nVent Electric PLC $NVT Shares Sold by CW Advisors LLC

Key Points

• CW Advisors LLC reduced its stake in nVent Electric PLC by 8.4%, selling 21,110 shares and owning a total of 229,872 shares valued at approximately $12 million.
• Research analysts have significantly raised their target prices for nVent Electric, with Roth Capital setting a new target of $100.00, indicating strong confidence in the company's future performance.
• nVent Electric reported impressive earnings results, with a 30.1% year-over-year revenue growth and an earnings per share of $0.86, surpassing analysts' expectations.

CW Advisors LLC cut its holdings in nVent Electric PLC (NYSE:NVT - Free Report) by 8.4% in the first quarter, according to the company in its most recent disclosure with the SEC. The fund owned 229,872 shares of the company's stock after selling 21,110 shares during the quarter. CW Advisors LLC owned about 0.14% of nVent Electric worth $12,050,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Capital A Wealth Management LLC purchased a new stake in nVent Electric in the fourth quarter valued at about $27,000. Whipplewood Advisors LLC raised its stake in nVent Electric by 467.3% in the first quarter. Whipplewood Advisors LLC now owns 607 shares of the company's stock valued at $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 valued at about $36,000. Park Square Financial Group LLC purchased a new stake in nVent Electric in the fourth quarter valued at about $38,000. Finally, First Horizon Advisors Inc. raised its stake in nVent Electric by 58.0% in the first quarter. First Horizon Advisors Inc. now owns 817 shares of the company's stock valued at $43,000 after buying an additional 300 shares during the last quarter. 90.05% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, insider Sara E. Zawoyski sold 22,109 shares of the company's stock in a transaction on Tuesday, August 5th. The stock was sold at an average price of $89.54, for a total value of $1,979,639.86. Following the transaction, the insider owned 66,640 shares of the company's stock, valued at $5,966,945.60. This represents a 24.91% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP Jon D. Lammers sold 119,694 shares of the company's stock in a transaction on Monday, August 4th. The shares were 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 directly 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 quarter, insiders have sold 261,111 shares of company stock worth $23,367,520. Corporate insiders own 2.50% of the company's stock.

Analyst Ratings Changes

Several brokerages have recently issued reports on NVT. Wall Street Zen upgraded nVent Electric from a "hold" rating to a "buy" rating in a research note on Saturday, July 12th. KeyCorp raised their price objective on nVent Electric from $78.00 to $84.00 and gave the stock an "overweight" rating in a research note on Tuesday, July 15th. The Goldman Sachs Group raised their price objective on nVent Electric from $78.00 to $87.00 and gave the stock a "buy" rating in a research note on Monday, July 7th. Barclays restated an "overweight" rating on shares of nVent Electric in a research note on Monday, August 4th. Finally, Royal Bank Of Canada restated an "outperform" rating and issued a $102.00 price objective (up from $85.00) on shares of nVent Electric in a research note on Monday, August 4th. One analyst has rated the stock with a Strong Buy rating and seven have given a Buy rating to the company's stock. According to data from MarketBeat, nVent Electric presently has a consensus rating of "Buy" and a consensus price target of $87.00.

nVent Electric Price Performance

NVT traded up $0.65 during trading on Wednesday, hitting $91.49. The company's stock had a trading volume of 519,936 shares, compared to its average volume of 2,163,640. The company has a current ratio of 1.67, a quick ratio of 1.20 and a debt-to-equity ratio of 0.50. nVent Electric PLC has a twelve month low of $41.71 and a twelve month high of $92.75. The business's fifty day simple moving average is $80.00 and its 200 day simple moving average is $66.59. The firm has a market capitalization of $14.73 billion, a price-to-earnings ratio of 26.07, a P/E/G ratio of 1.44 and a beta of 1.35.

nVent Electric (NYSE:NVT - Get Free Report) last issued its quarterly 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 firm 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 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, equities research analysts forecast that nVent Electric PLC will post 3.04 EPS for the current fiscal year.

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.