Concentric Capital Strategies LP Takes $1.31 Million Position in nVent Electric PLC $NVT

Key Points

• Concentric Capital Strategies LP invested approximately $1.31 million in nVent Electric PLC, acquiring 25,005 shares during the first quarter.
• Wall Street analysts have issued positive ratings for nVent Electric, with price targets ranging from $84.00 to $102.00 and a consensus target price of $87.00.
• nVent Electric reported an EPS of $0.86 for the last quarter, exceeding analysts' expectations, and announced revenue growth of 30.1% compared to the previous year.

Concentric Capital Strategies LP purchased a new stake in shares of nVent Electric PLC (NYSE:NVT - Free Report) in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 25,005 shares of the company's stock, valued at approximately $1,311,000.

Other institutional investors have also recently added to or reduced their stakes in the company. Capital A Wealth Management LLC bought a new position in shares of nVent Electric in the fourth quarter worth about $27,000. SVB Wealth LLC bought a new stake in shares of nVent Electric during the first quarter worth approximately $25,000. Park Square Financial Group LLC bought a new stake in shares of nVent Electric during the fourth quarter worth approximately $38,000. Whipplewood Advisors LLC raised its stake in shares of nVent Electric by 467.3% during the first quarter. Whipplewood Advisors LLC now owns 607 shares of the company's stock worth $32,000 after buying an additional 500 shares during the last quarter. Finally, Hughes Financial Services LLC bought a new stake in shares of nVent Electric during the first quarter worth approximately $36,000. 90.05% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on NVT shares. Roth Capital reissued a "buy" rating and set a $100.00 price target (up from $89.00) on shares of nVent Electric in a research note on Monday, August 4th. The Goldman Sachs Group upped their target price on shares of nVent Electric from $78.00 to $87.00 and gave the company a "buy" rating in a research note on Monday, July 7th. Royal Bank Of Canada reaffirmed an "outperform" rating and issued a $102.00 target price (up previously from $85.00) on shares of nVent Electric in a research note on Monday, August 4th. Wall Street Zen raised shares of nVent Electric from a "hold" rating to a "buy" rating in a research note on Saturday, July 12th. Finally, KeyCorp upped their target price on shares of nVent Electric from $78.00 to $84.00 and gave the company an "overweight" rating in a research note on Tuesday, July 15th. One equities research analyst has rated the stock with a Strong Buy rating and seven have given a Buy rating to the company. According to MarketBeat.com, nVent Electric currently has a consensus rating of "Buy" and a consensus price target of $87.00.

Insider Transactions at nVent Electric

In other nVent Electric news, EVP Aravind Padmanabhan sold 24,534 shares of the 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 completion of the sale, the executive vice president owned 12,063 shares in the company, valued at $1,085,670. This trade represents a 67.04% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Sara E. Zawoyski sold 22,109 shares of the stock in a transaction 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 sale, the insider owned 66,640 shares of the company's stock, valued at approximately $5,966,945.60. This represents a 24.91% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 261,111 shares of company stock valued at $23,367,520. 2.50% of the stock is owned by company insiders.

nVent Electric Stock Down 0.4%

NVT traded down $0.33 during trading hours on Monday, hitting $92.47. 1,593,668 shares of the company's stock were exchanged, compared to its average volume of 2,145,960. nVent Electric PLC has a 1-year low of $41.71 and a 1-year high of $93.32. The stock's 50-day moving average is $83.09 and its two-hundred day moving average is $67.88. The stock has a market cap of $14.88 billion, a price-to-earnings ratio of 26.35, a PEG ratio of 1.45 and a beta of 1.38. The company has a quick ratio of 1.20, a current ratio of 1.67 and a debt-to-equity ratio of 0.50.

nVent Electric (NYSE:NVT - Get Free Report) last announced its earnings results on Friday, August 1st. The company reported $0.86 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 business had revenue of $963.10 million during the quarter, compared to analysts' expectations of $906.96 million. During the same quarter in the prior year, the company posted $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. Sell-side 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.