Ceredex Value Advisors LLC Reduces Position in nVent Electric PLC $NVT

Ceredex Value Advisors LLC decreased its stake in shares of nVent Electric PLC (NYSE:NVT) by 35.3% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 135,700 shares of the company’s stock after selling 74,000 shares during the quarter. Ceredex Value Advisors LLC owned about 0.08% of nVent Electric worth $13,385,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in NVT. Norges Bank purchased a new position in nVent Electric during the second quarter valued at approximately $234,290,000. Massachusetts Financial Services Co. MA boosted its position in nVent Electric by 146.0% in the 2nd quarter. Massachusetts Financial Services Co. MA now owns 3,195,543 shares of the company’s stock worth $234,074,000 after purchasing an additional 1,896,749 shares in the last quarter. Merewether Investment Management LP purchased a new stake in nVent Electric in the 2nd quarter worth approximately $78,222,000. Valeo Financial Advisors LLC acquired a new stake in shares of nVent Electric during the 2nd quarter worth approximately $48,443,000. Finally, Bank of America Corp DE increased its holdings in shares of nVent Electric by 93.4% during the 2nd quarter. Bank of America Corp DE now owns 998,452 shares of the company’s stock valued at $73,137,000 after purchasing an additional 482,083 shares in the last quarter. 90.05% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

NVT has been the topic of a number of recent analyst reports. Wall Street Zen downgraded shares of nVent Electric from a “strong-buy” rating to a “buy” rating in a report on Monday, February 23rd. Barclays upped their price objective on shares of nVent Electric from $140.00 to $141.00 and gave the stock an “overweight” rating in a research report on Monday, February 9th. Glj Research assumed coverage on shares of nVent Electric in a research note on Thursday, March 5th. They set a “buy” rating and a $151.00 target price on the stock. Wolfe Research upgraded nVent Electric to an “outperform” rating in a research note on Monday, February 9th. Finally, KeyCorp upped their price target on nVent Electric from $125.00 to $130.00 and gave the stock an “overweight” rating in a report on Monday, February 9th. Ten research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat.com, nVent Electric currently has a consensus rating of “Moderate Buy” and an average price target of $129.00.

Insider Buying and Selling at nVent Electric

In related news, CEO Beth Wozniak sold 7,597 shares of the stock in a transaction on Wednesday, February 11th. The stock was sold at an average price of $116.47, for a total value of $884,822.59. Following the completion of the transaction, the chief executive officer directly owned 52,990 shares of the company’s stock, valued at approximately $6,171,745.30. This represents a 12.54% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Susan M. Cameron sold 5,000 shares of the firm’s stock in a transaction on Tuesday, February 10th. The shares were sold at an average price of $114.52, for a total value of $572,600.00. Following the completion of the transaction, the director owned 13,405 shares in the company, valued at $1,535,140.60. The trade was a 27.17% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold 17,841 shares of company stock valued at $2,046,166 over the last quarter. 2.50% of the stock is currently owned by insiders.

nVent Electric Stock Performance

NYSE:NVT opened at $109.09 on Wednesday. The company has a debt-to-equity ratio of 0.41, a quick ratio of 1.16 and a current ratio of 1.63. The stock has a market capitalization of $17.64 billion, a PE ratio of 25.37, a P/E/G ratio of 1.12 and a beta of 1.31. nVent Electric PLC has a fifty-two week low of $41.71 and a fifty-two week high of $122.92. The company has a fifty day moving average of $111.93 and a two-hundred day moving average of $104.93.

nVent Electric (NYSE:NVT) last announced its earnings results on Friday, February 6th. The company reported $0.90 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.89 by $0.01. The business had revenue of $1.07 billion for the quarter, compared to analyst estimates of $1 billion. nVent Electric had a net margin of 18.25% and a return on equity of 15.18%. The company’s revenue for the quarter was up 41.9% compared to the same quarter last year. During the same quarter last year, the business earned $0.59 earnings per share. 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. As a group, research analysts forecast that nVent Electric PLC will post 3.04 earnings per share for the current fiscal year.

nVent Electric Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, May 8th. Shareholders of record on Friday, April 24th will be issued a dividend of $0.21 per share. The ex-dividend date of this dividend is Friday, April 24th. This represents a $0.84 dividend on an annualized basis and a dividend yield of 0.8%. nVent Electric’s dividend payout ratio is presently 19.53%.

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.