Gabelli Funds LLC Sells 3,200 Shares of nVent Electric PLC $NVT

Gabelli Funds LLC lessened its position in nVent Electric PLC (NYSE:NVT) by 3.8% in the 4th quarter, Holdings Channel.com reports. The fund owned 81,976 shares of the company’s stock after selling 3,200 shares during the period. Gabelli Funds LLC’s holdings in nVent Electric were worth $8,359,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in the company. Annex Advisory Services LLC lifted its holdings in shares of nVent Electric by 3.0% in the 4th quarter. Annex Advisory Services LLC now owns 3,243 shares of the company’s stock worth $331,000 after acquiring an additional 94 shares during the last quarter. NewEdge Wealth LLC lifted its holdings in shares of nVent Electric by 3.7% in the 4th quarter. NewEdge Wealth LLC now owns 2,620 shares of the company’s stock worth $267,000 after acquiring an additional 94 shares during the last quarter. CI Investments Inc. lifted its holdings in shares of nVent Electric by 15.6% in the 3rd quarter. CI Investments Inc. now owns 712 shares of the company’s stock worth $70,000 after acquiring an additional 96 shares during the last quarter. Laird Norton Wetherby Wealth Management LLC lifted its holdings in shares of nVent Electric by 0.9% in the 3rd quarter. Laird Norton Wetherby Wealth Management LLC now owns 10,694 shares of the company’s stock worth $1,055,000 after acquiring an additional 98 shares during the last quarter. Finally, NorthRock Partners LLC lifted its holdings in shares of nVent Electric by 1.9% in the 3rd quarter. NorthRock Partners LLC now owns 5,620 shares of the company’s stock worth $554,000 after acquiring an additional 104 shares during the last quarter. Institutional investors own 90.05% of the company’s stock.

Insiders Place Their Bets

In other news, EVP Lynnette R. Heath sold 27,471 shares of the business’s 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 sale, the executive vice president owned 37,089 shares in the company, valued at approximately $6,215,745.51. The trade was a 42.55% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Sara E. Zawoyski sold 29,412 shares of the business’s stock in a transaction dated Wednesday, May 13th. The shares were sold at an average price of $172.49, for a total transaction of $5,073,275.88. Following the completion of the sale, the insider owned 97,068 shares of the company’s stock, valued at approximately $16,743,259.32. This represents a 23.25% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders have sold 87,685 shares of company stock worth $14,961,768. 1.70% of the stock is owned by corporate insiders.

nVent Electric Trading Down 1.6%

Shares of NVT opened at $158.11 on Wednesday. nVent Electric PLC has a 1-year low of $63.15 and a 1-year high of $175.00. The company has a 50-day moving average of $134.70 and a 200 day moving average of $118.10. The firm has a market capitalization of $25.57 billion, a price-to-earnings ratio of 52.53, a PEG ratio of 1.52 and a beta of 1.32. 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 announced its quarterly earnings data on Friday, May 1st. The company reported $1.09 earnings per share for the quarter, beating 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 company had revenue of $1.24 billion during the quarter, compared to analyst estimates of $1.11 billion. During the same quarter last year, the business posted $0.67 EPS. The firm’s revenue for the quarter was up 53.5% on a year-over-year basis. 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, research analysts expect that nVent Electric PLC will post 4.55 EPS for the current year.

nVent Electric announced that its board has approved a stock repurchase plan on Saturday, May 16th that allows the company to repurchase $500.00 million in shares. This repurchase authorization allows 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 board believes its stock is undervalued.

nVent Electric Dividend Announcement

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

Analysts Set New Price Targets

NVT has been the subject of several analyst reports. Citigroup raised their target price on shares of nVent Electric from $152.00 to $187.00 and gave the stock a “buy” rating in a report on Tuesday, May 5th. Glj Research started coverage on shares of nVent Electric in a report on Thursday, March 5th. They issued a “buy” rating and a $151.00 target price for the company. KeyCorp lifted their price objective on shares of nVent Electric from $140.00 to $185.00 and gave the company an “overweight” rating in a report on Monday, May 4th. The Goldman Sachs Group lifted their price objective on shares of nVent Electric from $150.00 to $187.00 and gave the company a “buy” rating in a report on Monday, May 4th. Finally, Weiss Ratings lowered shares of nVent Electric from a “buy (b-)” rating to a “hold (c+)” rating in a report on Wednesday, May 6th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and a consensus target price of $184.20.

nVent Electric 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.