Amundi Sells 5,451 Shares of nVent Electric PLC $NVT

Key Points

• Amundi has reduced its stake in nVent Electric PLC by 4.0%, now owning 0.08% of the company's shares valued at approximately $6.29 million after selling 5,451 shares.
• Insiders are selling significant amounts of shares; for instance, insider Sara E. Zawoyski sold 22,109 shares valued at nearly $2 million, representing a 24.91% decrease in her ownership.
• Several brokerages have upgraded their ratings for nVent Electric, with Citigroup raising its target price from $69 to $86 and maintaining a "buy" rating.

Amundi reduced its position in shares of nVent Electric PLC (NYSE:NVT - Free Report) by 4.0% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 130,220 shares of the company's stock after selling 5,451 shares during the period. Amundi owned about 0.08% of nVent Electric worth $6,292,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. Alliance Wealth Advisors LLC UT increased its position in nVent Electric by 1.1% during the first quarter. Alliance Wealth Advisors LLC UT now owns 14,192 shares of the company's stock worth $744,000 after buying an additional 159 shares during the last quarter. Davis R M Inc. boosted its holdings in shares of nVent Electric by 4.0% during the first quarter. Davis R M Inc. now owns 5,200 shares of the company's stock worth $273,000 after acquiring an additional 200 shares during the period. Portside Wealth Group LLC grew its holdings in nVent Electric by 3.2% in the 1st quarter. Portside Wealth Group LLC now owns 7,152 shares of the company's stock valued at $375,000 after buying an additional 219 shares in the last quarter. Parallel Advisors LLC grew its stake in shares of nVent Electric by 15.6% in the first quarter. Parallel Advisors LLC now owns 1,702 shares of the company's stock valued at $89,000 after acquiring an additional 230 shares in the last quarter. Finally, TIAA Trust National Association increased its holdings in shares of nVent Electric by 6.3% during the first quarter. TIAA Trust National Association now owns 4,187 shares of the company's stock worth $219,000 after purchasing an additional 247 shares during the period. 90.05% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other nVent Electric news, EVP Jon D. Lammers sold 119,694 shares of the stock in a transaction dated Monday, August 4th. The stock was sold at an average price of $89.48, for a total value of $10,710,219.12. Following the completion of the transaction, the executive vice president directly owned 70,817 shares in the company, valued at approximately $6,336,705.16. This trade represents a 62.83% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Sara E. Zawoyski sold 22,109 shares of nVent Electric stock in a transaction dated Tuesday, August 5th. The shares were sold at an average price of $89.54, for a total value of $1,979,639.86. Following the sale, the insider directly owned 66,640 shares in the company, valued at $5,966,945.60. The trade was a 24.91% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 261,111 shares of company stock worth $23,367,520. Company insiders own 2.50% of the company's stock.

nVent Electric Price Performance

NVT stock traded down $0.18 during trading on Tuesday, reaching $96.17. 1,731,024 shares of the company were exchanged, compared to its average volume of 1,524,957. The company has a 50-day moving average of $86.01 and a two-hundred day moving average of $69.47. The company has a market capitalization of $15.48 billion, a price-to-earnings ratio of 27.40, a P/E/G ratio of 1.50 and a beta of 1.39. nVent Electric PLC has a twelve month low of $41.71 and a twelve month high of $97.52. 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 (NYSE:NVT - Get Free Report) last issued its earnings results on Friday, August 1st. The company reported $0.86 earnings per share for the quarter, beating analysts' consensus estimates of $0.79 by $0.07. The firm had revenue of $963.10 million for the quarter, compared to analyst estimates of $906.96 million. nVent Electric had a net margin of 17.72% and a return on equity of 13.36%. The company's quarterly revenue was up 30.1% on a year-over-year basis. During the same quarter last year, the business posted $0.82 earnings per share. nVent Electric has set its Q3 2025 guidance at 0.860-0.880 EPS. FY 2025 guidance at 3.220-3.300 EPS. As a group, equities analysts predict that nVent Electric PLC will post 3.04 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on NVT. KeyCorp boosted their price target on nVent Electric from $78.00 to $84.00 and gave the company an "overweight" rating in a research note on Tuesday, July 15th. Citigroup upped their target price on nVent Electric from $69.00 to $86.00 and gave the company a "buy" rating in a research report on Monday, July 14th. Barclays reaffirmed an "overweight" rating on shares of nVent Electric in a research note on Monday, August 4th. The Goldman Sachs Group increased their price objective on shares of nVent Electric from $99.00 to $111.00 and gave the stock a "buy" rating in a research note on Tuesday. Finally, Roth Capital reissued a "buy" rating and issued a $100.00 target price (up from $89.00) on shares of nVent Electric in a report on Monday, August 4th. One analyst has rated the stock with a Strong Buy rating and seven have given a Buy rating to the company's stock. According to MarketBeat, nVent Electric currently has a consensus rating of "Buy" and a consensus target price of $90.43.

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.