nVent Electric PLC (NYSE:NVT - Get Free Report) CAO Randolph Wacker sold 4,094 shares of nVent Electric stock in a transaction on Monday, May 4th. The stock was sold at an average price of $165.57, for a total transaction of $677,843.58. Following the transaction, the chief accounting officer directly owned 49,873 shares in the company, valued at approximately $8,257,472.61. This represents a 7.59% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.
nVent Electric Trading Up 4.2%
Shares of NYSE NVT traded up $6.83 during midday trading on Tuesday, reaching $169.52. 2,795,444 shares of the stock were exchanged, compared to its average volume of 2,335,269. The business has a 50-day simple moving average of $124.07 and a two-hundred day simple moving average of $113.35. The company has a market capitalization of $27.41 billion, a price-to-earnings ratio of 56.32, a P/E/G ratio of 1.65 and a beta of 1.32. nVent Electric PLC has a 12 month low of $59.57 and a 12 month high of $171.09. The company has a debt-to-equity ratio of 0.41, a current ratio of 1.70 and a quick ratio of 1.21.
nVent Electric (NYSE:NVT - Get Free Report) last posted its quarterly earnings data on Friday, May 1st. The company reported $1.09 EPS for the quarter, beating the consensus estimate of $0.94 by $0.15. The business had revenue of $1.24 billion for the quarter, compared to analysts' expectations of $1.11 billion. nVent Electric had a net margin of 11.37% and a return on equity of 16.82%. The firm's revenue was up 53.5% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.67 EPS. nVent Electric has set its Q2 2026 guidance at 1.120-1.150 EPS and its FY 2026 guidance at 4.450-4.550 EPS. As a group, equities research analysts expect that nVent Electric PLC will post 4.15 EPS for the current year.
nVent Electric Dividend Announcement
The business also recently disclosed a quarterly dividend, which will be paid on Friday, May 8th. Investors of record on Friday, April 24th will be given a $0.21 dividend. This represents a $0.84 annualized dividend and a yield of 0.5%. The ex-dividend date of this dividend is Friday, April 24th. nVent Electric's payout ratio is currently 27.91%.
Wall Street Analyst Weigh In
Several equities research analysts recently commented on NVT shares. Barclays boosted their price objective on shares of nVent Electric from $150.00 to $190.00 and gave the company an "overweight" rating in a research report on Monday. UBS Group boosted their price objective on shares of nVent Electric from $164.00 to $200.00 and gave the company a "buy" rating in a research report on Monday. Wall Street Zen cut shares of nVent Electric from a "strong-buy" rating to a "buy" rating in a research report on Monday, February 23rd. Zacks Research cut shares of nVent Electric from a "strong-buy" rating to a "hold" rating in a research report on Friday, February 6th. Finally, Roth Mkm reissued a "buy" rating and set a $185.00 price target on shares of nVent Electric in a research report on Monday. Twelve investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat, nVent Electric presently has an average rating of "Moderate Buy" and an average price target of $184.20.
Get Our Latest Stock Report on NVT
Institutional Inflows and Outflows
Several institutional investors have recently made changes to their positions in the stock. TABR Capital Management LLC bought a new position in shares of nVent Electric in the 4th quarter valued at about $3,284,000. Kestra Private Wealth Services LLC acquired a new position in shares of nVent Electric during the 4th quarter worth about $599,000. Nordea Investment Management AB increased its stake in shares of nVent Electric by 10.0% during the 3rd quarter. Nordea Investment Management AB now owns 129,655 shares of the company's stock worth $12,671,000 after purchasing an additional 11,804 shares during the last quarter. Robeco Institutional Asset Management B.V. increased its stake in shares of nVent Electric by 173.8% during the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 52,856 shares of the company's stock worth $5,214,000 after purchasing an additional 33,549 shares during the last quarter. Finally, Holocene Advisors LP acquired a new position in shares of nVent Electric during the 3rd quarter worth about $151,265,000. Institutional investors and hedge funds own 90.05% of the company's stock.
Key Stories Impacting nVent Electric
Here are the key news stories impacting nVent Electric this week:
About nVent Electric
(
Get Free Report)
nVent Electric PLC is a global manufacturer of electrical connection, protection and thermal management solutions. The company designs, engineers and produces a broad portfolio of products aimed at enhancing safety, reliability and performance in electrical systems across a variety of industries. Its core offerings include electrical enclosures, heat tracing systems, grounding and bonding products, cable management, and fastening solutions. nVent serves markets such as commercial and industrial construction, oil and gas, telecommunications, data centers, utilities, and renewable energy.
The company's electrical enclosures and housing solutions protect sensitive components from environmental hazards, while its Raychem brand heat tracing products provide freeze protection and temperature maintenance for critical piping and equipment.
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