UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC Sells 213,726 Shares of nVent Electric PLC $NVT

Key Points

• UBS Asset Management reduced its stake in nVent Electric PLC by 14.6%, holding approximately 1.25 million shares valued at $65.67 million after the sale.
• nVent Electric reported quarterly earnings of $0.86 EPS, beating expectations of $0.79, with revenue of $963.10 million, a 30.1% increase year-over-year.
• Multiple brokerages increased their price targets for nVent Electric, with Goldman Sachs raising it from $78.00 to $87.00 and Roth Capital increasing their target to $100.00.

UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC cut its holdings in shares of nVent Electric PLC (NYSE:NVT - Free Report) by 14.6% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,252,834 shares of the company's stock after selling 213,726 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC owned 0.76% of nVent Electric worth $65,674,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently added to or reduced their stakes in the business. SVB Wealth LLC bought a new position in nVent Electric during the 1st quarter worth approximately $25,000. Capital A Wealth Management LLC bought a new position in nVent Electric during the 4th quarter worth approximately $27,000. Whipplewood Advisors LLC boosted its stake in nVent Electric by 467.3% during the 1st quarter. Whipplewood Advisors LLC now owns 607 shares of the company's stock worth $32,000 after acquiring an additional 500 shares during the last quarter. Hughes Financial Services LLC bought a new position in nVent Electric during the 1st quarter worth approximately $36,000. Finally, Park Square Financial Group LLC acquired a new stake in nVent Electric during the 4th quarter worth approximately $38,000. 90.05% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at nVent Electric

In other nVent Electric news, EVP Aravind Padmanabhan sold 24,534 shares of the company's stock in a transaction on Tuesday, August 12th. The shares were sold at an average price of $90.00, for a total value of $2,208,060.00. Following the transaction, the executive vice president directly owned 12,063 shares in the company, valued at $1,085,670. The trade was a 67.04% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, 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 transaction of $10,710,219.12. Following the completion of the transaction, the executive vice president owned 70,817 shares in the company, valued at approximately $6,336,705.16. This represents a 62.83% 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. Corporate insiders own 1.80% of the company's stock.

Wall Street Analyst Weigh In

NVT has been the topic of several research analyst reports. KeyCorp raised their target price on shares of nVent Electric from $78.00 to $84.00 and gave the stock an "overweight" rating in a report on Tuesday, July 15th. Roth Capital restated a "buy" rating and set a $100.00 target price (up from $89.00) on shares of nVent Electric in a report on Monday, August 4th. The Goldman Sachs Group raised their target price on shares of nVent Electric from $99.00 to $111.00 and gave the stock a "buy" rating in a report on Tuesday. Barclays restated an "overweight" rating on shares of nVent Electric in a report on Monday, August 4th. Finally, Wall Street Zen upgraded shares of nVent Electric from a "hold" rating to a "buy" rating in a report on Saturday, July 12th. 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 stock has an average rating of "Buy" and an average price target of $90.43.

nVent Electric Stock Up 0.4%

Shares of NYSE:NVT traded up $0.36 during midday trading on Friday, hitting $99.01. The stock had a trading volume of 3,830,151 shares, compared to its average volume of 1,523,043. nVent Electric PLC has a 12 month low of $41.71 and a 12 month high of $99.44. The company has a quick ratio of 1.20, a current ratio of 1.67 and a debt-to-equity ratio of 0.50. The business's 50-day simple moving average is $87.40 and its 200-day simple moving average is $70.25. The company has a market cap of $15.94 billion, a P/E ratio of 28.21, a PEG ratio of 1.54 and a beta of 1.39.

nVent Electric (NYSE:NVT - Get Free Report) last released its earnings results on Friday, August 1st. The company reported $0.86 earnings per share for the quarter, beating the consensus estimate of $0.79 by $0.07. nVent Electric had a net margin of 17.72% and a return on equity of 13.36%. The business had revenue of $963.10 million during the quarter, compared to analysts' expectations of $906.96 million. During the same period last year, the business earned $0.82 earnings per share. The firm's revenue was up 30.1% on a year-over-year basis. nVent Electric has set its Q3 2025 guidance at 0.860-0.880 EPS. FY 2025 guidance at 3.220-3.300 EPS. On average, sell-side analysts forecast that nVent Electric PLC will post 3.04 earnings per share 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.