UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC Has $65.67 Million Position in 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 lessened its position in nVent Electric PLC (NYSE:NVT - Free Report) by 14.6% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor 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 approximately 0.76% of nVent Electric worth $65,674,000 as of its most recent filing with the SEC.

Several other large investors have also recently bought and sold shares of the company. Zimmer Partners LP increased its stake in nVent Electric by 44.4% in the first quarter. Zimmer Partners LP now owns 325,000 shares of the company's stock valued at $17,036,000 after purchasing an additional 100,000 shares in the last quarter. Jones Financial Companies Lllp increased its position in shares of nVent Electric by 575.6% during the first 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 in the last quarter. Temasek Holdings Private Ltd increased its position in shares of nVent Electric by 177.2% during the first quarter. Temasek Holdings Private Ltd now owns 416,931 shares of the company's stock worth $21,856,000 after acquiring an additional 266,548 shares in the last quarter. Edmond DE Rothschild Holding S.A. increased its position in shares of nVent Electric by 15.0% during the first quarter. Edmond DE Rothschild Holding S.A. now owns 26,294 shares of the company's stock worth $1,378,000 after acquiring an additional 3,436 shares in the last quarter. Finally, Concentric Capital Strategies LP bought a new stake in shares of nVent Electric during the first quarter worth $1,311,000. Institutional investors own 90.05% of the company's stock.

nVent Electric Stock Performance

Shares of NVT stock opened at $94.88 on Monday. The stock has a market cap of $15.27 billion, a P/E ratio of 27.03, a P/E/G ratio of 1.48 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. The company has a fifty day moving average price of $85.14 and a two-hundred day moving average price of $69.03. nVent Electric PLC has a one year low of $41.71 and a one year high of $96.62.

nVent Electric (NYSE:NVT - Get Free Report) last announced its quarterly earnings results on Friday, August 1st. The company reported $0.86 EPS for the quarter, beating analysts' consensus estimates of $0.79 by $0.07. The firm had revenue of $963.10 million during the quarter, compared to analysts' expectations of $906.96 million. nVent Electric had a net margin of 17.72% and a return on equity of 13.36%. The company's revenue for the quarter was up 30.1% compared to the same quarter last year. During the same quarter last year, the company posted $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, equities analysts predict that nVent Electric PLC will post 3.04 EPS for the current year.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on NVT. The Goldman Sachs Group increased their price objective on shares of nVent Electric from $78.00 to $87.00 and gave the stock a "buy" rating in a research report on Monday, July 7th. Roth Capital reaffirmed a "buy" rating and issued a $100.00 target price (up previously from $89.00) on shares of nVent Electric in a research report on Monday, August 4th. Wall Street Zen raised shares of nVent Electric from a "hold" rating to a "buy" rating in a research report on Saturday, July 12th. Royal Bank Of Canada reaffirmed an "outperform" rating and issued a $102.00 target price (up previously from $85.00) on shares of nVent Electric in a research report on Monday, August 4th. Finally, Barclays reaffirmed an "overweight" rating on shares of nVent Electric in a research report on Monday, August 4th. One research analyst has rated the stock with a Strong Buy rating and seven have given a Buy rating to the company. According to MarketBeat.com, nVent Electric presently has a consensus rating of "Buy" and an average target price of $87.00.

Insider Activity at nVent Electric

In other news, EVP Aravind Padmanabhan sold 24,534 shares of the firm's stock in a transaction dated Tuesday, August 12th. The shares were sold at an average price of $90.00, for a total transaction of $2,208,060.00. Following the completion of the sale, the executive vice president owned 12,063 shares in the company, valued at approximately $1,085,670. This trade represents a 67.04% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, CAO Randolph A. Wacker sold 3,000 shares of the firm's stock in a transaction dated Thursday, August 7th. The stock was sold at an average price of $89.09, for a total transaction of $267,270.00. Following the sale, the chief accounting officer owned 27,525 shares of the company's stock, valued at approximately $2,452,202.25. This represents a 9.83% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 261,111 shares of company stock worth $23,367,520 in the last quarter. 2.50% 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.

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