33,404 Shares in nVent Electric PLC $NVT Acquired by Globeflex Capital L P

Globeflex Capital L P acquired a new position in shares of nVent Electric PLC (NYSE:NVT) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 33,404 shares of the company’s stock, valued at approximately $5,666,000.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Norges Bank acquired a new stake in shares of nVent Electric during the 4th quarter worth $245,955,000. Price T Rowe Associates Inc. MD raised its stake in nVent Electric by 361.9% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 2,577,555 shares of the company’s stock valued at $262,835,000 after purchasing an additional 2,019,483 shares in the last quarter. Balyasny Asset Management L.P. raised its stake in nVent Electric by 3,467.1% in 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 purchasing an additional 1,288,924 shares in the last quarter. Merewether Investment Management LP acquired a new position in nVent Electric in the second quarter valued at about $78,222,000. Finally, Amundi lifted its position in nVent Electric by 146.8% during the first quarter. Amundi now owns 1,092,802 shares of the company’s stock worth $129,257,000 after purchasing an additional 649,992 shares during the period. 90.05% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on NVT. Seaport Research Partners reiterated a “buy” rating and set a $215.00 price objective on shares of nVent Electric in a research note on Monday, August 3rd. Citigroup boosted their target price on shares of nVent Electric from $203.00 to $215.00 and gave the company a “buy” rating in a research report on Monday, August 3rd. Royal Bank Of Canada upped their price target on shares of nVent Electric from $193.00 to $200.00 and gave the stock an “outperform” rating in a report on Monday, August 3rd. KeyCorp increased their price target on shares of nVent Electric from $140.00 to $185.00 and gave the stock an “overweight” rating in a research report on Monday, May 4th. Finally, Wolfe Research reissued an “outperform” rating and issued a $191.00 price objective on shares of nVent Electric in a research note on Thursday, July 9th. Three research analysts have rated the stock with a Strong Buy rating and fourteen have assigned a Buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Buy” and a consensus target price of $198.79.

nVent Electric Price Performance

Shares of NVT stock opened at $152.12 on Monday. The business has a fifty day simple moving average of $161.09 and a 200 day simple moving average of $144.70. The company has a market cap of $24.62 billion, a P/E ratio of 41.56, a P/E/G ratio of 1.28 and a beta of 1.37. The company has a quick ratio of 1.33, a current ratio of 1.80 and a debt-to-equity ratio of 0.37. nVent Electric PLC has a twelve month low of $87.16 and a twelve month 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 (EPS) for the quarter, beating analysts’ consensus estimates of $1.16 by $0.29. The firm had revenue of $1.47 billion for the quarter, compared to analysts’ expectations of $1.26 billion. nVent Electric had a return on equity of 18.85% and a net margin of 12.38%.The business’s revenue for the quarter was up 52.8% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.86 earnings per share. 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. On average, sell-side analysts forecast that nVent Electric PLC will post 5.13 EPS for the current fiscal year.

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

Insider Activity

In related news, insider Der Kolk Robert J. Van sold 5,858 shares of the company’s stock in a transaction that occurred on Monday, August 10th. The shares were sold at an average price of $164.32, for a total transaction of $962,586.56. Following the completion of the transaction, the insider directly owned 27,387 shares in the company, valued at $4,500,231.84. This represents a 17.62% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Beth Wozniak sold 46,261 shares of the stock in a transaction that occurred on Wednesday, August 5th. The shares were sold at an average price of $164.42, for a total transaction of $7,606,233.62. Following the completion of the transaction, the chief executive officer directly owned 55,612 shares of the company’s stock, valued at approximately $9,143,725.04. The trade was a 45.41% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders have sold 74,644 shares of company stock worth $12,276,886. Corporate insiders own 1.70% of the company’s stock.

nVent Electric Company 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.