Financiere des Professionnels Fonds d investissement inc. Buys Shares of 9,020 nVent Electric PLC $NVT

Key Points

• Financiere des Professionnels Fonds d'investissement inc. purchased a new position in nVent Electric PLC, acquiring 9,020 shares valued at approximately $661,000 during the second quarter.
• nVent Electric reported $0.86 earnings per share for the last quarter, exceeding analysts' estimates and showing a significant 30.1% year-over-year revenue growth to $963.10 million.
• Several analysts upgraded their ratings on nVent Electric, with Goldman Sachs increasing their target price from $99.00 to $111.00 and maintaining a "buy" rating.

Financiere des Professionnels Fonds d investissement inc. purchased a new stake in nVent Electric PLC (NYSE:NVT - Free Report) during the second quarter, according to its most recent filing with the SEC. The fund purchased 9,020 shares of the company's stock, valued at approximately $661,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. Capital A Wealth Management LLC purchased a new stake in nVent Electric in the 4th quarter valued at about $27,000. SVB Wealth LLC purchased a new stake in shares of nVent Electric in the 1st quarter worth approximately $25,000. Park Square Financial Group LLC purchased a new stake in shares of nVent Electric in the 4th quarter worth approximately $38,000. Whipplewood Advisors LLC lifted its position in shares of nVent Electric by 467.3% in the 1st quarter. Whipplewood Advisors LLC now owns 607 shares of the company's stock worth $32,000 after purchasing an additional 500 shares during the period. Finally, Hughes Financial Services LLC purchased a new stake in shares of nVent Electric in the 1st quarter worth approximately $36,000. 90.05% of the stock is owned by hedge funds and other institutional investors.

nVent Electric Stock Up 2.3%

NVT traded up $2.19 during trading hours on Thursday, hitting $98.65. 1,613,832 shares of the company's stock were exchanged, compared to its average volume of 1,502,144. nVent Electric PLC has a 12-month low of $41.71 and a 12-month high of $99.45. The firm has a 50 day moving average of $86.92 and a 200 day moving average of $69.95. The company has a current ratio of 1.67, a quick ratio of 1.20 and a debt-to-equity ratio of 0.50. The firm has a market cap of $15.88 billion, a P/E ratio of 28.11, a price-to-earnings-growth ratio of 1.50 and a beta of 1.39.

nVent Electric (NYSE:NVT - Get Free Report) last posted 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 firm had revenue of $963.10 million for the quarter, compared to the consensus estimate of $906.96 million. nVent Electric had a net margin of 17.72% and a return on equity of 13.36%. The company's revenue was up 30.1% on a year-over-year basis. During the same period last 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. Analysts predict that nVent Electric PLC will post 3.04 EPS for the current fiscal year.

Insider Buying and Selling at nVent Electric

In other news, CEO Beth Wozniak sold 42,331 shares of the business's stock in a transaction on Monday, August 18th. The shares were sold at an average price of $89.21, for a total transaction of $3,776,348.51. Following the transaction, the chief executive officer directly owned 49,196 shares of the company's stock, valued at approximately $4,388,775.16. The trade was a 46.25% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP Lynnette R. Heath sold 17,853 shares of the company's stock in a transaction on Tuesday, August 5th. The shares were sold at an average price of $89.33, for a total transaction of $1,594,808.49. Following the completion of the sale, the executive vice president directly owned 30,512 shares in the company, valued at $2,725,636.96. This represents a 36.91% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 261,111 shares of company stock valued at $23,367,520. Corporate insiders own 1.80% of the company's stock.

Analyst Upgrades and Downgrades

A number of research firms recently commented on NVT. Wall Street Zen raised shares of nVent Electric from a "hold" rating to a "buy" rating in a research report on Saturday, July 12th. Citigroup raised their target price 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. KeyCorp raised their target price on shares of nVent Electric from $78.00 to $84.00 and gave the stock an "overweight" rating in a report on Tuesday, July 15th. Roth Capital restated a "buy" rating and set a $100.00 price target (up previously from $89.00) on shares of nVent Electric in a research report on Monday, August 4th. Finally, The Goldman Sachs Group boosted their target price on shares of nVent Electric from $99.00 to $111.00 and gave the stock a "buy" rating in a research note on Tuesday. One research analyst has rated the stock with a Strong Buy rating and seven have assigned a Buy rating to the company's stock. Based on data from MarketBeat.com, nVent Electric has a consensus rating of "Buy" and a consensus price target of $90.43.

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.