Lingohr Asset Management GmbH Buys Shares of 9,983 nVent Electric PLC $NVT

Key Points

• Lingohr Asset Management GmbH has acquired a new stake in nVent Electric PLC, purchasing nearly 10,000 shares valued at approximately $731,000, making it the fund's 28th largest position.
• Insider transactions demonstrate significant selling, with Director Herbert K. Parker and CEO Beth Wozniak selling over 62,000 shares combined, reflecting a notable decrease in their ownership.
• nVent Electric's recent earnings report revealed an EPS of $0.86, exceeding expectations, and a year-over-year revenue increase of 30.1% for the quarter.

Lingohr Asset Management GmbH purchased a new stake in shares of nVent Electric PLC (NYSE:NVT - Free Report) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 9,983 shares of the company's stock, valued at approximately $731,000. nVent Electric makes up about 1.3% of Lingohr Asset Management GmbH's investment portfolio, making the stock its 28th biggest position.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Alliance Wealth Advisors LLC UT increased its stake in nVent Electric by 1.1% during the 1st quarter. Alliance Wealth Advisors LLC UT now owns 14,192 shares of the company's stock worth $744,000 after acquiring an additional 159 shares during the period. Davis R M Inc. grew its position in nVent Electric by 4.0% during the 1st quarter. Davis R M Inc. now owns 5,200 shares of the company's stock worth $273,000 after acquiring an additional 200 shares during the last quarter. Portside Wealth Group LLC grew its holdings in nVent Electric by 3.2% during the 1st quarter. Portside Wealth Group LLC now owns 7,152 shares of the company's stock worth $375,000 after acquiring an additional 219 shares during the last quarter. Parallel Advisors LLC boosted its holdings in nVent Electric by 15.6% in the first quarter. Parallel Advisors LLC now owns 1,702 shares of the company's stock valued at $89,000 after acquiring an additional 230 shares during the last quarter. Finally, TIAA Trust National Association boosted its stake in nVent Electric by 6.3% during the first quarter. TIAA Trust National Association now owns 4,187 shares of the company's stock worth $219,000 after acquiring an additional 247 shares in the last quarter. 90.05% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several research analysts have issued reports on NVT shares. KeyCorp increased their price target on nVent Electric from $78.00 to $84.00 and gave the stock an "overweight" rating in a report on Tuesday, July 15th. Royal Bank Of Canada restated an "outperform" rating and set a $102.00 price target (up previously from $85.00) on shares of nVent Electric in a research report on Monday, August 4th. The Goldman Sachs Group increased their price objective on nVent Electric from $99.00 to $111.00 and gave the company a "buy" rating in a report on Tuesday. Roth Capital restated a "buy" rating and issued a $100.00 target price (up previously from $89.00) on shares of nVent Electric in a research note on Monday, August 4th. Finally, Barclays reissued an "overweight" rating on shares of nVent Electric in a research note on Monday, August 4th. One investment analyst has rated the stock with a Strong Buy rating and seven have given a Buy rating to the stock. According to data from MarketBeat.com, nVent Electric has a consensus rating of "Buy" and an average target price of $90.43.

Insider Transactions at nVent Electric

In other nVent Electric news, insider Sara E. Zawoyski sold 22,109 shares of the business's stock in a transaction that occurred 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 transaction, the insider owned 66,640 shares in the company, valued at approximately $5,966,945.60. The trade was a 24.91% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. 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 sale, 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. Insiders have sold a total of 261,111 shares of company stock worth $23,367,520 over the last three months. 1.80% of the stock is currently owned by company insiders.

nVent Electric Price Performance

NVT stock traded up $2.19 during midday trading on Thursday, hitting $98.65. The company's stock had a trading volume of 1,613,745 shares, compared to its average volume of 2,124,210. 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 PLC has a 12 month low of $41.71 and a 12 month high of $99.45. The company has a 50 day moving average of $86.44 and a two-hundred day moving average of $69.66. The firm has a market capitalization of $15.88 billion, a price-to-earnings ratio of 28.11, a price-to-earnings-growth ratio of 1.50 and a beta of 1.39.

nVent Electric (NYSE:NVT - Get Free Report) last issued its quarterly earnings results 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 business had revenue of $963.10 million for the quarter, compared to the consensus estimate of $906.96 million. During the same period in the prior year, the firm posted $0.82 earnings per share. The business's quarterly 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 expect that nVent Electric PLC will post 3.04 EPS for the current 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.