Cresset Asset Management LLC Invests $270,000 in nVent Electric PLC $NVT

Key Points

• Cresset Asset Management LLC acquired a new stake in nVent Electric PLC, purchasing 5,159 shares valued at approximately $270,000 in the 1st quarter.
• nVent Electric reported a Q2 earnings per share of $0.86, surpassing analysts' expectations while achieving a revenue of $963.10 million, reflecting a 30.1% increase year-over-year.
• Institutional investors now hold over 90% of nVent Electric's stock, with various hedge funds actively adjusting their positions in the company.

Cresset Asset Management LLC purchased a new position in shares of nVent Electric PLC (NYSE:NVT - Free Report) during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm purchased 5,159 shares of the company's stock, valued at approximately $270,000.

Other hedge funds have also bought and sold shares of the company. Capital A Wealth Management LLC purchased a new stake in nVent Electric in the fourth quarter worth $27,000. Whipplewood Advisors LLC increased its position in nVent Electric by 467.3% in 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. Hughes Financial Services LLC purchased a new stake in nVent Electric in the first quarter worth $36,000. Park Square Financial Group LLC purchased a new stake in nVent Electric in the fourth quarter worth $38,000. Finally, First Horizon Advisors Inc. increased its position in nVent Electric by 58.0% in the first quarter. First Horizon Advisors Inc. now owns 817 shares of the company's stock worth $43,000 after buying an additional 300 shares during the last quarter. 90.05% of the stock is currently owned by institutional investors.

Insider Buying and Selling at nVent Electric

In other news, EVP Aravind Padmanabhan sold 24,534 shares of the company's stock in a transaction dated Tuesday, August 12th. The stock was sold at an average price of $90.00, for a total value of $2,208,060.00. Following the completion of the transaction, the executive vice president directly owned 12,063 shares in the company, valued at approximately $1,085,670. This represents a 67.04% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Jon D. Lammers sold 119,694 shares of the company's stock in a transaction dated Monday, August 4th. The stock was sold at an average price of $89.48, for a total value of $10,710,219.12. Following the completion of the transaction, the executive vice president owned 70,817 shares of the company's stock, valued at $6,336,705.16. The trade was a 62.83% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 261,111 shares of company stock valued at $23,367,520 over the last 90 days. Insiders own 1.80% of the company's stock.

nVent Electric Price Performance

nVent Electric stock traded down $2.27 during midday trading on Friday, hitting $90.31. 1,275,705 shares of the company's stock were exchanged, compared to its average volume of 2,161,878. nVent Electric PLC has a 52-week low of $41.71 and a 52-week high of $92.95. The stock has a 50-day moving average price of $80.85 and a two-hundred day moving average price of $66.93. 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 market cap of $14.53 billion, a P/E ratio of 25.73, a PEG ratio of 1.47 and a beta of 1.35.

nVent Electric (NYSE:NVT - Get Free Report) last posted 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 return on equity of 13.36% and a net margin of 17.72%.The business had revenue of $963.10 million during the quarter, compared to analysts' expectations of $906.96 million. During the same period in the previous year, the business 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. On average, equities research analysts forecast that nVent Electric PLC will post 3.04 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on NVT. The Goldman Sachs Group raised their target price on nVent Electric from $78.00 to $87.00 and gave the stock a "buy" rating in a research report on Monday, July 7th. Royal Bank Of Canada reissued an "outperform" rating and issued a $102.00 target price (up from $85.00) on shares of nVent Electric in a research report on Monday, August 4th. Barclays reissued an "overweight" rating on shares of nVent Electric in a research report on Monday, August 4th. Roth Capital reissued a "buy" rating and issued a $100.00 target price (up from $89.00) on shares of nVent Electric in a research report on Monday, August 4th. Finally, Wall Street Zen upgraded nVent Electric from a "hold" rating to a "buy" rating in a research report on Saturday, July 12th. One equities research analyst has rated the stock with a Strong Buy rating and seven have assigned a Buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Buy" and an average target price of $87.00.

nVent Electric 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.