Thematics Asset Management Has $36.72 Million Stake in nVent Electric PLC $NVT

Key Points

• Thematics Asset Management reduced its stake in nVent Electric PLC by 1.2% in Q1, now holding 700,397 shares valued at approximately $36.7 million.
• Several institutional investors increased their positions in nVent Electric, with XTX Topco Ltd leading with a 192.2% increase in their holdings during the same period.
• Analysts have given nVent Electric a consensus rating of "Buy," with price targets raised by multiple firms, including a boost from Citigroup to $86.00.

Thematics Asset Management cut its position in nVent Electric PLC (NYSE:NVT - Free Report) by 1.2% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 700,397 shares of the company's stock after selling 8,277 shares during the quarter. nVent Electric comprises 1.9% of Thematics Asset Management's investment portfolio, making the stock its 10th biggest position. Thematics Asset Management owned about 0.43% of nVent Electric worth $36,715,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. Nuveen LLC bought a new position in shares of nVent Electric in the first quarter worth $229,615,000. Clean Energy Transition LLP grew its position in nVent Electric by 6.8% during the first 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 nVent Electric by 743.7% in the 4th quarter. Millennium Management LLC now owns 2,215,624 shares of the company's stock worth $151,017,000 after acquiring an additional 1,953,026 shares during the last quarter. Fiduciary Management Inc. WI increased 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 worth $111,142,000 after acquiring an additional 585,449 shares during the last quarter. Finally, Dimensional Fund Advisors LP raised its holdings in shares of nVent Electric by 25.0% in the 1st quarter. Dimensional Fund Advisors LP now owns 2,115,452 shares of the company's stock valued at $110,885,000 after acquiring an additional 422,640 shares in the last quarter. 90.05% of the stock is owned by institutional investors.

nVent Electric Trading Up 1.6%

Shares of NYSE:NVT traded up $1.46 during trading on Thursday, reaching $92.57. 1,468,642 shares of the company traded hands, compared to its average volume of 2,167,200. The company has a current ratio of 1.67, a quick ratio of 1.20 and a debt-to-equity ratio of 0.50. nVent Electric PLC has a 52-week low of $41.71 and a 52-week high of $92.95. The firm has a market capitalization of $14.90 billion, a price-to-earnings ratio of 26.37, a P/E/G ratio of 1.47 and a beta of 1.35. The business's fifty day moving average is $80.41 and its 200-day moving average is $66.76.

nVent Electric (NYSE:NVT - Get Free Report) last issued its earnings results on Friday, August 1st. The company reported $0.86 EPS for the quarter, topping the consensus estimate of $0.79 by $0.07. The company 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 firm's revenue for the quarter was up 30.1% on a year-over-year basis. During the same period in the previous 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, analysts forecast that nVent Electric PLC will post 3.04 EPS for the current year.

Analyst Ratings Changes

Several research firms recently weighed in on NVT. Royal Bank Of Canada restated an "outperform" rating and issued a $102.00 price objective (up from $85.00) on shares of nVent Electric in a research report on Monday, August 4th. Citigroup increased their price target on shares of nVent Electric from $69.00 to $86.00 and gave the stock a "buy" rating in a report on Monday, July 14th. Roth Capital restated a "buy" rating and set a $100.00 price objective (up previously from $89.00) on shares of nVent Electric in a research report on Monday, August 4th. Barclays reaffirmed an "overweight" rating on shares of nVent Electric in a report on Monday, August 4th. Finally, The Goldman Sachs Group increased their target price on nVent Electric from $78.00 to $87.00 and gave the company a "buy" rating in a research note on Monday, July 7th. One investment analyst has rated the stock with a Strong Buy rating and seven have assigned a Buy rating to the stock. According to data from MarketBeat.com, nVent Electric has an average rating of "Buy" and an average price target of $87.00.

Insider Activity

In other nVent Electric news, EVP Aravind Padmanabhan sold 24,534 shares of the company's stock in a transaction that occurred on Tuesday, August 12th. The stock was sold at an average price of $90.00, for a total transaction of $2,208,060.00. Following the completion of the transaction, the executive vice president owned 12,063 shares of the company's stock, valued at $1,085,670. This represents a 67.04% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Herbert K. Parker sold 20,597 shares of the stock in a transaction that occurred on Monday, August 4th. The stock was sold at an average price of $89.88, for a total value of $1,851,258.36. Following the completion of the sale, the director owned 15,070 shares of the company's stock, valued at approximately $1,354,491.60. This trade represents a 57.75% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 261,111 shares of company stock valued at $23,367,520. 1.80% of the stock is owned by corporate insiders.

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.