Voya Investment Management LLC Sells 35,470 Shares of nVent Electric PLC $NVT

Key Points

• Voya Investment Management LLC reduced its holdings in nVent Electric PLC by 7.7%, now owning 424,562 shares valued at approximately $22.26 million.
• Insider sales totaled 261,111 shares of nVent Electric stock worth over $23.3 million within the last ninety days, indicating significant activity among executives.
• Analysts have a consensus 'Buy' rating on nVent Electric, with price targets being raised significantly, including Roth Capital's new target of $100 per share.

Voya Investment Management LLC lessened its holdings in nVent Electric PLC (NYSE:NVT - Free Report) by 7.7% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 424,562 shares of the company's stock after selling 35,470 shares during the quarter. Voya Investment Management LLC owned approximately 0.26% of nVent Electric worth $22,256,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in the business. Nuveen LLC bought a new position in nVent Electric during the 1st quarter worth approximately $229,615,000. American Century Companies Inc. raised its holdings in nVent Electric by 1,869.8% during the 1st quarter. American Century Companies Inc. now owns 1,462,840 shares of the company's stock worth $76,682,000 after purchasing an additional 1,388,578 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its holdings in nVent Electric by 145.8% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,466,560 shares of the company's stock worth $99,961,000 after purchasing an additional 869,906 shares during the last quarter. Fiduciary Management Inc. WI raised its holdings in nVent Electric by 38.1% during the 1st quarter. Fiduciary Management Inc. WI now owns 2,120,222 shares of the company's stock worth $111,142,000 after purchasing an additional 585,449 shares during the last quarter. Finally, Champlain Investment Partners LLC raised its holdings in nVent Electric by 40.1% during the 1st quarter. Champlain Investment Partners LLC now owns 1,783,105 shares of the company's stock worth $93,470,000 after purchasing an additional 510,535 shares during the last quarter. Institutional investors own 90.05% of the company's stock.

Insiders Place Their Bets

In related news, CAO Randolph A. Wacker sold 3,000 shares of nVent Electric stock in a transaction on Thursday, August 7th. The shares were sold at an average price of $89.09, for a total value of $267,270.00. Following the sale, the chief accounting officer owned 27,525 shares in the company, valued at $2,452,202.25. The trade was a 9.83% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Beth Wozniak sold 42,331 shares of nVent Electric stock in a transaction on Monday, August 18th. The shares were sold at an average price of $89.21, for a total transaction of $3,776,348.51. Following the completion of the sale, the chief executive officer owned 49,196 shares in the company, valued at approximately $4,388,775.16. This trade represents a 46.25% 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 valued at $23,367,520 over the last quarter. 1.80% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

NVT has been the subject of several analyst reports. KeyCorp raised their price target 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. Citigroup lifted their price target on shares of nVent Electric from $69.00 to $86.00 and gave the company a "buy" rating in a research report on Monday, July 14th. Roth Capital reaffirmed a "buy" rating and set a $100.00 price objective (up from $89.00) on shares of nVent Electric in a report on Monday, August 4th. Barclays reissued an "overweight" rating on shares of nVent Electric in a report on Monday, August 4th. Finally, The Goldman Sachs Group increased their price target on shares of nVent Electric from $99.00 to $111.00 and gave the stock a "buy" rating in a report on Tuesday. One investment analyst has rated the stock with a Strong Buy rating and seven have assigned a Buy rating to the company's stock. According to MarketBeat.com, the company currently has an average rating of "Buy" and an average price target of $90.43.

nVent Electric Trading Up 2.6%

Shares of NYSE NVT traded up $2.54 during mid-day trading on Thursday, hitting $99.00. The stock had a trading volume of 907,557 shares, compared to its average volume of 2,119,848. The company has a debt-to-equity ratio of 0.50, a quick ratio of 1.20 and a current ratio of 1.67. nVent Electric PLC has a 1 year low of $41.71 and a 1 year high of $99.45. The business has a 50 day moving average price of $86.44 and a two-hundred day moving average price of $69.66. The firm has a market cap of $15.93 billion, a P/E ratio of 28.21, a price-to-earnings-growth ratio of 1.50 and a beta of 1.39.

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. nVent Electric had a net margin of 17.72% and a return on equity of 13.36%. The company had revenue of $963.10 million for the quarter, compared to the consensus estimate of $906.96 million. During the same period in the previous year, the firm earned $0.82 earnings per share. The firm's revenue for the quarter 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, equities analysts anticipate that nVent Electric PLC will post 3.04 EPS for the current fiscal year.

nVent Electric Company Profile

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.