Bank of New York Mellon Corp Has $238.76 Million Stock Holdings in nVent Electric PLC $NVT

Bank of New York Mellon Corp grew its stake in shares of nVent Electric PLC (NYSE:NVT) by 3.5% in the first quarter, according to the company in its most recent filing with the SEC. The firm owned 2,018,579 shares of the company’s stock after acquiring an additional 68,818 shares during the quarter. Bank of New York Mellon Corp’s holdings in nVent Electric were worth $238,758,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Geode Capital Management LLC raised its stake in 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 in the last quarter. Price T Rowe Associates Inc. MD increased its holdings in nVent Electric by 361.9% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 2,577,555 shares of the company’s stock valued at $262,835,000 after buying an additional 2,019,483 shares during the period. Norges Bank acquired a new position in shares of nVent Electric in the 4th quarter valued at approximately $245,955,000. Merewether Investment Management LP raised its position in shares of nVent Electric by 59.2% in the 3rd quarter. Merewether Investment Management LP now owns 1,699,674 shares of the company’s stock valued at $167,656,000 after buying an additional 631,800 shares in the last quarter. Finally, Pictet Asset Management Holding SA lifted its holdings in shares of nVent Electric by 3.5% during the 4th 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. 90.05% of the stock is owned by institutional investors and hedge funds.

nVent Electric Price Performance

Shares of NYSE:NVT opened at $154.88 on Friday. nVent Electric PLC has a one year low of $73.05 and a one year high of $184.64. The company has a debt-to-equity ratio of 0.41, a current ratio of 1.70 and a quick ratio of 1.21. The company has a market cap of $25.05 billion, a price-to-earnings ratio of 51.45, a PEG ratio of 1.46 and a beta of 1.36. The firm has a 50 day simple moving average of $165.24 and a 200 day simple moving average of $135.69.

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

nVent Electric declared that its Board of Directors has initiated a share repurchase plan on Saturday, May 16th that allows the company to repurchase $500.00 million in shares. This repurchase authorization allows the company to buy up to 1.8% of its stock through open market purchases. Stock repurchase plans are generally an indication that the company’s board of directors believes its shares are 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 issued a dividend of $0.21 per share. The ex-dividend date of this dividend is Friday, July 24th. This represents a $0.84 annualized dividend and a dividend yield of 0.5%. nVent Electric’s dividend payout ratio (DPR) is 27.91%.

Insider Buying and Selling at nVent Electric

In other nVent Electric news, CAO Randolph A. Wacker sold 4,094 shares of the company’s stock in a transaction dated Monday, May 4th. The stock was sold at an average price of $165.57, for a total value of $677,843.58. Following the completion of the transaction, the chief accounting officer owned 49,873 shares of the company’s stock, valued at $8,257,472.61. This represents a 7.59% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP Lynnette R. Heath sold 27,471 shares of the company’s stock in a transaction dated 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 directly owned 37,089 shares of the company’s stock, valued at approximately $6,215,745.51. The trade was a 42.55% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 87,685 shares of company stock worth $14,961,768 over the last three months. 1.70% of the stock is owned by corporate insiders.

Analyst Ratings Changes

Several analysts recently issued reports on NVT shares. The Goldman Sachs Group increased their price target on shares of nVent Electric from $150.00 to $187.00 and gave the stock a “buy” rating in a research report on Monday, May 4th. Sanford C. Bernstein set a $220.00 target price on nVent Electric in a research note on Thursday, July 9th. Evercore reaffirmed an “outperform” rating and issued a $190.00 target price on shares of nVent Electric in a report on Monday, May 4th. Royal Bank Of Canada raised their target price on nVent Electric from $180.00 to $193.00 and gave the company an “outperform” rating in a report on Thursday. Finally, Citigroup lifted their price target on nVent Electric from $152.00 to $187.00 and gave the company a “buy” rating in a research note on Tuesday, May 5th. Four analysts have rated the stock with a Strong Buy rating, twelve have issued a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Buy” and a consensus target price of $190.57.

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.