nVent Electric PLC $NVT Shares Sold by Hancock Whitney Corp

Hancock Whitney Corp lessened its position in nVent Electric PLC (NYSE:NVT - Free Report) by 52.2% during the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 7,192 shares of the company's stock after selling 7,839 shares during the period. Hancock Whitney Corp's holdings in nVent Electric were worth $377,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently made changes to their positions in NVT. Nuveen LLC purchased a new position in shares of nVent Electric during the first quarter valued at approximately $229,615,000. Clean Energy Transition LLP increased its stake in shares of nVent Electric by 6.8% in the first 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 in the last quarter. Millennium Management LLC increased its stake in shares of nVent Electric by 743.7% in the fourth quarter. Millennium Management LLC now owns 2,215,624 shares of the company's stock worth $151,017,000 after purchasing an additional 1,953,026 shares in the last quarter. Fiduciary Management Inc. WI boosted its position in shares of nVent Electric by 38.1% during the first quarter. Fiduciary Management Inc. WI now owns 2,120,222 shares of the company's stock worth $111,142,000 after acquiring an additional 585,449 shares during the last quarter. Finally, Dimensional Fund Advisors LP boosted its position in shares of nVent Electric by 25.0% during the first quarter. Dimensional Fund Advisors LP now owns 2,115,452 shares of the company's stock worth $110,885,000 after acquiring an additional 422,640 shares during the last quarter. Institutional investors own 90.05% of the company's stock.

Insiders Place Their Bets

In other news, CEO Beth Wozniak sold 42,331 shares of the firm's stock in a transaction dated Monday, August 18th. The shares were 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 approximately $4,388,775.16. This trade represents a 46.25% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Lynnette R. Heath sold 17,853 shares of the firm's stock in a transaction dated 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 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. In the last ninety days, insiders sold 261,111 shares of company stock worth $23,367,520. Insiders own 1.80% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on NVT shares. Royal Bank Of Canada restated an "outperform" rating and set a $102.00 target price (up previously from $85.00) on shares of nVent Electric in a research report on Monday, August 4th. Barclays reiterated an "overweight" rating on shares of nVent Electric in a research report on Monday, August 4th. Roth Capital reiterated a "buy" rating and set a $100.00 price objective (up previously from $89.00) on shares of nVent Electric in a research report on Monday, August 4th. KeyCorp increased their price objective on shares of nVent Electric from $78.00 to $84.00 and gave the company an "overweight" rating in a research report on Tuesday, July 15th. Finally, Wall Street Zen upgraded shares of nVent Electric from a "hold" rating to a "buy" rating in a 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 stock. According to MarketBeat.com, the stock has a consensus rating of "Buy" and a consensus target price of $87.00.

nVent Electric Stock Down 0.9%

NYSE NVT traded down $0.83 during trading on Friday, reaching $94.88. 1,311,888 shares of the company's stock traded hands, compared to its average volume of 1,527,646. 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 $15.27 billion, a price-to-earnings ratio of 27.03, a price-to-earnings-growth ratio of 1.49 and a beta of 1.39. The company's 50 day simple moving average is $85.14 and its two-hundred day simple moving average is $68.97. nVent Electric PLC has a 12-month low of $41.71 and a 12-month high of $96.62.

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 business 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 for the quarter was up 30.1% on a year-over-year basis. During the same quarter 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. As a group, sell-side analysts forecast that nVent Electric PLC will post 3.04 EPS for the current fiscal year.

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.