Goldman Sachs Group Inc. Grows Stock Position in nVent Electric PLC $NVT

Goldman Sachs Group Inc. boosted its stake in shares of nVent Electric PLC (NYSE:NVT) by 49.0% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 965,938 shares of the company’s stock after buying an additional 317,633 shares during the quarter. Goldman Sachs Group Inc.’s holdings in nVent Electric were worth $98,497,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of the stock. Geode Capital Management LLC raised its holdings in nVent Electric by 7.5% during the 4th quarter. Geode Capital Management LLC now owns 3,125,289 shares of the company’s stock valued at $318,752,000 after buying an additional 217,485 shares during the period. Norges Bank purchased a new stake in shares of nVent Electric in the fourth quarter worth approximately $245,955,000. Clark Capital Management Group Inc. lifted its stake in shares of nVent Electric by 2.4% during the 3rd quarter. Clark Capital Management Group Inc. now owns 1,830,406 shares of the company’s stock worth $180,551,000 after acquiring an additional 43,502 shares during the last quarter. Merewether Investment Management LP lifted its stake in shares of nVent Electric by 59.2% during the 3rd quarter. Merewether Investment Management LP now owns 1,699,674 shares of the company’s stock worth $167,656,000 after acquiring an additional 631,800 shares during the last quarter. Finally, Pictet Asset Management Holding SA lifted its stake in shares of nVent Electric by 3.5% during the 4th quarter. Pictet Asset Management Holding SA now owns 1,696,550 shares of the company’s stock worth $172,997,000 after acquiring an additional 57,528 shares during the last quarter. Hedge funds and other institutional investors own 90.05% of the company’s stock.

Insiders Place Their Bets

In other nVent Electric news, CAO Randolph A. Wacker sold 4,094 shares of the company’s stock in a transaction on 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 directly owned 49,873 shares in the company, valued at approximately $8,257,472.61. This represents a 7.59% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Sara E. Zawoyski sold 29,412 shares of the company’s stock in a transaction on Wednesday, May 13th. The stock was sold at an average price of $172.49, for a total value of $5,073,275.88. Following the completion of the sale, the insider owned 97,068 shares of the company’s stock, valued at $16,743,259.32. This represents a 23.25% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last ninety days, insiders sold 87,685 shares of company stock worth $14,961,768. 1.70% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on NVT shares. Roth Mkm reissued a “buy” rating and set a $185.00 price target on shares of nVent Electric in a research note on Monday, May 4th. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and set a $187.00 price target on shares of nVent Electric in a research note on Monday, May 4th. Citigroup raised their price target on nVent Electric from $152.00 to $187.00 and gave the stock a “buy” rating in a research note on Tuesday, May 5th. Sanford C. Bernstein set a $218.00 price target on nVent Electric in a research note on Tuesday. Finally, Weiss Ratings lowered nVent Electric from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Wednesday, May 6th. One investment analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Buy” and a consensus target price of $187.27.

nVent Electric Trading Down 0.2%

NVT opened at $163.56 on Wednesday. The company has a quick ratio of 1.21, a current ratio of 1.70 and a debt-to-equity ratio of 0.41. The stock’s fifty day moving average is $149.99 and its two-hundred day moving average is $124.26. The company has a market capitalization of $26.45 billion, a P/E ratio of 54.34, a PEG ratio of 1.55 and a beta of 1.35. nVent Electric PLC has a 52 week low of $67.21 and a 52 week high of $178.00.

nVent Electric (NYSE:NVT) last issued its earnings results on Friday, May 1st. The company reported $1.09 earnings per share for the quarter, topping 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 business had revenue of $1.24 billion during the quarter, compared to analysts’ expectations of $1.11 billion. During the same period in the prior year, the business earned $0.67 EPS. The business’s revenue for the quarter 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. Analysts forecast that nVent Electric PLC will post 4.55 earnings per share for the current year.

nVent Electric announced that its Board of Directors has authorized a stock buyback program on Saturday, May 16th that permits the company to repurchase $500.00 million in shares. This repurchase authorization permits the company to purchase up to 1.8% of its stock through open market purchases. Stock repurchase programs are generally a sign that the company’s management believes its shares are undervalued.

nVent Electric Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, August 7th. Shareholders of record on Friday, July 24th will be issued a $0.21 dividend. 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 currently 27.91%.

nVent Electric 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.