nVent Electric PLC $NVT Shares Bought by Tidal Investments LLC

Key Points

• Tidal Investments increased its nVent Electric holdings by 56.3% in the second quarter, purchasing 133,117 additional shares and bringing its stake to 369,496 shares valued at approximately $62.7 million. Institutional investors and hedge funds own 90.05% of the company.
• nVent reported strong quarterly results, with earnings of $1.45 per share and revenue of $1.47 billion, exceeding analyst estimates and representing 52.8% year-over-year revenue growth.
• Analysts maintain a bullish outlook, with the stock carrying an average “Buy” rating and a $199.86 price target, although company insiders sold 74,644 shares worth about $12.3 million over the past three months.

Tidal Investments LLC raised its holdings in nVent Electric PLC (NYSE:NVT - Free Report) by 56.3% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 369,496 shares of the company's stock after purchasing an additional 133,117 shares during the period. Tidal Investments LLC owned 0.23% of nVent Electric worth $62,670,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of NVT. NorthRock Partners LLC raised its position in shares of nVent Electric by 1.0% during the 2nd quarter. NorthRock Partners LLC now owns 6,602 shares of the company's stock worth $1,120,000 after purchasing an additional 66 shares during the last quarter. Sowell Financial Services LLC grew its holdings in nVent Electric by 1.7% during the 2nd quarter. Sowell Financial Services LLC now owns 4,012 shares of the company's stock valued at $680,000 after buying an additional 67 shares during the last quarter. AlTi Global Inc. grew its holdings in nVent Electric by 1.8% during the 1st quarter. AlTi Global Inc. now owns 4,081 shares of the company's stock valued at $483,000 after buying an additional 74 shares during the last quarter. Meeder Advisory Services Inc. increased its position in nVent Electric by 0.9% during the first quarter. Meeder Advisory Services Inc. now owns 8,260 shares of the company's stock worth $977,000 after buying an additional 77 shares in the last quarter. Finally, Gamco Investors INC. ET AL increased its position in nVent Electric by 1.0% during the first quarter. Gamco Investors INC. ET AL now owns 9,864 shares of the company's stock worth $1,167,000 after buying an additional 93 shares in the last quarter. 90.05% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at nVent Electric

In other nVent Electric news, CEO Beth Wozniak sold 46,261 shares of nVent Electric stock in a transaction on Wednesday, August 5th. The shares were sold at an average price of $164.42, for a total value of $7,606,233.62. Following the transaction, the chief executive officer owned 55,612 shares in the company, valued at $9,143,725.04. This trade represents a 45.41% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Der Kolk Robert J. Van sold 5,858 shares of the business's stock in a transaction on Monday, August 10th. The shares were sold at an average price of $164.32, for a total transaction of $962,586.56. Following the sale, the insider directly owned 27,387 shares of the company's stock, valued at $4,500,231.84. This represents a 17.62% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders sold 74,644 shares of company stock worth $12,276,886. 1.70% of the stock is owned by company insiders.

Analyst Ratings Changes

Several brokerages have recently issued reports on NVT. Melius Research started coverage on nVent Electric in a research report on Tuesday, June 16th. They issued a "buy" rating and a $214.00 price objective on the stock. Clear Str upgraded nVent Electric to a "strong-buy" rating in a research report on Monday, July 13th. Wolfe Research reissued an "outperform" rating and issued a $191.00 target price on shares of nVent Electric in a research note on Thursday, July 9th. Citigroup upped their target price on shares of nVent Electric from $203.00 to $215.00 and gave the company a "buy" rating in a report on Monday, August 3rd. Finally, The Goldman Sachs Group reaffirmed a "buy" rating and set a $200.00 price target on shares of nVent Electric in a research note on Saturday, August 1st. Three analysts have rated the stock with a Strong Buy rating and fourteen have issued a Buy rating to the stock. Based on data from MarketBeat, nVent Electric has an average rating of "Buy" and an average price target of $199.86.

nVent Electric Stock Performance

nVent Electric stock opened at $159.01 on Thursday. The stock has a fifty day moving average price of $156.80 and a 200 day moving average price of $148.28. nVent Electric PLC has a 52 week low of $93.22 and a 52 week high of $184.64. The firm has a market capitalization of $25.74 billion, a P/E ratio of 43.45, a PEG ratio of 1.37 and a beta of 1.36. The company has a current ratio of 1.80, a quick ratio of 1.33 and a debt-to-equity ratio of 0.37.

nVent Electric (NYSE:NVT - Get Free Report) last posted its quarterly earnings results on Friday, July 31st. The company reported $1.45 EPS for the quarter, beating the consensus estimate of $1.16 by $0.29. nVent Electric had a return on equity of 18.85% and a net margin of 12.38%.The company had revenue of $1.47 billion during the quarter, compared to analysts' expectations of $1.26 billion. During the same quarter in the previous year, the business earned $0.86 EPS. The firm's revenue was up 52.8% on a year-over-year basis. 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. Equities research analysts anticipate that nVent Electric PLC will post 5.13 earnings per share for the current year.

nVent Electric declared that its Board of Directors has authorized a share buyback plan on Saturday, May 16th that permits the company to repurchase $500.00 million in outstanding shares. This repurchase authorization permits the company to reacquire up to 1.8% of its stock through open market purchases. Stock repurchase plans are typically a sign that the company's management believes its shares are undervalued.

About nVent Electric

nVent Electric plc NYSE: NVT is a global provider of electrical connection and protection solutions. The company designs and manufactures products that help protect electrical and electronic systems, manage heat, and support the installation and operation of electrical infrastructure across industrial, commercial, residential, data center, energy and infrastructure applications.

Its product portfolio includes electrical and electronic enclosures, thermal-management systems, cable-management products, grounding and bonding equipment, electrical connections, fastening systems and other installation solutions.

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