Voya Investment Management LLC Trims Position in 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 lowered its position in shares of nVent Electric PLC (NYSE:NVT - Free Report) by 7.7% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 424,562 shares of the company's stock after selling 35,470 shares during the quarter. Voya Investment Management LLC owned 0.26% of nVent Electric worth $22,256,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. Capital A Wealth Management LLC purchased a new position in nVent Electric during the fourth quarter valued at approximately $27,000. SVB Wealth LLC bought a new position in nVent Electric during the first quarter valued at $25,000. Park Square Financial Group LLC bought a new position in nVent Electric during the fourth quarter valued at $38,000. Whipplewood Advisors LLC increased its position in nVent Electric by 467.3% during the first quarter. Whipplewood Advisors LLC now owns 607 shares of the company's stock valued at $32,000 after acquiring an additional 500 shares during the last quarter. Finally, Hughes Financial Services LLC bought a new position in shares of nVent Electric in the first quarter worth about $36,000. Hedge funds and other institutional investors own 90.05% of the company's stock.

Insider Activity

In other news, EVP Jon D. Lammers sold 119,694 shares of the company's stock in a transaction dated 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 transaction, the executive vice president owned 70,817 shares in the company, valued at $6,336,705.16. This represents a 62.83% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CEO Beth Wozniak sold 42,331 shares of the firm's stock in a transaction that occurred on Monday, August 18th. The stock was sold at an average price of $89.21, for a total transaction of $3,776,348.51. Following the transaction, the chief executive officer directly owned 49,196 shares of the company's stock, valued at $4,388,775.16. This represents a 46.25% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 261,111 shares of company stock valued at $23,367,520. 1.80% of the stock is owned by company insiders.

nVent Electric Stock Up 0.4%

Shares of NVT stock traded up $0.36 during mid-day trading on Friday, hitting $99.01. 3,830,151 shares of the stock traded hands, compared to its average volume of 1,523,043. nVent Electric PLC has a 52-week low of $41.71 and a 52-week high of $99.44. 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 stock has a market cap of $15.94 billion, a P/E ratio of 28.21, a P/E/G ratio of 1.54 and a beta of 1.39. The stock's fifty day moving average is $87.40 and its two-hundred day moving average is $70.25.

nVent Electric (NYSE:NVT - Get Free Report) last posted its quarterly earnings data on Friday, August 1st. The company reported $0.86 earnings per share (EPS) 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 firm had revenue of $963.10 million for the quarter, compared to the consensus estimate of $906.96 million. During the same quarter in the prior year, the company posted $0.82 earnings per share. The company's revenue for the quarter was up 30.1% compared to the same quarter last year. nVent Electric has set its Q3 2025 guidance at 0.860-0.880 EPS. FY 2025 guidance at 3.220-3.300 EPS. Equities analysts predict that nVent Electric PLC will post 3.04 EPS for the current year.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on NVT shares. Roth Capital restated a "buy" rating and issued a $100.00 price target (up from $89.00) on shares of nVent Electric in a report on Monday, August 4th. Barclays restated an "overweight" rating on shares of nVent Electric in a report on Monday, August 4th. Wall Street Zen raised shares of nVent Electric from a "hold" rating to a "buy" rating in a research note on Saturday, July 12th. Royal Bank Of Canada reaffirmed an "outperform" rating and issued a $102.00 price objective (up from $85.00) on shares of nVent Electric in a research note on Monday, August 4th. Finally, KeyCorp upped their price objective on shares of nVent Electric from $78.00 to $84.00 and gave the stock an "overweight" rating in a research note on Tuesday, July 15th. One equities research analyst has rated the stock with a Strong Buy rating and seven have given a Buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of "Buy" and a consensus target price of $90.43.

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.