nVent Electric (NYSE:NVT) Director Jerry Burris Sells 5,244 Shares

nVent Electric PLC (NYSE:NVT) Director Jerry Burris sold 5,244 shares of the company’s stock in a transaction on Friday, February 6th. The shares were sold at an average price of $112.27, for a total value of $588,743.88. Following the completion of the sale, the director directly owned 46,371 shares in the company, valued at $5,206,072.17. This trade represents a 10.16% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink.

nVent Electric Trading Up 1.8%

NYSE:NVT opened at $114.68 on Tuesday. nVent Electric PLC has a 52-week low of $41.71 and a 52-week high of $120.85. The company has a quick ratio of 1.16, a current ratio of 1.63 and a debt-to-equity ratio of 0.41. The stock has a fifty day simple moving average of $107.61 and a 200-day simple moving average of $100.87. The company has a market capitalization of $18.50 billion, a PE ratio of 26.67, a price-to-earnings-growth ratio of 1.19 and a beta of 1.33.

nVent Electric (NYSE:NVT) last issued its quarterly earnings data on Friday, February 6th. The company reported $0.90 EPS for the quarter, beating analysts’ consensus estimates of $0.89 by $0.01. The firm had revenue of $1.07 billion for the quarter, compared to analysts’ expectations of $1 billion. nVent Electric had a net margin of 18.25% and a return on equity of 15.18%. The firm’s revenue was up 41.9% on a year-over-year basis. During the same period in the prior year, the company earned $0.59 EPS. nVent Electric has set its Q1 2026 guidance at 0.900-0.930 EPS and its FY 2026 guidance at 4.000-4.150 EPS. On average, equities research analysts expect that nVent Electric PLC will post 3.04 earnings per share for the current fiscal year.

nVent Electric Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, February 6th. Investors of record on Friday, January 23rd were paid a $0.21 dividend. This represents a $0.84 dividend on an annualized basis and a yield of 0.7%. The ex-dividend date of this dividend was Friday, January 23rd. This is an increase from nVent Electric’s previous quarterly dividend of $0.20. nVent Electric’s dividend payout ratio is currently 19.53%.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on NVT shares. The Goldman Sachs Group raised their price target on nVent Electric from $111.00 to $140.00 and gave the stock a “buy” rating in a research report on Monday, November 3rd. Roth Mkm reiterated a “buy” rating and set a $130.00 price objective (up previously from $115.00) on shares of nVent Electric in a research report on Monday, November 3rd. Wolfe Research raised shares of nVent Electric to an “outperform” rating in a research note on Monday. Wall Street Zen cut shares of nVent Electric from a “strong-buy” rating to a “buy” rating in a research note on Saturday. Finally, Royal Bank Of Canada lifted their price target on shares of nVent Electric from $136.00 to $138.00 and gave the stock an “outperform” rating in a report on Monday. Ten investment analysts have rated the stock with a Buy rating, According to MarketBeat.com, the company currently has an average rating of “Buy” and an average target price of $126.25.

Institutional Investors Weigh In On nVent Electric

Several hedge funds have recently modified their holdings of the stock. Global Trust Asset Management LLC purchased a new position in nVent Electric during the third quarter worth approximately $30,000. Root Financial Partners LLC purchased a new position in shares of nVent Electric in the 3rd quarter worth $31,000. True Wealth Design LLC boosted its holdings in nVent Electric by 1,202.9% in the second quarter. True Wealth Design LLC now owns 443 shares of the company’s stock valued at $32,000 after acquiring an additional 409 shares during the last quarter. Manchester Capital Management LLC boosted its holdings in nVent Electric by 222.2% in the second quarter. Manchester Capital Management LLC now owns 435 shares of the company’s stock valued at $32,000 after acquiring an additional 300 shares during the last quarter. Finally, Cullen Frost Bankers Inc. purchased a new stake in nVent Electric during the fourth quarter valued at about $32,000. 90.05% of the stock is owned by institutional investors and hedge funds.

About nVent Electric

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.