Pacer Advisors Inc. Buys 10,315 Shares of nVent Electric PLC $NVT

Pacer Advisors Inc. grew its stake in nVent Electric PLC (NYSE:NVT) by 25.5% during the 1st quarter, HoldingsChannel.com reports. The firm owned 50,731 shares of the company’s stock after buying an additional 10,315 shares during the period. Pacer Advisors Inc.’s holdings in nVent Electric were worth $6,000,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds also recently made changes to their positions in the company. Empowered Funds LLC lifted its stake in shares of nVent Electric by 198.2% in the first quarter. Empowered Funds LLC now owns 6,689 shares of the company’s stock valued at $791,000 after buying an additional 4,446 shares during the period. Lombard Odier Asset Management Europe Ltd increased its stake in nVent Electric by 0.8% during the first quarter. Lombard Odier Asset Management Europe Ltd now owns 72,303 shares of the company’s stock valued at $8,552,000 after acquiring an additional 581 shares during the period. DV Trading LLC bought a new position in nVent Electric during the first quarter valued at about $248,000. Parallel Advisors LLC raised its holdings in nVent Electric by 13.2% in the 1st quarter. Parallel Advisors LLC now owns 3,190 shares of the company’s stock valued at $377,000 after acquiring an additional 373 shares in the last quarter. Finally, NewEdge Advisors LLC raised its holdings in nVent Electric by 47.2% in the 1st quarter. NewEdge Advisors LLC now owns 45,341 shares of the company’s stock valued at $5,363,000 after acquiring an additional 14,539 shares in the last quarter. Institutional investors own 90.05% of the company’s stock.

Insider Transactions at nVent Electric

In related news, CMO Martha Claire Bennett sold 3,778 shares of nVent Electric stock in a transaction dated Monday, May 11th. The shares were sold at an average price of $170.00, for a total transaction of $642,260.00. Following the completion of the transaction, the chief marketing officer directly owned 225 shares of the company’s stock, valued at $38,250. This trade represents a 94.38% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP Aravind Padmanabhan sold 15,942 shares of the business’s stock in a transaction dated Monday, May 11th. The shares were sold at an average price of $174.00, for a total transaction of $2,773,908.00. Following the completion of the transaction, the executive vice president owned 23,243 shares in the company, valued at approximately $4,044,282. This trade represents a 40.68% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders have sold 49,132 shares of company stock valued at $8,489,444. 1.70% of the stock is owned by insiders.

Analysts Set New Price Targets

Several brokerages have recently weighed in on NVT. Seaport Research Partners reissued a “buy” rating and set a $215.00 price objective on shares of nVent Electric in a report on Monday. Barclays boosted their price target on shares of nVent Electric from $150.00 to $190.00 and gave the company an “overweight” rating in a report on Monday, May 4th. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and set a $187.00 price objective on shares of nVent Electric in a report on Monday, May 4th. The Goldman Sachs Group reiterated a “buy” rating and set a $200.00 target price on shares of nVent Electric in a research report on Saturday, August 1st. Finally, Zacks Research raised shares of nVent Electric from a “hold” rating to a “strong-buy” rating in a research note on Monday, May 4th. Three equities research analysts have rated the stock with a Strong Buy rating and fourteen have given a Buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Buy” and a consensus price target of $198.79.

nVent Electric Price Performance

nVent Electric stock opened at $162.26 on Thursday. The business has a 50 day simple moving average of $161.66 and a 200 day simple moving average of $140.29. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.80 and a quick ratio of 1.33. The company has a market capitalization of $26.26 billion, a PE ratio of 44.33, a price-to-earnings-growth ratio of 1.36 and a beta of 1.37. nVent Electric PLC has a one year low of $85.72 and a one year high of $184.64.

nVent Electric (NYSE:NVT) last announced its quarterly earnings results on Friday, July 31st. The company reported $1.45 earnings per share for the quarter, beating analysts’ consensus estimates of $1.16 by $0.29. nVent Electric had a return on equity of 18.85% and a net margin of 12.38%.The firm had revenue of $1.47 billion for the quarter, compared to analysts’ expectations of $1.26 billion. During the same period in the prior year, the business posted $0.86 earnings per share. The business’s revenue was up 52.8% compared to the same quarter last year. nVent Electric has set its Q3 2026 guidance at 1.350-1.380 EPS and its FY 2026 guidance at 5.000-5.100 EPS. On average, sell-side analysts forecast that nVent Electric PLC will post 5.13 EPS for the current fiscal year.

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

nVent Electric Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, August 7th. Stockholders of record on Friday, July 24th will be paid a $0.21 dividend. This represents a $0.84 annualized dividend and a dividend yield of 0.5%. The ex-dividend date is Friday, July 24th. nVent Electric’s payout ratio is currently 22.95%.

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.