Hsbc Holdings PLC Purchases 12,386 Shares of nVent Electric PLC $NVT

Key Points

• Hsbc Holdings PLC boosted its stake in nVent Electric PLC by 32.4% in the first quarter, owning 50,670 shares valued at approximately $2.6 million.
• Insider selling includes CAO Randolph A. Wacker and EVP Lynnette R. Heath, who sold shares totaling over $1.8 million in August, indicating a decrease of 9.83% and 36.91% in their respective positions.
• Analysts are optimistic about nVent Electric, with multiple firms raising their price targets, resulting in a consensus target of $87.00 and an overall "Buy" rating for the stock.

Hsbc Holdings PLC boosted its stake in nVent Electric PLC (NYSE:NVT - Free Report) by 32.4% in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 50,670 shares of the company's stock after buying an additional 12,386 shares during the period. Hsbc Holdings PLC's holdings in nVent Electric were worth $2,623,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Capital A Wealth Management LLC bought a new position in nVent Electric in the 4th quarter valued at about $27,000. Park Square Financial Group LLC bought a new position in shares of nVent Electric in the fourth quarter valued at approximately $38,000. Whipplewood Advisors LLC boosted its stake in nVent Electric by 467.3% during the 1st quarter. Whipplewood Advisors LLC now owns 607 shares of the company's stock valued at $32,000 after purchasing an additional 500 shares in the last quarter. Hughes Financial Services LLC bought a new position in nVent Electric during the 1st quarter valued at $36,000. Finally, First Horizon Advisors Inc. boosted its stake in nVent Electric by 58.0% during the 1st quarter. First Horizon Advisors Inc. now owns 817 shares of the company's stock valued at $43,000 after purchasing an additional 300 shares in the last quarter. Institutional investors own 90.05% of the company's stock.

Insider Activity at nVent Electric

In other news, Director Herbert K. Parker sold 20,597 shares of the firm's stock in a transaction that occurred on Monday, August 4th. The shares were sold at an average price of $89.88, for a total transaction of $1,851,258.36. Following the transaction, the director directly owned 15,070 shares of the company's stock, valued at approximately $1,354,491.60. This trade represents a 57.75% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Jon D. Lammers sold 119,694 shares of the firm's stock in a transaction that occurred on Monday, August 4th. The stock was sold at an average price of $89.48, for a total transaction of $10,710,219.12. Following the transaction, the executive vice president directly owned 70,817 shares in the company, 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. In the last three months, insiders sold 261,111 shares of company stock valued at $23,367,520. 2.50% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on the stock. Barclays restated an "overweight" rating on shares of nVent Electric in a report on Monday, August 4th. The Goldman Sachs Group lifted their price objective 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. Roth Capital restated a "buy" rating and issued a $100.00 price objective (up from $89.00) on shares of nVent Electric in a research note on Monday, August 4th. KeyCorp boosted their price objective 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, 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 note on Monday, August 4th. One equities research analyst has rated the stock with a Strong Buy rating and seven have given a Buy rating to the company's stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Buy" and a consensus target price of $87.00.

nVent Electric Stock Performance

Shares of NYSE:NVT traded down $2.27 during trading on Monday, reaching $90.31. 1,275,705 shares of the stock were exchanged, compared to its average volume of 1,879,180. nVent Electric PLC has a 12 month low of $41.71 and a 12 month high of $92.95. The firm has a market cap of $14.53 billion, a PE ratio of 25.73, a PEG ratio of 1.46 and a beta of 1.38. The stock has a 50-day moving average price of $81.64 and a 200-day moving average price of $67.23. 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 issued its quarterly earnings data on Friday, August 1st. The company reported $0.86 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.79 by $0.07. nVent Electric had a return on equity of 13.36% and a net margin of 17.72%.The company had revenue of $963.10 million during the quarter, compared to analysts' expectations of $906.96 million. During the same quarter in the previous year, the company posted $0.82 earnings per share. The business's revenue was up 30.1% on a year-over-year basis. nVent Electric has set its Q3 2025 guidance at 0.860-0.880 EPS. FY 2025 guidance at 3.220-3.300 EPS. Research analysts expect that nVent Electric PLC will post 3.04 EPS for the current fiscal year.

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.