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

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 April 1st. 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 3/7/2025.
• 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 0.8 %

Shares of nVent Electric stock traded up $0.45 on Friday, reaching $54.90. The company had a trading volume of 1,035,135 shares, compared to its average volume of 1,891,657. nVent Electric plc has a 52-week low of $41.71 and a 52-week high of $86.57. The firm's 50 day moving average price is $54.65 and its two-hundred day moving average price is $66.10. The firm has a market cap of $9.04 billion, a PE ratio of 28.01, a PEG ratio of 1.48 and a beta of 1.21. The company has a debt-to-equity ratio of 0.65, a quick ratio of 1.28 and a current ratio of 1.73.

nVent Electric (NYSE:NVT - Get Free Report) last released its earnings results on Thursday, February 6th. The company reported $0.59 EPS for the quarter, hitting the consensus estimate of $0.59. nVent Electric had a return on equity of 14.52% and a net margin of 10.09%. Sell-side analysts predict that nVent Electric plc will post 3.04 earnings per share for the current fiscal year.

nVent Electric Dividend Announcement

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 issued a $0.20 dividend. The ex-dividend date is Friday, April 25th. This represents a $0.80 annualized dividend and a yield of 1.46%. nVent Electric's dividend payout ratio (DPR) is currently 40.82%.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on NVT. Citigroup decreased their price objective on shares of nVent Electric from $85.00 to $59.00 and set a "buy" rating for the company in a research report on Monday, April 14th. KeyCorp dropped their price objective on nVent Electric from $75.00 to $60.00 and set an "overweight" rating on the stock in a report on Tuesday, April 8th. CL King upgraded nVent Electric from a "neutral" rating to a "buy" rating and set a $70.00 target price for the company in a research note on Monday, March 17th. Royal Bank of Canada increased their price target on shares of nVent Electric from $85.00 to $86.00 and gave the company an "outperform" rating in a research note on Friday, February 7th. Finally, The Goldman Sachs Group decreased their price objective on shares of nVent Electric from $86.00 to $74.00 and set a "buy" rating for the company in a research note on Wednesday, April 2nd. Six equities research analysts have rated the stock with a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat, the company has an average rating of "Buy" and an average price target of $69.00.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of NVT. Nordea Investment Management AB increased its position in nVent Electric by 16.9% in the 4th quarter. Nordea Investment Management AB now owns 93,172 shares of the company's stock valued at $6,378,000 after acquiring an additional 13,483 shares during the period. Harbor Capital Advisors Inc. purchased a new position in shares of nVent Electric in the 4th quarter valued at approximately $1,520,000. TT International Asset Management LTD increased its holdings in shares of nVent Electric by 20.4% in the fourth quarter. TT International Asset Management LTD now owns 108,395 shares of the company's stock valued at $7,388,000 after purchasing an additional 18,376 shares during the period. LVM Capital Management Ltd. MI raised its stake in shares of nVent Electric by 8.1% during the fourth quarter. LVM Capital Management Ltd. MI now owns 151,221 shares of the company's stock worth $10,307,000 after purchasing an additional 11,349 shares during the last quarter. Finally, Pacer Advisors Inc. lifted its holdings in shares of nVent Electric by 12.4% during the fourth quarter. Pacer Advisors Inc. now owns 55,790 shares of the company's stock worth $3,803,000 after purchasing an additional 6,175 shares during the period. 90.05% of the stock is currently owned by institutional investors and hedge funds.

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.