nVent Electric PLC $NVT Shares Purchased by Hennion & Walsh Asset Management Inc.

Hennion & Walsh Asset Management Inc. lifted its holdings in nVent Electric PLC (NYSE:NVT) by 47.2% in the second quarter, according to its most recent disclosure with the SEC. The institutional investor owned 10,496 shares of the company’s stock after purchasing an additional 3,364 shares during the period. Hennion & Walsh Asset Management Inc.’s holdings in nVent Electric were worth $1,780,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in NVT. Elevation Wealth Partners LLC boosted its position in nVent Electric by 554.5% in the 2nd quarter. Elevation Wealth Partners LLC now owns 216 shares of the company’s stock valued at $37,000 after buying an additional 183 shares during the period. GAMMA Investing LLC increased its position in shares of nVent Electric by 8.9% during the second quarter. GAMMA Investing LLC now owns 4,904 shares of the company’s stock worth $832,000 after acquiring an additional 401 shares during the period. Harbor Investment Advisory LLC increased its position in shares of nVent Electric by 96.8% during the second quarter. Harbor Investment Advisory LLC now owns 986 shares of the company’s stock worth $167,000 after acquiring an additional 485 shares during the period. CoreCap Advisors LLC raised its stake in shares of nVent Electric by 21,800.0% in the second quarter. CoreCap Advisors LLC now owns 3,066 shares of the company’s stock valued at $520,000 after acquiring an additional 3,052 shares in the last quarter. Finally, Versant Capital Management Inc boosted its holdings in nVent Electric by 13.9% in the second quarter. Versant Capital Management Inc now owns 1,627 shares of the company’s stock valued at $276,000 after purchasing an additional 199 shares during the period. 90.05% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other nVent Electric news, insider Der Kolk Robert J. Van sold 5,858 shares of the firm’s stock in a transaction that occurred on Monday, August 10th. The shares were sold at an average price of $164.32, for a total transaction of $962,586.56. Following the sale, the insider owned 27,387 shares of the company’s stock, valued at approximately $4,500,231.84. This trade represents a 17.62% 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 this link. Also, CEO Beth Wozniak sold 46,261 shares of the firm’s stock in a transaction that occurred on Wednesday, August 5th. The stock was sold at an average price of $164.42, for a total transaction of $7,606,233.62. Following the sale, the chief executive officer directly owned 55,612 shares in the company, valued at approximately $9,143,725.04. The trade was a 45.41% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 74,644 shares of company stock worth $12,276,886 over the last 90 days. 1.70% of the stock is owned by insiders.

nVent Electric Stock Performance

NYSE:NVT opened at $167.11 on Wednesday. The firm has a market capitalization of $27.05 billion, a PE ratio of 45.66, a price-to-earnings-growth ratio of 1.36 and a beta of 1.37. The business’s fifty day moving average price is $161.28 and its 200 day moving average price is $141.77. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.80 and a quick ratio of 1.33. nVent Electric PLC has a 12 month low of $85.72 and a 12 month high of $184.64.

nVent Electric (NYSE:NVT) last announced its quarterly earnings results on Friday, July 31st. The company reported $1.45 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.16 by $0.29. The company had revenue of $1.47 billion during the quarter, compared to the consensus estimate of $1.26 billion. nVent Electric had a return on equity of 18.85% and a net margin of 12.38%.nVent Electric’s revenue for the quarter was up 52.8% on a year-over-year basis. During the same period in the previous year, the business earned $0.86 EPS. nVent Electric has set its Q3 2026 guidance at 1.350-1.380 EPS and its FY 2026 guidance at 5.000-5.100 EPS. On average, sell-side analysts anticipate that nVent Electric PLC will post 5.13 earnings per share for the current fiscal year.

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

nVent Electric Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, August 7th. Investors of record on Friday, July 24th were paid a dividend of $0.21 per share. The ex-dividend date was Friday, July 24th. This represents a $0.84 annualized dividend and a yield of 0.5%. nVent Electric’s payout ratio is presently 22.95%.

Analysts Set New Price Targets

Several research analysts recently commented on the company. Robert W. Baird boosted their target price on nVent Electric from $188.00 to $200.00 and gave the stock an “outperform” rating in a research note on Monday, August 3rd. Melius Research initiated coverage on nVent Electric in a research note on Tuesday, June 16th. They issued a “buy” rating and a $214.00 price objective for the company. Wall Street Zen raised nVent Electric from a “buy” rating to a “strong-buy” rating in a research report on Sunday, June 21st. Sanford C. Bernstein set a $220.00 target price on shares of nVent Electric in a research note on Thursday, July 9th. Finally, The Goldman Sachs Group reaffirmed a “buy” rating and issued a $200.00 target price on shares of nVent Electric in a report on Saturday, August 1st. Three research analysts have rated the stock with a Strong Buy rating and fourteen have issued a Buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Buy” and a consensus price target of $198.79.

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.