California State Teachers Retirement System Boosts Holdings in nVent Electric PLC $NVT

California State Teachers Retirement System grew its holdings in nVent Electric PLC (NYSE:NVT - Free Report) by 0.8% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 187,764 shares of the company's stock after purchasing an additional 1,487 shares during the quarter. California State Teachers Retirement System owned approximately 0.12% of nVent Electric worth $31,846,652 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in NVT. Sowell Financial Services LLC increased its stake in shares of nVent Electric by 1.7% in the second quarter. Sowell Financial Services LLC now owns 4,012 shares of the company's stock worth $680,000 after purchasing an additional 67 shares during the period. AlTi Global Inc. raised its stake in nVent Electric by 1.8% during the first quarter. AlTi Global Inc. now owns 4,081 shares of the company's stock worth $483,000 after buying an additional 74 shares during the last quarter. Meeder Advisory Services Inc. lifted its position in shares of nVent Electric by 0.9% during the 1st quarter. Meeder Advisory Services Inc. now owns 8,260 shares of the company's stock worth $977,000 after buying an additional 77 shares in the last quarter. Gamco Investors INC. ET AL grew its stake in nVent Electric by 1.0% during the first quarter. Gamco Investors INC. ET AL now owns 9,864 shares of the company's stock valued at $1,167,000 after acquiring an additional 93 shares in the last quarter. Finally, NewEdge Wealth LLC increased its stake in nVent Electric by 3.7% in the 4th quarter. NewEdge Wealth LLC now owns 2,620 shares of the company's stock worth $267,000 after purchasing an additional 94 shares during the period. 90.05% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

NVT has been the subject of several recent analyst reports. Sanford C. Bernstein set a $220.00 target price on nVent Electric in a research report on Thursday, July 9th. Royal Bank Of Canada raised their target price on nVent Electric from $193.00 to $200.00 and gave the company an "outperform" rating in a report on Monday, August 3rd. Weiss Ratings downgraded nVent Electric from a "buy (b)" rating to a "buy (b-)" rating in a report on Monday, August 31st. Clear Str raised nVent Electric to a "strong-buy" rating in a research note on Monday, July 13th. Finally, Seaport Research Partners reissued a "buy" rating and set a $215.00 price target on shares of nVent Electric in a research report on Monday, August 3rd. Three equities research analysts have rated the stock with a Strong Buy rating and fourteen have assigned a Buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of "Buy" and a consensus price target of $199.86.

Insider Activity at nVent Electric

In related news, CAO Randolph A. Wacker sold 22,525 shares of the firm's stock in a transaction dated Wednesday, August 5th. The shares were sold at an average price of $164.62, for a total transaction of $3,708,065.50. Following the completion of the sale, the chief accounting officer owned 27,441 shares in the company, valued at approximately $4,517,337.42. This trade represents a 45.08% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, CEO Beth Wozniak sold 46,261 shares of nVent Electric stock in a transaction on Wednesday, August 5th. The stock was sold at an average price of $164.42, for a total transaction of $7,606,233.62. Following the completion of the transaction, the chief executive officer directly owned 55,612 shares in the company, valued at approximately $9,143,725.04. The trade was a 45.41% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 74,644 shares of company stock worth $12,276,886 in the last ninety days. Company insiders own 1.70% of the company's stock.

nVent Electric Stock Up 0.5%

Shares of NVT traded up $0.75 during mid-day trading on Tuesday, hitting $147.39. 1,016,647 shares of the company traded hands, compared to its average volume of 2,257,032. The business has a 50 day moving average of $156.86 and a 200 day moving average of $149.08. nVent Electric PLC has a 1-year low of $93.22 and a 1-year high of $184.64. The company has a market capitalization of $23.86 billion, a PE ratio of 40.28, a price-to-earnings-growth ratio of 1.36 and a beta of 1.36. The company has a quick ratio of 1.33, a current ratio of 1.80 and a debt-to-equity ratio of 0.37.

nVent Electric (NYSE:NVT - Get Free Report) last released its earnings results on Friday, July 31st. The company reported $1.45 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.16 by $0.29. nVent Electric had a return on equity of 18.85% and a net margin of 12.38%.The company had revenue of $1.47 billion for the quarter, compared to analysts' expectations of $1.26 billion. During the same quarter in the previous year, the firm posted $0.86 EPS. The firm's quarterly revenue was up 52.8% on a year-over-year basis. nVent Electric has set its Q3 2026 guidance at 1.350-1.380 EPS and its FY 2026 guidance at 5.000-5.100 EPS. Equities research analysts anticipate that nVent Electric PLC will post 5.13 EPS for the current year.

nVent Electric Profile

nVent Electric plc NYSE: NVT is a global provider of electrical connection and protection solutions. The company designs and manufactures products that help protect electrical and electronic systems, manage heat, and support the installation and operation of electrical infrastructure across industrial, commercial, residential, data center, energy and infrastructure applications.

Its product portfolio includes electrical and electronic enclosures, thermal-management systems, cable-management products, grounding and bonding equipment, electrical connections, fastening systems and other installation solutions.

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