Jump Financial LLC Raises Stake in nVent Electric PLC $NVT

Key Points

• Jump Financial LLC significantly increased its stake in nVent Electric PLC by acquiring an additional 122,250 shares, bringing its total ownership to approximately 127,968 shares valued at $6.7 million.
• nVent Electric reported a strong financial performance, with $963.1 million in quarterly revenue, exceeding analyst estimates, and earnings per share of $0.86, beating expectations by $0.07.
• Institutional investors dominate nVent Electric's ownership, holding about 90.05% of the stock, with notable increases from multiple investment firms during the recent quarters.

Jump Financial LLC grew its holdings in shares of nVent Electric PLC (NYSE:NVT - Free Report) by 2,138.0% in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 127,968 shares of the company's stock after purchasing an additional 122,250 shares during the quarter. Jump Financial LLC owned approximately 0.08% of nVent Electric worth $6,708,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Capital A Wealth Management LLC purchased a new stake in shares of nVent Electric during the 4th quarter valued at about $27,000. SVB Wealth LLC purchased a new position in nVent Electric during the first quarter valued at approximately $25,000. Park Square Financial Group LLC purchased a new stake in nVent Electric during the 4th quarter valued at approximately $38,000. Whipplewood Advisors LLC grew its holdings 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 buying an additional 500 shares in the last quarter. Finally, Hughes Financial Services LLC purchased a new stake in nVent Electric during the 1st quarter valued at approximately $36,000. Hedge funds and other institutional investors own 90.05% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on the stock. Citigroup increased their price objective on shares of nVent Electric from $69.00 to $86.00 and gave the company a "buy" rating in a report on Monday, July 14th. Barclays reiterated an "overweight" rating on shares of nVent Electric in a research report on Monday, August 4th. The Goldman Sachs Group increased 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. Wall Street Zen upgraded nVent Electric from a "hold" rating to a "buy" rating in a research report on Saturday, July 12th. Finally, KeyCorp raised 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. 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, nVent Electric currently has a consensus rating of "Buy" and an average price target of $87.00.

Insider Activity

In other news, CEO Beth Wozniak sold 42,331 shares of the company's stock in a transaction dated Monday, August 18th. The shares were sold at an average price of $89.21, for a total transaction of $3,776,348.51. Following the transaction, the chief executive officer owned 49,196 shares in the company, valued at $4,388,775.16. This represents a 46.25% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, EVP Jon D. Lammers sold 119,694 shares of the company's stock in a transaction dated Monday, August 4th. The shares were sold at an average price of $89.48, for a total transaction of $10,710,219.12. Following the transaction, the executive vice president owned 70,817 shares in the company, valued at approximately $6,336,705.16. This trade represents a 62.83% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 261,111 shares of company stock valued at $23,367,520. 1.80% of the stock is owned by company insiders.

nVent Electric Stock Down 2.5%

NYSE:NVT traded down $2.27 during mid-day trading on Friday, reaching $90.31. The company's stock had a trading volume of 771,064 shares, compared to its average volume of 2,158,366. The stock has a fifty day moving average of $80.85 and a 200-day moving average of $66.93. nVent Electric PLC has a 1 year low of $41.71 and a 1 year high of $92.95. The firm has a market capitalization of $14.53 billion, a PE ratio of 25.73, a price-to-earnings-growth ratio of 1.47 and a beta of 1.35. The company has a quick ratio of 1.20, a current ratio of 1.67 and a debt-to-equity ratio of 0.50.

nVent Electric (NYSE:NVT - Get Free Report) last announced its quarterly earnings results on Friday, August 1st. The company reported $0.86 earnings per share for the quarter, topping the consensus estimate of $0.79 by $0.07. The firm had revenue of $963.10 million during the quarter, compared to analysts' expectations 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 was up 30.1% compared to the same quarter last year. During the same quarter in the prior year, the company earned $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. Equities research analysts forecast that nVent Electric PLC will post 3.04 earnings per share for the current 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.