Moore Capital Management LP acquired a new position in nVent Electric PLC (NYSE:NVT - Free Report) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund acquired 24,167 shares of the company's stock, valued at approximately $4,099,000.
Other large investors also recently bought and sold shares of the company. AQR Capital Management LLC boosted its stake in shares of nVent Electric by 33.1% in the first quarter. AQR Capital Management LLC now owns 94,968 shares of the company's stock worth $4,841,000 after acquiring an additional 23,606 shares during the last quarter. Jones Financial Companies Lllp raised its stake in nVent Electric by 575.6% in the 1st quarter. Jones Financial Companies Lllp now owns 8,803 shares of the company's stock valued at $461,000 after purchasing an additional 7,500 shares during the last quarter. Geneos Wealth Management Inc. lifted its holdings in nVent Electric by 436.0% in the 1st quarter. Geneos Wealth Management Inc. now owns 1,072 shares of the company's stock valued at $56,000 after purchasing an additional 872 shares in the last quarter. Marshall Wace LLP lifted its holdings in nVent Electric by 31.8% in the 2nd quarter. Marshall Wace LLP now owns 41,061 shares of the company's stock valued at $3,008,000 after purchasing an additional 9,898 shares in the last quarter. Finally, Cresset Asset Management LLC boosted its stake in nVent Electric by 57.7% during the 2nd quarter. Cresset Asset Management LLC now owns 8,136 shares of the company's stock worth $596,000 after purchasing an additional 2,977 shares during the last quarter. 90.05% of the stock is currently owned by hedge funds and other institutional investors.
Wall Street Analysts Forecast Growth
Several equities analysts have recently weighed in on NVT shares. Sanford C. Bernstein set a $220.00 price target on shares of nVent Electric in a research note on Thursday, July 9th. Wolfe Research reiterated an "outperform" rating and issued a $191.00 price objective on shares of nVent Electric in a report on Thursday, July 9th. Citigroup raised their target price on shares of nVent Electric from $203.00 to $215.00 and gave the stock a "buy" rating in a research note on Monday, August 3rd. Seaport Research Partners restated a "buy" rating and issued a $215.00 price target on shares of nVent Electric in a research report on Monday, August 3rd. Finally, Wall Street Zen upgraded nVent Electric from a "buy" rating to a "strong-buy" rating in a research report on Sunday, June 21st. Three analysts have rated the stock with a Strong Buy rating and fourteen have assigned a Buy rating to the company. Based on data from MarketBeat, nVent Electric presently has a consensus rating of "Buy" and a consensus price target of $199.86.
Read Our Latest Research Report on NVT
Insider Transactions at nVent Electric
In other news, CAO Randolph A. Wacker sold 22,525 shares of the stock in a transaction on Wednesday, August 5th. The stock was sold at an average price of $164.62, for a total transaction of $3,708,065.50. Following the completion of the transaction, the chief accounting officer directly owned 27,441 shares in the company, valued at approximately $4,517,337.42. This represents a 45.08% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Beth Wozniak sold 46,261 shares of the firm's stock in a transaction dated Wednesday, August 5th. The stock was sold at an average price of $164.42, for a total value of $7,606,233.62. Following the sale, the chief executive officer directly owned 55,612 shares of the company's stock, valued at $9,143,725.04. The trade was a 45.41% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders sold 74,644 shares of company stock worth $12,276,886. 1.70% of the stock is currently owned by company insiders.
nVent Electric Stock Up 1.6%
Shares of NYSE NVT opened at $150.91 on Tuesday. nVent Electric PLC has a 1 year low of $87.16 and a 1 year high of $184.64. The company has a market capitalization of $24.43 billion, a P/E ratio of 41.23, a P/E/G ratio of 1.25 and a beta of 1.37. The company has a 50 day simple moving average of $158.48 and a 200-day simple moving average of $146.29. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.80 and a quick ratio of 1.33.
nVent Electric (NYSE:NVT - Get Free Report) last issued its quarterly earnings data on Friday, July 31st. The company reported $1.45 earnings per share for the quarter, topping the consensus estimate of $1.16 by $0.29. The company had revenue of $1.47 billion during the quarter, compared to analyst estimates of $1.26 billion. nVent Electric had a return on equity of 18.85% and a net margin of 12.38%.The firm's revenue for the quarter was up 52.8% compared to the same quarter last year. During the same period in the prior year, the business posted $0.86 earnings per share. nVent Electric has set its Q3 2026 guidance at 1.350-1.380 EPS and its FY 2026 guidance at 5.000-5.100 EPS. On average, equities research analysts predict that nVent Electric PLC will post 5.13 earnings per share for the current year.
nVent Electric announced that its board has initiated a share repurchase plan on Saturday, May 16th that authorizes the company to repurchase $500.00 million in outstanding shares. This repurchase authorization authorizes the company to repurchase up to 1.8% of its shares through open market purchases. Shares repurchase plans are generally a sign that the company's board believes its shares are undervalued.
nVent Electric Company Profile
(
Free Report)
nVent Electric PLC is a global manufacturer of electrical connection, protection and thermal management solutions. The company designs, engineers and produces a broad portfolio of products aimed at enhancing safety, reliability and performance in electrical systems across a variety of industries. Its core offerings include electrical enclosures, heat tracing systems, grounding and bonding products, cable management, and fastening solutions. nVent serves markets such as commercial and industrial construction, oil and gas, telecommunications, data centers, utilities, and renewable energy.
The company's electrical enclosures and housing solutions protect sensitive components from environmental hazards, while its Raychem brand heat tracing products provide freeze protection and temperature maintenance for critical piping and equipment.
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This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.
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