Pictet Asset Management Holding SA Sells 31,295 Shares of nVent Electric PLC $NVT

Pictet Asset Management Holding SA lessened its stake in nVent Electric PLC (NYSE:NVT) by 1.8% in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 1,665,255 shares of the company’s stock after selling 31,295 shares during the period. Pictet Asset Management Holding SA’s holdings in nVent Electric were worth $196,966,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of NVT. Annex Advisory Services LLC raised its position in nVent Electric by 3.0% in the fourth quarter. Annex Advisory Services LLC now owns 3,243 shares of the company’s stock worth $331,000 after purchasing an additional 94 shares in the last quarter. NewEdge Wealth LLC boosted its holdings in nVent Electric by 3.7% during the fourth quarter. NewEdge Wealth LLC now owns 2,620 shares of the company’s stock valued at $267,000 after purchasing an additional 94 shares in the last quarter. CI Investments Inc. grew its stake in shares of nVent Electric by 15.6% in the 3rd quarter. CI Investments Inc. now owns 712 shares of the company’s stock valued at $70,000 after purchasing an additional 96 shares during the period. Laird Norton Wetherby Wealth Management LLC boosted its stake in nVent Electric by 0.9% in the 3rd quarter. Laird Norton Wetherby Wealth Management LLC now owns 10,694 shares of the company’s stock valued at $1,055,000 after buying an additional 98 shares in the last quarter. Finally, NorthRock Partners LLC boosted its stake in nVent Electric by 1.9% in the 3rd quarter. NorthRock Partners LLC now owns 5,620 shares of the company’s stock valued at $554,000 after buying an additional 104 shares in the last quarter. Institutional investors own 90.05% of the company’s stock.

Insider Buying and Selling at nVent Electric

In related news, EVP Aravind Padmanabhan sold 15,942 shares of the firm’s stock in a transaction on Monday, May 11th. The stock was sold at an average price of $174.00, for a total transaction of $2,773,908.00. Following the sale, the executive vice president owned 23,243 shares of the company’s stock, valued at approximately $4,044,282. This trade represents a 40.68% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, CAO Randolph A. Wacker sold 4,094 shares of the stock in a transaction dated Monday, May 4th. The stock was sold at an average price of $165.57, for a total value of $677,843.58. Following the completion of the sale, the chief accounting officer owned 49,873 shares of the company’s stock, valued at $8,257,472.61. This trade represents a 7.59% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 87,685 shares of company stock worth $14,961,768 over the last ninety days. 1.70% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

Several research analysts have issued reports on NVT shares. Barclays increased their price objective on nVent Electric from $150.00 to $190.00 and gave the stock an “overweight” rating in a research note on Monday, May 4th. Glj Research initiated coverage on shares of nVent Electric in a research report on Thursday, March 5th. They issued a “buy” rating and a $151.00 price target on the stock. Sanford C. Bernstein set a $218.00 price objective on shares of nVent Electric and gave the stock an “outperform” rating in a research note on Tuesday, June 9th. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and issued a $187.00 target price on shares of nVent Electric in a research note on Monday, May 4th. Finally, Royal Bank Of Canada boosted their target price on nVent Electric from $151.00 to $180.00 and gave the stock an “outperform” rating in a report on Monday, May 4th. Two analysts have rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat.com, nVent Electric has an average rating of “Buy” and an average target price of $189.50.

nVent Electric Stock Down 5.0%

Shares of NYSE:NVT opened at $163.26 on Friday. The company has a debt-to-equity ratio of 0.41, a current ratio of 1.70 and a quick ratio of 1.21. The stock has a market cap of $26.40 billion, a price-to-earnings ratio of 54.24, a P/E/G ratio of 1.54 and a beta of 1.35. The company has a 50 day moving average of $161.90 and a 200-day moving average of $129.98. nVent Electric PLC has a one year low of $68.90 and a one year high of $184.64.

nVent Electric (NYSE:NVT) last announced its quarterly earnings data on Friday, May 1st. The company reported $1.09 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.94 by $0.15. nVent Electric had a net margin of 11.37% and a return on equity of 16.82%. The firm had revenue of $1.24 billion for the quarter, compared to analysts’ expectations of $1.11 billion. During the same period last year, the firm earned $0.67 earnings per share. The business’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, sell-side analysts forecast that nVent Electric PLC will post 4.55 earnings per share for the current year.

nVent Electric declared that its Board of Directors has authorized a stock buyback plan on Saturday, May 16th that authorizes the company to repurchase $500.00 million in shares. This repurchase authorization authorizes the company to buy up to 1.8% of its stock through open market purchases. Stock repurchase plans are generally a sign that the company’s board of directors believes its shares are undervalued.

nVent Electric Announces Dividend

The business also recently declared 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. The ex-dividend date of this dividend is Friday, July 24th. This represents a $0.84 dividend on an annualized basis and a dividend yield of 0.5%. nVent Electric’s dividend payout ratio is 27.91%.

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.