Flputnam Investment Management Co. Buys 12,651 Shares of nVent Electric PLC $NVT

Key Points

• Flputnam Investment Management Co. increased its stake in nVent Electric PLC by 27.9%, acquiring 12,651 shares during the first quarter, bringing its total holdings to 57,937 shares valued at approximately $3 million.
• Analysts are optimistic about nVent Electric, with multiple brokerages raising their price targets and maintaining Buy ratings, resulting in a consensus rating of Buy and a price target of $87.00.
• nVent Electric reported a strong quarterly performance, with earnings per share of $0.86, exceeding expectations and reflecting a 30.1% year-over-year revenue increase.

Flputnam Investment Management Co. raised its holdings in shares of nVent Electric PLC (NYSE:NVT - Free Report) by 27.9% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 57,937 shares of the company's stock after purchasing an additional 12,651 shares during the period. Flputnam Investment Management Co.'s holdings in nVent Electric were worth $3,037,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. Capital A Wealth Management LLC purchased a new position in shares of nVent Electric in the 4th quarter worth $27,000. SVB Wealth LLC bought a new position in nVent Electric in the 1st quarter worth $25,000. Park Square Financial Group LLC bought a new position in nVent Electric in the 4th quarter worth $38,000. Whipplewood Advisors LLC raised its holdings in 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 bought a new position in nVent Electric in the 1st quarter worth $36,000. 90.05% of the stock is currently owned by hedge funds and other institutional investors.

nVent Electric Price Performance

Shares of NVT stock traded up $0.79 during trading hours on Friday, hitting $92.72. The stock had a trading volume of 1,956,990 shares, compared to its average volume of 1,545,571. nVent Electric PLC has a one year low of $41.71 and a one year high of $93.32. 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 stock's 50-day moving average price is $83.09 and its two-hundred day moving average price is $67.87. The stock has a market capitalization of $14.92 billion, a price-to-earnings ratio of 26.41, a PEG ratio of 1.48 and a beta of 1.39.

nVent Electric (NYSE:NVT - Get Free Report) last issued its earnings results on Friday, August 1st. The company reported $0.86 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.79 by $0.07. nVent Electric had a return on equity of 13.36% and a net margin of 17.72%.The firm had revenue of $963.10 million for the quarter, compared to analysts' expectations of $906.96 million. During the same period in the previous year, the firm posted $0.82 earnings per share. The business's revenue 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. Equities analysts forecast that nVent Electric PLC will post 3.04 EPS for the current year.

Insider Transactions at nVent Electric

In other nVent Electric news, EVP Aravind Padmanabhan sold 24,534 shares of the business's stock in a transaction that occurred on Tuesday, August 12th. The stock was sold at an average price of $90.00, for a total transaction of $2,208,060.00. Following the sale, the executive vice president directly owned 12,063 shares of the company's stock, valued at $1,085,670. The trade was a 67.04% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Beth Wozniak sold 42,331 shares of the business'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 value of $3,776,348.51. Following the sale, the chief executive officer directly owned 49,196 shares in the company, valued at $4,388,775.16. The trade was a 46.25% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 261,111 shares of company stock valued at $23,367,520. 1.80% of the stock is owned by insiders.

Analyst Ratings Changes

A number of brokerages recently commented on NVT. Royal Bank Of Canada reaffirmed an "outperform" rating and issued a $102.00 target price (up from $85.00) on shares of nVent Electric in a report on Monday, August 4th. Roth Capital reaffirmed 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. The Goldman Sachs Group raised their target price on nVent Electric from $78.00 to $87.00 and gave the stock a "buy" rating in a report on Monday, July 7th. Citigroup boosted their price objective on nVent Electric from $69.00 to $86.00 and gave the company a "buy" rating in a research report on Monday, July 14th. Finally, Wall Street Zen upgraded nVent Electric from a "hold" rating to a "buy" rating in a research report on Saturday, July 12th. One investment analyst has rated the stock with a Strong Buy rating and seven have given a Buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of "Buy" and a consensus 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.