Sequoia Financial Advisors LLC Buys 11,033 Shares of nVent Electric PLC $NVT

Key Points

• Sequoia Financial Advisors increased its nVent Electric stake by 16.8% in the second quarter, purchasing 11,033 shares for a total holding of 76,540 shares valued at approximately $13.0 million. Institutional investors collectively own 90.05% of the company.
• nVent reported a strong quarter, with earnings of $1.45 per share versus the $1.16 consensus estimate and revenue of $1.47 billion, up 52.8% year over year. The company issued full-year 2026 EPS guidance of $5.00–$5.10 and authorized a $500 million share-repurchase program.
• Shares opened at $155.28, down 2.1%, while analysts maintained an overall “Buy” rating with an average price target of $199.86. However, insiders sold 74,644 shares worth about $12.3 million over the past 90 days.

Sequoia Financial Advisors LLC boosted its stake in shares of nVent Electric PLC (NYSE:NVT - Free Report) by 16.8% during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 76,540 shares of the company's stock after purchasing an additional 11,033 shares during the period. Sequoia Financial Advisors LLC's holdings in nVent Electric were worth $12,982,000 at the end of the most recent quarter.

Several other hedge funds have also bought and sold shares of the stock. Swedbank AB purchased a new stake in shares of nVent Electric in the fourth quarter worth $59,312,000. Northwestern Mutual Wealth Management Co. lifted its stake in shares of nVent Electric by 103.5% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 19,139 shares of the company's stock valued at $1,952,000 after buying an additional 9,734 shares in the last quarter. Alua Capital Management LP bought a new position in nVent Electric in the 1st quarter worth $27,394,000. Dougherty & Associates LLC bought a new position in nVent Electric in the 4th quarter worth $987,000. Finally, VIRGINIA RETIREMENT SYSTEMS ET Al increased its stake in nVent Electric by 216.7% in the 4th quarter. VIRGINIA RETIREMENT SYSTEMS ET Al now owns 20,900 shares of the company's stock worth $2,131,000 after buying an additional 14,300 shares in the last quarter. Institutional investors own 90.05% of the company's stock.

Insider Transactions at nVent Electric

In related news, CEO Beth Wozniak sold 46,261 shares of the business's stock in a transaction on Wednesday, August 5th. The shares were sold at an average price of $164.42, for a total value of $7,606,233.62. Following the sale, the chief executive officer owned 55,612 shares in the company, valued at approximately $9,143,725.04. The trade was a 45.41% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Der Kolk Robert J. Van sold 5,858 shares of the company's stock in a transaction on Monday, August 10th. The shares were sold at an average price of $164.32, for a total transaction of $962,586.56. Following the sale, the insider directly owned 27,387 shares in the company, valued at approximately $4,500,231.84. The trade was a 17.62% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 74,644 shares of company stock valued at $12,276,886 in the last ninety days. Corporate insiders own 1.70% of the company's stock.

nVent Electric Trading Down 2.1%

Shares of nVent Electric stock opened at $155.28 on Friday. nVent Electric PLC has a twelve month low of $93.22 and a twelve month high of $184.64. The company has a quick ratio of 1.33, a current ratio of 1.80 and a debt-to-equity ratio of 0.37. The business has a 50-day moving average price of $156.85 and a 200-day moving average price of $148.55. The firm has a market cap of $25.13 billion, a price-to-earnings ratio of 42.43, a PEG ratio of 1.33 and a beta of 1.36.

nVent Electric (NYSE:NVT - Get Free Report) last posted its earnings results on Friday, July 31st. The company reported $1.45 EPS for the quarter, topping analysts' consensus estimates of $1.16 by $0.29. nVent Electric had a return on equity of 18.85% and a net margin of 12.38%.The company had revenue of $1.47 billion for the quarter, compared to the consensus estimate of $1.26 billion. During the same period in the previous year, the business earned $0.86 earnings per share. The firm's revenue for the quarter was up 52.8% on a year-over-year basis. nVent Electric has set its Q3 2026 guidance at 1.350-1.380 EPS and its FY 2026 guidance at 5.000-5.100 EPS. Equities research analysts anticipate that nVent Electric PLC will post 5.13 EPS for the current fiscal year.

nVent Electric declared that its Board of Directors has approved a share repurchase program on Saturday, May 16th that allows the company to repurchase $500.00 million in shares. This repurchase authorization allows the company to repurchase up to 1.8% of its shares through open market purchases. Shares repurchase programs are often a sign that the company's leadership believes its stock is undervalued.

Analyst Ratings Changes

A number of equities research analysts have commented on NVT shares. Wall Street Zen raised nVent Electric from a "buy" rating to a "strong-buy" rating in a report on Sunday, June 21st. Sanford C. Bernstein set a $220.00 target price on nVent Electric in a research report on Thursday, July 9th. Royal Bank Of Canada lifted their target price on nVent Electric from $193.00 to $200.00 and gave the company an "outperform" rating in a research note on Monday, August 3rd. Seaport Research Partners reissued a "buy" rating and issued a $215.00 price target on shares of nVent Electric in a report on Monday, August 3rd. Finally, Wolfe Research reissued an "outperform" rating and issued a $191.00 price target on shares of nVent Electric in a report on Thursday, July 9th. Three research analysts have rated the stock with a Strong Buy rating and fourteen have assigned a Buy rating to the company's stock. According to MarketBeat, the company has an average rating of "Buy" and an average price target of $199.86.

nVent Electric Profile

nVent Electric plc NYSE: NVT is a global provider of electrical connection and protection solutions. The company designs and manufactures products that help protect electrical and electronic systems, manage heat, and support the installation and operation of electrical infrastructure across industrial, commercial, residential, data center, energy and infrastructure applications.

Its product portfolio includes electrical and electronic enclosures, thermal-management systems, cable-management products, grounding and bonding equipment, electrical connections, fastening systems and other installation solutions.

Want to see what other hedge funds are holding NVT? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for nVent Electric PLC (NYSE:NVT - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.