Rep. Thomas H. Kean, Jr. Buys nVent Electric plc (NYSE:NVT) Shares

Representative Thomas H. Kean, Jr. (R-New Jersey) recently bought shares of nVent Electric plc (NYSE:NVT). In a filing disclosed on April 18th, the Representative disclosed that they had bought between $1,001 and $15,000 in nVent Electric stock on March 7th. The trade occurred in the Representative’s “KEAN FAMILY PARTNERSHIP” account.

Representative Thomas H. Kean, Jr. also recently made the following trade(s):

• Purchased $1,001 – $15,000 in shares of Illumina (NASDAQ:ILMN) on 4/1/2025.
• Purchased $1,001 – $15,000 in shares of nVent Electric (NYSE:NVT) on 4/1/2025.
• Purchased $1,001 – $15,000 in shares of Amazon.com (NASDAQ:AMZN) on 2/26/2025.
• Sold $15,001 – $50,000 in shares of Stryker (NYSE:SYK) on 2/26/2025.
• Sold $1,001 – $15,000 in shares of Magnera (NYSE:MAGN) on 2/12/2025.
• Sold $1,001 – $15,000 in shares of Pernod Ricard (OTC:PRNDY) on 2/7/2025.
• Purchased $1,001 – $15,000 in shares of Mondelez International (NASDAQ:MDLZ) on 2/7/2025.
• Purchased $1,001 – $15,000 in shares of Microsoft (NASDAQ:MSFT) on 1/31/2025.

nVent Electric Trading Up 4.1 %

nVent Electric stock opened at $52.30 on Thursday. nVent Electric plc has a 12 month low of $41.71 and a 12 month high of $86.57. The company has a current ratio of 1.73, a quick ratio of 1.28 and a debt-to-equity ratio of 0.65. The business’s fifty day simple moving average is $54.93 and its two-hundred day simple moving average is $66.22. The company has a market capitalization of $8.61 billion, a price-to-earnings ratio of 26.68, a price-to-earnings-growth ratio of 1.48 and a beta of 1.21.

nVent Electric (NYSE:NVT) last posted its quarterly earnings results on Thursday, February 6th. The company reported $0.59 EPS for the quarter, meeting analysts’ consensus estimates of $0.59. nVent Electric had a net margin of 10.09% and a return on equity of 14.52%. As a group, equities analysts predict that nVent Electric plc will post 3.04 earnings per share for the current fiscal year.

nVent Electric Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, May 9th. Investors of record on Friday, April 25th will be given a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a yield of 1.53%. The ex-dividend date of this dividend is Friday, April 25th. nVent Electric’s dividend payout ratio (DPR) is presently 40.82%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of the business. Crews Bank & Trust purchased a new position in nVent Electric during the fourth quarter valued at $26,000. Capital A Wealth Management LLC purchased a new position in shares of nVent Electric during the 4th quarter valued at about $27,000. Whipplewood Advisors LLC lifted its position in shares of nVent Electric by 467.3% during the 1st quarter. Whipplewood Advisors LLC now owns 607 shares of the company’s stock valued at $32,000 after buying an additional 500 shares in the last quarter. Park Square Financial Group LLC bought a new position in shares of nVent Electric during the 4th quarter valued at approximately $38,000. Finally, Tsfg LLC purchased a new stake in nVent Electric in the 4th quarter worth approximately $51,000. Hedge funds and other institutional investors own 90.05% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms recently commented on NVT. Barclays dropped their price objective on nVent Electric from $70.00 to $65.00 and set an “overweight” rating on the stock in a research report on Thursday, April 10th. Royal Bank of Canada lifted their price target on shares of nVent Electric from $85.00 to $86.00 and gave the stock an “outperform” rating in a research note on Friday, February 7th. The Goldman Sachs Group lowered their price objective on shares of nVent Electric from $86.00 to $74.00 and set a “buy” rating on the stock in a research report on Wednesday, April 2nd. KeyCorp cut their target price on shares of nVent Electric from $75.00 to $60.00 and set an “overweight” rating for the company in a research report on Tuesday, April 8th. Finally, Seaport Res Ptn raised nVent Electric from a “hold” rating to a “strong-buy” rating in a report on Friday, March 21st. Six analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Buy” and a consensus target price of $69.00.

About Representative Kean

Thomas Kean Jr. (Republican Party) is a member of the U.S. House, representing New Jersey’s 7th Congressional District. He assumed office on January 3, 2023. His current term ends on January 3, 2027.

Kean (Republican Party) is running for re-election to the U.S. House to represent New Jersey’s 7th Congressional District. He declared candidacy for the 2026 election.

Thomas Kean Jr. lives in Westfield, New Jersey. Kean earned a master’s degree from the Tufts University Fletcher School of Law and Diplomacy. His career experience includes working with the Environmental Protection Agency during the George H.W. Bush administration and as an advisor to former U.S. Representative Bob Franks, a firefighter, and an emergency medical technician. Kean has served as the vice president of a fire department.

About nVent Electric

nVent Electric plc, together with its subsidiaries, designs, manufactures, markets, installs, and services electrical connection and protection solutions in North America, Europe, the Middle East, Africa, the Asia Pacific, and internationally. The company operates through three segments: Enclosures, Electrical & Fastening Solutions, and Thermal Management.