nVent Electric PLC $NVT Stock Position Reduced by Marks Group Wealth Management Inc

Marks Group Wealth Management Inc lessened its stake in nVent Electric PLC (NYSE:NVT) by 31.6% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 69,004 shares of the company’s stock after selling 31,914 shares during the quarter. nVent Electric accounts for about 0.8% of Marks Group Wealth Management Inc’s holdings, making the stock its 27th biggest position. Marks Group Wealth Management Inc’s holdings in nVent Electric were worth $8,162,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Manchester Capital Management LLC increased its stake in shares of nVent Electric by 128.1% in the fourth quarter. Manchester Capital Management LLC now owns 308 shares of the company’s stock worth $31,000 after acquiring an additional 173 shares during the last quarter. Cullen Frost Bankers Inc. acquired a new stake in nVent Electric during the fourth quarter valued at $32,000. Advisory Services Network LLC acquired a new stake in nVent Electric during the third quarter valued at $35,000. Elyxium Wealth LLC purchased a new position in nVent Electric in the fourth quarter valued at about $36,000. Finally, Headlands Technologies LLC grew its stake in nVent Electric by 522.9% in the second quarter. Headlands Technologies LLC now owns 517 shares of the company’s stock valued at $38,000 after purchasing an additional 434 shares in the last quarter. Hedge funds and other institutional investors own 90.05% of the company’s stock.

Insider Activity

In other nVent Electric news, EVP Lynnette R. Heath sold 27,471 shares of the firm’s stock in a transaction that occurred on Wednesday, May 6th. The stock was sold at an average price of $167.59, for a total value of $4,603,864.89. Following the completion of the sale, the executive vice president owned 37,089 shares in the company, valued at approximately $6,215,745.51. This trade represents a 42.55% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Sara E. Zawoyski sold 29,412 shares of nVent Electric stock in a transaction that occurred 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 sale, the insider directly owned 97,068 shares in the company, valued at $16,743,259.32. The trade was a 23.25% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders sold 87,685 shares of company stock valued at $14,961,768. Corporate insiders own 1.70% of the company’s stock.

nVent Electric Price Performance

NYSE:NVT opened at $159.13 on Thursday. The company has a debt-to-equity ratio of 0.41, a current ratio of 1.70 and a quick ratio of 1.21. nVent Electric PLC has a one year low of $72.94 and a one year high of $184.64. The company has a fifty day moving average price of $165.80 and a 200 day moving average price of $135.20. The stock has a market cap of $25.73 billion, a P/E ratio of 52.87, a PEG ratio of 1.53 and a beta of 1.36.

nVent Electric (NYSE:NVT) last posted its quarterly earnings results on Friday, May 1st. The company reported $1.09 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.94 by $0.15. nVent Electric had a net margin of 11.37% and a return on equity of 16.82%. The company had revenue of $1.24 billion for the quarter, compared to analyst estimates of $1.11 billion. During the same period last year, the business posted $0.67 EPS. The business’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. Analysts anticipate that nVent Electric PLC will post 4.56 earnings per share for the current year.

nVent Electric declared that its Board of Directors has approved a stock repurchase 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 shares through open market purchases. Shares repurchase programs are typically an indication that the company’s board of directors believes its shares are undervalued.

nVent Electric Dividend Announcement

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

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on NVT shares. Evercore reaffirmed an “outperform” rating and set a $190.00 price target on shares of nVent Electric in a research note on Monday, May 4th. Barclays boosted their price target on nVent Electric from $150.00 to $190.00 and gave the company an “overweight” rating in a research note on Monday, May 4th. Royal Bank Of Canada increased their price objective on nVent Electric from $151.00 to $180.00 and gave the stock an “outperform” rating in a report on Monday, May 4th. Weiss Ratings lowered shares of nVent Electric from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Wednesday, May 6th. Finally, Wall Street Zen upgraded shares of nVent Electric from a “buy” rating to a “strong-buy” rating in a research note on Sunday, June 21st. Two equities 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 company. According to data from MarketBeat.com, the company currently has an average rating of “Buy” and an average price target of $189.64.

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.