Lombard Odier Asset Management Europe Ltd Sells 85,568 Shares of nVent Electric PLC $NVT

Lombard Odier Asset Management Europe Ltd lowered its stake in shares of nVent Electric PLC (NYSE:NVT) by 54.4% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 71,722 shares of the company’s stock after selling 85,568 shares during the quarter. Lombard Odier Asset Management Europe Ltd’s holdings in nVent Electric were worth $7,313,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of NVT. TABR Capital Management LLC acquired a new stake in shares of nVent Electric during the 4th quarter valued at $3,284,000. Kestra Private Wealth Services LLC acquired a new position in nVent Electric during the 4th quarter worth approximately $599,000. Holocene Advisors LP bought a new stake in shares of nVent Electric during the 3rd quarter worth $151,265,000. Kingsview Wealth Management LLC grew its stake in shares of nVent Electric by 499.7% during the 3rd quarter. Kingsview Wealth Management LLC now owns 45,468 shares of the company’s stock worth $4,485,000 after acquiring an additional 37,886 shares during the period. Finally, Trivium Point Advisory LLC purchased a new stake in shares of nVent Electric during the 3rd quarter valued at approximately $3,326,000. Institutional investors own 90.05% of the company’s stock.

nVent Electric Stock Down 0.8%

Shares of NYSE:NVT opened at $167.57 on Wednesday. The company has a current ratio of 1.70, a quick ratio of 1.21 and a debt-to-equity ratio of 0.41. The company has a 50-day moving average price of $154.70 and a 200 day moving average price of $126.42. The company has a market cap of $27.10 billion, a price-to-earnings ratio of 55.67, a PEG ratio of 1.60 and a beta of 1.35. nVent Electric PLC has a 12 month low of $68.60 and a 12 month high of $178.00.

nVent Electric (NYSE:NVT) last issued its earnings results 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 net margin of 11.37% and a return on equity of 16.82%. The business had revenue of $1.24 billion for the quarter, compared to analyst estimates of $1.11 billion. During the same period last year, the company posted $0.67 earnings per share. The company’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. As a group, equities research analysts predict 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 permits the company to repurchase $500.00 million in shares. This repurchase authorization permits the company to repurchase up to 1.8% of its stock through open market purchases. Stock repurchase plans are typically an indication that the company’s leadership believes its shares are undervalued.

nVent Electric Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, August 7th. Shareholders of record on Friday, July 24th will be given 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 yield of 0.5%. nVent Electric’s payout ratio is 27.91%.

Insiders Place Their Bets

In other nVent Electric news, CAO Randolph A. Wacker sold 4,094 shares of the stock in a transaction dated Monday, May 4th. The shares were sold at an average price of $165.57, for a total transaction of $677,843.58. Following the completion of the sale, the chief accounting officer directly owned 49,873 shares of the company’s stock, valued at approximately $8,257,472.61. This represents a 7.59% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, insider Sara E. Zawoyski sold 29,412 shares of the firm’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 in the company, valued at $16,743,259.32. This represents a 23.25% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders sold 87,685 shares of company stock worth $14,961,768. 1.70% of the stock is owned by company insiders.

Analyst Ratings Changes

A number of research firms have recently commented on NVT. Deutsche Bank Aktiengesellschaft restated a “buy” rating and issued a $187.00 price objective on shares of nVent Electric in a research report on Monday, May 4th. Roth Mkm restated a “buy” rating and set a $185.00 target price on shares of nVent Electric in a research report on Monday, May 4th. UBS Group reaffirmed a “buy” rating on shares of nVent Electric in a report on Thursday, June 11th. Sanford C. Bernstein set a $218.00 price objective on shares of nVent Electric and gave the stock an “outperform” rating in a report on Tuesday, June 9th. Finally, Evercore restated an “outperform” rating and set a $190.00 target price on shares of nVent Electric in a report on Monday, May 4th. Two investment analysts have rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Buy” and a consensus target price of $189.50.

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.