Financiere des Professionnels Fonds d investissement inc. Makes New $661,000 Investment in 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. acquired a new position in shares of nVent Electric PLC (NYSE:NVT - Free Report) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 9,020 shares of the company's stock, valued at approximately $661,000.

Several other large investors have also made changes to their positions in the business. Nuveen LLC acquired a new position in shares of nVent Electric during the 1st quarter worth about $229,615,000. Clean Energy Transition LLP lifted its position in shares of nVent Electric by 6.8% during the 1st quarter. Clean Energy Transition LLP now owns 2,260,068 shares of the company's stock worth $118,473,000 after purchasing an additional 144,403 shares during the last quarter. Fiduciary Management Inc. WI lifted its position in shares of nVent Electric by 38.1% during the 1st quarter. Fiduciary Management Inc. WI now owns 2,120,222 shares of the company's stock worth $111,142,000 after purchasing an additional 585,449 shares during the last quarter. Dimensional Fund Advisors LP lifted its position in shares of nVent Electric by 25.0% during the 1st quarter. Dimensional Fund Advisors LP now owns 2,115,452 shares of the company's stock worth $110,885,000 after purchasing an additional 422,640 shares during the last quarter. Finally, Champlain Investment Partners LLC lifted its position in shares of nVent Electric by 40.1% during the 1st quarter. Champlain Investment Partners LLC now owns 1,783,105 shares of the company's stock worth $93,470,000 after purchasing an additional 510,535 shares during the last quarter. Institutional investors and hedge funds own 90.05% of the company's stock.

nVent Electric Trading Up 0.4%

Shares of NVT stock traded up $0.36 during trading hours on Friday, reaching $99.01. The company had a trading volume of 3,830,151 shares, compared to its average volume of 1,523,043. The company has a 50 day moving average of $87.40 and a 200 day moving average of $70.35. The company has a debt-to-equity ratio of 0.50, a current ratio of 1.67 and a quick ratio of 1.20. The firm has a market cap of $15.94 billion, a price-to-earnings ratio of 28.21, a P/E/G ratio of 1.54 and a beta of 1.39. nVent Electric PLC has a 1-year low of $41.71 and a 1-year high of $99.44.

nVent Electric (NYSE:NVT - Get Free Report) last posted its quarterly earnings results on Friday, August 1st. The company reported $0.86 earnings per share 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 the consensus estimate of $906.96 million. nVent Electric had a return on equity of 13.36% and a net margin of 17.72%.The firm's quarterly revenue was up 30.1% on a year-over-year basis. During the same quarter in the prior year, the business 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, equities research analysts anticipate that nVent Electric PLC will post 3.04 EPS for the current year.

Insider Buying and Selling

In related news, insider Sara E. Zawoyski sold 22,109 shares of the company's stock in a transaction 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 completion of the sale, the insider owned 66,640 shares in the company, valued at $5,966,945.60. This represents a 24.91% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, EVP Aravind Padmanabhan sold 24,534 shares of the company's stock in a transaction on Tuesday, August 12th. The shares were sold at an average price of $90.00, for a total transaction of $2,208,060.00. Following the completion of the sale, the executive vice president owned 12,063 shares of the company's stock, valued at approximately $1,085,670. This represents a 67.04% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 261,111 shares of company stock worth $23,367,520 over the last 90 days. 1.80% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

Several equities analysts recently issued reports on NVT shares. KeyCorp boosted their price target on nVent Electric from $78.00 to $84.00 and gave the company an "overweight" rating in a research note on Tuesday, July 15th. Citigroup boosted their price target on nVent Electric from $69.00 to $86.00 and gave the company a "buy" rating in a research note on Monday, July 14th. Wall Street Zen upgraded nVent Electric from a "hold" rating to a "buy" rating in a research note on Saturday, July 12th. Barclays restated an "overweight" rating on shares of nVent Electric in a research note on Monday, August 4th. Finally, The Goldman Sachs Group boosted their price target on nVent Electric from $99.00 to $111.00 and gave the company a "buy" rating in a research note on Tuesday, September 16th. One equities research analyst has rated the stock with a Strong Buy rating and seven have given a Buy rating to the company's stock. According to MarketBeat.com, nVent Electric has an average rating of "Buy" and an average price target of $90.43.

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.