PDT Partners LLC Has $1.50 Million Stock Position in nVent Electric PLC $NVT

Key Points

• PDT Partners LLC increased its stake in nVent Electric PLC by 122.9% in the first quarter, bringing its total holdings to 28,690 shares valued at approximately $1.5 million.
• CEO Beth Wozniak and insider Sara E. Zawoyski sold substantial shares, with Wozniak selling 42,331 shares for about $3.8 million, reflecting a significant decrease in their positions.
• Analysts have recently upgraded their ratings on nVent Electric, with Roth Capital setting a new price target of $100.00, and the consensus rating being a "buy" with a price target of $87.00.

PDT Partners LLC boosted its stake in nVent Electric PLC (NYSE:NVT - Free Report) by 122.9% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 28,690 shares of the company's stock after acquiring an additional 15,821 shares during the quarter. PDT Partners LLC's holdings in nVent Electric were worth $1,504,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Nuveen LLC acquired a new position in shares of nVent Electric during the 1st quarter worth about $229,615,000. Clean Energy Transition LLP boosted its stake in shares of nVent Electric by 6.8% during the 1st quarter. Clean Energy Transition LLP now owns 2,260,068 shares of the company's stock worth $118,473,000 after buying an additional 144,403 shares during the last quarter. Millennium Management LLC boosted its stake in shares of nVent Electric by 743.7% during the 4th quarter. Millennium Management LLC now owns 2,215,624 shares of the company's stock worth $151,017,000 after buying an additional 1,953,026 shares during the last quarter. Fiduciary Management Inc. WI boosted its stake in shares of nVent Electric by 38.1% during the 1st quarter. Fiduciary Management Inc. WI now owns 2,120,222 shares of the company's stock worth $111,142,000 after buying an additional 585,449 shares during the last quarter. Finally, Dimensional Fund Advisors LP boosted its stake in shares of 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 buying an additional 422,640 shares during the last quarter. 90.05% of the stock is owned by institutional investors.

Insider Activity

In other nVent Electric news, EVP Aravind Padmanabhan sold 24,534 shares of the stock in a transaction that occurred on 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 owned 12,063 shares in the company, valued at $1,085,670. This represents a 67.04% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Herbert K. Parker sold 20,597 shares of the stock in a transaction that occurred on Monday, August 4th. The stock was sold at an average price of $89.88, for a total transaction of $1,851,258.36. Following the sale, the director owned 15,070 shares in the company, valued at $1,354,491.60. This represents a 57.75% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 261,111 shares of company stock worth $23,367,520. Insiders own 2.50% of the company's stock.

Wall Street Analysts Forecast Growth

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

nVent Electric Stock Performance

Shares of NYSE:NVT traded up $0.07 on Monday, reaching $92.87. 354,598 shares of the company's stock were exchanged, compared to its average volume of 2,138,369. The company has a fifty day moving average of $83.09 and a 200-day moving average of $67.88. nVent Electric PLC has a twelve month low of $41.71 and a twelve month high of $93.32. The company has a market capitalization of $14.95 billion, a price-to-earnings ratio of 26.43, a PEG ratio of 1.45 and a beta of 1.38. The company has a current ratio of 1.67, a quick ratio of 1.20 and a debt-to-equity ratio of 0.50.

nVent Electric (NYSE:NVT - Get Free Report) last announced its 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 net margin of 17.72% and a return on equity of 13.36%. The firm had revenue of $963.10 million for the quarter, compared to analyst estimates of $906.96 million. During the same quarter in the prior year, the business posted $0.82 EPS. The business's 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. On average, research analysts predict that nVent Electric PLC will post 3.04 EPS for the current fiscal year.

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.