nVent Electric PLC $NVT Shares Sold by Ceredex Value Advisors LLC

Key Points

• Ceredex Value Advisors LLC has reduced its stake in nVent Electric PLC by 59.1%, selling 399,200 shares and now owns 276,700 shares valued at approximately $14.5 million.
• Insider transactions include CEO Beth Wozniak selling 42,331 shares for approximately $3.78 million, representing a 46.25% decrease in her ownership.
• Analysts have recently increased their price targets for nVent Electric, with Goldman Sachs raising its target from $78.00 to $87.00 and Royal Bank of Canada adjusting theirs from $85.00 to $102.00.

Ceredex Value Advisors LLC lowered its holdings in shares of nVent Electric PLC (NYSE:NVT - Free Report) by 59.1% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 276,700 shares of the company's stock after selling 399,200 shares during the quarter. Ceredex Value Advisors LLC owned approximately 0.17% of nVent Electric worth $14,505,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in the business. XTX Topco Ltd boosted its stake in nVent Electric by 192.2% during the first quarter. XTX Topco Ltd now owns 12,284 shares of the company's stock valued at $644,000 after buying an additional 8,080 shares during the last quarter. Hsbc Holdings PLC raised its position in nVent Electric by 32.4% during the first quarter. Hsbc Holdings PLC now owns 50,670 shares of the company's stock valued at $2,623,000 after purchasing an additional 12,386 shares during the period. Farther Finance Advisors LLC raised its position in nVent Electric by 381.0% during the first quarter. Farther Finance Advisors LLC now owns 1,996 shares of the company's stock valued at $106,000 after purchasing an additional 1,581 shares during the period. GAMMA Investing LLC raised its position in nVent Electric by 74.3% during the first quarter. GAMMA Investing LLC now owns 3,476 shares of the company's stock valued at $182,000 after purchasing an additional 1,482 shares during the period. Finally, Janney Montgomery Scott LLC raised its position in nVent Electric by 6.2% during the first quarter. Janney Montgomery Scott LLC now owns 27,252 shares of the company's stock valued at $1,429,000 after purchasing an additional 1,591 shares during the period. Hedge funds and other institutional investors own 90.05% of the company's stock.

nVent Electric Stock Up 1.6%

NYSE:NVT traded up $1.46 during trading hours on Thursday, reaching $92.57. The company's stock had a trading volume of 1,468,642 shares, compared to its average volume of 2,248,505. The company has a market capitalization of $14.90 billion, a P/E ratio of 26.37, a price-to-earnings-growth ratio of 1.47 and a beta of 1.35. nVent Electric PLC has a 12 month low of $41.71 and a 12 month high of $92.95. The company has a debt-to-equity ratio of 0.50, a quick ratio of 1.20 and a current ratio of 1.67. The stock has a 50 day moving average price of $80.85 and a two-hundred day moving average price of $66.93.

nVent Electric (NYSE:NVT - Get Free Report) last issued its quarterly earnings data 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 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 the consensus estimate of $906.96 million. During the same quarter in the previous year, the firm 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. Equities analysts predict that nVent Electric PLC will post 3.04 EPS for the current fiscal year.

Insider Activity

In related news, insider Sara E. Zawoyski sold 22,109 shares of the business's stock in a transaction on Tuesday, August 5th. The stock was sold at an average price of $89.54, for a total transaction of $1,979,639.86. Following the transaction, the insider directly owned 66,640 shares in the company, valued at $5,966,945.60. The trade was a 24.91% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Herbert K. Parker sold 20,597 shares of nVent Electric stock in a transaction on Monday, August 4th. The stock was sold at an average price of $89.88, for a total transaction of $1,851,258.36. Following the sale, the director owned 15,070 shares of the company's stock, valued at $1,354,491.60. The trade was a 57.75% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 261,111 shares of company stock worth $23,367,520 over the last quarter. Company insiders own 1.80% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on the company. The Goldman Sachs Group upped their price objective on nVent Electric from $78.00 to $87.00 and gave the company a "buy" rating in a research report on Monday, July 7th. Barclays reaffirmed an "overweight" rating on shares of nVent Electric in a research note on Monday, August 4th. Wall Street Zen raised nVent Electric from a "hold" rating to a "buy" rating in a research note on Saturday, July 12th. Royal Bank Of Canada reaffirmed an "outperform" rating and set a $102.00 target price (up previously from $85.00) on shares of nVent Electric in a research note on Monday, August 4th. Finally, Roth Capital reiterated a "buy" rating and issued a $100.00 price target (up previously from $89.00) on shares of nVent Electric in a report on Monday, August 4th. One analyst has rated the stock with a Strong Buy rating and seven have issued a Buy rating to the stock. Based on data from MarketBeat.com, nVent Electric presently has an average rating of "Buy" and an average target price of $87.00.

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.