nVent Electric PLC $NVT Shares Purchased by Temasek Holdings Private Ltd

Key Points

• Temasek Holdings Private Ltd increased its holdings in nVent Electric PLC by 177.2%, acquiring an additional 266,548 shares, bringing its total ownership to approximately 416,931 shares valued at $21.86 million.
• nVent Electric reported $0.86 earnings per share for the last quarter, exceeding analysts’ expectations, with revenue of $963.10 million reflecting a 30.1% year-over-year increase.
• Multiple analysts have upgraded their ratings for nVent Electric, with Royal Bank of Canada setting a new target of $102.00, indicating strong confidence in the stock's future performance.

Temasek Holdings Private Ltd grew its stake in shares of nVent Electric PLC (NYSE:NVT - Free Report) by 177.2% during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 416,931 shares of the company's stock after acquiring an additional 266,548 shares during the period. Temasek Holdings Private Ltd owned 0.25% of nVent Electric worth $21,856,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of the company. Nuveen LLC acquired a new position in nVent Electric in the first quarter worth $229,615,000. Clean Energy Transition LLP lifted its position in nVent Electric by 6.8% during the 1st quarter. Clean Energy Transition LLP now owns 2,260,068 shares of the company's stock worth $118,473,000 after buying an additional 144,403 shares in the last quarter. Millennium Management LLC increased its stake in shares of nVent Electric by 743.7% during the 4th quarter. Millennium Management LLC now owns 2,215,624 shares of the company's stock worth $151,017,000 after purchasing an additional 1,953,026 shares during the last quarter. Fiduciary Management Inc. WI grew its stake in nVent Electric by 38.1% in the 1st quarter. Fiduciary Management Inc. WI now owns 2,120,222 shares of the company's stock valued at $111,142,000 after buying an additional 585,449 shares during the last quarter. Finally, Dimensional Fund Advisors LP grew its position in shares of 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 purchasing an additional 422,640 shares in the last quarter. 90.05% of the stock is currently owned by institutional investors.

nVent Electric Trading Up 3.9%

Shares of NYSE:NVT traded up $3.54 on Wednesday, hitting $94.98. 2,456,100 shares of the company's stock were exchanged, compared to its average volume of 2,141,914. The stock has a market capitalization of $15.29 billion, a price-to-earnings ratio of 27.06, a price-to-earnings-growth ratio of 1.44 and a beta of 1.38. The company has a debt-to-equity ratio of 0.50, a current ratio of 1.67 and a quick ratio of 1.20. nVent Electric PLC has a 12 month low of $41.71 and a 12 month high of $96.62. The business's 50 day simple moving average is $84.28 and its two-hundred day simple moving average is $68.43.

nVent Electric (NYSE:NVT - Get Free Report) last issued its quarterly earnings results on Friday, August 1st. The company reported $0.86 earnings per share for the quarter, topping the consensus estimate 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 company's quarterly revenue was up 30.1% on a year-over-year basis. During the same quarter last year, the company 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. Analysts anticipate that nVent Electric PLC will post 3.04 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, EVP Jon D. Lammers sold 119,694 shares of the company's stock in a transaction on 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 sale, the executive vice president owned 70,817 shares in the company, valued at $6,336,705.16. This represents a 62.83% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Sara E. Zawoyski sold 22,109 shares of the firm's stock in a transaction that occurred on 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 completion of the sale, the insider directly owned 66,640 shares of the company's stock, valued at $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 have sold 261,111 shares of company stock worth $23,367,520. Corporate insiders own 2.50% of the company's stock.

Analysts Set New Price Targets

Several brokerages have issued reports on NVT. Roth Capital restated a "buy" rating and issued a $100.00 price target (up from $89.00) on shares of nVent Electric in a research report on Monday, August 4th. The Goldman Sachs Group raised their price objective on shares of nVent Electric from $78.00 to $87.00 and gave the stock a "buy" rating in a report on Monday, July 7th. Wall Street Zen upgraded shares of nVent Electric from a "hold" rating to a "buy" rating in a research report on Saturday, July 12th. Citigroup lifted their price target on shares of nVent Electric from $69.00 to $86.00 and gave the stock a "buy" rating in a research note on Monday, July 14th. Finally, Royal Bank Of Canada reaffirmed an "outperform" rating and issued a $102.00 target price (up from $85.00) on shares of nVent Electric in a research note 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's stock. According to MarketBeat, the company has an average rating of "Buy" and an average price target of $87.00.

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.