nVent Electric PLC $NVT Shares Sold by Artemis Investment Management LLP

Artemis Investment Management LLP reduced its holdings in shares of nVent Electric PLC (NYSE:NVT) by 22.8% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 516,997 shares of the company’s stock after selling 153,020 shares during the period. Artemis Investment Management LLP’s holdings in nVent Electric were worth $82,911,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of NVT. Elevation Wealth Partners LLC increased its stake in shares of nVent Electric by 554.5% during the second quarter. Elevation Wealth Partners LLC now owns 216 shares of the company’s stock worth $37,000 after buying an additional 183 shares during the period. MCF Advisors LLC lifted its holdings in shares of nVent Electric by 236.1% in the 2nd quarter. MCF Advisors LLC now owns 242 shares of the company’s stock valued at $41,000 after purchasing an additional 170 shares during the last quarter. Financial Consulate Inc. boosted its holdings in shares of nVent Electric by 1,431.2% in the second quarter. Financial Consulate Inc. now owns 245 shares of the company’s stock valued at $42,000 after acquiring an additional 229 shares during the period. Manchester Capital Management LLC boosted its stake in nVent Electric by 128.1% during the 4th quarter. Manchester Capital Management LLC now owns 308 shares of the company’s stock worth $31,000 after purchasing an additional 173 shares during the period. Finally, Basecamp Wealth Advisors LLC boosted its stake in shares of nVent Electric by 136.3% during the first quarter. Basecamp Wealth Advisors LLC now owns 371 shares of the company’s stock worth $44,000 after buying an additional 214 shares during the period. Hedge funds and other institutional investors own 90.05% of the company’s stock.

nVent Electric Price Performance

Shares of nVent Electric stock traded down $5.05 on Thursday, hitting $162.77. The company’s stock had a trading volume of 751,869 shares, compared to its average volume of 2,220,490. The company has a market capitalization of $26.35 billion, a P/E ratio of 44.45, a price-to-earnings-growth ratio of 0.94 and a beta of 1.35. nVent Electric PLC has a 52-week low of $93.22 and a 52-week high of $184.64. The firm has a fifty day moving average price of $159.26 and a 200-day moving average price of $154.73. The company has a quick ratio of 1.33, a current ratio of 1.80 and a debt-to-equity ratio of 0.37.

nVent Electric (NYSE:NVT) last issued its quarterly earnings data on Friday, July 31st. The company reported $1.45 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.16 by $0.29. nVent Electric had a return on equity of 18.85% and a net margin of 12.38%.The business had revenue of $1.47 billion for the quarter, compared to the consensus estimate of $1.26 billion. During the same period in the prior year, the business earned $0.86 earnings per share. The business’s revenue was up 52.8% on a year-over-year basis. nVent Electric has set its Q3 2026 guidance at 1.350-1.380 EPS and its FY 2026 guidance at 5.000-5.100 EPS. On average, equities research analysts expect that nVent Electric PLC will post 5.13 earnings per share for the current fiscal year.

nVent Electric Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, November 6th. Stockholders of record on Friday, October 23rd will be given a $0.21 dividend. The ex-dividend date of this dividend is Friday, October 23rd. This represents a $0.84 dividend on an annualized basis and a dividend yield of 0.5%. nVent Electric’s payout ratio is currently 22.95%.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on NVT shares. Sanford C. Bernstein reaffirmed an “outperform” rating on shares of nVent Electric in a report on Friday, October 2nd. Clear Str raised shares of nVent Electric to a “strong-buy” rating in a research note on Monday, July 13th. Weiss Ratings downgraded shares of nVent Electric from a “buy (b)” rating to a “buy (b-)” rating in a research report on Monday, August 31st. Seaport Research Partners restated a “buy” rating and issued a $215.00 target price on shares of nVent Electric in a research note on Monday, August 3rd. Finally, Melius Research assumed coverage on shares of nVent Electric in a research note on Tuesday, June 16th. They issued a “buy” rating and a $214.00 target price for the company. Two research analysts have rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat, the company has an average rating of “Buy” and a consensus target price of $199.50.

Insider Activity

In other nVent Electric news, insider Der Kolk Robert J. Van sold 5,858 shares of the firm’s stock in a transaction dated Monday, August 10th. The stock was sold at an average price of $164.32, for a total value of $962,586.56. Following the sale, the insider directly owned 27,387 shares of the company’s stock, valued at approximately $4,500,231.84. This trade represents a 17.62% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CAO Randolph A. Wacker sold 22,525 shares of the firm’s stock in a transaction that occurred on Wednesday, August 5th. The stock was sold at an average price of $164.62, for a total transaction of $3,708,065.50. Following the completion of the sale, the chief accounting officer directly owned 27,441 shares in the company, valued at $4,517,337.42. This represents a 45.08% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 74,644 shares of company stock valued at $12,276,886 over the last quarter. Company insiders own 1.70% of the company’s stock.

About nVent Electric

nVent Electric plc is a global provider of electrical connection and protection solutions. The company designs and manufactures products that help protect, connect and manage electrical, electronic and critical infrastructure systems in industrial, commercial, data center, energy, transportation and other applications.

Its portfolio includes electrical and electronic enclosures, cable management systems, fastening and support products, grounding and bonding solutions, busbar and power distribution equipment, surge protection products, and thermal management systems.