1832 Asset Management L.P. Has $6.77 Million Stock Position in nVent Electric PLC $NVT

Key Points

• 1832 Asset Management L.P. has reduced its stake in nVent Electric PLC by 20.5%, now owning approximately $6.77 million worth of shares, as disclosed in their latest 13F filing.
• Several institutional investors, like XTX Topco Ltd and Farther Finance Advisors LLC, have significantly increased their stakes in nVent Electric, reflecting strong institutional interest in the company.
• Analysts have raised their price targets for nVent Electric, with Goldman Sachs setting a new target at $87.00, indicating a positive outlook for the company's stock performance.

1832 Asset Management L.P. decreased its stake in shares of nVent Electric PLC (NYSE:NVT - Free Report) by 20.5% during the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 129,077 shares of the company's stock after selling 33,261 shares during the quarter. 1832 Asset Management L.P. owned about 0.08% of nVent Electric worth $6,766,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. XTX Topco Ltd raised its stake in nVent Electric by 192.2% in the first quarter. XTX Topco Ltd now owns 12,284 shares of the company's stock valued at $644,000 after buying an additional 8,080 shares during the period. Farther Finance Advisors LLC raised its stake in nVent Electric by 381.0% in the first quarter. Farther Finance Advisors LLC now owns 1,996 shares of the company's stock valued at $106,000 after buying an additional 1,581 shares during the period. GAMMA Investing LLC raised its stake in nVent Electric by 74.3% in the first quarter. GAMMA Investing LLC now owns 3,476 shares of the company's stock valued at $182,000 after buying an additional 1,482 shares during the period. Janney Montgomery Scott LLC raised 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 buying an additional 1,591 shares during the period. Finally, Robeco Institutional Asset Management B.V. raised its stake in nVent Electric by 27.4% in the first quarter. Robeco Institutional Asset Management B.V. now owns 19,307 shares of the company's stock valued at $1,012,000 after buying an additional 4,149 shares during the period. Institutional investors own 90.05% of the company's stock.

Insider Transactions at nVent Electric

In other nVent Electric news, CAO Randolph A. Wacker sold 3,000 shares of the firm's stock in a transaction on Thursday, August 7th. The stock was sold at an average price of $89.09, for a total value of $267,270.00. Following the sale, the chief accounting officer owned 27,525 shares of the company's stock, valued at approximately $2,452,202.25. This trade represents a 9.83% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO Beth Wozniak sold 42,331 shares of the firm's stock in a transaction on Monday, August 18th. The shares were sold at an average price of $89.21, for a total value of $3,776,348.51. Following the completion of the sale, the chief executive officer directly owned 49,196 shares in the company, valued at approximately $4,388,775.16. This represents a 46.25% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 261,111 shares of company stock worth $23,367,520. 2.50% of the stock is owned by insiders.

Analysts Set New Price Targets

Several research firms have issued reports on NVT. The Goldman Sachs Group upped their price objective on nVent Electric from $78.00 to $87.00 and gave the company a "buy" rating in a research note on Monday, July 7th. Citigroup upped their target price on nVent Electric from $69.00 to $86.00 and gave the company a "buy" rating in a research report on Monday, July 14th. KeyCorp upped their target price on nVent Electric from $78.00 to $84.00 and gave the company an "overweight" rating in a research report on Tuesday, July 15th. Royal Bank Of Canada reaffirmed an "outperform" rating and issued a $102.00 target price (up previously from $85.00) on shares of nVent Electric in a research report on Monday, August 4th. Finally, Roth Capital reaffirmed a "buy" rating and issued a $100.00 target price (up previously from $89.00) on shares of nVent Electric in a research report on Monday, August 4th. One research analyst has rated the stock with a Strong Buy rating and seven have issued a Buy rating to the company's stock. According to MarketBeat.com, nVent Electric has an average rating of "Buy" and a consensus target price of $87.00.

nVent Electric Trading Up 2.3%

Shares of NYSE:NVT opened at $90.0070 on Monday. The company has a market capitalization of $14.49 billion, a P/E ratio of 25.64, a P/E/G ratio of 1.45 and a beta of 1.35. nVent Electric PLC has a 1 year low of $41.71 and a 1 year high of $92.75. The company has a debt-to-equity ratio of 0.50, a current ratio of 1.67 and a quick ratio of 1.20. The business's 50 day simple moving average is $79.20 and its 200 day simple moving average is $66.27.

nVent Electric (NYSE:NVT - Get Free Report) last issued its quarterly earnings results on Friday, August 1st. The company reported $0.86 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.79 by $0.07. The business had revenue of $963.10 million for the quarter, compared to the consensus estimate of $906.96 million. nVent Electric had a return on equity of 13.36% and a net margin of 17.72%.The firm's quarterly revenue was up 30.1% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.82 earnings per share. nVent Electric has set its Q3 2025 guidance at 0.860-0.880 EPS. FY 2025 guidance at 3.220-3.300 EPS. On average, research analysts anticipate that nVent Electric PLC will post 3.04 EPS for the current fiscal year.

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.

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