Focus Partners Wealth Has $6.45 Million Stock Position in nVent Electric PLC $NVT

Key Points

• Focus Partners Wealth increased its holdings in nVent Electric PLC by 2.7% during the first quarter, owning approximately $6.45 million worth of shares.
• Insider activity showed significant sales, including CEO Beth Wozniak selling over 42,000 shares, representing a 46.25% decrease in her ownership.
• nVent Electric reported strong quarterly earnings, with an EPS of $0.86, exceeding analysts' expectations and demonstrating a 30.1% increase in revenue compared to last year.

Focus Partners Wealth grew its position in nVent Electric PLC (NYSE:NVT - Free Report) by 2.7% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 122,969 shares of the company's stock after purchasing an additional 3,212 shares during the period. Focus Partners Wealth owned approximately 0.07% of nVent Electric worth $6,446,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Zimmer Partners LP increased its holdings in nVent Electric by 44.4% during the 1st quarter. Zimmer Partners LP now owns 325,000 shares of the company's stock worth $17,036,000 after purchasing an additional 100,000 shares during the last quarter. Jones Financial Companies Lllp increased its holdings in nVent Electric by 575.6% during the 1st quarter. Jones Financial Companies Lllp now owns 8,803 shares of the company's stock worth $461,000 after purchasing an additional 7,500 shares during the last quarter. Temasek Holdings Private Ltd increased its holdings in nVent Electric by 177.2% during the 1st quarter. Temasek Holdings Private Ltd now owns 416,931 shares of the company's stock worth $21,856,000 after purchasing an additional 266,548 shares during the last quarter. Edmond DE Rothschild Holding S.A. increased its holdings in nVent Electric by 15.0% during the 1st quarter. Edmond DE Rothschild Holding S.A. now owns 26,294 shares of the company's stock worth $1,378,000 after purchasing an additional 3,436 shares during the last quarter. Finally, Concentric Capital Strategies LP purchased a new stake in nVent Electric during the 1st quarter worth approximately $1,311,000. 90.05% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related news, 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 of the company's stock, valued at $4,388,775.16. This trade represents a 46.25% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP Jon D. Lammers sold 119,694 shares of the firm's 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 sale, the executive vice president directly owned 70,817 shares of the company's stock, valued at $6,336,705.16. This represents a 62.83% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 261,111 shares of company stock worth $23,367,520 in the last 90 days. 1.80% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on NVT shares. KeyCorp lifted their price objective on nVent Electric from $78.00 to $84.00 and gave the stock an "overweight" rating in a report on Tuesday, July 15th. The Goldman Sachs Group boosted their price target on nVent Electric from $99.00 to $111.00 and gave the stock a "buy" rating in a research report on Tuesday. Citigroup upped their price objective on nVent Electric from $69.00 to $86.00 and gave the company a "buy" rating in a report on Monday, July 14th. Roth Capital reaffirmed a "buy" rating and set a $100.00 target price (up from $89.00) on shares of nVent Electric in a report on Monday, August 4th. Finally, Wall Street Zen raised nVent Electric from a "hold" rating to a "buy" rating in a research report on Saturday, July 12th. One equities research analyst has rated the stock with a Strong Buy rating and seven have assigned a Buy rating to the company's stock. According to MarketBeat, the stock presently has an average rating of "Buy" and an average target price of $90.43.

nVent Electric Stock Performance

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

nVent Electric (NYSE:NVT - Get Free Report) last announced its earnings results on Friday, August 1st. The company reported $0.86 earnings per share for the quarter, beating 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 during the quarter, compared to the consensus estimate of $906.96 million. During the same quarter in the prior year, the company earned $0.82 EPS. The firm's revenue for the quarter 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. On average, equities analysts forecast that nVent Electric PLC will post 3.04 earnings per share for the current fiscal year.

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.