Engineers Gate Manager LP Has $45.92 Million Holdings in nVent Electric PLC $NVT

Engineers Gate Manager LP raised its holdings in shares of nVent Electric PLC (NYSE:NVT) by 440.5% in the fourth quarter, Holdings Channel reports. The institutional investor owned 450,366 shares of the company’s stock after buying an additional 367,042 shares during the quarter. Engineers Gate Manager LP’s holdings in nVent Electric were worth $45,924,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors also recently modified their holdings of NVT. AQR Capital Management LLC lifted its holdings in shares of nVent Electric by 33.1% during the first quarter. AQR Capital Management LLC now owns 94,968 shares of the company’s stock worth $4,841,000 after buying an additional 23,606 shares during the last quarter. Jones Financial Companies Lllp lifted its holdings in shares of nVent Electric by 575.6% during the first quarter. Jones Financial Companies Lllp now owns 8,803 shares of the company’s stock worth $461,000 after buying an additional 7,500 shares during the last quarter. Geneos Wealth Management Inc. lifted its holdings in shares of nVent Electric by 436.0% during the first quarter. Geneos Wealth Management Inc. now owns 1,072 shares of the company’s stock worth $56,000 after buying an additional 872 shares during the last quarter. Marshall Wace LLP lifted its holdings in shares of nVent Electric by 31.8% during the second quarter. Marshall Wace LLP now owns 41,061 shares of the company’s stock worth $3,008,000 after buying an additional 9,898 shares during the last quarter. Finally, Cresset Asset Management LLC lifted its holdings in shares of nVent Electric by 57.7% during the second quarter. Cresset Asset Management LLC now owns 8,136 shares of the company’s stock worth $596,000 after buying an additional 2,977 shares during the last quarter. 90.05% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at nVent Electric

In other nVent Electric news, EVP Lynnette R. Heath sold 27,471 shares of the company’s stock in a transaction 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 sale, the executive vice president directly owned 37,089 shares in the company, valued at $6,215,745.51. This represents a 42.55% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, EVP Aravind Padmanabhan sold 15,942 shares of the company’s stock in a transaction on Monday, May 11th. The shares were sold at an average price of $174.00, for a total value of $2,773,908.00. Following the completion of the sale, the executive vice president owned 23,243 shares in the company, valued at $4,044,282. This trade represents a 40.68% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders sold 87,685 shares of company stock valued at $14,961,768. 1.70% of the stock is owned by insiders.

nVent Electric Stock Performance

Shares of NYSE NVT opened at $171.36 on Thursday. The business has a fifty day simple moving average of $155.78 and a 200 day simple moving average of $126.88. The company has a current ratio of 1.70, a quick ratio of 1.21 and a debt-to-equity ratio of 0.41. The firm has a market capitalization of $27.71 billion, a price-to-earnings ratio of 56.93, a PEG ratio of 1.59 and a beta of 1.35. nVent Electric PLC has a one year low of $68.60 and a one year high of $178.00.

nVent Electric (NYSE:NVT) last issued its earnings results on Friday, May 1st. The company reported $1.09 EPS for the quarter, beating analysts’ consensus estimates of $0.94 by $0.15. The business had revenue of $1.24 billion during the quarter, compared to analyst estimates of $1.11 billion. nVent Electric had a return on equity of 16.82% and a net margin of 11.37%.nVent Electric’s revenue was up 53.5% on a year-over-year basis. During the same period in the prior year, the company posted $0.67 earnings per share. 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 expect that nVent Electric PLC will post 4.55 EPS for the current year.

nVent Electric announced that its Board of Directors has approved a stock buyback plan on Saturday, May 16th that permits the company to repurchase $500.00 million in outstanding shares. This repurchase authorization permits the company to buy up to 1.8% of its stock through open market purchases. Stock repurchase plans are generally a sign that the company’s board 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. Shareholders of record on Friday, July 24th will be given 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 dividend payout ratio is 27.91%.

Analysts Set New Price Targets

A number of brokerages have recently commented on NVT. Weiss Ratings lowered nVent Electric from a “buy (b-)” rating to a “hold (c+)” rating in a report on Wednesday, May 6th. KeyCorp upped their price target on nVent Electric from $140.00 to $185.00 and gave the stock an “overweight” rating in a report on Monday, May 4th. Barclays upped their target price 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 upped their target price on nVent Electric from $151.00 to $180.00 and gave the company an “outperform” rating in a research note on Monday, May 4th. Finally, Glj Research initiated coverage on nVent Electric in a research note on Thursday, March 5th. They issued a “buy” rating and a $151.00 target price for the company. Two analysts have rated the stock with a Strong Buy rating, twelve have given a Buy rating and one has given a Hold rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Buy” and a consensus target price of $189.50.

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.