Swedbank AB Sells 876,982 Shares of nVent Electric PLC $NVT

Key Points

• Swedbank AB has reduced its holdings in nVent Electric PLC by 55.7%, selling 876,982 shares and now owns approximately 0.42% of the company, valuing $36.6 million.
• Analysts have given nVent Electric an average rating of “Buy” with a revised price target of $87.00, reflecting increased optimism in the company's performance.
• nVent Electric reported a 30.1% increase in revenue year-over-year for the last quarter, with earnings per share of $0.86, surpassing expectations.

Swedbank AB lessened its holdings in nVent Electric PLC (NYSE:NVT - Free Report) by 55.7% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 698,063 shares of the company's stock after selling 876,982 shares during the quarter. Swedbank AB owned approximately 0.42% of nVent Electric worth $36,592,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in the business. First Hawaiian Bank raised its holdings in nVent Electric by 4.5% in the 1st quarter. First Hawaiian Bank now owns 37,388 shares of the company's stock valued at $1,960,000 after buying an additional 1,618 shares during the last quarter. Strs Ohio bought a new position in nVent Electric during the 1st quarter worth approximately $5,294,000. Geneos Wealth Management Inc. raised its holdings in nVent Electric by 436.0% during the 1st quarter. Geneos Wealth Management Inc. now owns 1,072 shares of the company's stock worth $56,000 after purchasing an additional 872 shares during the last quarter. Intech Investment Management LLC raised its holdings in nVent Electric by 36.3% during the 1st quarter. Intech Investment Management LLC now owns 117,705 shares of the company's stock worth $6,170,000 after purchasing an additional 31,355 shares during the last quarter. Finally, Focus Partners Wealth raised its holdings in nVent Electric by 2.7% during the 1st quarter. Focus Partners Wealth now owns 122,969 shares of the company's stock worth $6,446,000 after purchasing an additional 3,212 shares during the last quarter. Institutional investors own 90.05% of the company's stock.

Insider Activity

In other 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 transaction of $1,979,639.86. Following the sale, the insider directly owned 66,640 shares in the company, valued at $5,966,945.60. This represents a 24.91% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Also, EVP Lynnette R. Heath sold 17,853 shares of the company's stock in a transaction that occurred on Tuesday, August 5th. The stock was sold at an average price of $89.33, for a total transaction of $1,594,808.49. Following the completion of the transaction, the executive vice president owned 30,512 shares in the company, valued at approximately $2,725,636.96. This trade represents a 36.91% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 261,111 shares of company stock valued at $23,367,520. 1.80% of the stock is currently owned by insiders.

nVent Electric Stock Performance

NYSE NVT traded up $2.11 during trading on Thursday, hitting $98.57. 432,205 shares of the company's stock traded hands, compared to its average volume of 2,117,213. The stock has a market capitalization of $15.86 billion, a price-to-earnings ratio of 28.11, a PEG ratio of 1.50 and a beta of 1.39. nVent Electric PLC has a 12-month low of $41.71 and a 12-month high of $99.45. 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 business has a 50 day moving average of $86.44 and a 200-day moving average of $69.66.

nVent Electric (NYSE:NVT - Get Free Report) last released its quarterly earnings data on Friday, August 1st. The company reported $0.86 EPS for the quarter, beating the consensus estimate of $0.79 by $0.07. The business had revenue of $963.10 million for the quarter, compared to the consensus estimate of $906.96 million. nVent Electric had a net margin of 17.72% and a return on equity of 13.36%. The company's revenue was up 30.1% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.82 earnings per share. 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 anticipate that nVent Electric PLC will post 3.04 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

NVT has been the subject of several analyst reports. Barclays restated an "overweight" rating on shares of nVent Electric in a report on Monday, August 4th. Wall Street Zen upgraded shares of nVent Electric from a "hold" rating to a "buy" rating in a research note on Saturday, July 12th. Roth Capital reiterated a "buy" rating and issued a $100.00 price objective (up previously from $89.00) on shares of nVent Electric in a research note on Monday, August 4th. KeyCorp boosted 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. Finally, The Goldman Sachs Group lifted their price objective on shares of nVent Electric from $99.00 to $111.00 and gave the stock a "buy" rating in a report on Tuesday. One research 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.com, the company has an average rating of "Buy" and an average target price of $90.43.

nVent Electric 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.