Intech Investment Management LLC Acquires 31,355 Shares of nVent Electric PLC $NVT

Key Points

• Intech Investment Management LLC increased its stake in nVent Electric PLC by 36.3%, owning 117,705 shares valued at approximately $6.17 million.
• nVent Electric reported $0.86 EPS in its latest earnings release, surpassing expectations by $0.07, with a revenue of $963.10 million, up 30.1% year-over-year.
• 90.05% of nVent Electric's stock is held by institutional investors with recent institutional activity including new stakes from several firms like Capital A Wealth Management and SVB Wealth.

Intech Investment Management LLC grew its holdings in nVent Electric PLC (NYSE:NVT - Free Report) by 36.3% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 117,705 shares of the company's stock after purchasing an additional 31,355 shares during the quarter. Intech Investment Management LLC owned about 0.07% of nVent Electric worth $6,170,000 as of its most recent filing with the SEC.

Several other large investors have also made changes to their positions in the company. SVB Wealth LLC acquired a new position in nVent Electric in the first quarter valued at about $25,000. Capital A Wealth Management LLC bought a new position in nVent Electric in the fourth quarter valued at approximately $27,000. Whipplewood Advisors LLC lifted its position in shares of nVent Electric by 467.3% in the first quarter. Whipplewood Advisors LLC now owns 607 shares of the company's stock valued at $32,000 after buying an additional 500 shares during the last quarter. Hughes Financial Services LLC acquired a new stake in shares of nVent Electric in the first quarter valued at approximately $36,000. Finally, Park Square Financial Group LLC acquired a new stake in nVent Electric during the 4th quarter worth approximately $38,000. Institutional investors and hedge funds own 90.05% of the company's stock.

Insiders Place Their Bets

In related news, EVP Lynnette R. Heath sold 17,853 shares of the company's stock in a transaction on Tuesday, August 5th. The shares were sold at an average price of $89.33, for a total value of $1,594,808.49. Following the completion of the transaction, the executive vice president owned 30,512 shares of the company's stock, valued at approximately $2,725,636.96. This represents a 36.91% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Sara E. Zawoyski sold 22,109 shares of the company's stock in a transaction on Tuesday, August 5th. The stock was sold at an average price of $89.54, for a total transaction of $1,979,639.86. Following the completion of the transaction, the insider directly owned 66,640 shares of the company's stock, valued at $5,966,945.60. This represents a 24.91% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 261,111 shares of company stock worth $23,367,520 in the last 90 days. Insiders own 2.50% of the company's stock.

Analysts Set New Price Targets

Several analysts recently weighed in on NVT shares. Roth Capital reissued a "buy" rating and set a $100.00 price target (up from $89.00) on shares of nVent Electric in a report on Monday, August 4th. Barclays restated an "overweight" rating on shares of nVent Electric in a research report on Monday, August 4th. Wall Street Zen raised nVent Electric from a "hold" rating to a "buy" rating in a report on Saturday, July 12th. The Goldman Sachs Group boosted their price objective on nVent Electric from $99.00 to $111.00 and gave the company a "buy" rating in a research note on Tuesday. Finally, Royal Bank Of Canada reissued an "outperform" rating and issued a $102.00 price objective (up 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. According to MarketBeat.com, the stock presently has a consensus rating of "Buy" and an average target price of $90.43.

nVent Electric Trading Down 0.2%

Shares of NYSE NVT traded down $0.22 during trading hours on Wednesday, hitting $95.98. The company's stock had a trading volume of 444,907 shares, compared to its average volume of 2,117,446. The business has a 50-day simple moving average of $86.01 and a 200-day simple moving average of $69.47. The company has a debt-to-equity ratio of 0.50, a quick ratio of 1.20 and a current ratio of 1.67. The stock has a market cap of $15.45 billion, a price-to-earnings ratio of 27.38, a P/E/G ratio of 1.50 and a beta of 1.39. nVent Electric PLC has a 12 month low of $41.71 and a 12 month high of $97.52.

nVent Electric (NYSE:NVT - Get Free Report) last released its earnings results on Friday, August 1st. The company reported $0.86 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.79 by $0.07. nVent Electric had a net margin of 17.72% and a return on equity of 13.36%. The firm had revenue of $963.10 million during the quarter, compared to analyst estimates of $906.96 million. During the same period last year, the business earned $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. On average, analysts anticipate 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.