Legal & General Group Plc Sells 3,713 Shares of nVent Electric PLC $NVT

Legal & General Group Plc trimmed its holdings in nVent Electric PLC (NYSE:NVT) by 0.9% in the 4th quarter, according to its most recent filing with the SEC. The institutional investor owned 393,996 shares of the company’s stock after selling 3,713 shares during the quarter. Legal & General Group Plc owned about 0.24% of nVent Electric worth $40,176,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of the business. Systematic Financial Management LP boosted its position in nVent Electric by 38.7% in the fourth quarter. Systematic Financial Management LP now owns 7,885 shares of the company’s stock worth $804,000 after purchasing an additional 2,200 shares during the last quarter. Swedbank AB purchased a new position in nVent Electric in the fourth quarter worth about $59,312,000. Axxcess Wealth Management LLC purchased a new position in nVent Electric in the fourth quarter worth about $339,000. Global Retirement Partners LLC boosted its position in nVent Electric by 31.8% in the fourth quarter. Global Retirement Partners LLC now owns 6,124 shares of the company’s stock worth $624,000 after purchasing an additional 1,478 shares during the last quarter. Finally, Mach 1 Financial Group LLC purchased a new position in nVent Electric in the fourth quarter worth about $200,000. 90.05% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several brokerages have issued reports on NVT. Roth Mkm reissued a “buy” rating and issued a $185.00 target price on shares of nVent Electric in a research report on Monday, May 4th. Barclays raised their target price on nVent Electric from $150.00 to $190.00 and gave the stock an “overweight” rating 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 report on Monday, May 4th. UBS Group raised their target price on nVent Electric from $164.00 to $200.00 and gave the stock a “buy” rating in a research report on Monday, May 4th. Finally, Wolfe Research raised nVent Electric to an “outperform” rating in a research report on Monday, February 9th. One research 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 company. According to data from MarketBeat.com, the stock has an average rating of “Buy” and a consensus target price of $184.20.

Insider Activity

In other news, insider Sara E. Zawoyski sold 29,412 shares of nVent Electric stock in a transaction dated Wednesday, May 13th. The stock was sold at an average price of $172.49, for a total transaction of $5,073,275.88. Following the transaction, the insider directly owned 97,068 shares of the company’s stock, valued at $16,743,259.32. The trade was a 23.25% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CMO Martha Claire Bennett sold 3,778 shares of nVent Electric stock in a transaction dated Monday, May 11th. The shares were sold at an average price of $170.00, for a total value of $642,260.00. Following the transaction, the chief marketing officer directly owned 225 shares in the company, valued at approximately $38,250. The trade was a 94.38% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders sold 87,685 shares of company stock worth $14,961,768. 1.70% of the stock is currently owned by corporate insiders.

nVent Electric Stock Up 1.1%

NVT stock opened at $166.73 on Friday. nVent Electric PLC has a twelve month low of $63.60 and a twelve month high of $175.00. The company has a quick ratio of 1.21, a current ratio of 1.70 and a debt-to-equity ratio of 0.41. The stock has a market cap of $26.96 billion, a P/E ratio of 55.39, a PEG ratio of 1.58 and a beta of 1.32. The business’s 50-day moving average price is $143.26 and its 200-day moving average price is $121.12.

nVent Electric (NYSE:NVT) last posted its quarterly earnings data 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. 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 analysts’ expectations of $1.11 billion. During the same period in the previous year, the firm earned $0.67 EPS. The business’s quarterly revenue 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. On average, equities research analysts forecast that nVent Electric PLC will post 4.55 EPS for the current year.

nVent Electric Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, August 7th. Stockholders of record on Friday, July 24th will be given 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 payout ratio is presently 27.91%.

nVent Electric announced that its Board of Directors has initiated a stock repurchase plan on Saturday, May 16th that allows the company to buyback $500.00 million in outstanding shares. This buyback authorization allows the company to reacquire up to 1.8% of its shares through open market purchases. Shares buyback plans are often a sign that the company’s management believes its shares are undervalued.

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.