Russell Investments Group Ltd. Buys 57,471 Shares of nVent Electric PLC $NVT

Key Points

• Russell Investments Group Ltd. significantly increased its stake in nVent Electric by 51.7% in Q1, now owning about 0.10% of the company valued at approximately $8.8 million.
• Several other institutional investors also boosted their positions, with notable increases from Nuveen LLC at $229.6 million, and Millennium Management LLC increasing by 743.7% during the fourth quarter.
• Despite positive earnings results in Q2, nVent Electric has recently seen a 1.5% decrease in stock price, with an average target price among analysts now elevated to $87.00.

Russell Investments Group Ltd. raised its position in shares of nVent Electric PLC (NYSE:NVT - Free Report) by 51.7% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 168,563 shares of the company's stock after buying an additional 57,471 shares during the quarter. Russell Investments Group Ltd. owned about 0.10% of nVent Electric worth $8,837,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the company. Utah Retirement Systems raised its position in shares of nVent Electric by 2.3% in the 4th quarter. Utah Retirement Systems now owns 8,923 shares of the company's stock worth $608,000 after purchasing an additional 200 shares during the last quarter. Davis R M Inc. raised its position in shares of nVent Electric by 4.0% in the 1st quarter. Davis R M Inc. now owns 5,200 shares of the company's stock worth $273,000 after purchasing an additional 200 shares during the last quarter. Hancock Whitney Corp raised its position in shares of nVent Electric by 1.4% in the 4th quarter. Hancock Whitney Corp now owns 15,031 shares of the company's stock worth $1,025,000 after purchasing an additional 206 shares during the last quarter. Portside Wealth Group LLC raised its position in shares of nVent Electric by 3.2% in the 1st quarter. Portside Wealth Group LLC now owns 7,152 shares of the company's stock worth $375,000 after purchasing an additional 219 shares during the last quarter. Finally, Parallel Advisors LLC raised its position in shares of nVent Electric by 15.6% in the 1st quarter. Parallel Advisors LLC now owns 1,702 shares of the company's stock worth $89,000 after purchasing an additional 230 shares during the last quarter. Hedge funds and other institutional investors own 90.05% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on NVT shares. Citigroup lifted their price target on nVent Electric from $69.00 to $86.00 and gave the stock a "buy" rating in a research report on Monday, July 14th. Wall Street Zen raised nVent Electric from a "hold" rating to a "buy" rating in a research report on Saturday, July 12th. Royal Bank Of Canada reaffirmed an "outperform" rating and issued a $102.00 price target (up previously from $85.00) on shares of nVent Electric in a research report on Monday, August 4th. KeyCorp boosted their target price on nVent Electric from $78.00 to $84.00 and gave the stock an "overweight" rating in a research report on Tuesday, July 15th. Finally, The Goldman Sachs Group boosted their target price on nVent Electric from $78.00 to $87.00 and gave the stock a "buy" rating in a research report on Monday, July 7th. 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 presently has a consensus rating of "Buy" and a consensus price target of $87.00.

Insider Buying and Selling at nVent Electric

In other nVent Electric news, CAO Randolph A. Wacker sold 3,000 shares of the business's stock in a transaction dated Thursday, August 7th. The stock was sold at an average price of $89.09, for a total transaction of $267,270.00. Following the completion of the sale, the chief accounting officer directly owned 27,525 shares in the company, valued at $2,452,202.25. The trade was a 9.83% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Sara E. Zawoyski sold 22,109 shares of the business's 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 owned 66,640 shares of the company's stock, valued at approximately $5,966,945.60. This represents a 24.91% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 261,111 shares of company stock worth $23,367,520. 1.80% of the stock is owned by corporate insiders.

nVent Electric Stock Performance

Shares of nVent Electric stock traded up $1.9870 during trading hours on Friday, reaching $90.0070. 1,701,247 shares of the stock traded hands, compared to its average volume of 2,358,664. The company has a 50 day moving average price of $79.20 and a 200 day moving average price of $66.26. The firm has a market capitalization of $14.49 billion, a price-to-earnings ratio of 25.64, a P/E/G ratio of 1.45 and a beta of 1.35. nVent Electric PLC has a one year low of $41.71 and a one year high of $92.75. The company has a quick ratio of 1.20, a current ratio of 1.67 and a debt-to-equity ratio of 0.50.

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

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.