Franklin Resources Inc. Sells 852,766 Shares of nVent Electric PLC $NVT

Franklin Resources Inc. cut its holdings in nVent Electric PLC (NYSE:NVT) by 12.4% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 6,040,440 shares of the company’s stock after selling 852,766 shares during the period. Franklin Resources Inc. owned about 3.74% of nVent Electric worth $595,829,000 at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in NVT. Bank of Montreal Can grew its position in nVent Electric by 158.1% in the third quarter. Bank of Montreal Can now owns 123,088 shares of the company’s stock valued at $12,141,000 after purchasing an additional 75,394 shares in the last quarter. Swiss National Bank lifted its position in nVent Electric by 1.5% during the 3rd quarter. Swiss National Bank now owns 319,187 shares of the company’s stock worth $31,485,000 after buying an additional 4,600 shares in the last quarter. Dundas Partners LLP acquired a new position in shares of nVent Electric during the 3rd quarter worth about $324,000. Private Advisor Group LLC boosted its stake in shares of nVent Electric by 1.5% during the 3rd quarter. Private Advisor Group LLC now owns 8,310 shares of the company’s stock worth $820,000 after buying an additional 122 shares during the last quarter. Finally, PFG Advisors grew its holdings in shares of nVent Electric by 9.0% in the 3rd quarter. PFG Advisors now owns 12,366 shares of the company’s stock valued at $1,220,000 after acquiring an additional 1,016 shares in the last quarter. Institutional investors own 90.05% of the company’s stock.

Insider Buying and Selling at nVent Electric

In other news, CEO Beth Wozniak sold 7,597 shares of the stock in a transaction dated Wednesday, February 11th. The shares were sold at an average price of $116.47, for a total value of $884,822.59. Following the transaction, the chief executive officer directly owned 52,990 shares of the company’s stock, valued at $6,171,745.30. This represents a 12.54% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Jerry W. Burris sold 5,244 shares of the firm’s stock in a transaction dated Friday, February 6th. The stock was sold at an average price of $112.27, for a total transaction of $588,743.88. Following the sale, the director owned 46,371 shares of the company’s stock, valued at approximately $5,206,072.17. This represents a 10.16% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 17,841 shares of company stock valued at $2,046,166 in the last quarter. 1.80% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on NVT. UBS Group started coverage on nVent Electric in a research report on Thursday, November 20th. They issued a “buy” rating and a $128.00 target price on the stock. KeyCorp increased their price target on nVent Electric from $125.00 to $130.00 and gave the company an “overweight” rating in a research report on Monday, February 9th. Wolfe Research upgraded nVent Electric to an “outperform” rating in a research note on Monday, February 9th. Citigroup boosted their price target on nVent Electric from $131.00 to $133.00 and gave the stock a “buy” rating in a research report on Monday, February 9th. Finally, Wall Street Zen downgraded nVent Electric from a “strong-buy” rating to a “buy” rating in a report on Monday, February 23rd. Ten analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat, nVent Electric presently has a consensus rating of “Moderate Buy” and a consensus price target of $129.00.

nVent Electric Trading Up 1.8%

Shares of NYSE:NVT opened at $111.05 on Thursday. nVent Electric PLC has a 52-week low of $41.71 and a 52-week high of $122.92. 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 company has a market capitalization of $17.96 billion, a P/E ratio of 25.83, a price-to-earnings-growth ratio of 1.13 and a beta of 1.31. The company has a 50-day simple moving average of $112.11 and a 200 day simple moving average of $104.97.

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

nVent Electric Announces Dividend

The firm also recently declared 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 annualized dividend and a yield of 0.8%. nVent Electric’s dividend payout ratio (DPR) is currently 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.