Teza Capital Management LLC Sells 18,987 Shares of nVent Electric PLC $NVT

Key Points

• Teza Capital Management LLC has significantly reduced its stake in nVent Electric PLC by 74.2%, selling 18,987 shares, leaving it with just 6,613 shares worth approximately $347,000.
• Insiders, including CEO Beth Wozniak, have sold a total of 261,111 shares worth over $23 million in the last 90 days, indicating a decrease in their ownership positions.
• nVent Electric reported a 30.1% year-over-year revenue increase for the last quarter, with earnings per share of $0.86, surpassing analysts' expectations.

Teza Capital Management LLC cut its stake in nVent Electric PLC (NYSE:NVT - Free Report) by 74.2% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 6,613 shares of the company's stock after selling 18,987 shares during the period. Teza Capital Management LLC's holdings in nVent Electric were worth $347,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of the business. Alliance Wealth Advisors LLC UT raised its holdings in shares of nVent Electric by 1.1% during the 1st quarter. Alliance Wealth Advisors LLC UT now owns 14,192 shares of the company's stock worth $744,000 after buying an additional 159 shares in the last quarter. Davis R M Inc. raised its holdings in shares of nVent Electric by 4.0% during the 1st quarter. Davis R M Inc. now owns 5,200 shares of the company's stock worth $273,000 after buying an additional 200 shares in the last quarter. Portside Wealth Group LLC raised its holdings in shares of nVent Electric by 3.2% during the 1st quarter. Portside Wealth Group LLC now owns 7,152 shares of the company's stock worth $375,000 after buying an additional 219 shares in the last quarter. Parallel Advisors LLC raised its holdings in shares of nVent Electric by 15.6% during the 1st quarter. Parallel Advisors LLC now owns 1,702 shares of the company's stock worth $89,000 after buying an additional 230 shares in the last quarter. Finally, TIAA Trust National Association raised its holdings in shares of nVent Electric by 6.3% during the 1st quarter. TIAA Trust National Association now owns 4,187 shares of the company's stock worth $219,000 after buying an additional 247 shares in the last quarter. Institutional investors and hedge funds own 90.05% of the company's stock.

Insider Transactions at nVent Electric

In other nVent Electric news, CEO Beth Wozniak sold 42,331 shares of the company's stock in a transaction dated Monday, August 18th. The stock was sold at an average price of $89.21, for a total value of $3,776,348.51. Following the sale, the chief executive officer owned 49,196 shares in the company, valued at approximately $4,388,775.16. The trade was a 46.25% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, CAO Randolph A. Wacker sold 3,000 shares of the company's stock in a transaction dated Thursday, August 7th. The shares were sold at an average price of $89.09, for a total value of $267,270.00. Following the completion of the sale, the chief accounting officer owned 27,525 shares in the company, valued at $2,452,202.25. This trade represents a 9.83% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 261,111 shares of company stock worth $23,367,520. 2.50% of the stock is currently owned by insiders.

Analyst Ratings Changes

A number of equities analysts have recently commented on the company. Barclays reissued an "overweight" rating on shares of nVent Electric in a report on Monday, August 4th. Wall Street Zen raised nVent Electric from a "hold" rating to a "buy" rating in a report on Saturday, July 12th. Roth Capital reissued a "buy" rating and set a $100.00 price target (up previously from $89.00) on shares of nVent Electric in a report on Monday, August 4th. Citigroup boosted their price target on nVent Electric from $69.00 to $86.00 and gave the stock a "buy" rating in a report on Monday, July 14th. Finally, The Goldman Sachs Group boosted their price target on nVent Electric from $78.00 to $87.00 and gave the stock a "buy" rating in a 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 company's stock. According to data from MarketBeat, the company currently has a consensus rating of "Buy" and an average price target of $87.00.

nVent Electric Price Performance

NVT stock traded down $0.83 during midday trading on Friday, reaching $94.88. 1,311,888 shares of the stock were exchanged, compared to its average volume of 1,522,823. The stock has a market capitalization of $15.27 billion, a PE ratio of 27.03, a P/E/G ratio of 1.48 and a beta of 1.38. nVent Electric PLC has a 52 week low of $41.71 and a 52 week high of $96.62. The company has a debt-to-equity ratio of 0.50, a current ratio of 1.67 and a quick ratio of 1.20. The company has a fifty day moving average price of $85.14 and a 200 day moving average price of $69.03.

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 return on equity of 13.36% and a net margin of 17.72%.The business had revenue of $963.10 million for the quarter, compared to analyst estimates of $906.96 million. During the same quarter in the previous year, the company posted $0.82 EPS. nVent Electric's quarterly revenue was up 30.1% compared to the same quarter last year. 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, analysts expect that nVent Electric PLC will post 3.04 EPS 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.