nVent Electric PLC $NVT Shares Bought by Dimensional Fund Advisors LP

Key Points

• Dimensional Fund Advisors LP increased its stake in nVent Electric PLC by 25% to own approximately 2.1 million shares, valued at $110.89 million, after purchasing an additional 422,640 shares in Q1.
• Multiple analysts have upgraded their ratings for nVent Electric, with target prices now ranging from $86.00 to $102.00, reflecting a generally positive outlook for the stock.
• nVent Electric reported a Q2 earnings per share of $0.86, exceeding estimates, along with revenues of $963.10 million, which is a 30.1% increase compared to the previous year.

Dimensional Fund Advisors LP boosted its holdings in shares of nVent Electric PLC (NYSE:NVT - Free Report) by 25.0% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,115,452 shares of the company's stock after acquiring an additional 422,640 shares during the period. Dimensional Fund Advisors LP owned 1.28% of nVent Electric worth $110,885,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of the business. Fox Run Management L.L.C. purchased a new stake in nVent Electric during the 1st quarter valued at about $1,257,000. OneAscent Investment Solutions LLC purchased a new stake in nVent Electric during the 1st quarter valued at about $510,000. LGT Fund Management Co Ltd. grew its stake in nVent Electric by 42.7% during the 1st quarter. LGT Fund Management Co Ltd. now owns 4,982 shares of the company's stock valued at $261,000 after acquiring an additional 1,490 shares in the last quarter. Russell Investments Group Ltd. grew its stake in nVent Electric by 51.7% during the 1st quarter. Russell Investments Group Ltd. now owns 168,563 shares of the company's stock valued at $8,837,000 after acquiring an additional 57,471 shares in the last quarter. Finally, Clean Energy Transition LLP grew its stake in nVent Electric by 6.8% during the 1st quarter. Clean Energy Transition LLP now owns 2,260,068 shares of the company's stock valued at $118,473,000 after acquiring an additional 144,403 shares in the last quarter. Hedge funds and other institutional investors own 90.05% of the company's stock.

nVent Electric Trading Up 0.9%

Shares of NVT stock traded up $0.78 during trading hours on Wednesday, hitting $91.62. The company had a trading volume of 810,285 shares, compared to its average volume of 2,165,288. The company's fifty day moving average is $80.00 and its 200 day moving average is $66.59. 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 PLC has a fifty-two week low of $41.71 and a fifty-two week high of $92.75. The stock has a market capitalization of $14.75 billion, a PE ratio of 26.05, a price-to-earnings-growth ratio of 1.44 and a beta of 1.35.

nVent Electric (NYSE:NVT - Get Free Report) last issued its quarterly earnings data 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 net margin of 17.72% and a return on equity of 13.36%. The firm had revenue of $963.10 million for the quarter, compared to analyst estimates of $906.96 million. During the same period in the prior year, the business posted $0.82 EPS. The business's revenue for the quarter was up 30.1% compared to the same quarter last year. nVent Electric has set its Q3 2025 guidance at 0.860-0.880 EPS. FY 2025 guidance at 3.220-3.300 EPS. Research analysts expect that nVent Electric PLC will post 3.04 earnings per share for the current fiscal year.

Insider Transactions at nVent Electric

In other news, EVP Aravind Padmanabhan sold 24,534 shares of the company's stock in a transaction that occurred on Tuesday, August 12th. The shares were sold at an average price of $90.00, for a total value of $2,208,060.00. Following 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 sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CEO Beth Wozniak sold 42,331 shares of the company's stock in a transaction that occurred on Monday, August 18th. The stock was sold at an average price of $89.21, for a total transaction of $3,776,348.51. Following the completion of the transaction, the chief executive officer owned 49,196 shares in the company, valued at approximately $4,388,775.16. This represents a 46.25% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 261,111 shares of company stock worth $23,367,520. 2.50% of the stock is owned by company insiders.

Analysts Set New Price Targets

Several equities analysts have weighed in on the stock. Wall Street Zen upgraded shares of nVent Electric from a "hold" rating to a "buy" rating in a report on Saturday, July 12th. KeyCorp boosted their target price on shares of nVent Electric from $78.00 to $84.00 and gave the company an "overweight" rating in a report on Tuesday, July 15th. Barclays reiterated an "overweight" rating on shares of nVent Electric in a report on Monday, August 4th. Roth Capital reiterated a "buy" rating and issued a $100.00 target price (up from $89.00) on shares of nVent Electric in a report on Monday, August 4th. Finally, Citigroup boosted their target price on shares of nVent Electric from $69.00 to $86.00 and gave the company a "buy" rating in a report on Monday, July 14th. One research analyst has rated the stock with a Strong Buy rating and seven have issued a Buy rating to the company. According to MarketBeat, the company currently has an average rating of "Buy" and an average price target of $87.00.

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.