Burney Co. Has $477,000 Stake in nVent Electric PLC $NVT

Burney Co. lowered its position in nVent Electric PLC (NYSE:NVT) by 58.7% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 4,036 shares of the company’s stock after selling 5,728 shares during the period. Burney Co.’s holdings in nVent Electric were worth $477,000 at the end of the most recent reporting period.

A number of other large investors have also bought and sold shares of the business. Manchester Capital Management LLC increased its stake in shares of nVent Electric by 128.1% in the fourth quarter. Manchester Capital Management LLC now owns 308 shares of the company’s stock valued at $31,000 after buying an additional 173 shares in the last quarter. Cullen Frost Bankers Inc. acquired a new position in nVent Electric during the 4th quarter worth about $32,000. Advisory Services Network LLC acquired a new position in nVent Electric during the 3rd quarter worth about $35,000. Elyxium Wealth LLC bought a new stake in nVent Electric during the 4th quarter worth about $36,000. Finally, Headlands Technologies LLC grew its holdings in nVent Electric by 522.9% during the 2nd quarter. Headlands Technologies LLC now owns 517 shares of the company’s stock worth $38,000 after acquiring an additional 434 shares during the last quarter. 90.05% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on NVT. Evercore reaffirmed an “outperform” rating and issued a $190.00 target price on shares of nVent Electric in a research note on Monday, May 4th. Wolfe Research reissued an “outperform” rating and set a $191.00 price target on shares of nVent Electric in a research note on Thursday. Barclays raised their price target on shares of nVent Electric from $150.00 to $190.00 and gave the company an “overweight” rating in a report on Monday, May 4th. Citigroup boosted their price objective on shares of nVent Electric from $152.00 to $187.00 and gave the stock a “buy” rating in a research report on Tuesday, May 5th. Finally, Roth Capital reaffirmed a “buy” rating and set a $185.00 price objective on shares of nVent Electric in a report on Monday, May 4th. Two equities research analysts have rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and one has given a Hold rating to the company. According to MarketBeat, the stock has an average rating of “Buy” and a consensus price target of $189.77.

Insider Buying and Selling at nVent Electric

In related news, CMO Martha Claire Bennett sold 3,778 shares of nVent Electric stock in a transaction on Monday, May 11th. The stock was sold at an average price of $170.00, for a total transaction of $642,260.00. Following the completion of the sale, the chief marketing officer directly owned 225 shares of the company’s stock, valued at $38,250. The trade was a 94.38% decrease in their ownership of the stock. 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 stock in a transaction dated Wednesday, May 6th. The shares were 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 in the company, valued at $6,215,745.51. The trade was a 42.55% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 87,685 shares of company stock valued at $14,961,768 over the last quarter. 1.70% of the stock is owned by corporate insiders.

nVent Electric Trading Up 2.1%

Shares of NYSE NVT opened at $158.05 on Friday. The company’s 50 day simple moving average is $165.45 and its 200 day simple moving average is $133.62. nVent Electric PLC has a fifty-two week low of $68.90 and a fifty-two week high of $184.64. The firm has a market capitalization of $25.56 billion, a P/E ratio of 52.51, a P/E/G ratio of 1.46 and a beta of 1.36. The company has a debt-to-equity ratio of 0.41, a current ratio of 1.70 and a quick ratio of 1.21.

nVent Electric (NYSE:NVT) last released its earnings results on Friday, May 1st. The company reported $1.09 EPS for the quarter, topping analysts’ consensus estimates of $0.94 by $0.15. nVent Electric had a net margin of 11.37% and a return on equity of 16.82%. The firm had revenue of $1.24 billion during the quarter, compared to analyst estimates of $1.11 billion. During the same quarter in the previous year, the business earned $0.67 EPS. The business’s quarterly revenue was up 53.5% compared to the same quarter last year. 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 predict that nVent Electric PLC will post 4.56 EPS for the current year.

nVent Electric Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, August 7th. Stockholders of record on Friday, July 24th will be given a $0.21 dividend. This represents a $0.84 annualized dividend and a dividend yield of 0.5%. The ex-dividend date is Friday, July 24th. nVent Electric’s dividend payout ratio (DPR) is currently 27.91%.

nVent Electric announced 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 generally an indication that the company’s leadership believes its shares are undervalued.

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.