Ameriprise Financial Inc. Purchases 451,561 Shares of nVent Electric PLC $NVT

Key Points

• Ameriprise Financial Inc. increased its stake in nVent Electric PLC by 45.6% in Q1, acquiring an additional 451,561 shares, bringing its total ownership to 1,440,890 shares valued at approximately $75.5 million.
• Analysts have boosted their price targets for nVent Electric, with Citigroup raising its target from $69 to $86, and Roth Capital increasing it from $89 to $100.
• nVent Electric's recent quarterly earnings exceeded expectations, reporting $0.86 EPS versus anticipated $0.79, alongside a year-on-year revenue increase of 30.1%, totaling $963.10 million.

Ameriprise Financial Inc. lifted its position in nVent Electric PLC (NYSE:NVT - Free Report) by 45.6% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,440,890 shares of the company's stock after purchasing an additional 451,561 shares during the quarter. Ameriprise Financial Inc. owned 0.88% of nVent Electric worth $75,531,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. Alliance Wealth Advisors LLC UT boosted its position in shares of nVent Electric by 1.1% during the 1st quarter. Alliance Wealth Advisors LLC UT now owns 14,192 shares of the company's stock valued at $744,000 after acquiring an additional 159 shares in the last quarter. Utah Retirement Systems lifted its stake in nVent Electric by 2.3% during the fourth quarter. Utah Retirement Systems now owns 8,923 shares of the company's stock worth $608,000 after purchasing an additional 200 shares during the period. Davis R M Inc. lifted its stake in 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 purchasing an additional 200 shares during the period. Portside Wealth Group LLC boosted its holdings in nVent Electric by 3.2% during the first quarter. Portside Wealth Group LLC now owns 7,152 shares of the company's stock valued at $375,000 after purchasing an additional 219 shares in the last quarter. Finally, Parallel Advisors LLC boosted its holdings in nVent Electric by 15.6% during 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. Institutional investors and hedge funds own 90.05% of the company's stock.

Wall Street Analyst Weigh In

NVT has been the subject of a number of recent research reports. Citigroup increased their target price on nVent Electric from $69.00 to $86.00 and gave the stock a "buy" rating in a report on Monday, July 14th. Barclays reiterated an "overweight" rating on shares of nVent Electric in a research note on Monday, August 4th. Roth Capital restated a "buy" rating and issued a $100.00 target price (up previously from $89.00) on shares of nVent Electric in a research note on Monday, August 4th. 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 report on Monday, August 4th. Finally, The Goldman Sachs Group lifted their price target on shares of nVent Electric from $78.00 to $87.00 and gave the company a "buy" rating in a report on Monday, July 7th. One research 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, nVent Electric presently has a consensus rating of "Buy" and a consensus price target of $87.00.

nVent Electric Price Performance

Shares of NVT stock opened at $90.93 on Wednesday. nVent Electric PLC has a 1 year low of $41.71 and a 1 year high of $92.75. The company has a current ratio of 1.67, a quick ratio of 1.20 and a debt-to-equity ratio of 0.50. The firm's 50 day moving average is $80.00 and its 200-day moving average is $66.59. The firm has a market capitalization of $14.63 billion, a price-to-earnings ratio of 25.91, a PEG ratio of 1.44 and a beta of 1.35.

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 for the quarter, beating analysts' consensus estimates of $0.79 by $0.07. nVent Electric had a net margin of 17.72% and a return on equity of 13.36%. The business had revenue of $963.10 million during the quarter, compared to analyst estimates of $906.96 million. During the same quarter last year, the business posted $0.82 earnings per share. nVent Electric'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. Sell-side analysts forecast that nVent Electric PLC will post 3.04 EPS for the current fiscal year.

Insider Buying and Selling

In related news, 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 owned 27,525 shares in the company, valued at $2,452,202.25. This trade represents a 9.83% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Lynnette R. Heath sold 17,853 shares of the business's stock in a transaction dated 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 directly owned 30,512 shares of the company's stock, valued at $2,725,636.96. This represents a 36.91% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 261,111 shares of company stock worth $23,367,520. 2.50% of the stock is currently owned by company insiders.

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.

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