VIRGINIA RETIREMENT SYSTEMS ET Al Boosts Holdings in nVent Electric PLC $NVT

VIRGINIA RETIREMENT SYSTEMS ET Al raised its stake in shares of nVent Electric PLC (NYSE:NVT) by 216.7% during the 4th quarter, HoldingsChannel.com reports. The firm owned 20,900 shares of the company’s stock after acquiring an additional 14,300 shares during the quarter. VIRGINIA RETIREMENT SYSTEMS ET Al’s holdings in nVent Electric were worth $2,131,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. Fourth Dimension Wealth LLC purchased a new position in nVent Electric during the fourth quarter valued at $212,000. HighPoint Advisor Group LLC increased its position in nVent Electric by 2.8% during the fourth quarter. HighPoint Advisor Group LLC now owns 3,866 shares of the company’s stock worth $394,000 after purchasing an additional 106 shares during the last quarter. Versor Investments LP increased its position in shares of nVent Electric by 49.1% during the fourth quarter. Versor Investments LP now owns 4,487 shares of the company’s stock valued at $458,000 after acquiring an additional 1,478 shares during the last quarter. First National Advisers LLC acquired a new stake in shares of nVent Electric during the fourth quarter valued at about $2,206,000. Finally, Valeo Financial Advisors LLC grew its holdings in shares of nVent Electric by 27.0% in the fourth quarter. Valeo Financial Advisors LLC now owns 2,763 shares of the company’s stock valued at $282,000 after purchasing an additional 588 shares in the last quarter. 90.05% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of brokerages recently weighed in on NVT. Roth Mkm restated a “buy” rating and issued a $185.00 price objective on shares of nVent Electric in a report on Monday, May 4th. Weiss Ratings cut shares of nVent Electric from a “buy (b-)” rating to a “hold (c+)” rating in a report on Wednesday, May 6th. Glj Research began coverage on shares of nVent Electric in a report on Thursday, March 5th. They issued a “buy” rating and a $151.00 price objective for the company. The Goldman Sachs Group lifted their price objective 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. Finally, Evercore reiterated an “outperform” rating and issued a $190.00 price target on shares of nVent Electric in a research note on Monday, May 4th. One research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat, the company presently has an average rating of “Buy” and an average price target of $184.20.

nVent Electric Trading Down 2.8%

NYSE NVT opened at $169.10 on Friday. 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 52 week low of $63.15 and a 52 week high of $175.00. The stock has a market capitalization of $27.35 billion, a PE ratio of 56.18, a price-to-earnings-growth ratio of 1.65 and a beta of 1.32. The firm has a 50 day moving average of $132.66 and a two-hundred day moving average of $117.24.

nVent Electric (NYSE:NVT) last posted its quarterly earnings results on Friday, May 1st. The company reported $1.09 EPS for the quarter, topping the consensus estimate of $0.94 by $0.15. nVent Electric had a net margin of 11.37% and a return on equity of 16.82%. The company had revenue of $1.24 billion during the quarter, compared to analysts’ expectations of $1.11 billion. During the same quarter in the previous year, the business posted $0.67 EPS. The firm’s revenue was up 53.5% on a year-over-year basis. 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, research analysts expect that nVent Electric PLC will post 4.55 EPS for the current fiscal year.

nVent Electric Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, May 8th. Shareholders of record on Friday, April 24th were issued a dividend of $0.21 per share. This represents a $0.84 annualized dividend and a yield of 0.5%. The ex-dividend date was Friday, April 24th. nVent Electric’s payout ratio is 27.91%.

Insider Buying and Selling at nVent Electric

In other news, CAO Randolph A. Wacker sold 4,094 shares of the business’s stock in a transaction that occurred on 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 owned 49,873 shares in the company, valued at approximately $8,257,472.61. The trade was a 7.59% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Lynnette R. Heath sold 27,471 shares of the business’s stock in a transaction that occurred on Wednesday, May 6th. The stock was sold at an average price of $167.59, for a total transaction of $4,603,864.89. Following the sale, the executive vice president owned 37,089 shares of the company’s stock, valued at $6,215,745.51. This represents a 42.55% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders have sold 87,685 shares of company stock worth $14,961,768. 1.70% of the stock is owned by 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.