nVent Electric PLC $NVT Shares Bought by Geode Capital Management LLC

Geode Capital Management LLC boosted its holdings in shares of nVent Electric PLC (NYSE:NVT) by 7.5% in the fourth quarter, HoldingsChannel.com reports. The fund owned 3,125,289 shares of the company’s stock after buying an additional 217,485 shares during the quarter. Geode Capital Management LLC’s holdings in nVent Electric were worth $318,752,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. AQR Capital Management LLC raised its position in shares of nVent Electric by 33.1% in the first quarter. AQR Capital Management LLC now owns 94,968 shares of the company’s stock valued at $4,841,000 after buying an additional 23,606 shares during the last quarter. Jones Financial Companies Lllp raised its position in shares of nVent Electric by 575.6% in the first quarter. Jones Financial Companies Lllp now owns 8,803 shares of the company’s stock valued at $461,000 after buying an additional 7,500 shares during the last quarter. Geneos Wealth Management Inc. raised its position in shares of nVent Electric by 436.0% in the first quarter. Geneos Wealth Management Inc. now owns 1,072 shares of the company’s stock valued at $56,000 after buying an additional 872 shares during the last quarter. Marshall Wace LLP raised its position in shares of nVent Electric by 31.8% in the second quarter. Marshall Wace LLP now owns 41,061 shares of the company’s stock valued at $3,008,000 after buying an additional 9,898 shares during the last quarter. Finally, Cresset Asset Management LLC raised its position in shares of nVent Electric by 57.7% in the second quarter. Cresset Asset Management LLC now owns 8,136 shares of the company’s stock valued at $596,000 after buying an additional 2,977 shares during the last quarter. Institutional investors and hedge funds own 90.05% of the company’s stock.

nVent Electric Price Performance

nVent Electric stock opened at $171.51 on Tuesday. nVent Electric PLC has a 1 year low of $63.60 and a 1 year high of $175.00. The firm has a 50 day moving average price of $144.24 and a 200 day moving average price of $121.62. The company has a market cap of $27.74 billion, a price-to-earnings ratio of 56.98, a PEG ratio of 1.58 and a beta of 1.32. The company has a debt-to-equity ratio of 0.41, a quick ratio of 1.21 and a current ratio of 1.70.

nVent Electric (NYSE:NVT) last released its earnings results 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 during the quarter, compared to the consensus estimate of $1.11 billion. During the same period in the previous year, the firm earned $0.67 earnings per share. nVent Electric’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. Sell-side analysts predict that nVent Electric PLC will post 4.55 earnings per share for the current year.

nVent Electric announced that its board has initiated a stock repurchase program on Saturday, May 16th that allows the company to buyback $500.00 million in shares. This buyback authorization allows the company to purchase up to 1.8% of its stock through open market purchases. Stock buyback programs are typically an indication that the company’s leadership believes its shares are undervalued.

nVent Electric Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, August 7th. Investors of record on Friday, July 24th will be issued a $0.21 dividend. This represents a $0.84 dividend on an annualized basis and a yield of 0.5%. The ex-dividend date is Friday, July 24th. nVent Electric’s payout ratio is presently 27.91%.

Insider Transactions at nVent Electric

In related news, insider Sara E. Zawoyski sold 29,412 shares of the business’s stock in a transaction that occurred on Wednesday, May 13th. The shares were 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 directly owned 97,068 shares in the company, valued at approximately $16,743,259.32. The trade was a 23.25% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Aravind Padmanabhan sold 15,942 shares of the business’s stock in a transaction that occurred 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 represents a 40.68% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 87,685 shares of company stock valued at $14,961,768 in the last quarter. Insiders own 1.70% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on the stock. Citigroup boosted their price objective on shares of nVent Electric from $152.00 to $187.00 and gave the company a “buy” rating in a research report on Tuesday, May 5th. The Goldman Sachs Group boosted their price objective on shares of nVent Electric from $150.00 to $187.00 and gave the company a “buy” rating in a research report on Monday, May 4th. Royal Bank Of Canada boosted their price objective on shares of nVent Electric from $151.00 to $180.00 and gave the company an “outperform” rating in a research report on Monday, May 4th. Wolfe Research raised shares of nVent Electric to an “outperform” rating in a research report on Monday, February 9th. Finally, Zacks Research raised shares of nVent Electric from a “hold” rating to a “strong-buy” rating in a research report on Monday, May 4th. One investment analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat, nVent Electric currently has a consensus rating of “Buy” and an average price target of $184.20.

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.