OneAscent Investment Solutions LLC Makes New $510,000 Investment in nVent Electric PLC $NVT

Key Points

• OneAscent Investment Solutions LLC acquired 9,737 shares of nVent Electric PLC in the 1st quarter, valued at approximately $510,000.
• Multiple analysts have upgraded nVent Electric's stock, with target prices raised significantly, reflecting a strong consensus with eight analysts giving it a "buy" rating and an average target price of $87.00.
• nVent Electric reported a 30.1% year-over-year revenue increase in its latest earnings report, along with earnings per share of $0.86, beating analysts' estimates.

OneAscent Investment Solutions LLC bought a new stake in nVent Electric PLC (NYSE:NVT - Free Report) in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 9,737 shares of the company's stock, valued at approximately $510,000.

Several other large investors also recently added to or reduced their stakes in NVT. Bessemer Group Inc. grew its holdings in nVent Electric by 199.8% in the 4th quarter. Bessemer Group Inc. now owns 1,313 shares of the company's stock valued at $89,000 after buying an additional 875 shares in the last quarter. NewEdge Advisors LLC grew its holdings in nVent Electric by 1,010.8% in the 4th quarter. NewEdge Advisors LLC now owns 23,505 shares of the company's stock valued at $1,602,000 after buying an additional 21,389 shares in the last quarter. Farringdon Capital Ltd. purchased a new stake in nVent Electric in the 4th quarter valued at $212,000. Champlain Investment Partners LLC purchased a new position in shares of nVent Electric during the 4th quarter worth $86,738,000. Finally, First Trust Advisors LP grew its holdings in shares of nVent Electric by 40.4% during the 4th quarter. First Trust Advisors LP now owns 996,714 shares of the company's stock worth $67,936,000 after purchasing an additional 286,861 shares during the period. 90.05% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In related news, insider Sara E. Zawoyski sold 22,109 shares of the firm's stock in a transaction that occurred on Tuesday, August 5th. The stock was sold at an average price of $89.54, for a total value of $1,979,639.86. Following the sale, the insider directly owned 66,640 shares in the company, valued at $5,966,945.60. This trade represents a 24.91% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Aravind Padmanabhan sold 24,534 shares of the firm's stock in a transaction that occurred on Tuesday, August 12th. The shares were sold at an average price of $90.00, for a total value of $2,208,060.00. Following the completion of the sale, the executive vice president owned 12,063 shares in the company, valued at approximately $1,085,670. This represents a 67.04% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 218,780 shares of company stock worth $19,591,172. 1.80% of the stock is currently owned by insiders.

nVent Electric Trading Down 1.5%

NVT stock traded down $1.36 during trading on Tuesday, reaching $88.05. 508,523 shares of the stock traded hands, compared to its average volume of 2,182,512. The business's 50 day moving average price is $77.60 and its 200-day moving average price is $65.58. nVent Electric PLC has a 52-week low of $41.71 and a 52-week 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 firm has a market capitalization of $14.17 billion, a PE ratio of 25.10, a P/E/G ratio of 1.51 and a beta of 1.35.

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. The company had revenue of $963.10 million during 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 company's revenue was up 30.1% compared to the same quarter last year. During the same quarter in the prior year, the business earned $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. As a group, sell-side analysts forecast that nVent Electric PLC will post 3.04 earnings per share for the current year.

Analysts Set New Price Targets

A number of research firms have recently weighed in on NVT. Roth Capital reiterated a "buy" rating and set a $100.00 price target (up from $89.00) on shares of nVent Electric in a report on Monday, August 4th. Barclays reissued an "overweight" rating on shares of nVent Electric in a research report on Monday, August 4th. Citigroup lifted their price target on nVent Electric from $69.00 to $86.00 and gave the stock a "buy" rating in a research report on Monday, July 14th. Royal Bank Of Canada reiterated an "outperform" rating and issued a $102.00 target price (up from $85.00) on shares of nVent Electric in a research note on Monday, August 4th. Finally, Wall Street Zen upgraded nVent Electric from a "hold" rating to a "buy" rating in a research note on Saturday, July 12th. One research analyst has rated the stock with a Strong Buy rating and seven have issued a Buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of "Buy" and an average target price of $87.00.

nVent Electric Profile

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.