New York State Teachers Retirement System Trims Stock Holdings in nVent Electric PLC $NVT

New York State Teachers Retirement System lowered its holdings in nVent Electric PLC (NYSE:NVT) by 3.0% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 165,556 shares of the company’s stock after selling 5,178 shares during the period. New York State Teachers Retirement System owned approximately 0.10% of nVent Electric worth $19,582,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of the business. Geode Capital Management LLC grew its stake in nVent Electric by 7.5% in 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 in the last quarter. Price T Rowe Associates Inc. MD raised its holdings in nVent Electric by 361.9% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 2,577,555 shares of the company’s stock valued at $262,835,000 after acquiring an additional 2,019,483 shares during the period. Norges Bank purchased a new stake in shares of nVent Electric during the fourth quarter worth $245,955,000. Bank of New York Mellon Corp lifted its position in shares of nVent Electric by 13.7% during the fourth quarter. Bank of New York Mellon Corp now owns 1,949,761 shares of the company’s stock worth $198,817,000 after acquiring an additional 234,755 shares in the last quarter. Finally, Clark Capital Management Group Inc. boosted its holdings in shares of nVent Electric by 2.4% in the third 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 period. 90.05% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities analysts have recently weighed in on NVT shares. Roth Mkm reiterated a “buy” rating and issued a $185.00 price target on shares of nVent Electric in a research report on Monday, May 4th. KeyCorp raised their target price on nVent Electric from $140.00 to $185.00 and gave the stock an “overweight” rating in a research note on Monday, May 4th. Citigroup lifted their target price on nVent Electric from $152.00 to $187.00 and gave the company a “buy” rating in a report on Tuesday, May 5th. Melius Research started coverage on nVent Electric in a research report on Tuesday, June 16th. They set a “buy” rating and a $214.00 price target on the stock. Finally, Sanford C. Bernstein set a $218.00 price target on shares of nVent Electric and gave the stock an “outperform” rating in a report on Tuesday, June 9th. Two 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, nVent Electric currently has a consensus rating of “Buy” and a consensus target price of $189.50.

nVent Electric Trading Up 0.1%

nVent Electric stock opened at $152.29 on Friday. 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 PLC has a fifty-two week low of $68.90 and a fifty-two week high of $184.64. The stock has a market cap of $24.63 billion, a P/E ratio of 50.60, a PEG ratio of 1.44 and a beta of 1.36. The firm’s fifty day moving average price is $164.30 and its 200-day moving average price is $131.82.

nVent Electric (NYSE:NVT) last posted its quarterly earnings data on Friday, May 1st. The company reported $1.09 earnings per share (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 company had revenue of $1.24 billion during the quarter, compared to analyst estimates of $1.11 billion. During the same quarter last year, the company earned $0.67 earnings per share. The firm’s quarterly revenue was up 53.5% on a year-over-year basis. 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. Equities research analysts forecast that nVent Electric PLC will post 4.56 earnings per share for the current fiscal year.

nVent Electric Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, August 7th. Stockholders of record on Friday, July 24th will be given a dividend of $0.21 per share. This represents a $0.84 dividend on an annualized basis and a dividend yield of 0.6%. The ex-dividend date is Friday, July 24th. nVent Electric’s dividend payout ratio (DPR) is 27.91%.

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

Insider Activity at nVent Electric

In other nVent Electric 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 transaction, the insider owned 97,068 shares of the company’s stock, valued at $16,743,259.32. The trade was a 23.25% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CMO Martha Claire Bennett sold 3,778 shares of the stock in a transaction on Monday, May 11th. The stock was 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. The trade was a 94.38% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 87,685 shares of company stock valued at $14,961,768 in the last ninety days. Insiders own 1.70% of the company’s stock.

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.