BNP Paribas Financial Markets Cuts Stock Position in nVent Electric PLC $NVT

BNP Paribas Financial Markets cut its stake in shares of nVent Electric PLC (NYSE:NVT) by 38.7% in the 4th quarter, HoldingsChannel reports. The fund owned 99,388 shares of the company’s stock after selling 62,717 shares during the quarter. BNP Paribas Financial Markets’ holdings in nVent Electric were worth $10,135,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Cullen Frost Bankers Inc. bought a new stake in nVent Electric in the fourth quarter valued at approximately $32,000. Elyxium Wealth LLC bought a new stake in nVent Electric in the fourth quarter valued at approximately $36,000. Advisory Services Network LLC bought a new stake in nVent Electric in the third quarter valued at approximately $35,000. Basepoint Wealth LLC bought a new stake in nVent Electric in the fourth quarter valued at approximately $40,000. Finally, Torren Management LLC bought a new stake in nVent Electric in the fourth quarter valued at approximately $40,000. 90.05% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several analysts have weighed in on the company. Evercore reiterated an “outperform” rating and issued 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 nVent Electric from $164.00 to $200.00 and gave the company a “buy” rating in a research report on Monday, May 4th. Wolfe Research upgraded nVent Electric to an “outperform” rating in a research report on Monday, February 9th. Zacks Research upgraded nVent Electric from a “hold” rating to a “strong-buy” rating in a research report on Monday, May 4th. Finally, Roth Mkm reiterated a “buy” rating and issued a $185.00 price objective 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 given a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Buy” and an average price target of $184.20.

nVent Electric Trading Up 0.4%

NYSE NVT opened at $163.52 on Tuesday. The stock has a market cap of $26.44 billion, a P/E ratio of 54.33, a price-to-earnings-growth ratio of 1.54 and a beta of 1.35. The company has a debt-to-equity ratio of 0.41, a quick ratio of 1.21 and a current ratio of 1.70. The stock has a 50 day simple moving average of $149.06 and a two-hundred day simple moving average of $123.86. nVent Electric PLC has a fifty-two week low of $67.21 and a fifty-two week high of $178.00.

nVent Electric (NYSE:NVT) last released its 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. The company had revenue of $1.24 billion during the quarter, compared to analysts’ expectations of $1.11 billion. nVent Electric had a return on equity of 16.82% and a net margin of 11.37%.The firm’s revenue for the quarter was up 53.5% compared to the same quarter last year. During the same quarter last year, the business posted $0.67 EPS. 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, analysts forecast that nVent Electric PLC will post 4.55 earnings per share for the current year.

nVent Electric Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, August 7th. Stockholders 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 dividend yield of 0.5%. The ex-dividend date is Friday, July 24th. nVent Electric’s dividend payout ratio (DPR) is presently 27.91%.

nVent Electric declared that its board has approved a share buyback plan on Saturday, May 16th that permits the company to repurchase $500.00 million in shares. This repurchase authorization permits the company to buy up to 1.8% of its stock through open market purchases. Stock repurchase plans are often an indication that the company’s leadership believes its stock is undervalued.

Insider Buying and Selling

In other news, EVP Lynnette R. Heath sold 27,471 shares of the firm’s stock in a transaction that occurred on Wednesday, May 6th. The stock was sold at an average price of $167.59, for a total value of $4,603,864.89. Following the completion of the transaction, the executive vice president owned 37,089 shares in the company, valued at $6,215,745.51. This trade represents a 42.55% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CMO Martha Claire Bennett sold 3,778 shares of the firm’s stock in a transaction that occurred on Monday, May 11th. The shares were sold at an average price of $170.00, for a total value of $642,260.00. Following the completion of the transaction, the chief marketing officer owned 225 shares of the company’s stock, valued at approximately $38,250. The trade was a 94.38% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 87,685 shares of company stock worth $14,961,768 over the last quarter. Company insiders own 1.70% of the company’s stock.

nVent Electric Company 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.