Navellier & Associates Inc. Purchases 46,451 Shares of nVent Electric PLC $NVT

Navellier & Associates Inc. boosted its stake in shares of nVent Electric PLC (NYSE:NVT) by 113.0% during the 2nd quarter, HoldingsChannel reports. The fund owned 87,573 shares of the company’s stock after purchasing an additional 46,451 shares during the period. nVent Electric accounts for about 1.2% of Navellier & Associates Inc.’s holdings, making the stock its 15th largest position. Navellier & Associates Inc.’s holdings in nVent Electric were worth $14,853,000 as of its most recent SEC filing.

A number of other hedge funds have also bought and sold shares of the company. Hsbc Holdings PLC grew its holdings in nVent Electric by 3.3% during the 2nd quarter. Hsbc Holdings PLC now owns 51,335 shares of the company’s stock valued at $8,584,000 after purchasing an additional 1,654 shares during the last quarter. Wellington Management Group LLP lifted its stake in nVent Electric by 103.0% in the second quarter. Wellington Management Group LLP now owns 107,780 shares of the company’s stock worth $18,281,000 after purchasing an additional 54,680 shares during the last quarter. Archer Investment Corp bought a new position in nVent Electric in the 2nd quarter valued at $345,000. Public Employees Retirement System of Ohio bought a new position in shares of nVent Electric in the second quarter worth about $13,700,000. Finally, Globeflex Capital L P purchased a new position in shares of nVent Electric during the second quarter worth approximately $5,666,000. Institutional investors own 90.05% of the company’s stock.

nVent Electric Price Performance

NYSE:NVT opened at $149.00 on Friday. 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 PLC has a 52 week low of $87.16 and a 52 week high of $184.64. The stock’s 50-day moving average price is $159.15 and its 200-day moving average price is $145.80. The stock has a market capitalization of $24.12 billion, a PE ratio of 40.71, a price-to-earnings-growth ratio of 1.31 and a beta of 1.37.

nVent Electric (NYSE:NVT) last released its quarterly earnings results on Friday, July 31st. The company reported $1.45 earnings per share for the quarter, topping analysts’ consensus estimates of $1.16 by $0.29. The company had revenue of $1.47 billion during the quarter, compared to analysts’ expectations of $1.26 billion. nVent Electric had a return on equity of 18.85% and a net margin of 12.38%.nVent Electric’s quarterly revenue was up 52.8% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.86 EPS. 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. As a group, equities analysts expect that nVent Electric PLC will post 5.13 EPS for the current fiscal year.

nVent Electric declared that its board has initiated a stock buyback plan on Saturday, May 16th that authorizes the company to buyback $500.00 million in outstanding shares. This buyback authorization authorizes the company to purchase up to 1.8% of its shares through open market purchases. Shares buyback plans are usually an indication that the company’s leadership believes its stock is undervalued.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on NVT. Wall Street Zen upgraded shares of nVent Electric from a “buy” rating to a “strong-buy” rating in a report on Sunday, June 21st. UBS Group restated a “buy” rating on shares of nVent Electric in a research note on Tuesday. KeyCorp increased their price objective on shares of nVent Electric from $140.00 to $185.00 and gave the stock an “overweight” rating in a research note on Monday, May 4th. The Goldman Sachs Group restated a “buy” rating and issued a $200.00 price objective on shares of nVent Electric in a research report on Saturday, August 1st. Finally, Barclays lifted their target price on shares of nVent Electric from $150.00 to $190.00 and gave the company an “overweight” rating in a report on Monday, May 4th. Three research analysts have rated the stock with a Strong Buy rating and fourteen have given a Buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Buy” and a consensus price target of $199.86.

Insider Activity

In other news, CEO Beth Wozniak sold 46,261 shares of the stock in a transaction that occurred on Wednesday, August 5th. The stock was sold at an average price of $164.42, for a total transaction of $7,606,233.62. Following the transaction, the chief executive officer owned 55,612 shares in the company, valued at $9,143,725.04. This trade represents a 45.41% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Der Kolk Robert J. Van sold 5,858 shares of nVent Electric stock in a transaction on Monday, August 10th. The shares were sold at an average price of $164.32, for a total transaction of $962,586.56. Following the completion of the sale, the insider directly owned 27,387 shares in the company, valued at $4,500,231.84. This represents a 17.62% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 74,644 shares of company stock worth $12,276,886 over the last three months. 1.70% of the stock is currently owned by corporate 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.