Raymond James Financial Inc. Boosts Holdings in nVent Electric PLC $NVT

Key Points

• Raymond James Financial Inc. significantly increased its stake in nVent Electric PLC by 117.6%, owning 425,722 shares worth approximately $22.3 million after purchasing an additional 230,103 shares in the first quarter.
• Analysts have issued optimistic ratings for nVent Electric, with Citigroup raising its target price from $69.00 to $86.00 and several firms maintaining or increasing their "buy" ratings.
• nVent Electric recently reported $963.1 million in revenue for its latest quarter, exceeding analyst estimates and reflecting a 30.1% year-over-year increase.

Raymond James Financial Inc. boosted its holdings in shares of nVent Electric PLC (NYSE:NVT - Free Report) by 117.6% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 425,722 shares of the company's stock after acquiring an additional 230,103 shares during the period. Raymond James Financial Inc. owned 0.26% of nVent Electric worth $22,317,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of the business. Alliance Wealth Advisors LLC UT grew its stake in nVent Electric by 1.1% during the 1st quarter. Alliance Wealth Advisors LLC UT now owns 14,192 shares of the company's stock valued at $744,000 after acquiring an additional 159 shares in the last quarter. Utah Retirement Systems grew its stake in nVent Electric by 2.3% during the 4th quarter. Utah Retirement Systems now owns 8,923 shares of the company's stock valued at $608,000 after acquiring an additional 200 shares in the last quarter. Davis R M Inc. grew its stake in nVent Electric by 4.0% during the 1st quarter. Davis R M Inc. now owns 5,200 shares of the company's stock valued at $273,000 after acquiring an additional 200 shares in the last quarter. Portside Wealth Group LLC grew its stake in nVent Electric by 3.2% during the 1st quarter. Portside Wealth Group LLC now owns 7,152 shares of the company's stock valued at $375,000 after acquiring an additional 219 shares in the last quarter. Finally, Parallel Advisors LLC grew its stake in nVent Electric by 15.6% during the 1st 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. Hedge funds and other institutional investors own 90.05% of the company's stock.

nVent Electric Stock Down 2.5%

Shares of NVT traded down $2.27 during midday trading on Monday, reaching $90.31. The stock had a trading volume of 1,275,705 shares, compared to its average volume of 1,879,180. nVent Electric PLC has a 1-year low of $41.71 and a 1-year high of $92.95. The company's fifty day simple moving average is $81.64 and its two-hundred day simple moving average is $67.23. The company has a market cap of $14.53 billion, a price-to-earnings ratio of 25.73, a PEG ratio of 1.46 and a beta of 1.38. 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 announced its quarterly earnings data 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. nVent Electric had a net margin of 17.72% and a return on equity of 13.36%. The business had revenue of $963.10 million for the quarter, compared to analyst estimates of $906.96 million. During the same period last year, the business earned $0.82 EPS. The company's revenue was up 30.1% on a year-over-year basis. nVent Electric has set its Q3 2025 guidance at 0.860-0.880 EPS. FY 2025 guidance at 3.220-3.300 EPS. Equities research analysts expect that nVent Electric PLC will post 3.04 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on the stock. Barclays reissued an "overweight" rating on shares of nVent Electric in a research note on Monday, August 4th. Roth Capital reissued a "buy" rating and issued a $100.00 price target (up previously from $89.00) on shares of nVent Electric in a research note on Monday, August 4th. KeyCorp increased their price target on shares of nVent Electric from $78.00 to $84.00 and gave the company an "overweight" rating in a research note on Tuesday, July 15th. Citigroup increased their price target on shares of nVent Electric from $69.00 to $86.00 and gave the company a "buy" rating in a research note on Monday, July 14th. Finally, Royal Bank Of Canada reissued an "outperform" rating and issued a $102.00 price target (up previously from $85.00) 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. Based on data from MarketBeat, the company presently has a consensus rating of "Buy" and a consensus price target of $87.00.

Insider Transactions at nVent Electric

In related news, insider Sara E. Zawoyski sold 22,109 shares of the stock in a transaction on 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 transaction, the insider directly owned 66,640 shares of the company's stock, valued at $5,966,945.60. This trade represents a 24.91% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CEO Beth Wozniak sold 42,331 shares of the stock in a transaction on Monday, August 18th. The shares were sold at an average price of $89.21, for a total transaction of $3,776,348.51. Following the completion of the transaction, the chief executive officer directly owned 49,196 shares in the company, valued at $4,388,775.16. This trade represents a 46.25% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 261,111 shares of company stock worth $23,367,520. Insiders own 2.50% of the company's stock.

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.