Segall Bryant & Hamill LLC Invests $1.60 Million in nVent Electric PLC $NVT

Segall Bryant & Hamill LLC purchased a new position in shares of nVent Electric PLC (NYSE:NVT) in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 14,420 shares of the company’s stock, valued at approximately $1,602,000.

A number of other hedge funds have also recently added to or reduced their stakes in NVT. AlTi Global Inc. boosted its holdings in nVent Electric by 1.8% in the 1st quarter. AlTi Global Inc. now owns 4,081 shares of the company’s stock valued at $483,000 after purchasing an additional 74 shares in the last quarter. Meeder Advisory Services Inc. raised its stake in shares of nVent Electric by 0.9% during the 1st quarter. Meeder Advisory Services Inc. now owns 8,260 shares of the company’s stock worth $977,000 after buying an additional 77 shares in the last quarter. Gamco Investors INC. ET AL raised its stake in shares of nVent Electric by 1.0% during the 1st quarter. Gamco Investors INC. ET AL now owns 9,864 shares of the company’s stock worth $1,167,000 after buying an additional 93 shares in the last quarter. Annex Advisory Services LLC lifted its holdings in shares of nVent Electric by 3.0% in the 4th quarter. Annex Advisory Services LLC now owns 3,243 shares of the company’s stock valued at $331,000 after buying an additional 94 shares during the period. Finally, NewEdge Wealth LLC lifted its holdings in shares of nVent Electric by 3.7% in the 4th quarter. NewEdge Wealth LLC now owns 2,620 shares of the company’s stock valued at $267,000 after buying an additional 94 shares during the period. Institutional investors and hedge funds own 90.05% of the company’s stock.

nVent Electric Price Performance

Shares of NYSE:NVT opened at $162.28 on Wednesday. The firm has a market capitalization of $26.27 billion, a price-to-earnings ratio of 44.34, a price-to-earnings-growth ratio of 1.36 and a beta of 1.37. 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 business’s 50 day simple moving average is $161.78 and its 200-day simple moving average is $139.91. nVent Electric PLC has a 12 month low of $85.72 and a 12 month high of $184.64.

nVent Electric (NYSE:NVT) last released its quarterly earnings data on Friday, July 31st. The company reported $1.45 earnings per share for the quarter, beating the consensus estimate of $1.16 by $0.29. The firm had revenue of $1.47 billion during the quarter, compared to the consensus estimate of $1.26 billion. nVent Electric had a return on equity of 18.85% and a net margin of 12.38%.nVent Electric’s quarterly revenue was up 52.8% on a year-over-year basis. During the same period last year, the business posted $0.86 EPS. 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, equities analysts forecast that nVent Electric PLC will post 5.05 earnings per share for the current fiscal year.

nVent Electric Announces Dividend

The company also recently announced 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. The ex-dividend date of this dividend is Friday, July 24th. This represents a $0.84 annualized dividend and a yield of 0.5%. nVent Electric’s dividend payout ratio is 22.95%.

nVent Electric declared that its Board of Directors has initiated a share repurchase program 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 stock through open market purchases. Stock buyback programs are usually an indication that the company’s management believes its stock is undervalued.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on the company. Zacks Research raised nVent Electric from a “hold” rating to a “strong-buy” rating in a report on Monday, May 4th. Roth Capital reissued a “buy” rating and issued a $195.00 target price on shares of nVent Electric in a report on Monday. Royal Bank Of Canada boosted their target price on shares of nVent Electric from $193.00 to $200.00 and gave the stock an “outperform” rating in a research report on Monday. KeyCorp upped their price target on shares of nVent Electric from $140.00 to $185.00 and gave the stock an “overweight” rating in a research note on Monday, May 4th. Finally, The Goldman Sachs Group reiterated a “buy” rating and issued a $200.00 price target on shares of nVent Electric in a report on Saturday. Three analysts have rated the stock with a Strong Buy rating and fourteen have given a Buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Buy” and an average target price of $198.79.

Insider Activity

In related news, CMO Martha Claire Bennett sold 3,778 shares of the business’s stock in a transaction dated Monday, May 11th. The shares were sold at an average price of $170.00, for a total value of $642,260.00. Following the sale, the chief marketing officer directly owned 225 shares in the company, valued at $38,250. The trade was a 94.38% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Sara E. Zawoyski sold 29,412 shares of the business’s stock in a transaction dated Wednesday, May 13th. The stock was sold at an average price of $172.49, for a total transaction of $5,073,275.88. Following the completion of the sale, the insider owned 97,068 shares in the company, valued at $16,743,259.32. This represents a 23.25% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 49,132 shares of company stock worth $8,489,444 over the last 90 days. 1.70% of the stock is currently owned by corporate insiders.

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.