Easterly Investment Partners LLC Buys 5,474 Shares of nVent Electric PLC $NVT

Easterly Investment Partners LLC increased its stake in nVent Electric PLC (NYSE:NVT) by 6.3% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 92,323 shares of the company’s stock after purchasing an additional 5,474 shares during the period. Easterly Investment Partners LLC owned approximately 0.06% of nVent Electric worth $9,414,000 as of its most recent filing with the SEC.

A number of other hedge funds also recently modified their holdings of NVT. Norges Bank bought a new position in shares of nVent Electric in the fourth quarter worth $245,955,000. Holocene Advisors LP bought a new position in shares of nVent Electric in the third quarter worth $151,265,000. Balyasny Asset Management L.P. increased its position in shares of nVent Electric by 3,467.1% in the third quarter. Balyasny Asset Management L.P. now owns 1,326,100 shares of the company’s stock worth $130,807,000 after purchasing an additional 1,288,924 shares during the period. Merewether Investment Management LP bought a new position in shares of nVent Electric in the second quarter worth $78,222,000. Finally, Swedbank AB bought a new position in shares of nVent Electric in the fourth quarter worth $59,312,000. Institutional investors own 90.05% of the company’s stock.

Insider Activity

In other news, EVP Lynnette R. Heath sold 27,471 shares of nVent Electric stock in a transaction dated Wednesday, May 6th. The stock was sold at an average price of $167.59, for a total transaction of $4,603,864.89. Following the sale, the executive vice president directly owned 37,089 shares of the company’s stock, valued at approximately $6,215,745.51. This trade represents a 42.55% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CAO Randolph A. Wacker sold 4,094 shares of nVent Electric stock in a transaction dated Monday, May 4th. The shares were sold at an average price of $165.57, for a total value of $677,843.58. Following the sale, the chief accounting officer directly owned 49,873 shares in the company, valued at $8,257,472.61. The trade was a 7.59% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders sold 87,685 shares of company stock valued at $14,961,768. 1.70% of the stock is currently owned by company insiders.

nVent Electric Stock Performance

Shares of NVT stock opened at $166.73 on Monday. The business’s 50-day moving average price is $143.26 and its 200-day moving average price is $121.18. nVent Electric PLC has a 12 month low of $63.60 and a 12 month high of $175.00. The firm has a market capitalization of $26.96 billion, a price-to-earnings ratio of 55.39, a PEG ratio of 1.58 and a beta of 1.35. The company has a current ratio of 1.70, a quick ratio of 1.21 and a debt-to-equity ratio of 0.41.

nVent Electric (NYSE:NVT) last announced its quarterly earnings results on Friday, May 1st. The company reported $1.09 EPS for the quarter, beating analysts’ consensus estimates of $0.94 by $0.15. nVent Electric had a return on equity of 16.82% and a net margin of 11.37%.The firm had revenue of $1.24 billion for the quarter, compared to analyst estimates of $1.11 billion. During the same period last year, the firm posted $0.67 earnings per share. The business’s revenue for the quarter was up 53.5% on a year-over-year basis. 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. Equities research analysts forecast that nVent Electric PLC will post 4.55 EPS for the current year.

nVent Electric declared that its Board of Directors has initiated a share buyback program on Saturday, May 16th that authorizes the company to buyback $500.00 million in shares. This buyback authorization authorizes the company to purchase up to 1.8% of its stock through open market purchases. Stock buyback programs are usually a sign that the company’s board of directors believes its shares are undervalued.

nVent Electric Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, August 7th. Stockholders of record on Friday, July 24th will be paid a dividend of $0.21 per share. This represents a $0.84 dividend on an annualized basis and a dividend yield of 0.5%. The ex-dividend date of this dividend is Friday, July 24th. nVent Electric’s dividend payout ratio (DPR) is presently 27.91%.

Wall Street Analyst Weigh In

NVT has been the topic of a number of recent analyst reports. Deutsche Bank Aktiengesellschaft restated a “buy” rating and issued a $187.00 price target on shares of nVent Electric in a research report on Monday, May 4th. Zacks Research raised nVent Electric from a “hold” rating to a “strong-buy” rating in a research note on Monday, May 4th. The Goldman Sachs Group raised their price objective on nVent Electric from $150.00 to $187.00 and gave the company a “buy” rating in a research note on Monday, May 4th. Roth Mkm reaffirmed a “buy” rating and issued a $185.00 price objective on shares of nVent Electric in a research note on Monday, May 4th. Finally, Wolfe Research raised nVent Electric to an “outperform” rating in a research note on Monday, February 9th. One analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat.com, nVent Electric has an average rating of “Buy” and an average target price of $184.20.

nVent Electric Profile

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.