Rep. Thomas H. Kean, Jr. Acquires Shares of nVent Electric plc (NYSE:NVT)

Representative Thomas H. Kean, Jr. (R-New Jersey) recently bought shares of nVent Electric plc NYSE: NVT. In a filing disclosed on April 18th, the Representative disclosed that they had bought between $1,001 and $15,000 in nVent Electric stock on April 1st. The trade occurred in the Representative's "KEAN FAMILY PARTNERSHIP" account.

Representative Thomas H. Kean, Jr. also recently made the following trade(s):

• Purchased $1,001 - $15,000 in shares of Illumina NASDAQ: ILMN on 4/1/2025.
• Purchased $1,001 - $15,000 in shares of nVent Electric NYSE: NVT on 3/7/2025.
• Purchased $1,001 - $15,000 in shares of Amazon.com NASDAQ: AMZN on 2/26/2025.
• Sold $15,001 - $50,000 in shares of Stryker NYSE: SYK on 2/26/2025.
• Sold $1,001 - $15,000 in shares of Magnera NYSE: MAGN on 2/12/2025.
• Sold $1,001 - $15,000 in shares of Pernod Ricard OTC: PRNDY on 2/7/2025.
• Purchased $1,001 - $15,000 in shares of Mondelez International NASDAQ: MDLZ on 2/7/2025.
• Purchased $1,001 - $15,000 in shares of Microsoft NASDAQ: MSFT on 1/31/2025.

nVent Electric Stock Up 0.4 %

nVent Electric stock traded up $0.21 during trading on Friday, reaching $54.86. 1,859,753 shares of the company's stock were exchanged, compared to its average volume of 1,899,150. nVent Electric plc has a 52-week low of $41.71 and a 52-week high of $86.57. The firm has a market cap of $9.03 billion, a price-to-earnings ratio of 27.99, a PEG ratio of 1.48 and a beta of 1.21. The company has a debt-to-equity ratio of 0.65, a quick ratio of 1.28 and a current ratio of 1.73. The company's 50-day moving average is $54.37 and its two-hundred day moving average is $65.95.

nVent Electric (NYSE:NVT - Get Free Report) last issued its earnings results on Thursday, February 6th. The company reported $0.59 earnings per share for the quarter, hitting the consensus estimate of $0.59. nVent Electric had a return on equity of 14.52% and a net margin of 10.09%. On average, analysts predict that nVent Electric plc will post 3.04 earnings per share for the current year.

nVent Electric Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, May 9th. Stockholders of record on Friday, April 25th will be paid a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a dividend yield of 1.46%. The ex-dividend date of this dividend is Friday, April 25th. nVent Electric's dividend payout ratio is presently 40.82%.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on NVT shares. The Goldman Sachs Group dropped their price objective on shares of nVent Electric from $86.00 to $74.00 and set a "buy" rating on the stock in a research note on Wednesday, April 2nd. CL King raised shares of nVent Electric from a "neutral" rating to a "buy" rating and set a $70.00 price target on the stock in a research note on Monday, March 17th. Citigroup decreased their price objective on shares of nVent Electric from $85.00 to $59.00 and set a "buy" rating for the company in a research report on Monday, April 14th. Seaport Res Ptn raised nVent Electric from a "hold" rating to a "strong-buy" rating in a research report on Friday, March 21st. Finally, Barclays cut their price target on nVent Electric from $70.00 to $65.00 and set an "overweight" rating on the stock in a research note on Thursday, April 10th. Six research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat, the company presently has a consensus rating of "Buy" and a consensus target price of $69.00.

Institutional Investors Weigh In On nVent Electric

Several hedge funds and other institutional investors have recently modified their holdings of NVT. Capital Research Global Investors acquired a new position in nVent Electric in the fourth quarter worth about $384,749,000. Norges Bank acquired a new position in shares of nVent Electric in the 4th quarter worth approximately $197,434,000. Millennium Management LLC increased its holdings in shares of nVent Electric by 743.7% in the 4th quarter. Millennium Management LLC now owns 2,215,624 shares of the company's stock valued at $151,017,000 after acquiring an additional 1,953,026 shares during the last quarter. Champlain Investment Partners LLC bought a new stake in shares of nVent Electric in the 4th quarter valued at approximately $86,738,000. Finally, Franklin Resources Inc. raised its position in shares of nVent Electric by 22.1% during the 3rd quarter. Franklin Resources Inc. now owns 7,020,425 shares of the company's stock valued at $527,374,000 after acquiring an additional 1,269,335 shares in the last quarter. Institutional investors own 90.05% of the company's stock.

About Representative Kean

Thomas Kean Jr. (Republican Party) is a member of the U.S. House, representing New Jersey's 7th Congressional District. He assumed office on January 3, 2023. His current term ends on January 3, 2027. Kean (Republican Party) is running for re-election to the U.S. House to represent New Jersey's 7th Congressional District. He declared candidacy for the 2026 election. Thomas Kean Jr. lives in Westfield, New Jersey. Kean earned a master’s degree from the Tufts University Fletcher School of Law and Diplomacy. His career experience includes working with the Environmental Protection Agency during the George H.W. Bush administration and as an advisor to former U.S. Representative Bob Franks, a firefighter, and an emergency medical technician. Kean has served as the vice president of a fire department.

nVent Electric Company Profile

nVent Electric plc, together with its subsidiaries, designs, manufactures, markets, installs, and services electrical connection and protection solutions in North America, Europe, the Middle East, Africa, the Asia Pacific, and internationally. The company operates through three segments: Enclosures, Electrical & Fastening Solutions, and Thermal Management.