Haverford Trust Co Acquires 149,306 Shares of nVent Electric PLC $NVT

Key Points

• Haverford Trust Co increased its stake in nVent Electric PLC by 27% in Q1, owning 0.43% of the company with a value of $36.8 million after acquiring 149,306 additional shares.
• nVent Electric reported earnings of $0.86 per share, surpassing analyst expectations of $0.79, and its revenue increased by 30.1% year-over-year to $963.1 million for the quarter.
• Several research firms have upgraded nVent Electric to a "buy" rating, with a consensus target price of $87.00, reflecting positive outlooks from multiple analysts.

Haverford Trust Co increased its holdings in nVent Electric PLC (NYSE:NVT - Free Report) by 27.0% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 702,452 shares of the company's stock after acquiring an additional 149,306 shares during the quarter. Haverford Trust Co owned about 0.43% of nVent Electric worth $36,823,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also added to or reduced their stakes in the stock. XTX Topco Ltd boosted its stake in shares of nVent Electric by 192.2% during the 1st quarter. XTX Topco Ltd now owns 12,284 shares of the company's stock valued at $644,000 after purchasing an additional 8,080 shares in the last quarter. Hsbc Holdings PLC boosted its position in nVent Electric by 32.4% during the 1st quarter. Hsbc Holdings PLC now owns 50,670 shares of the company's stock valued at $2,623,000 after acquiring an additional 12,386 shares in the last quarter. Farther Finance Advisors LLC grew its holdings in shares of nVent Electric by 381.0% during the 1st quarter. Farther Finance Advisors LLC now owns 1,996 shares of the company's stock worth $106,000 after acquiring an additional 1,581 shares during the period. GAMMA Investing LLC raised its position in shares of nVent Electric by 74.3% in the 1st quarter. GAMMA Investing LLC now owns 3,476 shares of the company's stock worth $182,000 after acquiring an additional 1,482 shares in the last quarter. Finally, Janney Montgomery Scott LLC lifted its stake in shares of nVent Electric by 6.2% in the 1st quarter. Janney Montgomery Scott LLC now owns 27,252 shares of the company's stock valued at $1,429,000 after purchasing an additional 1,591 shares during the period. 90.05% of the stock is currently owned by institutional investors.

Insider Buying and Selling at nVent Electric

In related news, EVP Aravind Padmanabhan sold 24,534 shares of nVent Electric stock in a transaction on Tuesday, August 12th. The stock was sold at an average price of $90.00, for a total value 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 $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 at this link. Also, insider Sara E. Zawoyski sold 22,109 shares of the firm's stock in a transaction dated 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 completion of the transaction, the insider directly owned 66,640 shares in the company, valued at $5,966,945.60. The trade was a 24.91% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 261,111 shares of company stock worth $23,367,520. 2.50% of the stock is owned by corporate insiders.

nVent Electric Stock Performance

NVT traded up $0.44 during midday trading on Wednesday, hitting $91.28. 1,792,984 shares of the company traded hands, compared to its average volume of 2,171,557. The company's 50-day moving average is $80.00 and its 200 day moving average is $66.59. The company has a quick ratio of 1.20, a current ratio of 1.67 and a debt-to-equity ratio of 0.50. The firm has a market capitalization of $14.69 billion, a PE ratio of 26.01, a price-to-earnings-growth ratio of 1.44 and a beta of 1.35. nVent Electric PLC has a 52 week low of $41.71 and a 52 week high of $92.75.

nVent Electric (NYSE:NVT - Get Free Report) last announced its quarterly earnings results on Friday, August 1st. The company reported $0.86 EPS for the quarter, topping analysts' consensus estimates of $0.79 by $0.07. The firm had revenue of $963.10 million during the quarter, compared to analyst estimates of $906.96 million. nVent Electric had a net margin of 17.72% and a return on equity of 13.36%. The business's revenue for the quarter was up 30.1% on a year-over-year basis. During the same period in the previous year, the business posted $0.82 earnings per share. 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, research analysts expect that nVent Electric PLC will post 3.04 EPS for the current year.

Wall Street Analyst Weigh In

NVT has been the topic of several recent research reports. Barclays reiterated an "overweight" rating on shares of nVent Electric in a report on Monday, August 4th. Wall Street Zen upgraded shares of nVent Electric from a "hold" rating to a "buy" rating in a report on Saturday, July 12th. The Goldman Sachs Group lifted their target price on shares of nVent Electric from $78.00 to $87.00 and gave the company a "buy" rating in a report on Monday, July 7th. KeyCorp boosted their price target on nVent Electric from $78.00 to $84.00 and gave the stock an "overweight" rating in a research report on Tuesday, July 15th. Finally, Citigroup lifted their price objective on nVent Electric from $69.00 to $86.00 and gave the company a "buy" rating in a research note on Monday, July 14th. One analyst has rated the stock with a Strong Buy rating and seven have issued a Buy rating to the company. According to MarketBeat, nVent Electric has an average rating of "Buy" and a consensus target price 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.