Lingohr Asset Management GmbH Takes $731,000 Position in 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 acquired a new position in nVent Electric PLC (NYSE:NVT - Free Report) in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund acquired 9,983 shares of the company's stock, valued at approximately $731,000. nVent Electric makes up approximately 1.3% of Lingohr Asset Management GmbH's investment portfolio, making the stock its 28th biggest position.

Several other hedge funds also recently made changes to their positions in NVT. Nuveen LLC bought a new position in nVent Electric during the 1st quarter worth $229,615,000. American Century Companies Inc. increased its position in shares of nVent Electric by 1,869.8% in the first quarter. American Century Companies Inc. now owns 1,462,840 shares of the company's stock worth $76,682,000 after purchasing an additional 1,388,578 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its holdings in nVent Electric by 145.8% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,466,560 shares of the company's stock valued at $99,961,000 after buying an additional 869,906 shares during the period. Fiduciary Management Inc. WI increased its holdings in nVent Electric by 38.1% in the 1st quarter. Fiduciary Management Inc. WI now owns 2,120,222 shares of the company's stock valued at $111,142,000 after buying an additional 585,449 shares during the period. Finally, Champlain Investment Partners LLC increased its holdings in nVent Electric by 40.1% in 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 period. 90.05% of the stock is owned by institutional investors.

nVent Electric Price Performance

Shares of NVT traded down $0.43 during midday trading on Friday, hitting $98.23. 742,240 shares of the company traded hands, compared to its average volume of 2,115,996. The stock has a 50-day moving average of $86.92 and a 200-day moving average of $69.95. nVent Electric PLC has a one year low of $41.71 and a one year high of $99.44. The firm has a market cap of $15.81 billion, a P/E ratio of 27.99, a PEG ratio of 1.50 and a beta of 1.39. The company has a debt-to-equity ratio of 0.50, a current ratio of 1.67 and a quick ratio of 1.20.

nVent Electric (NYSE:NVT - Get Free Report) last released 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 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% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.82 earnings per share. 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.

Insider Transactions at nVent Electric

In other news, EVP Aravind Padmanabhan sold 24,534 shares of the stock in a transaction on Tuesday, August 12th. The shares were sold at an average price of $90.00, for a total value of $2,208,060.00. Following the transaction, 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 position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, insider Sara E. Zawoyski sold 22,109 shares of the stock in a transaction dated Tuesday, August 5th. The shares were sold at an average price of $89.54, for a total value of $1,979,639.86. Following the transaction, the insider owned 66,640 shares in the company, valued at $5,966,945.60. This trade represents a 24.91% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 261,111 shares of company stock worth $23,367,520. Company insiders own 1.80% of the company's stock.

Wall Street Analysts Forecast Growth

NVT has been the topic of several recent analyst reports. Citigroup lifted their price target on nVent Electric from $69.00 to $86.00 and gave the company a "buy" rating in a research note on Monday, July 14th. Barclays reaffirmed an "overweight" rating on shares of nVent Electric in a report on Monday, August 4th. The Goldman Sachs Group lifted their price target on shares of nVent Electric from $99.00 to $111.00 and gave the company a "buy" rating in a report on Tuesday. Wall Street Zen raised shares of nVent Electric from a "hold" rating to a "buy" rating in a research note on Saturday, July 12th. Finally, Royal Bank Of Canada restated an "outperform" rating and set a $102.00 price objective (up previously from $85.00) on shares of nVent Electric in a research report on Monday, August 4th. One analyst has rated the stock with a Strong Buy rating and seven have assigned a Buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of "Buy" and a consensus price target of $90.43.

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.