nVent Electric PLC $NVT Shares Sold by TD Waterhouse Canada Inc.

TD Waterhouse Canada Inc. decreased its position in shares of nVent Electric PLC (NYSE:NVT) by 71.5% during the 3rd quarter, Holdings Channel.com reports. The fund owned 2,596 shares of the company’s stock after selling 6,509 shares during the period. TD Waterhouse Canada Inc.’s holdings in nVent Electric were worth $431,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also modified their holdings of NVT. State Street Corp increased its stake in nVent Electric by 4.9% in the 2nd quarter. State Street Corp now owns 5,313,122 shares of the company’s stock valued at $901,159,000 after purchasing an additional 250,248 shares in the last quarter. Bank of New York Mellon Corp raised its holdings in nVent Electric by 3.5% during the first quarter. Bank of New York Mellon Corp now owns 2,018,579 shares of the company’s stock worth $238,758,000 after purchasing an additional 68,818 shares during the last quarter. First Trust Advisors LP raised its holdings in nVent Electric by 32.8% during the first quarter. First Trust Advisors LP now owns 1,696,369 shares of the company’s stock worth $200,647,000 after purchasing an additional 419,239 shares during the last quarter. Amundi raised its holdings in nVent Electric by 146.8% during the first quarter. Amundi now owns 1,092,802 shares of the company’s stock worth $129,257,000 after purchasing an additional 649,992 shares during the last quarter. Finally, Swedbank AB boosted its position in nVent Electric by 46.8% during the first quarter. Swedbank AB now owns 854,040 shares of the company’s stock worth $101,016,000 after purchasing an additional 272,379 shares in the last quarter. Institutional investors and hedge funds own 90.05% of the company’s stock.

Insiders Place Their Bets

In other news, CEO Beth Wozniak sold 46,261 shares of the business’s stock in a transaction on Wednesday, August 5th. The shares were sold at an average price of $164.42, for a total transaction of $7,606,233.62. Following the completion of the sale, the chief executive officer directly owned 55,612 shares of the company’s stock, valued at $9,143,725.04. The trade was a 45.41% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CAO Randolph A. Wacker sold 22,525 shares of the company’s stock in a transaction on Wednesday, August 5th. The stock was sold at an average price of $164.62, for a total value of $3,708,065.50. Following the sale, the chief accounting officer owned 27,441 shares of the company’s stock, valued at approximately $4,517,337.42. The trade was a 45.08% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 74,644 shares of company stock valued at $12,276,886 over the last quarter. Company insiders own 1.70% of the company’s stock.

nVent Electric Stock Down 1.8%

Shares of NYSE NVT opened at $125.42 on Friday. nVent Electric PLC has a 1 year low of $93.22 and a 1 year high of $184.64. The firm’s 50 day moving average price is $155.70 and its 200 day moving average price is $156.88. The firm has a market cap of $20.30 billion, a P/E ratio of 34.27, a price-to-earnings-growth ratio of 0.69 and a beta of 1.35. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.33 and a current ratio of 1.80.

nVent Electric (NYSE:NVT) last released its earnings results on Friday, July 31st. The company reported $1.45 earnings per share for the quarter, topping the consensus estimate of $1.16 by $0.29. The firm had revenue of $1.47 billion for the quarter, compared to the consensus estimate of $1.26 billion. nVent Electric had a return on equity of 18.85% and a net margin of 12.38%. The firm’s revenue for the quarter was up 52.8% compared to the same quarter last year. During the same period in the prior year, the business posted $0.86 earnings per share. 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. As a group, sell-side analysts anticipate that nVent Electric PLC will post 5.13 earnings per share for the current year.

nVent Electric Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, November 6th. Shareholders of record on Friday, October 23rd will be paid a dividend of $0.21 per share. The ex-dividend date of this dividend is Friday, October 23rd. This represents a $0.84 dividend on an annualized basis and a yield of 0.7%. nVent Electric’s dividend payout ratio (DPR) is currently 22.95%.

Analyst Ratings Changes

Several research firms have weighed in on NVT. Zacks Research lowered nVent Electric from a “strong-buy” rating to a “hold” rating in a report on Friday, October 2nd. Wolfe Research reaffirmed an “outperform” rating and set a $191.00 price target on shares of nVent Electric in a research note on Thursday, July 9th. Citigroup lifted their price target on nVent Electric from $215.00 to $228.00 and gave the stock a “buy” rating in a research note on Monday, October 12th. Wells Fargo & Company began coverage on shares of nVent Electric in a research report on Thursday, September 24th. They issued an “equal weight” rating and a $182.00 price objective on the stock. Finally, Wall Street Zen cut shares of nVent Electric from a “strong-buy” rating to a “buy” rating in a research note on Saturday, October 17th. Two research analysts have rated the stock with a Strong Buy rating, sixteen have issued a Buy rating and two have given a Hold rating to the stock. According to MarketBeat.com, the stock has an average rating of “Buy” and a consensus target price of $198.82.

About nVent Electric

nVent Electric plc is a global provider of electrical connection, protection and management solutions. The company designs and manufactures products that help protect electrical and electronic systems, manage heat, and support the installation and operation of critical infrastructure.

Its products include electrical and electronic enclosures, industrial cooling and thermal-management systems, cable management and fastening solutions, grounding and bonding equipment, busway and power-distribution products, and related connection technologies.