J.W. Cole Advisors Inc. Sells 3,626 Shares of nVent Electric PLC $NVT

J.W. Cole Advisors Inc. trimmed its holdings in shares of nVent Electric PLC (NYSE:NVT) by 20.1% in the 4th quarter, Holdings Channel reports. The firm owned 14,442 shares of the company’s stock after selling 3,626 shares during the quarter. J.W. Cole Advisors Inc.’s holdings in nVent Electric were worth $1,473,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in NVT. Norges Bank purchased a new position in shares of nVent Electric during the fourth quarter valued at $245,955,000. Holocene Advisors LP purchased a new position in shares of nVent Electric during the third quarter valued at $151,265,000. Balyasny Asset Management L.P. increased its stake in shares of nVent Electric by 3,467.1% during the third quarter. Balyasny Asset Management L.P. now owns 1,326,100 shares of the company’s stock valued at $130,807,000 after buying an additional 1,288,924 shares during the period. Merewether Investment Management LP purchased a new position in shares of nVent Electric during the second quarter valued at $78,222,000. Finally, Swedbank AB purchased a new position in shares of nVent Electric during the fourth quarter valued at $59,312,000. Hedge funds and other institutional investors own 90.05% of the company’s stock.

Analysts Set New Price Targets

NVT has been the topic of several research reports. Glj Research initiated coverage on nVent Electric in a research note on Thursday, March 5th. They set a “buy” rating and a $151.00 price target on the stock. Roth Mkm restated a “buy” rating and set a $185.00 price target on shares of nVent Electric in a research note on Monday, May 4th. Weiss Ratings lowered nVent Electric from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Wednesday, May 6th. The Goldman Sachs Group raised their price target on nVent Electric from $150.00 to $187.00 and gave the company a “buy” rating in a research note on Monday, May 4th. Finally, Wall Street Zen upgraded nVent Electric from a “buy” rating to a “strong-buy” rating in a research note on Saturday, May 23rd. One research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and one has issued a Hold rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Buy” and an average target price of $184.20.

nVent Electric Price Performance

Shares of NYSE NVT opened at $163.52 on Tuesday. The company has a debt-to-equity ratio of 0.41, a quick ratio of 1.21 and a current ratio of 1.70. The company has a market cap of $26.44 billion, a PE ratio of 54.33, a P/E/G ratio of 1.54 and a beta of 1.35. The business has a 50-day simple moving average of $149.06 and a two-hundred day simple moving average of $123.86. nVent Electric PLC has a fifty-two week low of $67.21 and a fifty-two week high of $178.00.

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

nVent Electric Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, August 7th. Shareholders of record on Friday, July 24th will be 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 is Friday, July 24th. nVent Electric’s dividend payout ratio (DPR) is currently 27.91%.

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

Insiders Place Their Bets

In other nVent Electric news, CMO Martha Claire Bennett sold 3,778 shares of the firm’s stock in a transaction dated Monday, May 11th. The stock was sold at an average price of $170.00, for a total value of $642,260.00. Following the completion of the sale, the chief marketing officer owned 225 shares of the company’s stock, valued at approximately $38,250. This trade represents a 94.38% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CAO Randolph A. Wacker sold 4,094 shares of nVent Electric stock in a transaction dated Monday, May 4th. The stock was sold at an average price of $165.57, for a total value of $677,843.58. Following the sale, the chief accounting officer directly owned 49,873 shares of the company’s stock, valued at $8,257,472.61. This trade represents a 7.59% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders have sold 87,685 shares of company stock valued at $14,961,768. 1.70% of the stock is currently owned by corporate insiders.

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.