nVent Electric (NYSE:NVT) Shares Acquired Rep. Thomas H. Kean, Jr.

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 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 Price Performance

Shares of NVT traded up $1.54 during mid-day trading on Tuesday, reaching $49.87. 273,421 shares of the company’s stock were exchanged, compared to its average volume of 1,884,270. The company has a quick ratio of 1.28, a current ratio of 1.73 and a debt-to-equity ratio of 0.65. The company has a 50-day simple moving average of $55.59 and a two-hundred day simple moving average of $66.43. The company has a market cap of $8.21 billion, a price-to-earnings ratio of 25.36, a PEG ratio of 1.48 and a beta of 1.21. nVent Electric plc has a 52-week low of $41.71 and a 52-week high of $86.57.

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

nVent Electric Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, May 9th. Shareholders of record on Friday, April 25th will be issued a $0.20 dividend. This represents a $0.80 annualized dividend and a dividend yield of 1.60%. The ex-dividend date of this dividend is Friday, April 25th. nVent Electric’s dividend payout ratio (DPR) is presently 40.82%.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on NVT. Seaport Res Ptn raised nVent Electric from a “hold” rating to a “strong-buy” rating in a research note on Friday, March 21st. Barclays decreased their price target on shares of nVent Electric from $70.00 to $65.00 and set an “overweight” rating on the stock in a report on Thursday, April 10th. The Goldman Sachs Group lowered their price target on nVent Electric from $86.00 to $74.00 and set a “buy” rating for the company in a research report on Wednesday, April 2nd. 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 report on Monday, March 17th. Finally, Citigroup cut their price target on shares of nVent Electric from $85.00 to $59.00 and set a “buy” rating on the stock in a report on Monday, April 14th. Six investment analysts have rated the stock with a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Buy” and a consensus price target of $69.00.

Institutional Trading of nVent Electric

A number of hedge funds have recently made changes to their positions in NVT. Praxis Investment Management Inc. grew its stake in nVent Electric by 33.8% in the first quarter. Praxis Investment Management Inc. now owns 5,350 shares of the company’s stock worth $280,000 after purchasing an additional 1,350 shares in the last quarter. Johnson Investment Counsel Inc. raised its stake in nVent Electric by 8.1% during the first quarter. Johnson Investment Counsel Inc. now owns 1,704,025 shares of the company’s stock worth $89,325,000 after acquiring an additional 128,023 shares during the period. Mountain Pacific Investment Advisers LLC boosted its stake in nVent Electric by 8.4% in the first quarter. Mountain Pacific Investment Advisers LLC now owns 208,188 shares of the company’s stock valued at $10,913,000 after acquiring an additional 16,138 shares during the period. Janney Montgomery Scott LLC boosted its stake in nVent Electric by 6.2% in the first quarter. Janney Montgomery Scott LLC now owns 27,252 shares of the company’s stock valued at $1,429,000 after acquiring an additional 1,591 shares during the period. Finally, Good Life Advisors LLC grew its holdings in shares of nVent Electric by 1.2% during the first quarter. Good Life Advisors LLC now owns 41,369 shares of the company’s stock valued at $2,169,000 after purchasing an additional 477 shares during the last quarter. Institutional investors and hedge funds own 90.05% of the company’s stock.

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.