Campbell & CO Investment Adviser LLC Acquires New Shares in nVent Electric PLC $NVT

Key Points

• Campbell & CO Investment Adviser LLC has acquired a new stake in nVent Electric PLC, purchasing 43,200 shares valued at roughly $2,265,000 in the first quarter.
• Several analysts have given nVent Electric a positive outlook, with multiple upgrades, including Citigroup raising the price target from $69.00 to $86.00 and Roth Capital increasing theirs to $100.00.
• Insider selling activity has been notable, with EVP Jon D. Lammers selling 119,694 shares, reducing his stake by 62.83%, highlighting potential concerns over executive confidence in stock performance.

Campbell & CO Investment Adviser LLC purchased a new position in shares of nVent Electric PLC (NYSE:NVT - Free Report) in the first quarter, according to its most recent filing with the SEC. The firm purchased 43,200 shares of the company's stock, valued at approximately $2,265,000.

A number of other large investors have also recently bought and sold shares of the business. SVB Wealth LLC bought a new position in shares of nVent Electric during the 1st quarter worth about $25,000. Capital A Wealth Management LLC bought a new position in shares of nVent Electric during the 4th quarter worth about $27,000. Whipplewood Advisors LLC boosted its position in shares of nVent Electric by 467.3% during the 1st quarter. Whipplewood Advisors LLC now owns 607 shares of the company's stock worth $32,000 after purchasing an additional 500 shares in the last quarter. Hughes Financial Services LLC bought a new position in shares of nVent Electric during the 1st quarter worth about $36,000. Finally, Park Square Financial Group LLC bought a new position in shares of nVent Electric during the 4th quarter worth about $38,000. 90.05% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at nVent Electric

In related news, CAO Randolph A. Wacker sold 3,000 shares of nVent Electric stock in a transaction that occurred on Thursday, August 7th. The shares were sold at an average price of $89.09, for a total value of $267,270.00. Following the completion of the transaction, the chief accounting officer directly owned 27,525 shares in the company, valued at approximately $2,452,202.25. The trade was a 9.83% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Sara E. Zawoyski sold 22,109 shares of nVent Electric stock in a transaction that occurred on Tuesday, August 5th. The shares were sold at an average price of $89.54, for a total transaction of $1,979,639.86. Following the completion of the transaction, the insider owned 66,640 shares of the company's stock, valued at $5,966,945.60. This represents a 24.91% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 261,111 shares of company stock worth $23,367,520 over the last 90 days. Corporate insiders own 1.80% of the company's stock.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on the stock. Wall Street Zen raised shares of nVent Electric from a "hold" rating to a "buy" rating in a research report on Saturday, July 12th. Citigroup raised their price target on shares of nVent Electric from $69.00 to $86.00 and gave the company a "buy" rating in a research report on Monday, July 14th. Royal Bank Of Canada reaffirmed an "outperform" rating and issued a $102.00 price target (up previously from $85.00) on shares of nVent Electric in a research report on Monday, August 4th. The Goldman Sachs Group raised their price target on shares of nVent Electric from $78.00 to $87.00 and gave the company a "buy" rating in a research report on Monday, July 7th. Finally, Roth Capital reaffirmed a "buy" rating and issued a $100.00 price target (up previously from $89.00) on shares of nVent Electric in a research report on Monday, August 4th. One investment 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 currently has a consensus rating of "Buy" and a consensus price target of $87.00.

nVent Electric Stock Performance

Shares of NVT stock traded down $2.27 during trading hours on Friday, hitting $90.31. 879,012 shares of the company were exchanged, compared to its average volume of 2,158,366. The firm has a fifty day simple moving average of $80.85 and a 200 day simple moving average of $66.93. 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 PLC has a 52-week low of $41.71 and a 52-week high of $92.95. The stock has a market capitalization of $14.53 billion, a price-to-earnings ratio of 25.73, a P/E/G ratio of 1.47 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 (EPS) for the quarter, topping the consensus estimate of $0.79 by $0.07. nVent Electric had a net margin of 17.72% and a return on equity of 13.36%. The company 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 EPS. nVent Electric's quarterly 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. Research analysts predict that nVent Electric PLC will post 3.04 earnings per share for the current fiscal year.

nVent Electric Company 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.