nVent Electric PLC $NVT Stake Lifted by Raymond James Financial Inc.

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. increased its stake in shares of nVent Electric PLC (NYSE:NVT - Free Report) by 117.6% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 425,722 shares of the company's stock after buying an additional 230,103 shares during the quarter. Raymond James Financial Inc. owned about 0.26% of nVent Electric worth $22,317,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. Cresset Asset Management LLC bought a new position in nVent Electric during the 1st quarter worth $270,000. 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 worth $744,000 after buying an additional 159 shares during the last quarter. Tocqueville Asset Management L.P. grew its stake in nVent Electric by 29.4% during the 1st quarter. Tocqueville Asset Management L.P. now owns 146,415 shares of the company's stock worth $7,675,000 after buying an additional 33,255 shares during the last quarter. American Century Companies Inc. grew its stake in nVent Electric by 1,869.8% during the 1st quarter. American Century Companies Inc. now owns 1,462,840 shares of the company's stock worth $76,682,000 after buying an additional 1,388,578 shares during the last quarter. Finally, Dimensional Fund Advisors LP grew its stake in 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 currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on NVT shares. 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. Barclays reaffirmed an "overweight" rating on shares of nVent Electric in a research note on Monday, August 4th. Citigroup raised their target price on nVent Electric from $69.00 to $86.00 and gave the company a "buy" rating in a research note on Monday, July 14th. KeyCorp upped their target price on nVent Electric from $78.00 to $84.00 and gave the company an "overweight" rating in a report on Tuesday, July 15th. Finally, Roth Capital reaffirmed a "buy" rating and set a $100.00 target price (up from $89.00) on shares of nVent Electric in a report on Monday, August 4th. One equities research analyst has rated the stock with a Strong Buy rating and seven have issued a Buy rating to the stock. According to MarketBeat, nVent Electric has an average rating of "Buy" and a consensus target price of $87.00.

nVent Electric Stock Performance

Shares of NYSE NVT opened at $90.93 on Wednesday. The company has a debt-to-equity ratio of 0.50, a quick ratio of 1.20 and a current ratio of 1.67. The firm has a market cap of $14.63 billion, a price-to-earnings ratio of 25.91, a P/E/G ratio of 1.44 and a beta of 1.35. The business's 50-day simple moving average is $80.00 and its 200-day simple moving average is $66.59. nVent Electric PLC has a 52 week low of $41.71 and a 52 week high of $92.75.

nVent Electric (NYSE:NVT - Get Free Report) last issued its quarterly earnings data on Friday, August 1st. The company reported $0.86 EPS for the quarter, beating analysts' consensus estimates of $0.79 by $0.07. The business had revenue of $963.10 million for the quarter, compared to analyst estimates of $906.96 million. nVent Electric had a return on equity of 13.36% and a net margin of 17.72%.The firm's revenue for the quarter was up 30.1% on a year-over-year basis. During the same quarter in the prior year, the firm posted $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. As a group, equities research analysts expect that nVent Electric PLC will post 3.04 earnings per share for the current fiscal year.

Insider Buying and Selling at nVent Electric

In other news, Director Herbert K. Parker sold 20,597 shares of the stock in a transaction dated 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 transaction, the director owned 15,070 shares of the company's stock, valued at approximately $1,354,491.60. This represents a 57.75% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Beth Wozniak sold 42,331 shares of the stock in a transaction dated Monday, August 18th. The shares were sold at an average price of $89.21, for a total value of $3,776,348.51. Following the transaction, the chief executive officer directly owned 49,196 shares in the company, valued at approximately $4,388,775.16. This represents a 46.25% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 261,111 shares of company stock worth $23,367,520 in the last 90 days. Company insiders own 2.50% of the company's stock.

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.

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