Ariel Investments LLC Acquires 13,520 Shares of nVent Electric PLC $NVT

Key Points

• Ariel Investments LLC increased its stake in nVent Electric PLC by 1.7% to own 796,665 shares, valued at approximately $41.76 million.
• Insider selling has occurred, with EVP Lynnette R. Heath selling 17,853 shares for around $1.59 million, and EVP Aravind Padmanabhan selling 24,534 shares valued at $2.21 million.
• Analysts have increased their price targets for nVent Electric, with Royal Bank Of Canada raising their target from $85.00 to $102.00, reflecting overall positive sentiment in the market.

Ariel Investments LLC raised its stake in shares of nVent Electric PLC (NYSE:NVT - Free Report) by 1.7% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 796,665 shares of the company's stock after buying an additional 13,520 shares during the period. Ariel Investments LLC owned about 0.48% of nVent Electric worth $41,761,000 as of its most recent SEC filing.

A number of other hedge funds have also added to or reduced their stakes in NVT. Baird Financial Group Inc. raised its stake in nVent Electric by 10.9% during the 4th quarter. Baird Financial Group Inc. now owns 16,156 shares of the company's stock valued at $1,101,000 after buying an additional 1,591 shares during the last quarter. Crestline Management LP raised its stake in nVent Electric by 90.4% during the 4th quarter. Crestline Management LP now owns 66,259 shares of the company's stock valued at $4,516,000 after buying an additional 31,450 shares during the last quarter. Deutsche Bank AG raised its stake in nVent Electric by 24.7% during the 4th quarter. Deutsche Bank AG now owns 779,209 shares of the company's stock valued at $53,111,000 after buying an additional 154,152 shares during the last quarter. Ethic Inc. raised its stake in nVent Electric by 13.9% during the 4th quarter. Ethic Inc. now owns 29,058 shares of the company's stock valued at $1,981,000 after buying an additional 3,535 shares during the last quarter. Finally, Eisler Capital Management Ltd. purchased a new stake in nVent Electric during the 4th quarter valued at $8,527,000. 90.05% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at nVent Electric

In other nVent Electric news, Director Herbert K. Parker sold 20,597 shares of the stock in a transaction dated Monday, August 4th. The shares were sold at an average price of $89.88, for a total transaction of $1,851,258.36. Following the completion of the transaction, the director owned 15,070 shares of the company's stock, valued at $1,354,491.60. This represents a 57.75% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Aravind Padmanabhan sold 24,534 shares of the stock in a transaction dated Tuesday, August 12th. The shares were sold at an average price of $90.00, for a total transaction of $2,208,060.00. Following the transaction, the executive vice president directly owned 12,063 shares of the company's stock, valued at $1,085,670. This trade represents a 67.04% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 261,111 shares of company stock worth $23,367,520. Insiders own 1.80% of the company's stock.

Wall Street Analyst Weigh In

NVT has been the subject of several analyst reports. Royal Bank Of Canada restated an "outperform" rating and issued a $102.00 price objective (up from $85.00) on shares of nVent Electric in a research note on Monday, August 4th. Roth Capital restated a "buy" rating and issued a $100.00 price objective (up from $89.00) on shares of nVent Electric in a research note on Monday, August 4th. KeyCorp upped 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. Wall Street Zen upgraded nVent Electric from a "hold" rating to a "buy" rating in a research note on Saturday, July 12th. Finally, Barclays restated an "overweight" rating on shares of nVent Electric in a research note on Monday, August 4th. One research analyst has rated the stock with a Strong Buy rating and seven have assigned a Buy rating to the stock. Based on data from MarketBeat, nVent Electric has a consensus rating of "Buy" and a consensus price target of $87.00.

nVent Electric Price Performance

NVT stock traded up $0.79 during trading on Friday, reaching $92.72. The company's stock had a trading volume of 1,956,990 shares, compared to its average volume of 1,545,571. nVent Electric PLC has a 1 year low of $41.71 and a 1 year high of $93.32. The company has a quick ratio of 1.20, a current ratio of 1.67 and a debt-to-equity ratio of 0.50. The company has a market capitalization of $14.92 billion, a P/E ratio of 26.41, a price-to-earnings-growth ratio of 1.50 and a beta of 1.39. The company's fifty day moving average is $83.09 and its 200-day moving average is $67.87.

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 during the quarter, compared to analyst estimates of $906.96 million. During the same quarter in the prior year, the business posted $0.82 EPS. nVent Electric's revenue for the quarter 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. On average, research analysts expect that nVent Electric PLC will post 3.04 earnings per share for the current fiscal year.

About nVent Electric

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.