Artisan Partners Limited Partnership Reduces Holdings in nVent Electric PLC $NVT

Artisan Partners Limited Partnership reduced its stake in nVent Electric PLC (NYSE:NVT) by 29.9% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 619,276 shares of the company’s stock after selling 264,312 shares during the quarter. Artisan Partners Limited Partnership owned about 0.38% of nVent Electric worth $61,085,000 as of its most recent SEC filing.

A number of other institutional investors also recently bought and sold shares of the stock. Norges Bank acquired a new position in nVent Electric during the 2nd quarter valued at approximately $234,290,000. Massachusetts Financial Services Co. MA increased its position in shares of nVent Electric by 146.0% in the 2nd quarter. Massachusetts Financial Services Co. MA now owns 3,195,543 shares of the company’s stock valued at $234,074,000 after acquiring an additional 1,896,749 shares during the period. Merewether Investment Management LP purchased a new position in nVent Electric in the 2nd quarter worth $78,222,000. Valeo Financial Advisors LLC acquired a new stake in nVent Electric during the 2nd quarter worth about $48,443,000. Finally, Bank of America Corp DE lifted its position in nVent Electric by 93.4% during the 2nd quarter. Bank of America Corp DE now owns 998,452 shares of the company’s stock worth $73,137,000 after acquiring an additional 482,083 shares during the period. 90.05% of the stock is currently owned by institutional investors and hedge funds.

nVent Electric Price Performance

Shares of NYSE NVT opened at $118.33 on Friday. The company has a debt-to-equity ratio of 0.41, a current ratio of 1.63 and a quick ratio of 1.16. The firm’s 50 day simple moving average is $110.84 and its 200-day simple moving average is $103.64. nVent Electric PLC has a 12 month low of $41.71 and a 12 month high of $122.92. The stock has a market capitalization of $19.14 billion, a price-to-earnings ratio of 27.52, a PEG ratio of 1.27 and a beta of 1.33.

nVent Electric (NYSE:NVT) last announced its quarterly earnings results on Friday, February 6th. The company reported $0.90 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.89 by $0.01. nVent Electric had a net margin of 18.25% and a return on equity of 15.18%. The firm had revenue of $1.07 billion for the quarter, compared to the consensus estimate of $1 billion. During the same period in the prior year, the firm posted $0.59 earnings per share. The firm’s quarterly revenue was up 41.9% compared to the same quarter last year. 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. Analysts expect that nVent Electric PLC will post 3.04 EPS for the current year.

nVent Electric Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, May 8th. Investors of record on Friday, April 24th will be paid a $0.21 dividend. This represents a $0.84 annualized dividend and a dividend yield of 0.7%. The ex-dividend date is Friday, April 24th. nVent Electric’s payout ratio is currently 19.53%.

Analysts Set New Price Targets

NVT has been the topic of a number of research reports. Citigroup increased their price objective on nVent Electric from $131.00 to $133.00 and gave the company a “buy” rating in a report on Monday, February 9th. Barclays raised their price target on shares of nVent Electric from $140.00 to $141.00 and gave the stock an “overweight” rating in a research report on Monday, February 9th. KeyCorp upped their price objective on shares of nVent Electric from $125.00 to $130.00 and gave the company an “overweight” rating in a report on Monday, February 9th. Weiss Ratings lowered shares of nVent Electric from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Tuesday. Finally, Roth Mkm reissued a “buy” rating and set a $130.00 target price (up from $115.00) on shares of nVent Electric in a report on Monday, November 3rd. Nine investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat.com, nVent Electric presently has an average rating of “Moderate Buy” and an average target price of $126.25.

Insider Buying and Selling

In other nVent Electric news, CEO Beth Wozniak sold 7,597 shares of the stock in a transaction that occurred on Wednesday, February 11th. The stock was sold at an average price of $116.47, for a total transaction of $884,822.59. Following the transaction, the chief executive officer owned 52,990 shares in the company, valued at approximately $6,171,745.30. This represents a 12.54% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Jerry W. Burris sold 5,244 shares of the firm’s stock in a transaction that occurred on Friday, February 6th. The shares were sold at an average price of $112.27, for a total value of $588,743.88. Following the completion of the sale, the director directly owned 46,371 shares in the company, valued at approximately $5,206,072.17. The trade was a 10.16% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders sold 17,841 shares of company stock valued at $2,046,166. 1.80% of the stock is owned by company insiders.

nVent Electric 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.