Champlain Investment Partners LLC Buys 510,535 Shares of nVent Electric PLC $NVT

Key Points

• Champlain Investment Partners LLC increased its holdings in nVent Electric PLC by 40.1% in Q1, now owning approximately $93.47 million worth of shares.
• Analysts have raised their price targets for nVent Electric, with Citigroup setting a new target at $86.00 and Royal Bank of Canada at $102.00, indicating a positive outlook for the stock.
• Insider trading activity includes CEO Beth Wozniak selling 42,331 shares, reducing her ownership by 46.25%, while corporate insiders have sold a total of 261,111 shares over the last 90 days.

Champlain Investment Partners LLC raised its stake in nVent Electric PLC (NYSE:NVT - Free Report) by 40.1% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,783,105 shares of the company's stock after acquiring an additional 510,535 shares during the period. Champlain Investment Partners LLC owned approximately 1.08% of nVent Electric worth $93,470,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in NVT. Nuveen LLC acquired a new position in nVent Electric in the 1st quarter valued at $229,615,000. Millennium Management LLC raised its holdings in nVent Electric by 743.7% in the 4th quarter. Millennium Management LLC now owns 2,215,624 shares of the company's stock valued at $151,017,000 after acquiring an additional 1,953,026 shares in the last quarter. American Century Companies Inc. raised its holdings in nVent Electric by 1,869.8% in the 1st quarter. American Century Companies Inc. now owns 1,462,840 shares of the company's stock valued at $76,682,000 after acquiring an additional 1,388,578 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its holdings in nVent Electric by 145.8% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,466,560 shares of the company's stock valued at $99,961,000 after acquiring an additional 869,906 shares in the last quarter. Finally, Balyasny Asset Management L.P. raised its holdings in nVent Electric by 16,062.5% in the 4th quarter. Balyasny Asset Management L.P. now owns 875,197 shares of the company's stock valued at $59,653,000 after acquiring an additional 869,782 shares in the last quarter. 90.05% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, CEO Beth Wozniak sold 42,331 shares of the stock in a transaction on Monday, August 18th. The stock was sold at an average price of $89.21, for a total value of $3,776,348.51. Following the completion of the transaction, the chief executive officer directly owned 49,196 shares in the company, valued at approximately $4,388,775.16. This represents a 46.25% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Jon D. Lammers sold 119,694 shares of the stock in a transaction on Monday, August 4th. The shares were sold at an average price of $89.48, for a total value of $10,710,219.12. Following the completion of the transaction, the executive vice president owned 70,817 shares of the company's stock, valued at $6,336,705.16. The trade was a 62.83% 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 in the last ninety days. Insiders own 2.50% of the company's stock.

Analysts Set New Price Targets

Several equities analysts have weighed in on NVT shares. Barclays reaffirmed an "overweight" rating on shares of nVent Electric in a report on Monday, August 4th. KeyCorp upped their target price on nVent Electric from $78.00 to $84.00 and gave the stock an "overweight" rating in a research note on Tuesday, July 15th. The Goldman Sachs Group upped their target price on nVent Electric from $78.00 to $87.00 and gave the stock a "buy" rating in a research note on Monday, July 7th. Wall Street Zen upgraded nVent Electric from a "hold" rating to a "buy" rating in a research note on Saturday, July 12th. Finally, Citigroup lifted their target price on nVent Electric from $69.00 to $86.00 and gave the company a "buy" rating in a research report on Monday, July 14th. One analyst has rated the stock with a Strong Buy rating and seven have assigned a Buy rating to the company's stock. According to MarketBeat.com, the company currently has an average rating of "Buy" and a consensus target price of $87.00.

nVent Electric Price Performance

Shares of NVT traded down $2.27 during trading hours on Monday, reaching $90.31. The stock had a trading volume of 1,275,705 shares, compared to its average volume of 1,879,180. nVent Electric PLC has a 12 month low of $41.71 and a 12 month high of $92.95. The stock has a market capitalization of $14.53 billion, a PE ratio of 25.73, a PEG ratio of 1.46 and a beta of 1.38. 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 company's 50-day moving average is $81.25 and its two-hundred day moving average is $67.08.

nVent Electric (NYSE:NVT - Get Free Report) last announced its quarterly earnings results on Friday, August 1st. The company reported $0.86 EPS for the quarter, beating 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 company had revenue of $963.10 million during the quarter, compared to analysts' expectations of $906.96 million. During the same period in the prior year, the company earned $0.82 EPS. nVent Electric'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. Research analysts expect that nVent Electric PLC will post 3.04 EPS for the current year.

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.