R Squared Ltd Sells 4,665 Shares of nVent Electric PLC $NVT

R Squared Ltd lowered its stake in shares of nVent Electric PLC (NYSE:NVT) by 58.7% in the first quarter, according to its most recent disclosure with the SEC. The fund owned 3,286 shares of the company’s stock after selling 4,665 shares during the period. R Squared Ltd’s holdings in nVent Electric were worth $389,000 as of its most recent filing with the SEC.

Several other hedge funds have also made changes to their positions in the stock. Annex Advisory Services LLC increased its position in shares of nVent Electric by 3.0% during the fourth quarter. Annex Advisory Services LLC now owns 3,243 shares of the company’s stock valued at $331,000 after purchasing an additional 94 shares during the period. NewEdge Wealth LLC lifted its position in nVent Electric by 3.7% in the fourth quarter. NewEdge Wealth LLC now owns 2,620 shares of the company’s stock worth $267,000 after purchasing an additional 94 shares during the period. CI Investments Inc. boosted its stake in nVent Electric by 15.6% during the third quarter. CI Investments Inc. now owns 712 shares of the company’s stock worth $70,000 after buying an additional 96 shares in the last quarter. Laird Norton Wetherby Wealth Management LLC boosted its position in shares of nVent Electric by 0.9% during the 3rd quarter. Laird Norton Wetherby Wealth Management LLC now owns 10,694 shares of the company’s stock valued at $1,055,000 after acquiring an additional 98 shares in the last quarter. Finally, NorthRock Partners LLC boosted its position in shares of nVent Electric by 1.9% during the 3rd quarter. NorthRock Partners LLC now owns 5,620 shares of the company’s stock valued at $554,000 after acquiring an additional 104 shares in the last quarter. Institutional investors own 90.05% of the company’s stock.

Insider Buying and Selling at nVent Electric

In related news, CAO Randolph A. Wacker sold 4,094 shares of the firm’s stock in a transaction that occurred on Monday, May 4th. The shares were 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 owned 49,873 shares of the company’s stock, valued at $8,257,472.61. This trade represents a 7.59% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Sara E. Zawoyski sold 29,412 shares of the business’s stock in a transaction that occurred on Wednesday, May 13th. The stock was sold at an average price of $172.49, for a total transaction 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. This trade represents a 23.25% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold 87,685 shares of company stock valued at $14,961,768 over the last three months. Insiders own 1.70% of the company’s stock.

nVent Electric Trading Down 2.3%

Shares of NVT opened at $153.26 on Wednesday. The company has a debt-to-equity ratio of 0.41, a quick ratio of 1.21 and a current ratio of 1.70. The company has a market cap of $24.79 billion, a price-to-earnings ratio of 50.92, a PEG ratio of 1.48 and a beta of 1.36. The stock has a fifty day moving average price of $164.80 and a two-hundred day moving average price of $132.82. nVent Electric PLC has a 52-week low of $68.90 and a 52-week high of $184.64.

nVent Electric (NYSE:NVT) last announced its earnings results on Friday, May 1st. The company reported $1.09 EPS 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 company had revenue of $1.24 billion for the quarter, compared to analysts’ expectations of $1.11 billion. During the same quarter in the prior year, the business earned $0.67 earnings per share. The business’s revenue for the quarter 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. Analysts predict that nVent Electric PLC will post 4.56 EPS for the current fiscal year.

nVent Electric declared that its Board of Directors has initiated a stock repurchase plan on Saturday, May 16th that allows the company to repurchase $500.00 million in outstanding shares. This repurchase authorization allows the company to buy up to 1.8% of its shares through open market purchases. Shares repurchase plans are often a sign that the company’s management believes its shares are undervalued.

nVent Electric Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, August 7th. Stockholders of record on Friday, July 24th will be paid a dividend of $0.21 per share. This represents a $0.84 annualized dividend and a dividend yield of 0.5%. The ex-dividend date of this dividend is Friday, July 24th. nVent Electric’s dividend payout ratio is 27.91%.

Analysts Set New Price Targets

NVT has been the subject of several recent research reports. KeyCorp increased their price target on shares of nVent Electric from $140.00 to $185.00 and gave the stock an “overweight” rating in a research report on Monday, May 4th. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and issued a $187.00 price objective on shares of nVent Electric in a research note on Monday, May 4th. The Goldman Sachs Group increased their target price on nVent Electric from $150.00 to $187.00 and gave the stock a “buy” rating in a report on Monday, May 4th. Weiss Ratings downgraded nVent Electric from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Wednesday, May 6th. Finally, Sanford C. Bernstein set a $218.00 price target on nVent Electric and gave the company an “outperform” rating in a research note on Tuesday, June 9th. Two research analysts have rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Buy” and an average target price of $189.50.

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.