Corient IA LLC Purchases New Holdings in nVent Electric PLC $NVT

Key Points

• Corient IA LLC has made a new investment of $315,000 in nVent Electric PLC, acquiring 6,000 shares during the first quarter.
• Brokerages have raised their ratings and price targets for nVent Electric, with an average target now at $87.00 and several analysts upgrading the stock to a "buy" rating.
• nVent Electric reported $0.86 earnings per share, exceeding analyst expectations and reflecting a 30.1% year-over-year revenue increase for the quarter.

Corient IA LLC purchased a new position in shares of nVent Electric PLC (NYSE:NVT - Free Report) in the 1st quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 6,000 shares of the company's stock, valued at approximately $315,000.

Other large investors also recently made changes to their positions in the company. Capital Research Global Investors bought a new stake in nVent Electric during the 4th quarter valued at approximately $384,749,000. Nuveen LLC bought a new stake in nVent Electric during the 1st quarter valued at approximately $229,615,000. Millennium Management LLC boosted its stake in nVent Electric by 743.7% during the 4th quarter. Millennium Management LLC now owns 2,215,624 shares of the company's stock valued at $151,017,000 after purchasing an additional 1,953,026 shares during the period. American Century Companies Inc. boosted its stake in nVent Electric by 1,869.8% during the 1st quarter. American Century Companies Inc. now owns 1,462,840 shares of the company's stock valued at $76,682,000 after purchasing an additional 1,388,578 shares during the period. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its stake in nVent Electric by 145.8% during 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 purchasing an additional 869,906 shares during the period. Institutional investors own 90.05% of the company's stock.

Insider Transactions at nVent Electric

In other nVent Electric news, CAO Randolph A. Wacker sold 3,000 shares of nVent Electric stock in a transaction dated Thursday, August 7th. The stock was sold at an average price of $89.09, for a total value of $267,270.00. Following the sale, the chief accounting officer owned 27,525 shares of the company's stock, valued at $2,452,202.25. This trade represents a 9.83% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO Beth Wozniak sold 42,331 shares of nVent Electric stock in a transaction dated Monday, August 18th. The shares were sold at an average price of $89.21, for a total value of $3,776,348.51. Following the completion of the sale, the chief executive officer directly owned 49,196 shares in the company, valued at $4,388,775.16. This represents a 46.25% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 261,111 shares of company stock worth $23,367,520. 1.80% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

NVT has been the subject of a number of research reports. KeyCorp raised their price objective on nVent Electric from $78.00 to $84.00 and gave the stock an "overweight" rating in a research report on Tuesday, July 15th. Roth Capital reaffirmed a "buy" rating and set a $100.00 price target (up from $89.00) on shares of nVent Electric in a report on Monday, August 4th. Wall Street Zen raised nVent Electric from a "hold" rating to a "buy" rating in a report on Saturday, July 12th. The Goldman Sachs Group increased 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. Finally, Royal Bank Of Canada restated an "outperform" rating and issued a $102.00 price target (up from $85.00) on shares of nVent Electric in a research report on Monday, August 4th. One investment analyst has rated the stock with a Strong Buy rating and seven have issued a Buy rating to the company's stock. According to data from MarketBeat, the company presently has an average rating of "Buy" and an average price target of $87.00.

nVent Electric Stock Down 0.0%

Shares of NVT traded down $0.0330 during midday trading on Thursday, hitting $88.0070. The stock had a trading volume of 1,196,093 shares, compared to its average volume of 2,186,476. The company has a 50 day simple moving average of $78.39 and a two-hundred day simple moving average of $65.89. 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 price-to-earnings ratio of 25.07, a price-to-earnings-growth ratio of 1.51 and a beta of 1.35. The company has a debt-to-equity ratio of 0.50, a current ratio of 1.67 and a quick ratio of 1.20.

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