Engineers Gate Manager LP Has $5.69 Million Position in nVent Electric PLC $NVT

Engineers Gate Manager LP raised its position in shares of nVent Electric PLC (NYSE:NVT) by 327.1% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 33,538 shares of the company’s stock after purchasing an additional 25,686 shares during the period. Engineers Gate Manager LP’s holdings in nVent Electric were worth $5,688,000 at the end of the most recent reporting period.

A number of other large investors have also recently modified their holdings of NVT. Swedbank AB bought a new stake in shares of nVent Electric during the 4th quarter valued at approximately $59,312,000. Northwestern Mutual Wealth Management Co. lifted its stake in nVent Electric by 103.5% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 19,139 shares of the company’s stock valued at $1,952,000 after purchasing an additional 9,734 shares during the last quarter. Alua Capital Management LP acquired a new stake in nVent Electric in the first quarter valued at approximately $27,394,000. Dougherty & Associates LLC acquired a new stake in nVent Electric in the fourth quarter valued at approximately $987,000. Finally, VIRGINIA RETIREMENT SYSTEMS ET Al grew its stake in shares of nVent Electric by 216.7% during the fourth quarter. VIRGINIA RETIREMENT SYSTEMS ET Al now owns 20,900 shares of the company’s stock worth $2,131,000 after buying an additional 14,300 shares during the last quarter. Institutional investors and hedge funds own 90.05% of the company’s stock.

Insider Activity at nVent Electric

In other nVent Electric news, CEO Beth Wozniak sold 46,261 shares of the stock in a transaction dated 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 completion of the sale, the chief executive officer directly owned 55,612 shares in the company, valued at approximately $9,143,725.04. This trade represents a 45.41% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CAO Randolph A. Wacker sold 22,525 shares of nVent Electric stock in a transaction dated Wednesday, August 5th. The stock was sold at an average price of $164.62, for a total value of $3,708,065.50. Following the completion of the transaction, the chief accounting officer directly 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 disclosure for this sale is available in the SEC filing. Insiders have sold a total of 74,644 shares of company stock worth $12,276,886 over the last quarter. Company insiders own 1.70% of the company’s stock.

nVent Electric Price Performance

nVent Electric stock opened at $162.61 on Friday. The stock’s 50 day moving average is $157.06 and its 200 day moving average is $148.65. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.80 and a quick ratio of 1.33. The firm has a market cap of $26.32 billion, a P/E ratio of 44.43, a P/E/G ratio of 1.30 and a beta of 1.36. nVent Electric PLC has a one year low of $93.22 and a one year high of $184.64.

nVent Electric (NYSE:NVT) last released its earnings results on Friday, July 31st. The company reported $1.45 earnings per share for the quarter, beating 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 business had revenue of $1.47 billion during the quarter, compared to the consensus estimate of $1.26 billion. During the same quarter in the prior year, the firm posted $0.86 EPS. The company’s revenue for the quarter was up 52.8% compared to the same quarter last year. 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. As a group, research analysts expect that nVent Electric PLC will post 5.13 EPS for the current year.

nVent Electric announced that its Board of Directors has authorized a share buyback program on Saturday, May 16th that allows the company to repurchase $500.00 million in shares. This repurchase authorization allows the company to repurchase up to 1.8% of its stock through open market purchases. Stock repurchase programs are usually an indication that the company’s board believes its stock is undervalued.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on NVT. Roth Capital restated a “buy” rating and set a $210.00 price objective (up from $195.00) on shares of nVent Electric in a research report on Tuesday, August 25th. Robert W. Baird lifted their price target on nVent Electric from $188.00 to $200.00 and gave the company an “outperform” rating in a research note on Monday, August 3rd. Wall Street Zen upgraded nVent Electric from a “buy” rating to a “strong-buy” rating in a report on Sunday, June 21st. Evercore restated an “outperform” rating and set a $210.00 price target on shares of nVent Electric in a report on Monday, August 3rd. Finally, Wolfe Research reaffirmed an “outperform” rating and issued a $191.00 price objective on shares of nVent Electric in a research note on Thursday, July 9th. Three investment analysts have rated the stock with a Strong Buy rating and fourteen have given a Buy rating to the company. According to data from MarketBeat, nVent Electric has a consensus rating of “Buy” and an average price target of $199.86.

About nVent Electric

nVent Electric plc (NYSE:NVT) is a global provider of electrical connection and protection solutions. The company designs and manufactures products that help protect electrical and electronic systems, manage heat, and support the installation and operation of electrical infrastructure across industrial, commercial, residential, data center, energy and infrastructure applications.

Its product portfolio includes electrical and electronic enclosures, thermal-management systems, cable-management products, grounding and bonding equipment, electrical connections, fastening systems and other installation solutions.