Dougherty & Associates LLC Takes Position in nVent Electric PLC $NVT

Dougherty & Associates LLC purchased a new stake in shares of nVent Electric PLC (NYSE:NVT) in the fourth quarter, HoldingsChannel reports. The institutional investor purchased 9,678 shares of the company’s stock, valued at approximately $987,000. nVent Electric comprises about 0.9% of Dougherty & Associates LLC’s investment portfolio, making the stock its 27th largest position.

A number of other large investors have also recently modified their holdings of the business. Clark Capital Management Group Inc. boosted its position in shares of nVent Electric by 2.4% during the 3rd quarter. Clark Capital Management Group Inc. now owns 1,830,406 shares of the company’s stock valued at $180,551,000 after acquiring an additional 43,502 shares during the last quarter. Bank of New York Mellon Corp boosted its position in shares of nVent Electric by 1.9% during the 3rd quarter. Bank of New York Mellon Corp now owns 1,715,006 shares of the company’s stock valued at $169,168,000 after acquiring an additional 32,128 shares during the last quarter. Merewether Investment Management LP boosted its position in shares of nVent Electric by 59.2% during the 3rd quarter. Merewether Investment Management LP now owns 1,699,674 shares of the company’s stock valued at $167,656,000 after acquiring an additional 631,800 shares during the last quarter. Pictet Asset Management Holding SA boosted its position in shares of nVent Electric by 3.5% during the 4th quarter. Pictet Asset Management Holding SA now owns 1,696,550 shares of the company’s stock valued at $172,997,000 after acquiring an additional 57,528 shares during the last quarter. Finally, Ameriprise Financial Inc. boosted its position in shares of nVent Electric by 8.5% during the 3rd quarter. Ameriprise Financial Inc. now owns 1,627,329 shares of the company’s stock valued at $160,521,000 after acquiring an additional 126,991 shares during the last quarter. Institutional investors own 90.05% of the company’s stock.

nVent Electric Trading Up 0.1%

Shares of NVT opened at $169.10 on Monday. The firm has a market cap of $27.35 billion, a price-to-earnings ratio of 56.18, a PEG ratio of 1.60 and a beta of 1.32. The company has a debt-to-equity ratio of 0.41, a quick ratio of 1.21 and a current ratio of 1.70. nVent Electric PLC has a fifty-two week low of $63.15 and a fifty-two week high of $175.00. The firm has a 50 day moving average price of $132.66 and a 200-day moving average price of $117.34.

nVent Electric (NYSE:NVT) last announced its quarterly earnings data on Friday, May 1st. The company reported $1.09 earnings per share for the quarter, topping analysts’ consensus estimates of $0.94 by $0.15. The firm had revenue of $1.24 billion during the quarter, compared to analyst estimates of $1.11 billion. nVent Electric had a net margin of 11.37% and a return on equity of 16.82%. The business’s quarterly revenue was up 53.5% on a year-over-year basis. During the same period in the previous year, the business posted $0.67 EPS. 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. As a group, equities research analysts forecast that nVent Electric PLC will post 4.55 earnings per share for the current year.

nVent Electric announced that its Board of Directors has authorized a stock buyback plan on Saturday, May 16th that authorizes the company to repurchase $500.00 million in shares. This repurchase authorization authorizes the company to reacquire up to 1.8% of its stock through open market purchases. Stock repurchase plans are typically a sign that the company’s board believes its stock is undervalued.

Insider Transactions at nVent Electric

In other news, CMO Martha Claire Bennett sold 3,778 shares of the business’s stock in a transaction that occurred on Monday, May 11th. The shares were sold at an average price of $170.00, for a total value of $642,260.00. Following the completion of the sale, 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 position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, EVP Lynnette R. Heath sold 27,471 shares of the business’s stock in a transaction that occurred on 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 sale, the executive vice president owned 37,089 shares of the company’s stock, valued at $6,215,745.51. The trade was a 42.55% decrease in their position. The SEC filing for this sale provides additional information. In the last quarter, insiders sold 87,685 shares of company stock worth $14,961,768. Corporate insiders own 1.70% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on NVT. KeyCorp lifted their price target on nVent Electric from $140.00 to $185.00 and gave the company an “overweight” rating in a research report on Monday, May 4th. Evercore reiterated an “outperform” rating and set a $190.00 price target on shares of nVent Electric in a research report on Monday, May 4th. Citigroup lifted their price target on nVent Electric from $152.00 to $187.00 and gave the company a “buy” rating in a research report on Tuesday, May 5th. Roth Mkm reiterated a “buy” rating and set a $185.00 price target on shares of nVent Electric in a research report on Monday, May 4th. Finally, UBS Group lifted their price target on nVent Electric from $164.00 to $200.00 and gave the company a “buy” rating in a research report on Monday, May 4th. One investment analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and one has given a Hold rating to the stock. According to MarketBeat, the stock has an average rating of “Buy” and an average target price of $184.20.

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.