(RTTNews) - nVent Electric plc (NVT) announced that its board has approved a 3-year share repurchase program pursuant to which the company may repurchase up to $500 million of nVent shares effective on July 23, 2026. The program is in addition to nVents existing authorization approved in July 2024, which expires July 23, 2027.
nVent said it has approximately $96 million remaining under the July 2024 authorization. As of March 31, 2026, the company had approximately 162 million common shares outstanding.
NVT closed Friday's regular trading at $169.01 down $4.95 or 2.85%.
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