Cubist Systematic Strategies LLC Invests $13.68 Million in nVent Electric PLC $NVT

Key Points

• Cubist Systematic Strategies LLC invested approximately $13.68 million in nVent Electric PLC by purchasing 260,932 shares during the first quarter.
• Analysts have raised their price targets for nVent Electric, with Goldman Sachs setting it at $87.00 and the consensus rating currently at "Buy".
• nVent Electric's stock recently reported a 30.1% increase in quarterly revenue year-over-year alongside a beat on EPS expectations, indicating robust financial performance.

Cubist Systematic Strategies 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 fund purchased 260,932 shares of the company's stock, valued at approximately $13,678,000. Cubist Systematic Strategies LLC owned 0.16% of nVent Electric as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in the company. XTX Topco Ltd increased its holdings in shares of nVent Electric by 192.2% in the 1st quarter. XTX Topco Ltd now owns 12,284 shares of the company's stock valued at $644,000 after purchasing an additional 8,080 shares in the last quarter. Hsbc Holdings PLC grew its position in nVent Electric by 32.4% during the first 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 first quarter. Farther Finance Advisors LLC now owns 1,996 shares of the company's stock valued at $106,000 after buying an additional 1,581 shares in the last quarter. GAMMA Investing LLC lifted its position in shares of nVent Electric by 74.3% during the 1st quarter. GAMMA Investing LLC now owns 3,476 shares of the company's stock valued at $182,000 after acquiring an additional 1,482 shares during the period. Finally, Janney Montgomery Scott LLC boosted its stake in shares of nVent Electric by 6.2% during the 1st quarter. Janney Montgomery Scott LLC now owns 27,252 shares of the company's stock worth $1,429,000 after acquiring an additional 1,591 shares in the last quarter. 90.05% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

NVT has been the subject of several research analyst reports. Citigroup raised their price objective on nVent Electric from $69.00 to $86.00 and gave the company a "buy" rating in a research note on Monday, July 14th. Royal Bank Of Canada reissued an "outperform" rating and issued a $102.00 target price (up previously from $85.00) on shares of nVent Electric in a report on Monday, August 4th. Roth Capital reaffirmed a "buy" rating and set a $100.00 price target (up previously from $89.00) on shares of nVent Electric in a research note on Monday, August 4th. Wall Street Zen upgraded shares of nVent Electric from a "hold" rating to a "buy" rating in a research report on Saturday, July 12th. Finally, Barclays restated an "overweight" rating on shares of nVent Electric in a research report on Monday, August 4th. 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 data from MarketBeat, nVent Electric presently has an average rating of "Buy" and a consensus target price of $87.00.

nVent Electric Trading Up 0.9%

NYSE NVT traded up $0.79 during mid-day trading on Friday, reaching $92.72. 1,956,990 shares of the stock were exchanged, compared to its average volume of 1,545,571. The stock has a market capitalization of $14.92 billion, a PE ratio of 26.41, a PEG ratio of 1.48 and a beta of 1.39. The company has a debt-to-equity ratio of 0.50, a quick ratio of 1.20 and a current ratio of 1.67. nVent Electric PLC has a 1-year low of $41.71 and a 1-year high of $93.32. The business's fifty day simple moving average is $83.09 and its 200 day simple moving average is $67.87.

nVent Electric (NYSE:NVT - Get Free Report) last issued its quarterly earnings results on Friday, August 1st. The company reported $0.86 earnings per share for the quarter, topping 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 business's revenue for the quarter was up 30.1% compared to the same quarter last year. During the same quarter in the prior year, the company 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. On average, research analysts anticipate that nVent Electric PLC will post 3.04 earnings per share for the current fiscal year.

Insider Activity at nVent Electric

In related news, insider Sara E. Zawoyski sold 22,109 shares of the company's stock in a transaction that occurred 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 transaction, 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 ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP Jon D. Lammers sold 119,694 shares of nVent Electric stock in a transaction on Monday, August 4th. The shares were sold at an average price of $89.48, for a total transaction of $10,710,219.12. Following the completion of the transaction, the executive vice president owned 70,817 shares in the company, valued at approximately $6,336,705.16. This trade represents a 62.83% 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 1.80% of the company's stock.

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.