nVent Electric PLC $NVT Shares Sold by Clark Capital Management Group Inc.

Key Points

• Clark Capital Management Group Inc. has decreased its stake in nVent Electric PLC by 15.4%, now holding approximately 1,108,307 shares valued at about $58 million.
• Recent analyst upgrades have resulted in a consensus rating of "Buy" for nVent Electric, with multiple firms raising their price targets significantly, indicating positive market sentiment.
• nVent Electric reported a net margin of 17.72% and revenue growth of 30.1% year-over-year, surpassing estimates in its latest quarterly earnings.

Clark Capital Management Group Inc. lessened its holdings in nVent Electric PLC (NYSE:NVT - Free Report) by 15.4% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,108,307 shares of the company's stock after selling 201,935 shares during the quarter. Clark Capital Management Group Inc. owned about 0.67% of nVent Electric worth $58,097,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. XTX Topco Ltd increased its holdings in nVent Electric by 192.2% in the 1st quarter. XTX Topco Ltd now owns 12,284 shares of the company's stock worth $644,000 after buying an additional 8,080 shares during the period. Hsbc Holdings PLC increased its holdings in nVent Electric by 32.4% in the 1st quarter. Hsbc Holdings PLC now owns 50,670 shares of the company's stock worth $2,623,000 after buying an additional 12,386 shares during the period. Farther Finance Advisors LLC increased its holdings in nVent Electric by 381.0% in the 1st quarter. Farther Finance Advisors LLC now owns 1,996 shares of the company's stock worth $106,000 after buying an additional 1,581 shares during the period. GAMMA Investing LLC increased its holdings in nVent Electric by 74.3% in the 1st quarter. GAMMA Investing LLC now owns 3,476 shares of the company's stock worth $182,000 after buying an additional 1,482 shares during the period. Finally, Janney Montgomery Scott LLC increased its holdings in nVent Electric by 6.2% in the 1st quarter. Janney Montgomery Scott LLC now owns 27,252 shares of the company's stock worth $1,429,000 after buying an additional 1,591 shares during the period. Institutional investors and hedge funds own 90.05% of the company's stock.

Insider Buying and Selling at nVent Electric

In other news, insider Sara E. Zawoyski sold 22,109 shares of nVent Electric 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 owned 66,640 shares in the company, valued at $5,966,945.60. The trade was a 24.91% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 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 value of $1,851,258.36. Following the transaction, the director owned 15,070 shares in the company, valued at approximately $1,354,491.60. This represents a 57.75% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 261,111 shares of company stock worth $23,367,520. Corporate insiders own 2.50% of the company's stock.

nVent Electric Price Performance

Shares of NYSE:NVT traded down $1.89 during midday trading on Tuesday, reaching $90.70. 416,579 shares of the company's stock traded hands, compared to its average volume of 2,135,891. nVent Electric PLC has a 1 year low of $41.71 and a 1 year high of $93.32. The company has a market cap of $14.60 billion, a P/E ratio of 25.85, a PEG ratio of 1.45 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 has a fifty day simple moving average of $83.47 and a two-hundred day simple moving average of $68.09.

nVent Electric (NYSE:NVT - Get Free Report) last announced its quarterly earnings data on Friday, August 1st. The company reported $0.86 earnings per share for the quarter, beating analysts' consensus estimates of $0.79 by $0.07. The company had revenue of $963.10 million for the quarter, compared to analyst estimates of $906.96 million. nVent Electric had a return on equity of 13.36% and a net margin of 17.72%.The firm's revenue for the quarter was up 30.1% on a year-over-year basis. During the same quarter last year, the firm posted $0.82 EPS. 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.

Analysts Set New Price Targets

Several equities analysts recently weighed in on the stock. Royal Bank Of Canada reiterated an "outperform" rating and issued a $102.00 price target (up previously from $85.00) on shares of nVent Electric in a report on Monday, August 4th. Barclays reaffirmed an "overweight" rating on shares of nVent Electric in a research note on Monday, August 4th. The Goldman Sachs Group raised their price objective on shares of nVent Electric from $78.00 to $87.00 and gave the stock a "buy" rating in a research note on Monday, July 7th. Citigroup raised their price objective on shares of nVent Electric from $69.00 to $86.00 and gave the stock a "buy" rating in a research note on Monday, July 14th. Finally, Roth Capital reaffirmed a "buy" rating and set a $100.00 price objective (up previously from $89.00) on shares of nVent Electric in a research note on Monday, August 4th. One equities research analyst has rated the stock with a Strong Buy rating and seven have assigned a Buy rating to the company's stock. According to data from MarketBeat.com, nVent Electric presently has an average rating of "Buy" and a consensus price target of $87.00.

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.