Bank of New York Mellon Corp Has $198.82 Million Stake in nVent Electric PLC $NVT

Bank of New York Mellon Corp increased its holdings in shares of nVent Electric PLC (NYSE:NVT) by 13.7% in the 4th quarter, HoldingsChannel.com reports. The firm owned 1,949,761 shares of the company’s stock after acquiring an additional 234,755 shares during the period. Bank of New York Mellon Corp’s holdings in nVent Electric were worth $198,817,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. Geode Capital Management LLC increased its holdings in shares of nVent Electric by 7.5% in the fourth quarter. Geode Capital Management LLC now owns 3,125,289 shares of the company’s stock valued at $318,752,000 after purchasing an additional 217,485 shares during the last quarter. Norges Bank bought a new stake in shares of nVent Electric during the fourth quarter worth approximately $245,955,000. Clark Capital Management Group Inc. boosted its holdings in shares of nVent Electric by 2.4% during the third quarter. Clark Capital Management Group Inc. now owns 1,830,406 shares of the company’s stock worth $180,551,000 after acquiring an additional 43,502 shares during the period. Merewether Investment Management LP boosted its holdings in shares of nVent Electric by 59.2% during the third quarter. Merewether Investment Management LP now owns 1,699,674 shares of the company’s stock worth $167,656,000 after acquiring an additional 631,800 shares during the period. Finally, Pictet Asset Management Holding SA increased its position in nVent Electric by 3.5% during the fourth quarter. Pictet Asset Management Holding SA now owns 1,696,550 shares of the company’s stock worth $172,997,000 after acquiring an additional 57,528 shares during the period. Institutional investors and hedge funds own 90.05% of the company’s stock.

nVent Electric Stock Down 6.4%

Shares of NYSE:NVT opened at $162.79 on Friday. The stock has a market cap of $26.33 billion, a price-to-earnings ratio of 54.08, a PEG ratio of 1.65 and a beta of 1.35. The company has a quick ratio of 1.21, a current ratio of 1.70 and a debt-to-equity ratio of 0.41. nVent Electric PLC has a 12-month low of $67.18 and a 12-month high of $178.00. The business’s 50 day moving average is $148.16 and its 200 day moving average is $123.31.

nVent Electric (NYSE:NVT) last released its quarterly earnings results on Friday, May 1st. The company reported $1.09 earnings per share for the quarter, beating analysts’ consensus estimates of $0.94 by $0.15. The company had revenue of $1.24 billion for the quarter, compared to analyst estimates 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% on a year-over-year basis. During the same period last year, the firm earned $0.67 earnings per share. 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. On average, sell-side analysts forecast that nVent Electric PLC will post 4.55 earnings per share for the current fiscal year.

nVent Electric announced that its Board of Directors has initiated a stock buyback program on Saturday, May 16th that permits the company to buyback $500.00 million in shares. This buyback authorization permits the company to reacquire up to 1.8% of its shares through open market purchases. Shares buyback programs are usually an indication that the company’s leadership believes its stock is undervalued.

nVent Electric Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, August 7th. Investors of record on Friday, July 24th will be paid a $0.21 dividend. This represents a $0.84 dividend on an annualized basis and a yield of 0.5%. The ex-dividend date is Friday, July 24th. nVent Electric’s payout ratio is currently 27.91%.

Insiders Place Their Bets

In other nVent Electric news, insider Sara E. Zawoyski sold 29,412 shares of the firm’s stock in a transaction dated Wednesday, May 13th. The stock was sold at an average price of $172.49, for a total value of $5,073,275.88. Following the completion of the transaction, the insider owned 97,068 shares in the company, valued at $16,743,259.32. This trade represents a 23.25% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CAO Randolph A. Wacker sold 4,094 shares of the stock in a transaction that occurred 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 completion of the sale, the chief accounting officer owned 49,873 shares in the company, valued at $8,257,472.61. This represents a 7.59% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 87,685 shares of company stock worth $14,961,768 in the last ninety days. 1.70% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

NVT has been the subject of several recent analyst reports. Wolfe Research raised shares of nVent Electric to an “outperform” rating in a research report on Monday, February 9th. Evercore restated an “outperform” rating and set a $190.00 price objective on shares of nVent Electric in a research report on Monday, May 4th. 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, May 4th. Barclays lifted their target price on nVent Electric from $150.00 to $190.00 and gave the company an “overweight” rating in a research report on Monday, May 4th. Finally, Deutsche Bank Aktiengesellschaft restated a “buy” rating and issued a $187.00 target price on shares of nVent Electric in a research report on Monday, May 4th. One investment analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat, the stock has a consensus rating of “Buy” and a consensus 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.