Corient Private Wealth LP Raises Holdings in nVent Electric PLC $NVT

Key Points

• Corient Private Wealth nearly doubled its nVent Electric stake in the second quarter, increasing holdings by 96% to 36,357 shares valued at approximately $6.17 million. Institutional investors collectively own 90.05% of the company.
• Analysts remain bullish, with nVent receiving an average “Buy” rating and an average price target of $199.86; recent targets range from $191 to $215.
• nVent exceeded quarterly expectations, reporting $1.45 in EPS and $1.47 billion in revenue, with revenue up 52.8% year over year. However, insiders sold 74,644 shares worth approximately $12.28 million over the past 90 days.

Corient Private Wealth LP lifted its stake in shares of nVent Electric PLC (NYSE:NVT - Free Report) by 96.0% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 36,357 shares of the company's stock after buying an additional 17,806 shares during the period. Corient Private Wealth LP's holdings in nVent Electric were worth $6,167,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. VIRGINIA RETIREMENT SYSTEMS ET Al acquired a new position in shares of nVent Electric in the 2nd quarter valued at about $7,107,000. Wedmont Private Capital purchased a new stake in nVent Electric in the 2nd quarter worth approximately $283,000. Yarger Wealth Strategies LLC acquired a new stake in shares of nVent Electric during the 2nd quarter worth approximately $371,000. HB Wealth Management LLC grew its stake in shares of nVent Electric by 18.2% during the 2nd quarter. HB Wealth Management LLC now owns 15,187 shares of the company's stock worth $2,576,000 after purchasing an additional 2,336 shares during the period. Finally, Angeles Wealth Management LLC increased its holdings in shares of nVent Electric by 19.1% during the 2nd quarter. Angeles Wealth Management LLC now owns 3,629 shares of the company's stock valued at $616,000 after purchasing an additional 583 shares in the last quarter. Hedge funds and other institutional investors own 90.05% of the company's stock.

Analysts Set New Price Targets

Several research firms recently commented on NVT. Evercore restated an "outperform" rating and set a $210.00 price target on shares of nVent Electric in a research report on Monday, August 3rd. Wall Street Zen upgraded shares of nVent Electric from a "buy" rating to a "strong-buy" rating in a research report on Sunday, June 21st. Citigroup lifted their price target on nVent Electric from $203.00 to $215.00 and gave the company a "buy" rating in a research note on Monday, August 3rd. Wolfe Research reiterated an "outperform" rating and set a $191.00 price target on shares of nVent Electric in a research report on Thursday, July 9th. Finally, Royal Bank Of Canada raised their price objective on nVent Electric from $193.00 to $200.00 and gave the company an "outperform" rating in a report on Monday, August 3rd. Three analysts have rated the stock with a Strong Buy rating and fourteen have given a Buy rating to the company's stock. According to MarketBeat, the stock has an average rating of "Buy" and an average price target of $199.86.

Insider Buying and Selling

In other news, CEO Beth Wozniak sold 46,261 shares of the firm's stock in a transaction that occurred on Wednesday, August 5th. The shares were sold at an average price of $164.42, for a total transaction of $7,606,233.62. Following the completion of the sale, the chief executive officer owned 55,612 shares in the company, valued at $9,143,725.04. This trade represents a 45.41% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Der Kolk Robert J. Van sold 5,858 shares of nVent Electric stock in a transaction that occurred on Monday, August 10th. The shares were sold at an average price of $164.32, for a total transaction of $962,586.56. Following the sale, the insider directly owned 27,387 shares in the company, valued at approximately $4,500,231.84. The trade was a 17.62% decrease in their position. The SEC filing for this sale provides additional information. Over the last ninety days, insiders sold 74,644 shares of company stock worth $12,276,886. Insiders own 1.70% of the company's stock.

nVent Electric Stock Performance

Shares of nVent Electric stock opened at $158.11 on Friday. The business's 50 day moving average price is $156.39 and its 200 day moving average price is $149.73. The company has a market cap of $25.59 billion, a price-to-earnings ratio of 43.20, a PEG ratio of 1.27 and a beta of 1.36. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.33 and a current ratio of 1.80. nVent Electric PLC has a one year low of $93.22 and a one year high of $184.64.

nVent Electric (NYSE:NVT - Get Free Report) last issued its earnings results on Friday, July 31st. The company reported $1.45 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.16 by $0.29. The company had revenue of $1.47 billion during the quarter, compared to analysts' expectations of $1.26 billion. nVent Electric had a return on equity of 18.85% and a net margin of 12.38%.The firm's quarterly revenue was up 52.8% on a year-over-year basis. During the same period in the prior year, the business earned $0.86 EPS. nVent Electric has set its Q3 2026 guidance at 1.350-1.380 EPS and its FY 2026 guidance at 5.000-5.100 EPS. On average, research analysts predict that nVent Electric PLC will post 5.13 EPS for the current year.

nVent Electric Profile

nVent Electric plc NYSE: NVT is a global provider of electrical connection and protection solutions. The company designs and manufactures products that help protect electrical and electronic systems, manage heat, and support the installation and operation of electrical infrastructure across industrial, commercial, residential, data center, energy and infrastructure applications.

Its product portfolio includes electrical and electronic enclosures, thermal-management systems, cable-management products, grounding and bonding equipment, electrical connections, fastening systems and other installation solutions.

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