Royal Bank of Canada Has $29.74 Million Holdings in nVent Electric PLC $NVT

Royal Bank of Canada lifted its position in nVent Electric PLC (NYSE:NVT - Free Report) by 7.0% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 567,297 shares of the company's stock after acquiring an additional 37,233 shares during the period. Royal Bank of Canada owned about 0.34% of nVent Electric worth $29,737,000 as of its most recent SEC filing.

Several other institutional investors have also made changes to their positions in NVT. SVB Wealth LLC purchased a new position in shares of nVent Electric in the first quarter worth approximately $25,000. Capital A Wealth Management LLC purchased a new position in shares of nVent Electric in the fourth quarter worth approximately $27,000. Whipplewood Advisors LLC increased its position in shares of nVent Electric by 467.3% in the first quarter. Whipplewood Advisors LLC now owns 607 shares of the company's stock worth $32,000 after acquiring an additional 500 shares in the last quarter. Hughes Financial Services LLC purchased a new position in shares of nVent Electric in the first quarter worth approximately $36,000. Finally, Park Square Financial Group LLC purchased a new position in shares of nVent Electric in the fourth quarter worth approximately $38,000. 90.05% of the stock is owned by hedge funds and other institutional investors.

nVent Electric Stock Down 0.9%

NYSE NVT traded down $0.83 during trading on Friday, reaching $94.88. The company's stock had a trading volume of 1,311,888 shares, compared to its average volume of 1,527,646. 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 stock has a market capitalization of $15.27 billion, a PE ratio of 27.03, a PEG ratio of 1.49 and a beta of 1.39. The business has a 50-day moving average price of $85.14 and a 200-day moving average price of $68.91. nVent Electric PLC has a 1-year low of $41.71 and a 1-year high of $96.62.

nVent Electric (NYSE:NVT - Get Free Report) last issued its quarterly earnings data on Friday, August 1st. The company reported $0.86 earnings per share for the quarter, topping 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 during the quarter, compared to analysts' expectations of $906.96 million. During the same period in the previous year, the company earned $0.82 earnings per share. nVent Electric's revenue for the quarter 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. On average, research analysts forecast that nVent Electric PLC will post 3.04 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, EVP Aravind Padmanabhan sold 24,534 shares of the business's stock in a transaction on Tuesday, August 12th. The shares were sold at an average price of $90.00, for a total value of $2,208,060.00. Following the completion of the sale, the executive vice president directly owned 12,063 shares in the company, valued at approximately $1,085,670. The trade was a 67.04% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CAO Randolph A. Wacker sold 3,000 shares of the business's stock in a transaction on 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 owned 27,525 shares of the company's stock, valued at $2,452,202.25. The trade was a 9.83% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 261,111 shares of company stock valued at $23,367,520 in the last three months. Company insiders own 1.80% of the company's stock.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on NVT. Royal Bank Of Canada reaffirmed an "outperform" rating and set a $102.00 price objective (up from $85.00) on shares of nVent Electric in a research report on Monday, August 4th. KeyCorp boosted their price objective on shares of nVent Electric from $78.00 to $84.00 and gave the company an "overweight" rating in a research report on Tuesday, July 15th. Wall Street Zen raised shares of nVent Electric from a "hold" rating to a "buy" rating in a research report on Saturday, July 12th. Barclays reaffirmed an "overweight" rating on shares of nVent Electric in a research report on Monday, August 4th. Finally, Citigroup lifted their target price 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. One analyst has rated the stock with a Strong Buy rating and seven have issued a Buy rating to the company. According to MarketBeat.com, nVent Electric presently has a consensus rating of "Buy" and a consensus target price of $87.00.

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.