nVent Electric PLC $NVT Stock Position Lessened by HighTower Advisors LLC

Key Points

• HighTower Advisors LLC has reduced its holdings in nVent Electric PLC by 9.5%, selling 3,062 shares in the first quarter, bringing its total to 29,168 shares valued at approximately $1.53 million.
• Analyst upgrades have been positive, with Royal Bank Of Canada raising its price target from $85 to $102 and multiple firms issuing buy ratings, reflecting an overall average price target of $87 for nVent Electric.
• Insider transactions included Director Herbert K. Parker selling over 20,000 shares for approximately $1.85 million, indicating a significant decline in insider ownership by 57.75%.

HighTower Advisors LLC trimmed its position in nVent Electric PLC (NYSE:NVT - Free Report) by 9.5% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 29,168 shares of the company's stock after selling 3,062 shares during the period. HighTower Advisors LLC's holdings in nVent Electric were worth $1,529,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Capital A Wealth Management LLC acquired a new stake in nVent Electric in the fourth quarter valued at $27,000. Whipplewood Advisors LLC lifted its holdings in nVent Electric by 467.3% in the first quarter. Whipplewood Advisors LLC now owns 607 shares of the company's stock valued at $32,000 after acquiring an additional 500 shares during the period. Hughes Financial Services LLC acquired a new stake in nVent Electric in the first quarter valued at $36,000. Park Square Financial Group LLC acquired a new stake in nVent Electric in the fourth quarter valued at $38,000. Finally, First Horizon Advisors Inc. lifted its holdings in nVent Electric by 58.0% in the first quarter. First Horizon Advisors Inc. now owns 817 shares of the company's stock valued at $43,000 after acquiring an additional 300 shares during the period. Institutional investors and hedge funds own 90.05% of the company's stock.

Analyst Ratings Changes

NVT has been the subject of several research reports. KeyCorp lifted their price target on nVent Electric from $78.00 to $84.00 and gave the stock an "overweight" rating in a research note on Tuesday, July 15th. The Goldman Sachs Group lifted their price target on nVent Electric from $78.00 to $87.00 and gave the stock a "buy" rating in a research note on Monday, July 7th. Citigroup lifted their price target on nVent Electric from $69.00 to $86.00 and gave the stock a "buy" rating in a research note on Monday, July 14th. Royal Bank Of Canada reaffirmed an "outperform" rating and set a $102.00 price target (up previously from $85.00) on shares of nVent Electric in a research note on Monday, August 4th. Finally, Roth Capital reaffirmed a "buy" rating and set a $100.00 price target (up previously from $89.00) on shares of nVent Electric in a research note on Monday, August 4th. One analyst has rated the stock with a Strong Buy rating and seven have issued a Buy rating to the company's stock. According to MarketBeat, the stock has an average rating of "Buy" and a consensus target price of $87.00.

nVent Electric Trading Down 2.9%

NVT traded down $2.67 during midday trading on Friday, hitting $89.91. The company's stock had a trading volume of 565,878 shares, compared to its average volume of 2,157,349. The company has a current ratio of 1.67, a quick ratio of 1.20 and a debt-to-equity ratio of 0.50. The firm has a market cap of $14.47 billion, a P/E ratio of 25.62, a PEG ratio of 1.47 and a beta of 1.35. The firm has a 50-day moving average price of $80.85 and a two-hundred day moving average price of $66.93. nVent Electric PLC has a 52-week low of $41.71 and a 52-week high of $92.95.

nVent Electric (NYSE:NVT - Get Free Report) last issued 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. The business had revenue of $963.10 million during the quarter, compared to analysts' expectations of $906.96 million. nVent Electric had a return on equity of 13.36% and a net margin of 17.72%.The company's revenue for the quarter was up 30.1% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.82 EPS. 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 anticipate that nVent Electric PLC will post 3.04 earnings per share for the current year.

Insider Buying and Selling

In related news, EVP Aravind Padmanabhan sold 24,534 shares of the company's stock in a transaction on Tuesday, August 12th. The stock was sold at an average price of $90.00, for a total transaction of $2,208,060.00. Following the completion of the transaction, the executive vice president directly 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 filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Herbert K. Parker sold 20,597 shares of the company's stock in a transaction on Monday, August 4th. The stock was sold at an average price of $89.88, for a total value of $1,851,258.36. Following the transaction, the director owned 15,070 shares of the company's stock, valued at approximately $1,354,491.60. The trade was a 57.75% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 261,111 shares of company stock worth $23,367,520 over the last 90 days. 1.80% of the stock is currently owned by corporate insiders.

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.