Gotham Asset Management LLC Purchases 60,049 Shares of nVent Electric PLC $NVT

Gotham Asset Management LLC lifted its position in nVent Electric PLC (NYSE:NVT) by 11.8% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 570,862 shares of the company’s stock after buying an additional 60,049 shares during the period. Gotham Asset Management LLC’s holdings in nVent Electric were worth $58,211,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently bought and sold shares of NVT. TABR Capital Management LLC purchased a new position in nVent Electric during the 4th quarter worth $3,284,000. Kestra Private Wealth Services LLC purchased a new stake in nVent Electric in the fourth quarter valued at about $599,000. Holocene Advisors LP purchased a new stake in nVent Electric in the third quarter valued at about $151,265,000. Kingsview Wealth Management LLC boosted its holdings in nVent Electric by 499.7% in the third 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 in the last quarter. Finally, Trivium Point Advisory LLC acquired a new stake in nVent Electric in the third quarter worth about $3,326,000. Hedge funds and other institutional investors own 90.05% of the company’s stock.

Analysts Set New Price Targets

Several research firms have recently issued reports on NVT. Melius Research initiated coverage on shares of nVent Electric in a report on Tuesday. They set a “buy” rating and a $214.00 price objective on the stock. Sanford C. Bernstein set a $218.00 target price on shares of nVent Electric and gave the stock an “outperform” rating in a research report on Tuesday, June 9th. Weiss Ratings lowered shares of nVent Electric from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Wednesday, May 6th. UBS Group reiterated a “buy” rating on shares of nVent Electric in a research note on Thursday, June 11th. Finally, Deutsche Bank Aktiengesellschaft reissued a “buy” rating and set a $187.00 price objective on shares of nVent Electric in a report on Monday, May 4th. Two analysts have rated the stock with a Strong Buy rating, twelve have issued a Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Buy” and a consensus target price of $189.50.

nVent Electric Price Performance

NYSE:NVT opened at $171.36 on Thursday. The firm’s fifty day moving average is $155.78 and its two-hundred day moving average is $126.88. The firm has a market cap of $27.71 billion, a price-to-earnings ratio of 56.93, a PEG ratio of 1.59 and a beta of 1.35. The company has a debt-to-equity ratio of 0.41, a quick ratio of 1.21 and a current ratio of 1.70. nVent Electric PLC has a one year low of $68.60 and a one year high of $178.00.

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

nVent Electric Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, August 7th. Shareholders of record on Friday, July 24th will be given a $0.21 dividend. This represents a $0.84 annualized dividend and a yield of 0.5%. The ex-dividend date is Friday, July 24th. nVent Electric’s dividend payout ratio is currently 27.91%.

nVent Electric declared that its Board of Directors has initiated a share repurchase program on Saturday, May 16th that allows the company to buyback $500.00 million in outstanding shares. This buyback authorization allows the company to reacquire up to 1.8% of its stock through open market purchases. Stock buyback programs are typically a sign that the company’s management believes its stock is undervalued.

Insider Buying and Selling at nVent Electric

In other news, EVP Lynnette R. Heath sold 27,471 shares of nVent Electric stock in a transaction that occurred on Wednesday, May 6th. The shares were 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 of the company’s stock, valued at $6,215,745.51. The trade was a 42.55% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Sara E. Zawoyski sold 29,412 shares of the stock in a transaction on Wednesday, May 13th. The stock was sold at an average price of $172.49, for a total transaction of $5,073,275.88. Following the sale, the insider directly owned 97,068 shares in the company, valued at $16,743,259.32. This trade represents a 23.25% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last ninety days, insiders have sold 87,685 shares of company stock worth $14,961,768. 1.70% of the stock is currently 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.