Paloma Partners Management Co Acquires New Position in nVent Electric PLC $NVT

Key Points

• Paloma Partners Management Co acquired 6,250 shares of nVent Electric PLC for approximately $328,000 in the first quarter.
• nVent Electric reported a 30.1% increase in revenue year-over-year, with earnings of $0.86 per share for the most recent quarter, surpassing analyst expectations.
• Institutional investors hold 90.05% of nVent Electric's stock, indicating strong institutional confidence in the company's performance.

Paloma Partners Management Co bought a new stake in nVent Electric PLC (NYSE:NVT - Free Report) in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 6,250 shares of the company's stock, valued at approximately $328,000.

A number of other institutional investors and hedge funds have also made changes to their positions in NVT. Northern Trust Corp raised its holdings in shares of nVent Electric by 32.4% in the fourth quarter. Northern Trust Corp now owns 1,542,986 shares of the company's stock valued at $105,170,000 after buying an additional 377,753 shares during the last quarter. Aptus Capital Advisors LLC raised its holdings in shares of nVent Electric by 20.9% in the fourth quarter. Aptus Capital Advisors LLC now owns 74,244 shares of the company's stock valued at $5,060,000 after buying an additional 12,812 shares during the last quarter. Bearing Point Capital LLC purchased a new stake in shares of nVent Electric in the fourth quarter valued at about $4,330,000. Baker Avenue Asset Management LP raised its holdings in shares of nVent Electric by 1.9% in the fourth quarter. Baker Avenue Asset Management LP now owns 20,421 shares of the company's stock valued at $1,392,000 after buying an additional 387 shares during the last quarter. Finally, Balyasny Asset Management L.P. increased its stake in shares of nVent Electric by 16,062.5% during the fourth quarter. Balyasny Asset Management L.P. now owns 875,197 shares of the company's stock worth $59,653,000 after acquiring an additional 869,782 shares during the period. 90.05% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

NVT has been the topic of a number of recent analyst reports. The Goldman Sachs Group boosted their price target on shares of nVent Electric from $78.00 to $87.00 and gave the stock a "buy" rating in a research note on Monday, July 7th. KeyCorp boosted their price target on shares of nVent Electric from $78.00 to $84.00 and gave the stock an "overweight" rating in a research note on Tuesday, July 15th. Roth Capital reiterated a "buy" rating and set a $100.00 price target (up from $89.00) on shares of nVent Electric in a research note on Monday, August 4th. Citigroup boosted their price target on shares of nVent Electric from $69.00 to $86.00 and gave the stock a "buy" rating in a research note on Monday, July 14th. Finally, Barclays reiterated an "overweight" rating on shares of nVent Electric in a research note on Monday, August 4th. One investment analyst has rated the stock with a Strong Buy rating and seven have given a Buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of "Buy" and a consensus price target of $87.00.

Insider Activity at nVent Electric

In other nVent Electric news, insider Sara E. Zawoyski sold 22,109 shares of the company's stock in a transaction dated Tuesday, August 5th. The shares were sold at an average price of $89.54, for a total transaction of $1,979,639.86. Following the transaction, the insider directly owned 66,640 shares in the company, valued at approximately $5,966,945.60. This represents a 24.91% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Herbert K. Parker sold 20,597 shares of the stock in a transaction that occurred on Monday, August 4th. The shares were sold at an average price of $89.88, for a total transaction of $1,851,258.36. Following the completion of the sale, the director owned 15,070 shares in the company, valued at $1,354,491.60. This represents a 57.75% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 261,111 shares of company stock valued at $23,367,520 in the last ninety days. Company insiders own 1.80% of the company's stock.

nVent Electric Price Performance

NVT traded up $0.79 on Friday, hitting $92.72. 1,956,990 shares of the company were exchanged, compared to its average volume of 1,545,571. The company has a debt-to-equity ratio of 0.50, a quick ratio of 1.20 and a current ratio of 1.67. The business's fifty day moving average is $83.09 and its 200 day moving average is $67.87. nVent Electric PLC has a fifty-two week low of $41.71 and a fifty-two week high of $93.32. The firm has a market capitalization of $14.92 billion, a P/E ratio of 26.41, a price-to-earnings-growth ratio of 1.48 and a beta of 1.39.

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