Charles Schwab Investment Management Inc. Boosts Stake in nVent Electric PLC $NVT

Key Points

• Charles Schwab Investment Management Inc. increased its ownership in nVent Electric PLC by 1.8% after acquiring an additional 18,407 shares, bringing its total to over 1 million shares valued at approximately $55.1 million.
• nVent Electric reported earnings of $0.86 EPS for the last quarter, exceeding analysts' expectations of $0.79, with a revenue of $963.1 million, up 30.1% year-over-year.
• Analysts have a consensus rating of "Buy" for nVent Electric, with eight analysts rating the stock as a buy and a target price averaging around $87.00.

Charles Schwab Investment Management Inc. lifted its position in nVent Electric PLC (NYSE:NVT - Free Report) by 1.8% in the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,051,632 shares of the company's stock after purchasing an additional 18,407 shares during the quarter. Charles Schwab Investment Management Inc. owned 0.64% of nVent Electric worth $55,127,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently modified their holdings of NVT. Utah Retirement Systems raised its position in shares of nVent Electric by 2.3% in the 4th quarter. Utah Retirement Systems now owns 8,923 shares of the company's stock worth $608,000 after acquiring an additional 200 shares in the last quarter. Davis R M Inc. lifted its holdings in shares of nVent Electric by 4.0% during the 1st quarter. Davis R M Inc. now owns 5,200 shares of the company's stock valued at $273,000 after buying an additional 200 shares during the period. Hancock Whitney Corp lifted its position in nVent Electric by 1.4% during the fourth quarter. Hancock Whitney Corp now owns 15,031 shares of the company's stock valued at $1,025,000 after purchasing an additional 206 shares in the last quarter. Portside Wealth Group LLC raised 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 acquiring an additional 219 shares during the period. Finally, Parallel Advisors LLC raised 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 acquiring an additional 230 shares during the period. Institutional investors own 90.05% of the company's stock.

nVent Electric Stock Performance

Shares of NYSE NVT traded down $1.42 during mid-day trading on Tuesday, hitting $87.99. The stock had a trading volume of 859,895 shares, compared to its average volume of 2,184,600. 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 has a 50 day moving average of $77.60 and a two-hundred day moving average of $65.58. nVent Electric PLC has a twelve month low of $41.71 and a twelve month high of $92.75. The firm has a market cap of $14.16 billion, a PE ratio of 25.07, a PEG ratio of 1.51 and a beta of 1.35.

nVent Electric (NYSE:NVT - Get Free Report) last posted its quarterly earnings results on Friday, August 1st. The company reported $0.86 EPS for the quarter, beating 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 for the quarter, compared to analyst estimates of $906.96 million. During the same period in the prior year, the company earned $0.82 earnings per share. The firm's revenue was up 30.1% on a year-over-year basis. 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 EPS for the current fiscal year.

Insider Buying and Selling

In other nVent Electric news, EVP Aravind Padmanabhan sold 24,534 shares of the company's stock in a transaction on Tuesday, August 12th. The shares were sold at an average price of $90.00, for a total value of $2,208,060.00. Following the sale, the executive vice president directly owned 12,063 shares of the company's stock, valued at approximately $1,085,670. This represents a 67.04% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Der Kolk Robert J. Van sold 10,993 shares of the company's stock in a transaction on Monday, August 4th. The shares were sold at an average price of $89.14, for a total transaction of $979,916.02. Following the completion of the sale, the insider directly owned 40,772 shares in the company, valued at approximately $3,634,416.08. The trade was a 21.24% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 218,780 shares of company stock valued at $19,591,172 in the last 90 days. 1.80% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

NVT has been the subject of several recent research reports. Barclays reiterated an "overweight" rating on shares of nVent Electric in a research report on Monday, August 4th. Citigroup boosted their price target on nVent Electric from $69.00 to $86.00 and gave the company a "buy" rating in a report on Monday, July 14th. Roth Capital reissued a "buy" rating and issued a $100.00 price objective (up previously from $89.00) on shares of nVent Electric in a research note on Monday, August 4th. Royal Bank Of Canada reissued an "outperform" rating and issued a $102.00 price objective (up previously from $85.00) on shares of nVent Electric in a research note on Monday, August 4th. Finally, The Goldman Sachs Group upped their price target on nVent Electric from $78.00 to $87.00 and gave the stock a "buy" rating in a research report on Monday, July 7th. One research analyst has rated the stock with a Strong Buy rating and seven have assigned a Buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of "Buy" and a consensus price target of $87.00.

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.