Adage Capital Partners GP L.L.C. Invests $13.46 Million in nVent Electric PLC $NVT

Key Points

• Adage Capital Partners GP L.L.C. invested approximately $13.46 million in nVent Electric PLC, acquiring 256,758 shares and representing about 0.16% ownership in the company.
• In a recent wave of selling, insider Sara E. Zawoyski sold over 22,000 shares, indicating a significant decrease in insider ownership, with 261,111 shares sold by insiders in total over the last three months.
• nVent Electric's latest quarterly earnings exceeded expectations, reporting $0.86 earnings per share compared to the consensus estimate of $0.79, alongside a revenue of $963.10 million.

Adage Capital Partners GP L.L.C. acquired a new position in shares of nVent Electric PLC (NYSE:NVT - Free Report) in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 256,758 shares of the company's stock, valued at approximately $13,459,000. Adage Capital Partners GP L.L.C. owned approximately 0.16% of nVent Electric as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Alliance Wealth Advisors LLC UT grew its position in shares of nVent Electric by 1.1% during the first quarter. Alliance Wealth Advisors LLC UT now owns 14,192 shares of the company's stock worth $744,000 after buying an additional 159 shares in the last quarter. Davis R M Inc. grew its position in shares of nVent Electric by 4.0% during the first quarter. Davis R M Inc. now owns 5,200 shares of the company's stock worth $273,000 after buying an additional 200 shares in the last quarter. Portside Wealth Group LLC grew its position in shares of nVent Electric by 3.2% during the first quarter. Portside Wealth Group LLC now owns 7,152 shares of the company's stock worth $375,000 after buying an additional 219 shares in the last quarter. Parallel Advisors LLC boosted its holdings in nVent Electric by 15.6% in the first quarter. Parallel Advisors LLC now owns 1,702 shares of the company's stock valued at $89,000 after purchasing an additional 230 shares in the last quarter. Finally, TIAA Trust National Association boosted its holdings in nVent Electric by 6.3% in the first quarter. TIAA Trust National Association now owns 4,187 shares of the company's stock valued at $219,000 after purchasing an additional 247 shares in the last quarter. 90.05% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, insider Sara E. Zawoyski sold 22,109 shares of the 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 completion of the sale, the insider directly owned 66,640 shares of the company's stock, valued at approximately $5,966,945.60. This represents a 24.91% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Lynnette R. Heath sold 17,853 shares of the company's stock in a transaction that occurred on Tuesday, August 5th. The stock was sold at an average price of $89.33, for a total value of $1,594,808.49. Following the sale, the executive vice president owned 30,512 shares of the company's stock, valued at $2,725,636.96. This trade represents a 36.91% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 261,111 shares of company stock valued at $23,367,520. 1.80% of the stock is owned by insiders.

nVent Electric Price Performance

NVT stock opened at $92.72 on Friday. The company has a market capitalization of $14.92 billion, a P/E ratio of 26.41, a PEG ratio of 1.48 and a beta of 1.39. nVent Electric PLC has a twelve month low of $41.71 and a twelve month high of $93.32. The business has a 50 day simple moving average of $83.09 and a 200-day simple moving average of $67.87. The company has a current ratio of 1.67, a quick ratio of 1.20 and a debt-to-equity ratio of 0.50.

nVent Electric (NYSE:NVT - Get Free Report) last posted its quarterly earnings data on Friday, August 1st. The company reported $0.86 earnings per share for the quarter, beating the consensus estimate of $0.79 by $0.07. The business 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 period in the prior year, the company 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, equities analysts anticipate that nVent Electric PLC will post 3.04 EPS for the current year.

Analyst Upgrades and Downgrades

NVT has been the subject of a number of research analyst reports. The Goldman Sachs Group upped their price target on nVent Electric from $78.00 to $87.00 and gave the company a "buy" rating in a report on Monday, July 7th. Roth Capital reaffirmed a "buy" rating and issued a $100.00 price target (up from $89.00) on shares of nVent Electric in a report on Monday, August 4th. KeyCorp upped their price target on nVent Electric from $78.00 to $84.00 and gave the company an "overweight" rating in a report on Tuesday, July 15th. Citigroup upped their price target on nVent Electric from $69.00 to $86.00 and gave the company a "buy" rating in a report on Monday, July 14th. Finally, Wall Street Zen raised nVent Electric from a "hold" rating to a "buy" rating in a report on Saturday, July 12th. One investment analyst has rated the stock with a Strong Buy rating and seven have given a Buy rating to the stock. Based on data from MarketBeat.com, nVent Electric presently has an average rating of "Buy" and a consensus price target of $87.00.

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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