nVent Electric PLC $NVT Shares Sold by Alliancebernstein L.P.

Key Points

• Alliancebernstein L.P. has decreased its stake in nVent Electric PLC by 28.2%, owning approximately 0.42% of the company, valued at about $35.99 million as of its latest SEC filing.
• Multiple analysts have upgraded their price targets for nVent Electric, with new targets ranging from $84.00 to $102.00, reflecting positive sentiment towards the company's performance.
• Insider sales have been significant, with insiders selling over 261,000 shares worth approximately $23.37 million in the last quarter, indicating potential shifts in confidence among management.

Alliancebernstein L.P. reduced its position in shares of nVent Electric PLC (NYSE:NVT - Free Report) by 28.2% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 686,639 shares of the company's stock after selling 270,133 shares during the period. Alliancebernstein L.P. owned about 0.42% of nVent Electric worth $35,994,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also modified their holdings of the company. Capital A Wealth Management LLC purchased a new position in shares of nVent Electric during the fourth quarter worth $27,000. SVB Wealth LLC purchased a new position in shares of nVent Electric during the first quarter worth $25,000. Park Square Financial Group LLC purchased a new position in nVent Electric in the fourth quarter valued at $38,000. Whipplewood Advisors LLC boosted its holdings in nVent Electric by 467.3% in the first quarter. Whipplewood Advisors LLC now owns 607 shares of the company's stock valued at $32,000 after purchasing an additional 500 shares during the period. Finally, Hughes Financial Services LLC purchased a new position in nVent Electric in the first quarter valued at $36,000. 90.05% of the stock is currently owned by hedge funds and other institutional investors.

nVent Electric Stock Performance

Shares of NVT traded down $0.83 during midday trading on Friday, reaching $94.88. 1,311,888 shares of the stock were exchanged, compared to its average volume of 1,527,646. The business's 50-day moving average price is $85.14 and its 200 day moving average price is $68.97. The company has a debt-to-equity ratio of 0.50, a current ratio of 1.67 and a quick ratio of 1.20. nVent Electric PLC has a twelve month low of $41.71 and a twelve month high of $96.62. The company has a market capitalization of $15.27 billion, a price-to-earnings ratio of 27.03, a PEG ratio of 1.49 and a beta of 1.39.

nVent Electric (NYSE:NVT - Get Free Report) last posted its earnings results on Friday, August 1st. The company reported $0.86 EPS for the quarter, topping analysts' consensus estimates of $0.79 by $0.07. nVent Electric had a return on equity of 13.36% and a net margin of 17.72%.The business had revenue of $963.10 million for the quarter, compared to analysts' expectations of $906.96 million. During the same quarter in the previous year, the firm earned $0.82 earnings per share. The business's revenue 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. On average, sell-side analysts expect that nVent Electric PLC will post 3.04 EPS for the current fiscal year.

Insider Buying and Selling at nVent Electric

In other news, EVP Lynnette R. Heath sold 17,853 shares of nVent Electric stock in a transaction dated Tuesday, August 5th. The stock was sold at an average price of $89.33, for a total transaction of $1,594,808.49. Following the sale, the executive vice president owned 30,512 shares in the company, valued at approximately $2,725,636.96. The trade was a 36.91% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CAO Randolph A. Wacker sold 3,000 shares of the firm's stock in a transaction dated Thursday, August 7th. The stock was sold at an average price of $89.09, for a total value of $267,270.00. Following the transaction, the chief accounting officer directly owned 27,525 shares in the company, valued at approximately $2,452,202.25. This represents a 9.83% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 261,111 shares of company stock valued at $23,367,520. 1.80% of the stock is owned by insiders.

Analyst Ratings Changes

A number of research firms recently issued reports on NVT. 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 report on Monday, August 4th. Wall Street Zen upgraded nVent Electric from a "hold" rating to a "buy" rating in a research note on Saturday, July 12th. Barclays restated an "overweight" rating on shares of nVent Electric in a research note on Monday, August 4th. Citigroup raised their price target on nVent Electric from $69.00 to $86.00 and gave the company a "buy" rating in a research note on Monday, July 14th. Finally, KeyCorp raised their price target on nVent Electric from $78.00 to $84.00 and gave the company an "overweight" rating in a research note on Tuesday, July 15th. One research analyst has rated the stock with a Strong Buy rating and seven have assigned a Buy rating to the company's stock. Based on data from MarketBeat.com, nVent Electric currently has a consensus rating of "Buy" and an average 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.