Dorsey & Whitney Trust CO LLC Lowers Stock Position in nVent Electric PLC $NVT

Dorsey & Whitney Trust CO LLC reduced its stake in nVent Electric PLC (NYSE:NVT) by 4.4% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 84,605 shares of the company’s stock after selling 3,884 shares during the quarter. Dorsey & Whitney Trust CO LLC’s holdings in nVent Electric were worth $8,627,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also bought and sold shares of the company. Manchester Capital Management LLC raised its stake in nVent Electric by 128.1% in the fourth quarter. Manchester Capital Management LLC now owns 308 shares of the company’s stock valued at $31,000 after purchasing an additional 173 shares in the last quarter. Cullen Frost Bankers Inc. purchased a new position in shares of nVent Electric during the fourth quarter worth approximately $32,000. Advisory Services Network LLC purchased a new position in shares of nVent Electric during the third quarter worth approximately $35,000. Elyxium Wealth LLC purchased a new position in shares of nVent Electric during the fourth quarter worth approximately $36,000. Finally, Headlands Technologies LLC raised its stake in shares of nVent Electric by 522.9% during the second quarter. Headlands Technologies LLC now owns 517 shares of the company’s stock worth $38,000 after acquiring an additional 434 shares in the last quarter. 90.05% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research analysts have commented on the stock. Evercore reissued an “outperform” rating and set a $190.00 price target on shares of nVent Electric in a research note on Monday, May 4th. Barclays lifted their price target on shares of nVent Electric from $150.00 to $190.00 and gave the stock an “overweight” rating in a research note on Monday, May 4th. UBS Group lifted their price target on shares of nVent Electric from $164.00 to $200.00 and gave the stock a “buy” rating in a research note on Monday, May 4th. The Goldman Sachs Group lifted their price target on shares of nVent Electric from $150.00 to $187.00 and gave the stock a “buy” rating in a research note on Monday, May 4th. Finally, KeyCorp lifted their price target on shares of nVent Electric from $140.00 to $185.00 and gave the stock an “overweight” rating in a research note on Monday, May 4th. One equities research analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat.com, nVent Electric has a consensus rating of “Buy” and an average target price of $187.27.

Insider Buying and Selling

In related news, CAO Randolph A. Wacker sold 4,094 shares of nVent Electric stock in a transaction on Monday, May 4th. The shares were sold at an average price of $165.57, for a total value of $677,843.58. Following the transaction, the chief accounting officer directly owned 49,873 shares of the company’s stock, valued at $8,257,472.61. The trade was a 7.59% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, EVP Lynnette R. Heath sold 27,471 shares of nVent Electric stock in a transaction 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 completion of the transaction, the executive vice president directly owned 37,089 shares in the company, valued at approximately $6,215,745.51. The trade was a 42.55% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 87,685 shares of company stock valued at $14,961,768 over the last quarter. Company insiders own 1.70% of the company’s stock.

nVent Electric Stock Down 4.3%

Shares of NYSE NVT opened at $156.68 on Thursday. 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 $67.40 and a 52 week high of $178.00. The firm’s fifty day moving average is $150.87 and its 200 day moving average is $124.65. The company has a market cap of $25.34 billion, a price-to-earnings ratio of 52.05, a PEG ratio of 1.55 and a beta of 1.35.

nVent Electric (NYSE:NVT) last issued its 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 for the quarter, compared to the consensus estimate of $1.11 billion. During the same period in the previous year, the firm earned $0.67 earnings per share. The firm’s revenue for the quarter 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. On average, equities research analysts expect that nVent Electric PLC will post 4.55 earnings per share for the current year.

nVent Electric Announces Dividend

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 paid a $0.21 dividend. This represents a $0.84 annualized dividend and a dividend yield of 0.5%. The ex-dividend date of this dividend is Friday, July 24th. nVent Electric’s payout ratio is presently 27.91%.

nVent Electric announced that its board has authorized a stock repurchase 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 typically an indication that the company’s leadership believes its stock is undervalued.

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.