nVent Electric PLC $NVT Shares Acquired by Algert Global LLC

Algert Global LLC increased its position in shares of nVent Electric PLC (NYSE:NVT) by 48.7% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 179,941 shares of the company’s stock after buying an additional 58,955 shares during the quarter. Algert Global LLC owned about 0.11% of nVent Electric worth $17,749,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in the business. Norges Bank acquired a new stake in nVent Electric during the second quarter worth $234,290,000. Massachusetts Financial Services Co. MA grew its holdings in shares of nVent Electric by 146.0% during the 2nd quarter. Massachusetts Financial Services Co. MA now owns 3,195,543 shares of the company’s stock worth $234,074,000 after purchasing an additional 1,896,749 shares during the period. Champlain Investment Partners LLC grew its holdings in shares of nVent Electric by 26.8% during the 2nd quarter. Champlain Investment Partners LLC now owns 2,260,240 shares of the company’s stock worth $165,563,000 after purchasing an additional 477,135 shares during the period. Bank of New York Mellon Corp increased its position in shares of nVent Electric by 1.9% during the 3rd quarter. Bank of New York Mellon Corp now owns 1,715,006 shares of the company’s stock worth $169,168,000 after purchasing an additional 32,128 shares during the last quarter. Finally, Merewether Investment Management LP increased its position in shares of nVent Electric by 59.2% during the 3rd quarter. Merewether Investment Management LP now owns 1,699,674 shares of the company’s stock worth $167,656,000 after purchasing an additional 631,800 shares during the last quarter. 90.05% of the stock is currently owned by institutional investors and hedge funds.

nVent Electric Stock Up 1.8%

Shares of NYSE:NVT opened at $109.86 on Friday. The firm has a market capitalization of $17.77 billion, a PE ratio of 25.55, a price-to-earnings-growth ratio of 1.14 and a beta of 1.31. nVent Electric PLC has a 1 year low of $41.71 and a 1 year high of $122.92. 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 moving average is $112.29 and its two-hundred day moving average is $105.23.

nVent Electric (NYSE:NVT) last posted its quarterly earnings data on Friday, February 6th. The company reported $0.90 EPS 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 analyst estimates of $1 billion. nVent Electric had a net margin of 18.25% and a return on equity of 15.18%. The business’s revenue for the quarter was up 41.9% compared to the same quarter last year. During the same quarter last year, the firm posted $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 predict 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. Shareholders of record on Friday, April 24th will be paid a $0.21 dividend. The ex-dividend date is Friday, April 24th. This represents a $0.84 annualized dividend and a dividend yield of 0.8%. nVent Electric’s payout ratio is 19.53%.

Analyst Ratings Changes

A number of research analysts have commented on NVT shares. UBS Group reaffirmed a “buy” rating and issued a $135.00 target price on shares of nVent Electric in a research report on Friday. Glj Research began coverage on shares of nVent Electric in a research report on Thursday, March 5th. They set a “buy” rating and a $151.00 price target for the company. Wolfe Research raised shares of nVent Electric to an “outperform” rating in a research note on Monday, February 9th. KeyCorp upped their price objective on shares of nVent Electric from $125.00 to $130.00 and gave the stock an “overweight” rating in a report on Monday, February 9th. Finally, 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. Eleven analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $129.78.

Insiders Place Their Bets

In related news, Director Jerry W. Burris sold 5,244 shares of nVent Electric stock in a transaction on Friday, February 6th. The stock was sold at an average price of $112.27, for a total value of $588,743.88. Following the completion of the transaction, the director directly owned 46,371 shares in the company, valued at approximately $5,206,072.17. This trade represents a 10.16% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Susan M. Cameron sold 5,000 shares of the business’s stock in a transaction on Tuesday, February 10th. The stock was sold at an average price of $114.52, for a total value of $572,600.00. Following the transaction, the director directly owned 13,405 shares of the company’s stock, valued at $1,535,140.60. The trade was a 27.17% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 17,841 shares of company stock worth $2,046,166 over the last 90 days. Corporate insiders own 1.80% of the company’s stock.

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.