Eisler Capital Management Ltd. Buys 27,946 Shares of nVent Electric PLC $NVT

Key Points

• Eisler Capital Management Ltd. increased its stake in nVent Electric PLC by 22.4%, acquiring an additional 27,946 shares, bringing its total holdings to 152,506 shares valued at approximately $7.99 million.
• Several hedge funds have significantly boosted their positions in nVent Electric, including XTX Topco Ltd. with a 192.2% increase and Farther Finance Advisors LLC with a 381.0% increase during the first quarter.
• Analysts are optimistic about nVent Electric, with Citigroup raising its price target from $69.00 to $86.00 and multiple firms rating the stock as a "buy" with an average target price of $87.00.

Eisler Capital Management Ltd. grew its stake in shares of nVent Electric PLC (NYSE:NVT - Free Report) by 22.4% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 152,506 shares of the company's stock after acquiring an additional 27,946 shares during the period. Eisler Capital Management Ltd. owned 0.09% of nVent Electric worth $7,991,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in the stock. Campbell & CO Investment Adviser LLC purchased a new stake in shares of nVent Electric during the first quarter worth $2,265,000. Jump Financial LLC lifted its position in shares of nVent Electric by 2,138.0% during the first quarter. Jump Financial LLC now owns 127,968 shares of the company's stock worth $6,708,000 after acquiring an additional 122,250 shares in the last quarter. SVB Wealth LLC purchased a new stake in shares of nVent Electric during the first quarter worth $25,000. Northwestern Mutual Wealth Management Co. lifted its position in shares of nVent Electric by 24.9% during the first quarter. Northwestern Mutual Wealth Management Co. now owns 7,885 shares of the company's stock worth $413,000 after acquiring an additional 1,573 shares in the last quarter. Finally, Haverford Trust Co lifted its position in shares of nVent Electric by 27.0% during the first quarter. Haverford Trust Co now owns 702,452 shares of the company's stock worth $36,823,000 after acquiring an additional 149,306 shares in the last quarter. Hedge funds and other institutional investors own 90.05% of the company's stock.

Insiders Place Their Bets

In related news, CEO Beth Wozniak sold 42,331 shares of the stock in a transaction on Monday, August 18th. The stock was sold at an average price of $89.21, for a total value of $3,776,348.51. Following the transaction, the chief executive officer owned 49,196 shares of the company's stock, valued at $4,388,775.16. This represents a 46.25% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Jon D. Lammers sold 119,694 shares of the 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 represents a 62.83% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 261,111 shares of company stock valued at $23,367,520 over the last quarter. Insiders own 2.50% of the company's stock.

Analyst Ratings Changes

Several research firms have recently weighed in on NVT. Barclays reaffirmed an "overweight" rating on shares of nVent Electric in a report on Monday, August 4th. Roth Capital reaffirmed a "buy" rating and issued a $100.00 price target (up previously from $89.00) on shares of nVent Electric in a report on Monday, August 4th. Citigroup upped their price target on shares of nVent Electric from $69.00 to $86.00 and gave the stock a "buy" rating in a report on Monday, July 14th. The Goldman Sachs Group upped their price target on shares of nVent Electric from $78.00 to $87.00 and gave the stock a "buy" rating in a report on Monday, July 7th. Finally, Wall Street Zen raised shares of nVent Electric from a "hold" rating to a "buy" rating in a report on Saturday, July 12th. One analyst has rated the stock with a Strong Buy rating and seven have assigned a Buy rating to the company. According to MarketBeat, nVent Electric has a consensus rating of "Buy" and an average target price of $87.00.

nVent Electric Price Performance

NVT traded down $2.27 during trading on Monday, reaching $90.31. The stock had a trading volume of 1,275,705 shares, compared to its average volume of 1,879,180. The stock has a market cap of $14.53 billion, a PE ratio of 25.73, a PEG ratio of 1.46 and a beta of 1.38. 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 one year low of $41.71 and a one year high of $92.95. The business has a 50-day moving average of $81.25 and a 200-day moving average of $67.08.

nVent Electric (NYSE:NVT - Get Free Report) last released its earnings results on Friday, August 1st. The company reported $0.86 EPS for the quarter, beating analysts' consensus estimates of $0.79 by $0.07. The business had revenue of $963.10 million for the quarter, compared to analysts' expectations of $906.96 million. nVent Electric had a return on equity of 13.36% and a net margin of 17.72%.The firm's revenue was up 30.1% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.82 earnings per share. nVent Electric has set its Q3 2025 guidance at 0.860-0.880 EPS. FY 2025 guidance at 3.220-3.300 EPS. As a group, equities research analysts anticipate 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.