Congress Asset Management Co. Cuts Stake in nVent Electric PLC $NVT

Congress Asset Management Co. trimmed its stake in nVent Electric PLC (NYSE:NVT) by 6.8% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 1,156,999 shares of the company’s stock after selling 84,385 shares during the quarter. Congress Asset Management Co. owned about 0.72% of nVent Electric worth $117,979,000 as of its most recent filing with the SEC.

Other large investors also recently bought and sold shares of the company. TABR Capital Management LLC purchased a new position in shares of nVent Electric in the 4th quarter worth about $3,284,000. Continuum Advisory LLC purchased a new stake in shares of nVent Electric during the 3rd quarter worth about $1,630,000. Nordea Investment Management AB grew its holdings in shares of nVent Electric by 10.0% during the 3rd quarter. Nordea Investment Management AB now owns 129,655 shares of the company’s stock worth $12,671,000 after purchasing an additional 11,804 shares during the period. Pacer Advisors Inc. increased its position in nVent Electric by 51.0% during the 3rd quarter. Pacer Advisors Inc. now owns 30,535 shares of the company’s stock worth $3,012,000 after purchasing an additional 10,307 shares in the last quarter. Finally, Robeco Institutional Asset Management B.V. increased its position in nVent Electric by 173.8% during the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 52,856 shares of the company’s stock worth $5,214,000 after purchasing an additional 33,549 shares in the last quarter. Hedge funds and other institutional investors own 90.05% of the company’s stock.

Insider Transactions at nVent Electric

In related news, CEO Beth Wozniak sold 7,597 shares of the business’s stock in a transaction dated Wednesday, February 11th. The stock was sold at an average price of $116.47, for a total value 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. The trade was a 12.54% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Susan M. Cameron sold 5,000 shares of the business’s stock in a transaction dated Tuesday, February 10th. The stock was sold at an average price of $114.52, for a total value of $572,600.00. Following the completion of the transaction, the director owned 13,405 shares in the company, valued at approximately $1,535,140.60. This trade represents a 27.17% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders have sold 17,841 shares of company stock valued at $2,046,166. 1.80% of the stock is currently owned by insiders.

nVent Electric Trading Up 4.4%

NVT opened at $121.37 on Tuesday. The firm has a market capitalization of $19.63 billion, a P/E ratio of 28.22, a P/E/G ratio of 1.21 and a beta of 1.31. The firm’s 50 day moving average is $113.74 and its 200-day moving average is $106.50. nVent Electric PLC has a 52-week low of $41.71 and a 52-week high of $124.22. The company has a quick ratio of 1.16, a current ratio of 1.63 and a debt-to-equity ratio of 0.41.

nVent Electric (NYSE:NVT) last announced its earnings results on Friday, February 6th. The company reported $0.90 earnings per share for the quarter, beating the consensus estimate of $0.89 by $0.01. The business had revenue of $1.07 billion during the quarter, compared to the consensus estimate of $1 billion. nVent Electric had a net margin of 18.25% and a return on equity of 15.18%. The business’s quarterly revenue was up 41.9% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.59 earnings per share. 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 fiscal year.

nVent Electric Announces Dividend

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

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on the stock. Roth Mkm lifted their price target on shares of nVent Electric from $130.00 to $135.00 and gave the company a “buy” rating in a research report on Monday. Citigroup increased their price objective on shares of nVent Electric from $131.00 to $133.00 and gave the stock a “buy” rating in a research report on Monday, February 9th. UBS Group reissued a “buy” rating and issued a $135.00 target price on shares of nVent Electric in a research note on Friday, March 13th. KeyCorp lifted their target price 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. Finally, Zacks Research cut shares of nVent Electric from a “strong-buy” rating to a “hold” rating in a research report on Friday, February 6th. Ten analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat.com, nVent Electric currently has an average rating of “Moderate Buy” and a consensus target price of $138.50.

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.