nVent Electric PLC $NVT Shares Sold by Copeland Capital Management LLC

Copeland Capital Management LLC lowered its holdings in nVent Electric PLC (NYSE:NVT) by 2.6% during the first quarter, according to the company in its most recent filing with the SEC. The fund owned 274,841 shares of the company’s stock after selling 7,237 shares during the quarter. Copeland Capital Management LLC’s holdings in nVent Electric were worth $32,508,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in NVT. Assetmark Inc. boosted its holdings in nVent Electric by 17.3% in the first quarter. Assetmark Inc. now owns 7,988 shares of the company’s stock valued at $945,000 after purchasing an additional 1,177 shares in the last quarter. Avalon Trust Co raised its holdings in nVent Electric by 0.4% during the first quarter. Avalon Trust Co now owns 85,111 shares of the company’s stock worth $10,067,000 after purchasing an additional 346 shares in the last quarter. Allspring Global Investments Holdings LLC lifted its position in shares of nVent Electric by 20.8% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 67,789 shares of the company’s stock worth $8,220,000 after buying an additional 11,658 shares during the last quarter. RFG Bristol Wealth Advisors LLC purchased a new stake in shares of nVent Electric during the 1st quarter worth approximately $257,000. Finally, Bank of New York Mellon Corp boosted its holdings in shares of nVent Electric by 3.5% in the 1st quarter. Bank of New York Mellon Corp now owns 2,018,579 shares of the company’s stock valued at $238,758,000 after buying an additional 68,818 shares in the last quarter. Institutional investors and hedge funds own 90.05% of the company’s stock.

Insider Activity

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 in the company, valued at $8,257,472.61. This trade represents a 7.59% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, CMO Martha Claire Bennett sold 3,778 shares of the business’s stock in a transaction on Monday, May 11th. The shares were sold at an average price of $170.00, for a total transaction of $642,260.00. Following the completion of the transaction, the chief marketing officer directly owned 225 shares in the company, valued at $38,250. This represents a 94.38% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last quarter, insiders sold 87,685 shares of company stock valued at $14,961,768. 1.70% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on the stock. Wall Street Zen raised shares of nVent Electric from a “buy” rating to a “strong-buy” rating in a research report on Sunday, June 21st. Barclays raised their price objective on nVent Electric from $150.00 to $190.00 and gave the stock an “overweight” rating in a report on Monday, May 4th. Clear Str upgraded nVent Electric to a “strong-buy” rating in a research report on Monday, July 13th. Robert W. Baird assumed coverage on nVent Electric in a report on Wednesday. They issued an “outperform” rating and a $188.00 target price for the company. Finally, KeyCorp upped their target price on nVent Electric from $140.00 to $185.00 and gave the company an “overweight” rating in a research report on Monday, May 4th. Four investment 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. According to data from MarketBeat, the company has a consensus rating of “Buy” and a consensus target price of $190.57.

nVent Electric Stock Performance

NYSE NVT opened at $154.88 on Friday. The firm has a market cap of $25.05 billion, a P/E ratio of 51.45, a P/E/G ratio of 1.45 and a beta of 1.36. nVent Electric PLC has a 52-week low of $73.05 and a 52-week high of $184.64. The business’s 50-day moving average price is $165.24 and its 200 day moving average price is $135.69. 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 (NYSE:NVT) last posted its quarterly earnings data on Friday, May 1st. The company reported $1.09 EPS for the quarter, beating the consensus estimate of $0.94 by $0.15. nVent Electric had a return on equity of 16.82% and a net margin of 11.37%.The firm had revenue of $1.24 billion during the quarter, compared to the consensus estimate of $1.11 billion. During the same period in the prior year, the business earned $0.67 EPS. The firm’s revenue was up 53.5% compared to the same quarter last year. 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 4.56 earnings per share for the current year.

nVent Electric announced that its Board of Directors has approved a share buyback plan on Saturday, May 16th that permits the company to repurchase $500.00 million in shares. This repurchase authorization permits the company to reacquire up to 1.8% of its stock through open market purchases. Stock repurchase plans are usually an indication that the company’s leadership believes its shares are undervalued.

nVent Electric Dividend Announcement

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

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.