The Manufacturers Life Insurance Company Has $21.99 Million Stock Position in nVent Electric PLC $NVT

Key Points

• The Manufacturers Life Insurance Company reduced its nVent Electric stake by 4.6% in the second quarter, retaining 129,666 shares valued at approximately $21.99 million. Institutional investors collectively own 90.05% of the company.
• nVent Electric reported stronger-than-expected quarterly results, with EPS of $1.45 versus estimates of $1.16 and revenue of $1.47 billion, up 52.8% year over year. The company also authorized a $500 million share buyback program.
• Analysts remain bullish, with the stock carrying a consensus “Buy” rating and an average price target of $199.86, above its reported opening price of $162.61. However, insiders sold 74,644 shares worth about $12.28 million over the past three months.

The Manufacturers Life Insurance Company lowered its holdings in shares of nVent Electric PLC (NYSE:NVT - Free Report) by 4.6% in the second quarter, according to its most recent disclosure with the SEC. The firm owned 129,666 shares of the company's stock after selling 6,193 shares during the period. The Manufacturers Life Insurance Company owned 0.08% of nVent Electric worth $21,991,000 as of its most recent filing with the SEC.

Other institutional investors have also recently bought and sold shares of the company. AQR Capital Management LLC boosted its stake in shares of nVent Electric by 33.1% during the 1st quarter. AQR Capital Management LLC now owns 94,968 shares of the company's stock worth $4,841,000 after acquiring an additional 23,606 shares during the period. Jones Financial Companies Lllp increased its holdings in shares of nVent Electric by 575.6% during the 1st quarter. Jones Financial Companies Lllp now owns 8,803 shares of the company's stock worth $461,000 after acquiring an additional 7,500 shares during the last quarter. Geneos Wealth Management Inc. raised its stake in nVent Electric by 436.0% in the 1st quarter. Geneos Wealth Management Inc. now owns 1,072 shares of the company's stock valued at $56,000 after acquiring an additional 872 shares during the period. Marshall Wace LLP raised its stake in nVent Electric by 31.8% in the 2nd quarter. Marshall Wace LLP now owns 41,061 shares of the company's stock valued at $3,008,000 after acquiring an additional 9,898 shares during the period. Finally, Cresset Asset Management LLC lifted its holdings in nVent Electric by 57.7% during the 2nd quarter. Cresset Asset Management LLC now owns 8,136 shares of the company's stock valued at $596,000 after purchasing an additional 2,977 shares during the last quarter. Institutional investors and hedge funds own 90.05% of the company's stock.

Insider Buying and Selling

In other nVent Electric news, insider Der Kolk Robert J. Van sold 5,858 shares of the stock in a transaction that occurred on Monday, August 10th. The shares were sold at an average price of $164.32, for a total transaction of $962,586.56. Following the transaction, the insider owned 27,387 shares in the company, valued at $4,500,231.84. This represents a 17.62% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Beth Wozniak sold 46,261 shares of the firm's stock in a transaction that occurred on Wednesday, August 5th. The stock was sold at an average price of $164.42, for a total transaction of $7,606,233.62. Following the transaction, the chief executive officer directly owned 55,612 shares in the company, valued at $9,143,725.04. This represents a 45.41% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last three months, insiders have sold 74,644 shares of company stock valued at $12,276,886. 1.70% of the stock is owned by company insiders.

nVent Electric Stock Performance

Shares of NYSE NVT opened at $162.61 on Friday. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.80 and a quick ratio of 1.33. The firm has a market cap of $26.32 billion, a price-to-earnings ratio of 44.43, a P/E/G ratio of 1.36 and a beta of 1.36. The stock's fifty day moving average price is $157.06 and its two-hundred day moving average price is $148.65. nVent Electric PLC has a one year low of $93.22 and a one year high of $184.64.

nVent Electric (NYSE:NVT - Get Free Report) last posted its earnings results on Friday, July 31st. The company reported $1.45 earnings per share for the quarter, topping analysts' consensus estimates of $1.16 by $0.29. The company had revenue of $1.47 billion during the quarter, compared to the consensus estimate of $1.26 billion. nVent Electric had a return on equity of 18.85% and a net margin of 12.38%.The company's revenue was up 52.8% on a year-over-year basis. During the same quarter last year, the firm earned $0.86 earnings per share. nVent Electric has set its Q3 2026 guidance at 1.350-1.380 EPS and its FY 2026 guidance at 5.000-5.100 EPS. On average, equities analysts forecast that nVent Electric PLC will post 5.13 EPS for the current year.

nVent Electric announced that its Board of Directors has initiated a share buyback program on Saturday, May 16th that authorizes the company to buyback $500.00 million in outstanding shares. This buyback authorization authorizes the company to reacquire up to 1.8% of its shares through open market purchases. Shares buyback programs are usually a sign that the company's board of directors believes its stock is undervalued.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on NVT shares. Roth Capital reaffirmed a "buy" rating and set a $210.00 price objective (up from $195.00) on shares of nVent Electric in a research report on Tuesday, August 25th. Sanford C. Bernstein set a $220.00 target price on shares of nVent Electric in a research note on Thursday, July 9th. Clear Str raised shares of nVent Electric to a "strong-buy" rating in a report on Monday, July 13th. Robert W. Baird upped their price target on shares of nVent Electric from $188.00 to $200.00 and gave the company an "outperform" rating in a research note on Monday, August 3rd. Finally, Citigroup raised their price objective on shares of nVent Electric from $203.00 to $215.00 and gave the stock a "buy" rating in a research report on Monday, August 3rd. Three research analysts have rated the stock with a Strong Buy rating and fourteen have assigned a Buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of "Buy" and an average target price of $199.86.

nVent Electric Profile

nVent Electric plc NYSE: NVT is a global provider of electrical connection and protection solutions. The company designs and manufactures products that help protect electrical and electronic systems, manage heat, and support the installation and operation of electrical infrastructure across industrial, commercial, residential, data center, energy and infrastructure applications.

Its product portfolio includes electrical and electronic enclosures, thermal-management systems, cable-management products, grounding and bonding equipment, electrical connections, fastening systems and other installation solutions.

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