Fox Run Management L.L.C. Acquires New Position in nVent Electric PLC $NVT

Fox Run Management L.L.C. acquired a new stake in nVent Electric PLC (NYSE:NVT) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 11,748 shares of the company’s stock, valued at approximately $1,198,000.

A number of other hedge funds have also recently added to or reduced their stakes in NVT. Geode Capital Management LLC increased its holdings in nVent Electric by 7.5% in the fourth quarter. Geode Capital Management LLC now owns 3,125,289 shares of the company’s stock valued at $318,752,000 after buying an additional 217,485 shares in the last quarter. Norges Bank purchased a new position in nVent Electric in the fourth quarter valued at about $245,955,000. Bank of New York Mellon Corp increased its holdings in nVent Electric by 13.7% in the fourth quarter. Bank of New York Mellon Corp now owns 1,949,761 shares of the company’s stock valued at $198,817,000 after buying an additional 234,755 shares in the last quarter. Clark Capital Management Group Inc. increased its holdings in nVent Electric by 2.4% in the third quarter. Clark Capital Management Group Inc. now owns 1,830,406 shares of the company’s stock valued at $180,551,000 after buying an additional 43,502 shares in the last quarter. Finally, Merewether Investment Management LP increased its holdings in nVent Electric by 59.2% in the third quarter. Merewether Investment Management LP now owns 1,699,674 shares of the company’s stock valued at $167,656,000 after buying an additional 631,800 shares in the last quarter. Institutional investors and hedge funds own 90.05% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have issued reports on the stock. Weiss Ratings cut shares of nVent Electric from a “buy (b-)” rating to a “hold (c+)” rating in a report on Wednesday, May 6th. Royal Bank Of Canada increased their target price on shares of nVent Electric from $151.00 to $180.00 and gave the company an “outperform” rating in a report on Monday, May 4th. Zacks Research raised shares of nVent Electric from a “hold” rating to a “strong-buy” rating in a report on Monday, May 4th. KeyCorp increased their target price 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. Finally, The Goldman Sachs Group increased their target price 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. One research analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Buy” and a consensus target price of $187.27.

Insider Activity

In related news, insider Sara E. Zawoyski sold 29,412 shares of the firm’s stock in a transaction that occurred on 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 sale, the insider owned 97,068 shares in the company, valued at approximately $16,743,259.32. This trade represents a 23.25% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CAO Randolph A. Wacker sold 4,094 shares of the firm’s stock in a transaction that occurred on Monday, May 4th. The stock was sold at an average price of $165.57, for a total transaction of $677,843.58. Following the sale, the chief accounting officer owned 49,873 shares in the company, valued at approximately $8,257,472.61. This trade represents a 7.59% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 87,685 shares of company stock valued at $14,961,768 in the last 90 days. Insiders own 1.70% of the company’s stock.

nVent Electric Stock Down 0.2%

Shares of NYSE NVT opened at $163.56 on Wednesday. nVent Electric PLC has a 1 year low of $67.21 and a 1 year high of $178.00. The firm’s 50 day moving average price is $149.99 and its 200 day moving average price is $124.26. The firm has a market cap of $26.45 billion, a P/E ratio of 54.34, a price-to-earnings-growth ratio of 1.55 and a beta of 1.35. 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 (NYSE:NVT) last announced its earnings results on Friday, May 1st. The company reported $1.09 earnings per share (EPS) for the quarter, topping 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 firm had revenue of $1.24 billion for the quarter, compared to analyst estimates of $1.11 billion. During the same quarter last year, the business earned $0.67 earnings per share. nVent Electric’s 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. As a group, sell-side analysts anticipate that nVent Electric PLC will post 4.55 earnings per share for the current year.

nVent Electric Dividend Announcement

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

nVent Electric declared that its Board of Directors has authorized a share buyback plan on Saturday, May 16th that authorizes the company to repurchase $500.00 million in outstanding shares. This repurchase authorization authorizes 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 leadership believes its shares are undervalued.

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.