Rhumbline Advisers Decreases Stock Position in nVent Electric PLC $NVT

Rhumbline Advisers decreased its position in nVent Electric PLC (NYSE:NVT) by 2.1% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 429,286 shares of the company’s stock after selling 9,260 shares during the quarter. Rhumbline Advisers owned 0.27% of nVent Electric worth $42,345,000 at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in the company. Global Trust Asset Management LLC purchased a new stake in nVent Electric during the 3rd quarter worth $30,000. Root Financial Partners LLC acquired a new stake in shares of nVent Electric during the third quarter valued at about $31,000. True Wealth Design LLC increased its position in shares of nVent Electric by 1,202.9% during the second quarter. True Wealth Design LLC now owns 443 shares of the company’s stock worth $32,000 after acquiring an additional 409 shares during the last quarter. Manchester Capital Management LLC lifted its stake in shares of nVent Electric by 222.2% in the second quarter. Manchester Capital Management LLC now owns 435 shares of the company’s stock worth $32,000 after acquiring an additional 300 shares in the last quarter. Finally, Headlands Technologies LLC lifted its stake in shares of nVent Electric by 522.9% in the second quarter. Headlands Technologies LLC now owns 517 shares of the company’s stock worth $38,000 after acquiring an additional 434 shares in the last quarter. 90.05% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

NVT has been the topic of several analyst reports. Citigroup lifted their price objective on nVent Electric from $131.00 to $133.00 and gave the stock a “buy” rating in a report on Monday, February 9th. The Goldman Sachs Group raised their price target on shares of nVent Electric from $111.00 to $140.00 and gave the stock a “buy” rating in a research report on Monday, November 3rd. Royal Bank Of Canada upped their price target on shares of nVent Electric from $136.00 to $138.00 and gave the company an “outperform” rating in a report on Monday, February 9th. Wolfe Research upgraded shares of nVent Electric to an “outperform” rating in a research note on Monday, February 9th. Finally, KeyCorp boosted their target price on shares of nVent Electric from $125.00 to $130.00 and gave the stock an “overweight” rating in a research report on Monday, February 9th. Ten research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $126.25.

nVent Electric Stock Performance

nVent Electric stock opened at $113.13 on Friday. The company has a debt-to-equity ratio of 0.41, a current ratio of 1.63 and a quick ratio of 1.16. nVent Electric PLC has a 12 month low of $41.71 and a 12 month high of $120.85. The company has a fifty day moving average price of $108.07 and a two-hundred day moving average price of $101.64. The company has a market cap of $18.25 billion, a PE ratio of 26.31, a P/E/G ratio of 1.18 and a beta of 1.33.

nVent Electric (NYSE:NVT) last posted its quarterly earnings results on Friday, February 6th. The company reported $0.90 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.89 by $0.01. nVent Electric had a net margin of 18.25% and a return on equity of 15.18%. The company had revenue of $1.07 billion for the quarter, compared to the consensus estimate of $1 billion. During the same period last year, the firm posted $0.59 EPS. The company’s revenue for the quarter was up 41.9% on a year-over-year basis. nVent Electric has set its Q1 2026 guidance at 0.900-0.930 EPS and its FY 2026 guidance at 4.000-4.150 EPS. Research analysts expect that nVent Electric PLC will post 3.04 earnings per share for the current year.

nVent Electric Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, February 6th. Stockholders of record on Friday, January 23rd were given a dividend of $0.21 per share. This represents a $0.84 dividend on an annualized basis and a dividend yield of 0.7%. The ex-dividend date was Friday, January 23rd. This is a positive change from nVent Electric’s previous quarterly dividend of $0.20. nVent Electric’s payout ratio is currently 19.53%.

Insider Buying and Selling

In other news, CEO Beth Wozniak sold 7,597 shares of the company’s stock in a transaction dated Wednesday, February 11th. The shares were sold at an average price of $116.47, for a total transaction of $884,822.59. Following the completion of the transaction, the chief executive officer owned 52,990 shares in the company, valued at approximately $6,171,745.30. This represents a 12.54% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Greg Scheu sold 5,591 shares of nVent Electric stock in a transaction dated Monday, November 24th. The shares were sold at an average price of $104.04, for a total transaction of $581,687.64. Following the completion of the sale, the director owned 14,348 shares in the company, valued at approximately $1,492,765.92. This represents a 28.04% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders sold 27,569 shares of company stock worth $3,084,372. Company insiders own 1.80% 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.