Fox Run Management L.L.C. Acquires New Position in nVent Electric PLC $NVT

Key Points

• Fox Run Management L.L.C. acquired 23,979 shares of nVent Electric PLC, valued at approximately $1,257,000, signaling increasing institutional interest in the company.
• Several analysts upgraded their ratings on nVent Electric, with Roth Capital and Royal Bank of Canada increasing their target prices to $100.00 and $102.00, respectively, indicating a positive outlook for the stock.
• nVent Electric reported strong earnings results for the last quarter, with earnings per share of $0.86, surpassing expectations and showing a 30.1% year-over-year revenue increase.

Fox Run Management L.L.C. purchased a new position in shares of nVent Electric PLC (NYSE:NVT - Free Report) in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 23,979 shares of the company's stock, valued at approximately $1,257,000.

A number of other hedge funds also recently made changes to their positions in NVT. Utah Retirement Systems increased its position in shares of nVent Electric by 2.3% in the fourth quarter. Utah Retirement Systems now owns 8,923 shares of the company's stock worth $608,000 after acquiring an additional 200 shares in the last quarter. Davis R M Inc. boosted its position in nVent Electric by 4.0% during the 1st quarter. Davis R M Inc. now owns 5,200 shares of the company's stock worth $273,000 after purchasing an additional 200 shares during the period. Hancock Whitney Corp boosted its position in nVent Electric by 1.4% during the 4th quarter. Hancock Whitney Corp now owns 15,031 shares of the company's stock worth $1,025,000 after purchasing an additional 206 shares during the period. Portside Wealth Group LLC increased its holdings in nVent Electric by 3.2% in the 1st quarter. Portside Wealth Group LLC now owns 7,152 shares of the company's stock valued at $375,000 after purchasing an additional 219 shares in the last quarter. Finally, Parallel Advisors LLC raised its position in nVent Electric by 15.6% in the first quarter. Parallel Advisors LLC now owns 1,702 shares of the company's stock valued at $89,000 after purchasing an additional 230 shares during the period. Institutional investors and hedge funds own 90.05% of the company's stock.

nVent Electric Stock Down 0.1%

NYSE NVT traded down $0.1030 during trading hours on Wednesday, reaching $88.0470. 2,769,259 shares of the company traded hands, compared to its average volume of 2,311,947. nVent Electric PLC has a 12 month low of $41.71 and a 12 month high of $92.75. 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 stock has a market capitalization of $14.17 billion, a PE ratio of 25.08, a PEG ratio of 1.51 and a beta of 1.35. The company has a 50 day moving average of $78.39 and a two-hundred day moving average of $65.89.

nVent Electric (NYSE:NVT - Get Free Report) last released its earnings results on Friday, August 1st. The company reported $0.86 earnings per share for the quarter, topping the consensus estimate of $0.79 by $0.07. The company had revenue of $963.10 million during 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 quarter in the previous year, the firm earned $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. As a group, equities analysts expect that nVent Electric PLC will post 3.04 earnings per share for the current year.

Insider Transactions at nVent Electric

In other nVent Electric news, EVP Aravind Padmanabhan sold 24,534 shares of the company'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 owned 12,063 shares in the company, valued at $1,085,670. This represents a 67.04% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, insider Sara E. Zawoyski sold 22,109 shares of the stock in a transaction that occurred on Tuesday, August 5th. The stock was sold at an average price of $89.54, for a total value of $1,979,639.86. Following the transaction, the insider directly owned 66,640 shares in the company, valued at approximately $5,966,945.60. This represents a 24.91% decrease in their position. The disclosure for this sale can be found here. Insiders sold 261,111 shares of company stock valued at $23,367,520 over the last 90 days. Corporate insiders own 1.80% of the company's stock.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on the company. KeyCorp upped their target price on nVent Electric from $78.00 to $84.00 and gave the stock an "overweight" rating in a research report on Tuesday, July 15th. Roth Capital restated 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 increased their price objective on shares of nVent Electric from $69.00 to $86.00 and gave the company a "buy" rating in a research report on Monday, July 14th. Royal Bank Of Canada reissued an "outperform" rating and set a $102.00 target price (up from $85.00) on shares of nVent Electric in a research report on Monday, August 4th. Finally, The Goldman Sachs Group upped their target price on shares of nVent Electric from $78.00 to $87.00 and gave the company a "buy" rating in a research note on Monday, July 7th. One analyst has rated the stock with a Strong Buy rating and seven have assigned a Buy rating to the company. Based on data from MarketBeat, the company has an average rating of "Buy" and an average price target of $87.00.

nVent Electric Company 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.