Insider Selling: nVent Electric (NYSE:NVT) Director Sells $588,743.88 in Stock

nVent Electric PLC (NYSE:NVT) Director Jerry Burris sold 5,244 shares of the firm’s stock in a transaction dated Friday, February 6th. The shares were sold at an average price of $112.27, for a total value of $588,743.88. Following the sale, the director directly owned 46,371 shares in the company, valued at approximately $5,206,072.17. This represents a 10.16% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

nVent Electric Stock Performance

NYSE:NVT opened at $112.78 on Thursday. The stock has a 50-day moving average price of $107.90 and a 200 day moving average price of $101.18. The stock has a market capitalization of $18.20 billion, a P/E ratio of 26.23, a P/E/G ratio of 1.17 and a beta of 1.33. nVent Electric PLC has a 12-month low of $41.71 and a 12-month high of $120.85. The company has a current ratio of 1.63, a quick ratio of 1.16 and a debt-to-equity ratio of 0.41.

nVent Electric (NYSE:NVT) last announced its quarterly earnings data on Friday, February 6th. The company reported $0.90 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.89 by $0.01. The business had revenue of $1.07 billion during the quarter, compared to analyst estimates of $1 billion. nVent Electric had a net margin of 18.25% and a return on equity of 15.18%. The company’s revenue was up 41.9% on a year-over-year basis. During the same period last year, the firm posted $0.59 EPS. nVent Electric has set its Q1 2026 guidance at 0.900-0.930 EPS and its FY 2026 guidance at 4.000-4.150 EPS. Equities research analysts forecast that nVent Electric PLC will post 3.04 EPS for the current fiscal year.

nVent Electric Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, February 6th. Shareholders of record on Friday, January 23rd were paid a $0.21 dividend. This represents a $0.84 dividend on an annualized basis and a yield of 0.7%. The ex-dividend date of this dividend was Friday, January 23rd. This is a positive change from nVent Electric’s previous quarterly dividend of $0.20. nVent Electric’s dividend payout ratio is presently 19.53%.

Institutional Trading of nVent Electric

Institutional investors have recently modified their holdings of the company. AQR Capital Management LLC lifted its position in nVent Electric by 33.1% during the first quarter. AQR Capital Management LLC now owns 94,968 shares of the company’s stock valued at $4,841,000 after acquiring an additional 23,606 shares during the last quarter. Jones Financial Companies Lllp grew its stake in nVent Electric by 575.6% during the 1st quarter. Jones Financial Companies Lllp now owns 8,803 shares of the company’s stock worth $461,000 after buying an additional 7,500 shares during the last quarter. Geneos Wealth Management Inc. grew its stake in nVent Electric by 436.0% during the 1st quarter. Geneos Wealth Management Inc. now owns 1,072 shares of the company’s stock worth $56,000 after buying an additional 872 shares during the last quarter. QRG Capital Management Inc. increased its position in nVent Electric by 6.2% during the 2nd quarter. QRG Capital Management Inc. now owns 4,637 shares of the company’s stock valued at $340,000 after buying an additional 269 shares in the last quarter. Finally, KLP Kapitalforvaltning AS raised its stake in nVent Electric by 6.3% in the second quarter. KLP Kapitalforvaltning AS now owns 37,300 shares of the company’s stock valued at $2,732,000 after buying an additional 2,200 shares during the last quarter. 90.05% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

NVT has been the topic of several research reports. Wolfe Research upgraded shares of nVent Electric to an “outperform” rating in a research report on Monday. UBS Group initiated coverage on shares of nVent Electric in a report on Thursday, November 20th. They issued a “buy” rating and a $128.00 price target for the company. Zacks Research lowered nVent Electric from a “strong-buy” rating to a “hold” rating in a research report on Friday, February 6th. The Goldman Sachs Group upped their price objective on nVent Electric from $111.00 to $140.00 and gave the company a “buy” rating in a research report on Monday, November 3rd. Finally, Barclays lifted their target price on nVent Electric from $140.00 to $141.00 and gave the stock an “overweight” rating in a report on Monday. Ten research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat, nVent Electric presently has a consensus rating of “Moderate Buy” and a consensus target price of $126.25.

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.