Edmond DE Rothschild Holding S.A. Increases Holdings in nVent Electric PLC $NVT

Key Points

• Edmond DE Rothschild Holding S.A. increased its stake in nVent Electric PLC by 15%, owning 26,294 shares valued at approximately $1.38 million.
• Analysts show a positive outlook for nVent Electric, with multiple firms, including Citigroup and Roth Capital, raising their price targets, resulting in a consensus target price of $87.00.
• nVent Electric recently reported earnings of $0.86 per share for the last quarter, exceeding estimates and marking a 30.1% increase in year-over-year revenue.

Edmond DE Rothschild Holding S.A. raised its holdings in nVent Electric PLC (NYSE:NVT - Free Report) by 15.0% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 26,294 shares of the company's stock after purchasing an additional 3,436 shares during the quarter. Edmond DE Rothschild Holding S.A.'s holdings in nVent Electric were worth $1,378,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also made changes to their positions in the company. Alliance Wealth Advisors LLC UT lifted its holdings in shares of nVent Electric by 1.1% in the 1st quarter. Alliance Wealth Advisors LLC UT now owns 14,192 shares of the company's stock worth $744,000 after purchasing an additional 159 shares during the last quarter. Davis R M Inc. grew its position in nVent Electric by 4.0% in the 1st quarter. Davis R M Inc. now owns 5,200 shares of the company's stock worth $273,000 after purchasing an additional 200 shares during the last quarter. Portside Wealth Group LLC grew its holdings in nVent Electric by 3.2% in the 1st quarter. Portside Wealth Group LLC now owns 7,152 shares of the company's stock worth $375,000 after buying an additional 219 shares in the last quarter. Parallel Advisors LLC increased its holdings in shares of nVent Electric by 15.6% during the first quarter. Parallel Advisors LLC now owns 1,702 shares of the company's stock valued at $89,000 after purchasing an additional 230 shares during the period. Finally, TIAA Trust National Association increased its stake in nVent Electric by 6.3% during the 1st quarter. TIAA Trust National Association now owns 4,187 shares of the company's stock valued at $219,000 after buying an additional 247 shares during the period. 90.05% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several brokerages recently commented on NVT. KeyCorp boosted their target price on nVent Electric from $78.00 to $84.00 and gave the stock an "overweight" rating in a report on Tuesday, July 15th. Citigroup lifted their target price on nVent Electric from $69.00 to $86.00 and gave the stock a "buy" rating in a report on Monday, July 14th. Barclays reissued an "overweight" rating 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 note on Saturday, July 12th. Finally, The Goldman Sachs Group boosted their price objective on nVent Electric from $78.00 to $87.00 and gave the company a "buy" rating in a research report on Monday, July 7th. One analyst has rated the stock with a Strong Buy rating and seven have issued a Buy rating to the company's stock. According to data from MarketBeat, the company has a consensus rating of "Buy" and an average price target of $87.00.

nVent Electric Trading Up 1.4%

Shares of NYSE:NVT traded up $1.29 during mid-day trading on Thursday, reaching $96.27. 484,411 shares of the company's stock were exchanged, compared to its average volume of 2,132,115. The business's fifty day moving average price is $84.28 and its 200-day moving average price is $68.43. nVent Electric PLC has a twelve month low of $41.71 and a twelve month high of $96.62. The firm has a market capitalization of $15.49 billion, a price-to-earnings ratio of 27.38, a PEG ratio of 1.42 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 (NYSE:NVT - Get Free Report) last posted its quarterly earnings data on Friday, August 1st. The company reported $0.86 EPS for the quarter, beating 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 net margin of 17.72% and a return on equity of 13.36%. The company's quarterly revenue was up 30.1% on a year-over-year basis. During the same period in the prior year, the firm 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 predict that nVent Electric PLC will post 3.04 EPS for the current fiscal year.

Insider Activity

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 value of $1,979,639.86. Following the transaction, the insider directly owned 66,640 shares in the company, valued at approximately $5,966,945.60. This represents a 24.91% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Beth Wozniak sold 42,331 shares of the firm's stock in a transaction 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 sale, the chief executive officer directly owned 49,196 shares in the company, valued at approximately $4,388,775.16. This trade represents a 46.25% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 261,111 shares of company stock valued at $23,367,520. 1.80% of the stock is currently owned by insiders.

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.