Sterling Capital Management LLC Reduces Stake in nVent Electric PLC $NVT

Sterling Capital Management LLC reduced its stake in shares of nVent Electric PLC (NYSE:NVT) by 43.2% in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 5,366 shares of the company’s stock after selling 4,074 shares during the period. Sterling Capital Management LLC’s holdings in nVent Electric were worth $635,000 at the end of the most recent reporting period.

A number of other hedge funds also recently modified their holdings of the stock. Manchester Capital Management LLC grew its holdings in nVent Electric by 128.1% during the fourth quarter. Manchester Capital Management LLC now owns 308 shares of the company’s stock valued at $31,000 after purchasing an additional 173 shares during the period. Cullen Frost Bankers Inc. bought a new stake in shares of nVent Electric in the fourth quarter valued at $32,000. Advisory Services Network LLC bought a new stake in shares of nVent Electric in the third quarter valued at $35,000. Elyxium Wealth LLC purchased a new position in shares of nVent Electric during the 4th quarter valued at $36,000. Finally, Headlands Technologies LLC lifted its position in shares of nVent Electric by 522.9% during the 2nd quarter. Headlands Technologies LLC now owns 517 shares of the company’s stock valued at $38,000 after buying an additional 434 shares during the last quarter. Institutional investors own 90.05% of the company’s stock.

Insider Activity at nVent Electric

In other nVent Electric news, CAO Randolph A. Wacker sold 4,094 shares of the firm’s stock in a transaction on Monday, May 4th. The shares were sold at an average price of $165.57, for a total value of $677,843.58. Following the completion of the transaction, 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. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP Aravind Padmanabhan sold 15,942 shares of the business’s stock in a transaction on Monday, May 11th. The shares were sold at an average price of $174.00, for a total transaction of $2,773,908.00. Following the transaction, the executive vice president owned 23,243 shares of the company’s stock, 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. Insiders have sold 87,685 shares of company stock valued at $14,961,768 in the last quarter. 1.70% of the stock is currently owned by company insiders.

nVent Electric Stock Performance

NYSE:NVT opened at $159.86 on Thursday. The business’s fifty day moving average is $163.75 and its 200 day moving average is $131.32. The firm has a market cap of $25.85 billion, a price-to-earnings ratio of 53.11, a PEG ratio of 1.60 and a beta of 1.36. The company has a debt-to-equity ratio of 0.41, a quick ratio of 1.21 and a current ratio of 1.70. nVent Electric PLC has a 52-week low of $68.90 and a 52-week high of $184.64.

nVent Electric (NYSE:NVT) last issued its earnings results on Friday, May 1st. The company reported $1.09 EPS 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 firm’s revenue was up 53.5% compared to the same quarter last year. During the same quarter last year, the company earned $0.67 EPS. 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. Research analysts predict that nVent Electric PLC will post 4.56 EPS for the current year.

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

nVent Electric Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, August 7th. Stockholders 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 dividend yield of 0.5%. The ex-dividend date is Friday, July 24th. nVent Electric’s dividend payout ratio (DPR) is 27.91%.

Analyst Ratings Changes

Several brokerages recently weighed in on NVT. Zacks Research raised nVent Electric from a “hold” rating to a “strong-buy” rating in a report on Monday, May 4th. Wall Street Zen raised shares of nVent Electric from a “buy” rating to a “strong-buy” rating in a report on Sunday, June 21st. UBS Group reiterated a “buy” rating on shares of nVent Electric in a research report on Thursday, June 11th. The Goldman Sachs Group lifted their target price on shares of nVent Electric from $150.00 to $187.00 and gave the stock a “buy” rating in a research note on Monday, May 4th. Finally, Barclays boosted their price target on shares of nVent Electric from $150.00 to $190.00 and gave the company an “overweight” rating in a research report on Monday, May 4th. Two equities research analysts have rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Buy” and a consensus target price of $189.50.

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.