Invesco Ltd. Lowers Holdings in nVent Electric PLC $NVT

Key Points

• Invesco Ltd. reduced its stake in nVent Electric PLC by 45.7%, selling 787,986 shares, and now owns approximately 0.57% of the company, valued at around $49 million.
• Several institutions, including Utah Retirement Systems and Davis R M Inc., have increased their positions in nVent Electric, highlighting ongoing institutional interest as these investors collectively own over 90% of the company.
• Analysts have shown optimism for nVent Electric, with multiple firms raising their price targets and establishing a consensus rating of "Buy" with an average price target of $87.00.

Invesco Ltd. reduced its stake in shares of nVent Electric PLC (NYSE:NVT - Free Report) by 45.7% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 935,882 shares of the company's stock after selling 787,986 shares during the period. Invesco Ltd. owned 0.57% of nVent Electric worth $49,059,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. NewEdge Advisors LLC raised its stake in nVent Electric by 1,010.8% during the 4th quarter. NewEdge Advisors LLC now owns 23,505 shares of the company's stock valued at $1,602,000 after purchasing an additional 21,389 shares during the period. Farringdon Capital Ltd. bought a new stake in nVent Electric during the 4th quarter valued at approximately $212,000. First Trust Advisors LP raised its stake in nVent Electric by 40.4% during the 4th quarter. First Trust Advisors LP now owns 996,714 shares of the company's stock valued at $67,936,000 after purchasing an additional 286,861 shares during the period. Capital Research Global Investors bought a new stake in nVent Electric during the 4th quarter valued at approximately $384,749,000. Finally, MetLife Investment Management LLC raised its stake in nVent Electric by 8.2% during the 4th quarter. MetLife Investment Management LLC now owns 92,915 shares of the company's stock valued at $6,333,000 after purchasing an additional 7,027 shares during the period. 90.05% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at nVent Electric

In other nVent Electric news, EVP Jon D. Lammers sold 119,694 shares of the company's stock in a transaction on Monday, August 4th. The stock was sold at an average price of $89.48, for a total value of $10,710,219.12. Following the completion of the sale, the executive vice president directly owned 70,817 shares in the company, valued at approximately $6,336,705.16. This represents a 62.83% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Aravind Padmanabhan sold 24,534 shares of the company's 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. This represents a 67.04% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 261,111 shares of company stock worth $23,367,520 over the last quarter. 1.80% of the stock is owned by insiders.

Analyst Ratings Changes

NVT has been the topic of several recent analyst reports. Citigroup lifted their target price on nVent Electric from $69.00 to $86.00 and gave the company a "buy" rating in a research note on Monday, July 14th. Roth Capital reissued a "buy" rating and set a $100.00 target price (up previously from $89.00) on shares of nVent Electric in a research report on Monday, August 4th. Royal Bank Of Canada reissued 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. The Goldman Sachs Group boosted their target price on nVent Electric from $78.00 to $87.00 and gave the company a "buy" rating in a research report on Monday, July 7th. Finally, Wall Street Zen raised nVent Electric from a "hold" rating to a "buy" rating in a research report on Saturday, July 12th. One investment analyst has rated the stock with a Strong Buy rating and seven have assigned a Buy rating to the company's stock. According to MarketBeat.com, nVent Electric has an average rating of "Buy" and a consensus price target of $87.00.

nVent Electric Trading Up 0.2%

NVT traded up $0.22 during trading hours on Thursday, reaching $88.26. 479,918 shares of the company's stock traded hands, compared to its average volume of 2,181,806. The firm has a 50-day moving average price of $78.39 and a 200 day moving average price of $65.89. nVent Electric PLC has a 52-week low of $41.71 and a 52-week high of $92.75. 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 $14.21 billion, a PE ratio of 25.14, a PEG ratio of 1.51 and a beta of 1.35.

nVent Electric (NYSE:NVT - Get Free Report) last posted its quarterly earnings data on Friday, August 1st. The company reported $0.86 earnings per share (EPS) for the quarter, beating 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 business earned $0.82 EPS. nVent Electric's revenue was up 30.1% compared to the same quarter last year. 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 predict 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.