Fulton Bank N.A. Acquires 8,948 Shares of nVent Electric PLC $NVT

Fulton Bank N.A. raised its holdings in nVent Electric PLC (NYSE:NVT) by 117.3% during the first quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 16,579 shares of the company’s stock after purchasing an additional 8,948 shares during the quarter. Fulton Bank N.A.’s holdings in nVent Electric were worth $1,961,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of the business. Annex Advisory Services LLC raised its holdings in shares of nVent Electric by 3.0% during the 4th quarter. Annex Advisory Services LLC now owns 3,243 shares of the company’s stock worth $331,000 after buying an additional 94 shares in the last quarter. NewEdge Wealth LLC boosted its stake in nVent Electric by 3.7% in the fourth quarter. NewEdge Wealth LLC now owns 2,620 shares of the company’s stock valued at $267,000 after buying an additional 94 shares in the last quarter. CI Investments Inc. boosted its stake in nVent Electric by 15.6% in the third quarter. CI Investments Inc. now owns 712 shares of the company’s stock valued at $70,000 after buying an additional 96 shares in the last quarter. Laird Norton Wetherby Wealth Management LLC grew its position in nVent Electric by 0.9% in the third quarter. Laird Norton Wetherby Wealth Management LLC now owns 10,694 shares of the company’s stock valued at $1,055,000 after acquiring an additional 98 shares during the last quarter. Finally, NorthRock Partners LLC grew its position in nVent Electric by 1.9% in the third quarter. NorthRock Partners LLC now owns 5,620 shares of the company’s stock valued at $554,000 after acquiring an additional 104 shares during the last quarter. Institutional investors own 90.05% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have commented on the company. Barclays boosted their target price on nVent Electric from $150.00 to $190.00 and gave the stock an “overweight” rating in a research note on Monday, May 4th. Evercore restated an “outperform” rating and issued a $190.00 price target on shares of nVent Electric in a research note on Monday, May 4th. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and set a $187.00 price target on shares of nVent Electric in a report on Monday, May 4th. Weiss Ratings cut shares of nVent Electric from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Wednesday, May 6th. Finally, Roth Mkm reissued a “buy” rating and issued a $185.00 price objective on shares of nVent Electric in a research note on Monday, May 4th. Two analysts have rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat.com, the stock has an average rating of “Buy” and an average target price of $189.50.

nVent Electric Trading Down 4.8%

Shares of NVT stock opened at $152.29 on Friday. The firm has a market capitalization of $24.63 billion, a P/E ratio of 50.60, a P/E/G ratio of 1.51 and a beta of 1.36. nVent Electric PLC has a twelve month low of $68.90 and a twelve month high of $184.64. The company has a quick ratio of 1.21, a current ratio of 1.70 and a debt-to-equity ratio of 0.41. The stock’s fifty day simple moving average is $164.06 and its 200 day simple moving average is $131.68.

nVent Electric (NYSE:NVT) last posted its earnings results on Friday, May 1st. The company reported $1.09 EPS for the quarter, beating the consensus estimate of $0.94 by $0.15. The firm 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 business’s quarterly revenue was up 53.5% on a year-over-year basis. During the same period 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, sell-side analysts predict that nVent Electric PLC will post 4.56 EPS for the current fiscal year.

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 paid a $0.21 dividend. The ex-dividend date of this dividend is Friday, July 24th. This represents a $0.84 annualized dividend and a dividend yield of 0.6%. nVent Electric’s dividend payout ratio is currently 27.91%.

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

Insider Buying and Selling

In related news, CMO Martha Claire Bennett sold 3,778 shares of the firm’s stock in a transaction that occurred on Monday, May 11th. The shares were sold at an average price of $170.00, for a total value of $642,260.00. Following the completion of the transaction, the chief marketing officer owned 225 shares in the company, valued at $38,250. This trade represents a 94.38% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Aravind Padmanabhan sold 15,942 shares of nVent Electric stock in a transaction that occurred on Monday, May 11th. The stock was sold at an average price of $174.00, for a total transaction of $2,773,908.00. Following the sale, the executive vice president owned 23,243 shares in the company, valued at approximately $4,044,282. This represents a 40.68% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 87,685 shares of company stock valued at $14,961,768 over the last three months. Insiders own 1.70% of the company’s stock.

About nVent Electric

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.