4,598 Shares in nVent Electric PLC $NVT Acquired by Citizens Financial Group Inc. RI

Citizens Financial Group Inc. RI bought a new stake in nVent Electric PLC (NYSE:NVT) during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund bought 4,598 shares of the company’s stock, valued at approximately $544,000.

Several other large investors have also modified their holdings of NVT. Annex Advisory Services LLC grew its stake in shares of nVent Electric by 3.0% in the fourth quarter. Annex Advisory Services LLC now owns 3,243 shares of the company’s stock valued at $331,000 after buying an additional 94 shares in the last quarter. NewEdge Wealth LLC grew its position in nVent Electric by 3.7% in the 4th quarter. NewEdge Wealth LLC now owns 2,620 shares of the company’s stock valued at $267,000 after acquiring an additional 94 shares in the last quarter. Laird Norton Wetherby Wealth Management LLC increased its stake in nVent Electric by 0.9% during the third quarter. Laird Norton Wetherby Wealth Management LLC now owns 10,694 shares of the company’s stock worth $1,055,000 after purchasing an additional 98 shares during the period. NorthRock Partners LLC lifted its position in shares of nVent Electric by 1.9% during the third quarter. NorthRock Partners LLC now owns 5,620 shares of the company’s stock worth $554,000 after purchasing an additional 104 shares in the last quarter. Finally, HighPoint Advisor Group LLC boosted its stake in shares of nVent Electric by 2.8% in the fourth quarter. HighPoint Advisor Group LLC now owns 3,866 shares of the company’s stock valued at $394,000 after purchasing an additional 106 shares during the period. Institutional investors and hedge funds own 90.05% of the company’s stock.

Insiders Place Their Bets

In other news, EVP Aravind Padmanabhan sold 15,942 shares of the firm’s stock in a transaction that occurred on Monday, May 11th. The shares were sold at an average price of $174.00, for a total transaction of $2,773,908.00. Following the completion of the transaction, the executive vice president directly owned 23,243 shares of the company’s stock, valued at $4,044,282. This trade represents a 40.68% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CAO Randolph A. Wacker sold 4,094 shares of the company’s stock in a transaction that occurred on Monday, May 4th. The shares were sold at an average price of $165.57, for a total transaction of $677,843.58. Following the transaction, 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 position. The SEC filing for this sale provides additional information. Over the last ninety days, insiders sold 87,685 shares of company stock valued at $14,961,768. Corporate insiders own 1.70% of the company’s stock.

nVent Electric Price Performance

nVent Electric stock opened at $159.13 on Thursday. nVent Electric PLC has a one year low of $72.94 and a one year high of $184.64. 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 business has a fifty day moving average of $165.80 and a two-hundred day moving average of $135.20. The company has a market cap of $25.73 billion, a P/E ratio of 52.87, a price-to-earnings-growth ratio of 1.53 and a beta of 1.36.

nVent Electric (NYSE:NVT) last announced its quarterly earnings results on Friday, May 1st. The company reported $1.09 EPS for the quarter, topping the consensus estimate of $0.94 by $0.15. The business had revenue of $1.24 billion for the quarter, compared to analyst estimates of $1.11 billion. nVent Electric had a return on equity of 16.82% and a net margin of 11.37%.The company’s quarterly revenue was up 53.5% on a year-over-year basis. During the same quarter in the previous year, the company earned $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. As a group, analysts predict that nVent Electric PLC will post 4.56 earnings per share for the current fiscal year.

nVent Electric announced that its board has initiated a share buyback program on Saturday, May 16th that allows the company to buyback $500.00 million in shares. This buyback authorization allows the company to buy up to 1.8% of its shares through open market purchases. Shares buyback programs are often an indication that the company’s board believes its shares are undervalued.

nVent Electric Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, August 7th. Shareholders of record on Friday, July 24th will be issued a $0.21 dividend. This represents a $0.84 annualized dividend and a dividend yield of 0.5%. The ex-dividend date of this dividend is Friday, July 24th. nVent Electric’s dividend payout ratio is 27.91%.

Analyst Ratings Changes

Several analysts have recently issued reports on the company. Weiss Ratings cut nVent Electric from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Wednesday, May 6th. Royal Bank Of Canada upped their price objective on nVent Electric from $151.00 to $180.00 and gave the stock an “outperform” rating in a research report on Monday, May 4th. Melius Research started coverage on shares of nVent Electric in a research report on Tuesday, June 16th. They issued a “buy” rating and a $214.00 target price on the stock. Evercore reaffirmed an “outperform” rating and set a $190.00 price objective on shares of nVent Electric in a report on Monday, May 4th. Finally, Wolfe Research reiterated an “outperform” rating and set a $191.00 target price on shares of nVent Electric in a research report on Thursday, July 9th. Two research analysts have rated the stock with a Strong Buy rating, twelve have issued a Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, nVent Electric currently has a consensus rating of “Buy” and a consensus target price of $189.64.

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.