Strs Ohio Buys New Holdings in nVent Electric PLC $NVT

Key Points

• Strs Ohio recently acquired 101,000 shares of nVent Electric PLC, valued at approximately $5.3 million, marking a new investment during the 1st quarter of this year.
• Insider trading activity included the sale of 22,109 shares by Sara E. Zawoyski, which reduced her holdings by nearly 25%, with total sales by insiders amounting to $23.4 million over the last three months.
• nVent Electric reported robust quarterly results, with earnings per share of $0.86, exceeding analysts' estimates, and a revenue increase of 30.1% year-over-year, spurring multiple analyst upgrades and a consensus buy rating.

Strs Ohio bought a new stake in shares of nVent Electric PLC (NYSE:NVT - Free Report) in the 1st quarter, according to its most recent filing with the SEC. The institutional investor bought 101,000 shares of the company's stock, valued at approximately $5,294,000. Strs Ohio owned about 0.06% of nVent Electric at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in NVT. SVB Wealth LLC acquired a new stake in nVent Electric in the first quarter worth $25,000. Capital A Wealth Management LLC purchased a new stake in shares of nVent Electric during the 4th quarter worth about $27,000. Whipplewood Advisors LLC raised its stake in shares of nVent Electric by 467.3% in the 1st quarter. Whipplewood Advisors LLC now owns 607 shares of the company's stock valued at $32,000 after acquiring an additional 500 shares in the last quarter. Hughes Financial Services LLC acquired a new stake in nVent Electric in the 1st quarter valued at approximately $36,000. Finally, Park Square Financial Group LLC acquired a new stake in shares of nVent Electric during the 4th quarter worth approximately $38,000. 90.05% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other nVent Electric news, insider Sara E. Zawoyski sold 22,109 shares of the company's stock in a transaction dated Tuesday, August 5th. The stock was 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 in the company, valued at approximately $5,966,945.60. The trade was a 24.91% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, EVP Jon D. Lammers sold 119,694 shares of the business's stock in a transaction dated Monday, August 4th. The shares were sold at an average price of $89.48, for a total value of $10,710,219.12. Following the completion of the transaction, the executive vice president directly owned 70,817 shares in the company, valued at $6,336,705.16. This represents a 62.83% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 261,111 shares of company stock worth $23,367,520. 1.80% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

Several analysts recently commented on NVT shares. The Goldman Sachs Group boosted their price target on nVent Electric from $99.00 to $111.00 and gave the company a "buy" rating in a research note on Tuesday. Roth Capital restated a "buy" rating and set a $100.00 target price (up previously from $89.00) on shares of nVent Electric in a research report on Monday, August 4th. KeyCorp upped their price objective on nVent Electric from $78.00 to $84.00 and gave the company an "overweight" rating in a report on Tuesday, July 15th. Citigroup boosted 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. Finally, 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. One analyst has rated the stock with a Strong Buy rating and seven have issued a Buy rating to the company. Based on data from MarketBeat.com, nVent Electric presently has a consensus rating of "Buy" and an average target price of $90.43.

nVent Electric Stock Performance

NYSE:NVT traded up $0.36 during mid-day trading on Friday, hitting $99.01. 3,830,151 shares of the stock were exchanged, compared to its average volume of 1,523,043. The firm's 50-day simple moving average is $87.40 and its 200 day simple moving average is $70.25. nVent Electric PLC has a fifty-two week low of $41.71 and a fifty-two week high of $99.44. 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 stock has a market capitalization of $15.94 billion, a price-to-earnings ratio of 28.21, a price-to-earnings-growth ratio of 1.54 and a beta of 1.39.

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

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.