27,492 Shares in nVent Electric PLC $NVT Bought by Prevail Innovative Wealth Advisors LLC

Prevail Innovative Wealth Advisors LLC purchased a new stake in nVent Electric PLC (NYSE:NVT) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 27,492 shares of the company’s stock, valued at approximately $4,663,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Geode Capital Management LLC raised its holdings in nVent Electric by 7.5% during the fourth quarter. Geode Capital Management LLC now owns 3,125,289 shares of the company’s stock worth $318,752,000 after buying an additional 217,485 shares during the last quarter. Price T Rowe Associates Inc. MD lifted its stake in shares of nVent Electric by 361.9% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 2,577,555 shares of the company’s stock valued at $262,835,000 after buying an additional 2,019,483 shares in the last quarter. Norges Bank acquired a new position in shares of nVent Electric during the fourth quarter valued at about $245,955,000. Bank of New York Mellon Corp grew its holdings in shares of nVent Electric by 3.5% during the first quarter. Bank of New York Mellon Corp now owns 2,018,579 shares of the company’s stock valued at $238,758,000 after buying an additional 68,818 shares during the last quarter. Finally, Merewether Investment Management LP increased its position in shares of nVent Electric by 59.2% during the third quarter. Merewether Investment Management LP now owns 1,699,674 shares of the company’s stock worth $167,656,000 after acquiring an additional 631,800 shares in the last quarter. Institutional investors own 90.05% of the company’s stock.

Insider Activity

In related news, CAO Randolph A. Wacker sold 22,525 shares of nVent Electric stock in a transaction on Wednesday, August 5th. The stock was sold at an average price of $164.62, for a total transaction of $3,708,065.50. Following the completion of the sale, the chief accounting officer owned 27,441 shares of the company’s stock, valued at approximately $4,517,337.42. This trade represents a 45.08% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Der Kolk Robert J. Van sold 5,858 shares of the company’s stock in a transaction dated Monday, August 10th. The stock was sold at an average price of $164.32, for a total value of $962,586.56. Following the completion of the transaction, the insider owned 27,387 shares in the company, valued at $4,500,231.84. This represents a 17.62% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 74,644 shares of company stock worth $12,276,886 in the last three months. Corporate insiders own 1.70% of the company’s stock.

Analyst Ratings Changes

NVT has been the topic of a number of analyst reports. Wolfe Research restated an “outperform” rating and issued a $191.00 target price on shares of nVent Electric in a report on Thursday, July 9th. Citigroup boosted their price objective on nVent Electric from $203.00 to $215.00 and gave the stock a “buy” rating in a report on Monday, August 3rd. KeyCorp increased their price objective on nVent Electric from $140.00 to $185.00 and gave the stock an “overweight” rating in a research note on Monday, May 4th. Barclays raised their target price on nVent Electric from $150.00 to $190.00 and gave the company an “overweight” rating in a report on Monday, May 4th. Finally, Melius Research assumed coverage on nVent Electric in a report on Tuesday, June 16th. They set a “buy” rating and a $214.00 price target for the company. Three investment analysts have rated the stock with a Strong Buy rating and fourteen have assigned a Buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Buy” and a consensus target price of $198.79.

nVent Electric Stock Up 2.6%

NVT stock opened at $171.56 on Thursday. The stock has a 50-day simple moving average of $161.18 and a two-hundred day simple moving average of $142.20. nVent Electric PLC has a twelve month low of $85.72 and a twelve month high of $184.64. The firm has a market capitalization of $27.77 billion, a PE ratio of 46.87, a PEG ratio of 1.40 and a beta of 1.37. The company has a quick ratio of 1.33, a current ratio of 1.80 and a debt-to-equity ratio of 0.37.

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. nVent Electric had a net margin of 12.38% and a return on equity of 18.85%. The firm had revenue of $1.47 billion for the quarter, compared to the consensus estimate of $1.26 billion. During the same period in the prior year, the firm posted $0.86 earnings per share. The company’s revenue for the quarter was up 52.8% on a year-over-year basis. 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, equities analysts predict that nVent Electric PLC will post 5.13 EPS for the current fiscal year.

nVent Electric announced that its Board of Directors has authorized a share repurchase plan on Saturday, May 16th that authorizes the company to repurchase $500.00 million in outstanding shares. This repurchase authorization authorizes the company to repurchase up to 1.8% of its shares through open market purchases. Shares repurchase plans are usually a sign that the company’s board of directors believes its stock is undervalued.

nVent Electric Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, August 7th. Shareholders of record on Friday, July 24th were issued a $0.21 dividend. This represents a $0.84 annualized dividend and a yield of 0.5%. The ex-dividend date of this dividend was Friday, July 24th. nVent Electric’s dividend payout ratio (DPR) is presently 22.95%.

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.