Rep. Thomas H. Kean, Jr. Purchases 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 March 7th. 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 4/1/2025.
• 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 Performance

NVT traded up $0.44 during trading on Tuesday, hitting $55.00. 1,729,503 shares of the stock were exchanged, compared to its average volume of 1,904,731. The firm has a market capitalization of $9.05 billion, a P/E ratio of 28.06, a PEG ratio of 1.48 and a beta of 1.21. nVent Electric plc has a 1-year low of $41.71 and a 1-year high of $86.57. The stock has a fifty day moving average price of $53.88 and a two-hundred day moving average price of $65.71. The company has a quick ratio of 1.28, a current ratio of 1.73 and a debt-to-equity ratio of 0.65.

nVent Electric (NYSE:NVT - Get Free Report) last released its quarterly earnings results on Thursday, February 6th. The company reported $0.59 EPS 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%. As a group, sell-side analysts predict that nVent Electric plc will post 3.04 earnings per share for the current year.

nVent Electric Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, May 9th. Shareholders of record on Friday, April 25th will be given a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a yield of 1.45%. The ex-dividend date of this dividend is Friday, April 25th. nVent Electric's dividend payout ratio (DPR) is 40.82%.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on NVT shares. Barclays dropped their target price on nVent Electric from $70.00 to $65.00 and set an "overweight" rating on the stock in a report on Thursday, April 10th. KeyCorp dropped their target price on nVent Electric from $75.00 to $60.00 and set an "overweight" rating on the stock in a report on Tuesday, April 8th. Citigroup dropped their target price on nVent Electric from $85.00 to $59.00 and set a "buy" rating on the stock in a report on Monday, April 14th. The Goldman Sachs Group dropped their target price on nVent Electric from $86.00 to $74.00 and set a "buy" rating on the stock in a report on Wednesday, April 2nd. Finally, Royal Bank of Canada boosted their target price on nVent Electric from $85.00 to $86.00 and gave the company an "outperform" rating in a report on Friday, February 7th. Six equities research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Buy" and a consensus target price of $69.00.

Institutional Trading of nVent Electric

Institutional investors have recently modified their holdings of the business. Quadrant Capital Group LLC boosted its position in nVent Electric by 4.1% during the fourth quarter. Quadrant Capital Group LLC now owns 3,807 shares of the company's stock worth $259,000 after purchasing an additional 150 shares in the last quarter. MassMutual Private Wealth & Trust FSB boosted its position in nVent Electric by 26.5% during the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 773 shares of the company's stock worth $53,000 after purchasing an additional 162 shares in the last quarter. Calamos Advisors LLC boosted its position in nVent Electric by 1.6% during the fourth quarter. Calamos Advisors LLC now owns 11,468 shares of the company's stock worth $782,000 after purchasing an additional 176 shares in the last quarter. Utah Retirement Systems boosted its position in nVent Electric by 2.3% during the fourth quarter. Utah Retirement Systems now owns 8,923 shares of the company's stock worth $608,000 after purchasing an additional 200 shares in the last quarter. Finally, Hancock Whitney Corp boosted its position in nVent Electric by 1.4% during the fourth quarter. Hancock Whitney Corp now owns 15,031 shares of the company's stock worth $1,025,000 after purchasing an additional 206 shares in the last quarter. 90.05% of the stock is currently owned by hedge funds and other institutional investors.

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.