Flputnam Investment Management Co. Acquires 9,570 Shares of nVent Electric PLC $NVT

Flputnam Investment Management Co. raised its holdings in nVent Electric PLC (NYSE:NVT) by 16.9% in the 4th quarter, HoldingsChannel reports. The firm owned 66,297 shares of the company’s stock after purchasing an additional 9,570 shares during the quarter. Flputnam Investment Management Co.’s holdings in nVent Electric were worth $6,760,000 at the end of the most recent reporting period.

Several other institutional investors have also recently bought and sold shares of NVT. AQR Capital Management LLC increased its stake in shares of nVent Electric by 33.1% in the 1st quarter. AQR Capital Management LLC now owns 94,968 shares of the company’s stock valued at $4,841,000 after buying an additional 23,606 shares during the period. Jones Financial Companies Lllp increased its stake in shares of nVent Electric by 575.6% in the 1st quarter. Jones Financial Companies Lllp now owns 8,803 shares of the company’s stock valued at $461,000 after buying an additional 7,500 shares during the period. Geneos Wealth Management Inc. increased its stake in shares of nVent Electric by 436.0% in the 1st quarter. Geneos Wealth Management Inc. now owns 1,072 shares of the company’s stock valued at $56,000 after buying an additional 872 shares during the period. Marshall Wace LLP increased its stake in shares of nVent Electric by 31.8% in the 2nd quarter. Marshall Wace LLP now owns 41,061 shares of the company’s stock valued at $3,008,000 after buying an additional 9,898 shares during the period. Finally, Cresset Asset Management LLC increased its stake in shares of nVent Electric by 57.7% in the 2nd quarter. Cresset Asset Management LLC now owns 8,136 shares of the company’s stock valued at $596,000 after buying an additional 2,977 shares during the period. Institutional investors own 90.05% of the company’s stock.

nVent Electric Stock Down 0.7%

Shares of nVent Electric stock opened at $168.05 on Thursday. The company has a quick ratio of 1.21, a current ratio of 1.70 and a debt-to-equity ratio of 0.41. nVent Electric PLC has a 12 month low of $63.60 and a 12 month high of $175.00. The business has a fifty day simple moving average of $141.33 and a 200 day simple moving average of $120.42. The stock has a market cap of $27.18 billion, a PE ratio of 55.83, a price-to-earnings-growth ratio of 1.60 and a beta of 1.32.

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

nVent Electric Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, August 7th. Investors of record on Friday, July 24th will be paid a dividend of $0.21 per share. The ex-dividend date of this dividend is Friday, July 24th. This represents a $0.84 dividend on an annualized basis and a dividend yield of 0.5%. nVent Electric’s payout ratio is 27.91%.

nVent Electric declared that its board has authorized a stock buyback program on Saturday, May 16th that allows the company to buyback $500.00 million in outstanding shares. This buyback authorization allows the company to purchase up to 1.8% of its stock through open market purchases. Stock buyback programs are typically an indication that the company’s management believes its stock is undervalued.

Analyst Ratings Changes

Several equities research analysts have recently commented on NVT shares. The Goldman Sachs Group lifted their target price on nVent Electric from $150.00 to $187.00 and gave the company a “buy” rating in a research note on Monday, May 4th. Evercore reissued an “outperform” rating and issued a $190.00 target price on shares of nVent Electric in a research note on Monday, May 4th. Weiss Ratings cut nVent Electric from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Wednesday, May 6th. UBS Group lifted their target price on nVent Electric from $164.00 to $200.00 and gave the company a “buy” rating in a research note on Monday, May 4th. Finally, Royal Bank Of Canada lifted their target price on nVent Electric from $151.00 to $180.00 and gave the company an “outperform” rating in a research note on Monday, May 4th. One analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat, nVent Electric currently has an average rating of “Buy” and an average price target of $184.20.

Insider Buying and Selling at nVent Electric

In related news, CMO Martha Claire Bennett sold 3,778 shares of nVent Electric stock in a transaction on Monday, May 11th. The stock was sold at an average price of $170.00, for a total transaction of $642,260.00. Following the completion of the sale, the chief marketing officer directly owned 225 shares of the company’s stock, valued at $38,250. The trade was a 94.38% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP Lynnette R. Heath sold 27,471 shares of nVent Electric stock in a transaction on Wednesday, May 6th. The stock was sold at an average price of $167.59, for a total value of $4,603,864.89. Following the sale, the executive vice president directly owned 37,089 shares of the company’s stock, valued at approximately $6,215,745.51. This trade represents a 42.55% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 87,685 shares of company stock valued at $14,961,768 over the last quarter. 1.70% of the stock is owned by corporate insiders.

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.