American Century Companies Inc. Has $76.68 Million Stake in nVent Electric PLC $NVT

Key Points

Error: Response status code does not indicate success: 429 (Too Many Requests).

American Century Companies Inc. boosted its position in shares of nVent Electric PLC (NYSE:NVT - Free Report) by 1,869.8% during the 1st quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 1,462,840 shares of the company's stock after purchasing an additional 1,388,578 shares during the period. American Century Companies Inc. owned 0.89% of nVent Electric worth $76,682,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Dimensional Fund Advisors LP grew its position in nVent Electric by 25.0% during the 1st 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 in the last quarter. Fox Run Management L.L.C. purchased a new position in nVent Electric during the 1st quarter worth approximately $1,257,000. OneAscent Investment Solutions LLC purchased a new position in nVent Electric during the 1st quarter worth approximately $510,000. LGT Fund Management Co Ltd. grew its position in nVent Electric by 42.7% during the 1st quarter. LGT Fund Management Co Ltd. now owns 4,982 shares of the company's stock worth $261,000 after purchasing an additional 1,490 shares in the last quarter. Finally, Russell Investments Group Ltd. grew its position in nVent Electric by 51.7% during the 1st quarter. Russell Investments Group Ltd. now owns 168,563 shares of the company's stock worth $8,837,000 after purchasing an additional 57,471 shares in the last quarter. 90.05% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

NVT has been the topic of several research analyst reports. Citigroup lifted their price objective on shares of nVent Electric from $69.00 to $86.00 and gave the stock a "buy" rating in a research report on Monday, July 14th. Royal Bank Of Canada restated an "outperform" rating and set a $102.00 price target (up from $85.00) on shares of nVent Electric in a report on Monday, August 4th. Wall Street Zen upgraded shares of nVent Electric from a "hold" rating to a "buy" rating in a report on Saturday, July 12th. The Goldman Sachs Group boosted their price target on shares of nVent Electric from $78.00 to $87.00 and gave the company a "buy" rating in a report on Monday, July 7th. Finally, KeyCorp boosted their price target on shares of nVent Electric from $78.00 to $84.00 and gave the company an "overweight" rating in a report on Tuesday, July 15th. One research analyst has rated the stock with a Strong Buy rating and seven have issued a Buy rating to the company. According to MarketBeat.com, nVent Electric currently has a consensus rating of "Buy" and a consensus target price of $87.00.

nVent Electric Stock Down 0.0%

Shares of NVT stock traded down $0.0330 on Thursday, hitting $88.0070. The company's stock had a trading volume of 1,196,093 shares, compared to its average volume of 2,186,476. 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 PLC has a fifty-two week low of $41.71 and a fifty-two week high of $92.75. The firm's fifty day moving average price is $78.39 and its 200-day moving average price is $65.89. The stock has a market capitalization of $14.16 billion, a price-to-earnings ratio of 25.07, a P/E/G ratio of 1.51 and a beta of 1.35.

nVent Electric (NYSE:NVT - Get Free Report) last released its quarterly earnings data on Friday, August 1st. The company reported $0.86 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.79 by $0.07. nVent Electric had a net margin of 17.72% and a return on equity of 13.36%. The business had revenue of $963.10 million during the quarter, compared to analyst estimates of $906.96 million. During the same quarter in the previous year, the business earned $0.82 EPS. nVent Electric's quarterly revenue was up 30.1% compared to the same quarter last year. nVent Electric has set its Q3 2025 guidance at 0.860-0.880 EPS. FY 2025 guidance at 3.220-3.300 EPS. Research analysts anticipate that nVent Electric PLC will post 3.04 EPS for the current year.

Insiders Place Their Bets

In related news, EVP Aravind Padmanabhan sold 24,534 shares of nVent Electric 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 completion of the sale, the executive vice president owned 12,063 shares of the company's stock, valued at approximately $1,085,670. The trade was a 67.04% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Beth Wozniak sold 42,331 shares of nVent Electric 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 completion of the sale, the chief executive officer directly owned 49,196 shares of the company's stock, valued at approximately $4,388,775.16. The trade was a 46.25% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 261,111 shares of company stock worth $23,367,520 in the last 90 days. 1.80% of the stock is owned by corporate insiders.

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.