Krilogy Financial LLC Reduces Position in nVent Electric PLC $NVT

Key Points

• Krilogy Financial LLC reduced its stake in nVent Electric PLC by 22.9% in Q2, now holding 37,508 shares valued at approximately $2.75 million.
• nVent Electric's recent earnings report exceeded analyst expectations, with $0.86 EPS against an anticipated $0.79 EPS and revenue of $963.10 million, marking a 30.1% increase year-over-year.
• Insiders, including CEO Beth Wozniak, sold significant portions of their shares, with Wozniak decreasing her holdings by 46.25% after selling over 42,000 shares.

Krilogy Financial LLC lessened its position in nVent Electric PLC (NYSE:NVT - Free Report) by 22.9% during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 37,508 shares of the company's stock after selling 11,143 shares during the period. Krilogy Financial LLC's holdings in nVent Electric were worth $2,747,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in NVT. Nuveen LLC bought a new position in nVent Electric in the 1st quarter valued at approximately $229,615,000. Clean Energy Transition LLP raised its holdings in shares of nVent Electric by 6.8% during the first quarter. Clean Energy Transition LLP now owns 2,260,068 shares of the company's stock valued at $118,473,000 after purchasing an additional 144,403 shares during the last quarter. Fiduciary Management Inc. WI lifted its position in nVent Electric by 38.1% during the first quarter. Fiduciary Management Inc. WI now owns 2,120,222 shares of the company's stock valued at $111,142,000 after purchasing an additional 585,449 shares during the period. Dimensional Fund Advisors LP boosted its holdings in nVent Electric by 25.0% in the first quarter. Dimensional Fund Advisors LP now owns 2,115,452 shares of the company's stock worth $110,885,000 after purchasing an additional 422,640 shares during the last quarter. Finally, Champlain Investment Partners LLC raised its stake in nVent Electric by 40.1% during the 1st quarter. Champlain Investment Partners LLC now owns 1,783,105 shares of the company's stock valued at $93,470,000 after buying an additional 510,535 shares during the last quarter. Institutional investors own 90.05% of the company's stock.

Analyst Ratings Changes

NVT has been the topic of several research reports. Roth Capital reissued a "buy" rating and issued a $100.00 target price (up from $89.00) on shares of nVent Electric in a research report on Monday, August 4th. Royal Bank Of Canada reaffirmed an "outperform" rating and issued a $102.00 target price (up from $85.00) on shares of nVent Electric in a report on Monday, August 4th. Barclays reissued an "overweight" rating on shares of nVent Electric in a report on Monday, August 4th. KeyCorp raised their price objective on nVent Electric from $78.00 to $84.00 and gave the stock an "overweight" rating in a research note on Tuesday, July 15th. Finally, Citigroup boosted 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 research analyst has rated the stock with a Strong Buy rating and seven have given a Buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of "Buy" and a consensus target price of $90.43.

Insider Activity

In related news, Director Herbert K. Parker sold 20,597 shares of the firm's stock in a transaction on Monday, August 4th. The shares were sold at an average price of $89.88, for a total value of $1,851,258.36. Following the completion of 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 transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Beth Wozniak sold 42,331 shares of the stock in a transaction on 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 of the company's stock, valued at $4,388,775.16. This trade represents a 46.25% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 261,111 shares of company stock worth $23,367,520. 1.80% of the stock is owned by corporate insiders.

nVent Electric Price Performance

Shares of NYSE:NVT traded up $0.36 during midday trading on Friday, reaching $99.01. 3,830,151 shares of the company were exchanged, compared to its average volume of 1,523,043. The stock has a market cap of $15.94 billion, a PE ratio of 28.21, a price-to-earnings-growth ratio of 1.54 and a beta of 1.39. The business's fifty day moving average is $87.40 and its two-hundred day moving average is $70.25. nVent Electric PLC has a one year low of $41.71 and a one year high of $99.44. 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 announced its quarterly earnings results on Friday, August 1st. The company reported $0.86 EPS for the quarter, topping the consensus estimate of $0.79 by $0.07. The business had revenue of $963.10 million for 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 business's quarterly revenue was up 30.1% compared to the same quarter last year. During the same quarter in the previous 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. As a group, analysts predict 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.