nVent Electric PLC $NVT Shares Sold by Woodline Partners LP

Key Points

• Woodline Partners LP reduced its stake in nVent Electric PLC by 29.1%, selling 66,904 shares and now owning 162,705 shares valued at approximately $8.5 million.
• nVent Electric received multiple upgrades from analysts, with Citigroup raising its price target from $69 to $86 and Royal Bank of Canada increasing it to $102, indicating strong market support for the stock.
• In recent insider trading, EVP Jon D. Lammers sold 119,694 shares for over $10.7 million, representing a significant 62.83% decrease in his ownership of the stock.

Woodline Partners LP lessened its position in shares of nVent Electric PLC (NYSE:NVT - Free Report) by 29.1% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 162,705 shares of the company's stock after selling 66,904 shares during the quarter. Woodline Partners LP owned about 0.10% of nVent Electric worth $8,529,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in NVT. XTX Topco Ltd grew its stake in shares of nVent Electric by 192.2% in the first quarter. XTX Topco Ltd now owns 12,284 shares of the company's stock worth $644,000 after acquiring an additional 8,080 shares in the last quarter. Hsbc Holdings PLC grew its stake in shares of nVent Electric by 32.4% in the first quarter. Hsbc Holdings PLC now owns 50,670 shares of the company's stock worth $2,623,000 after acquiring an additional 12,386 shares in the last quarter. Farther Finance Advisors LLC grew its stake in shares of nVent Electric by 381.0% in the first quarter. Farther Finance Advisors LLC now owns 1,996 shares of the company's stock worth $106,000 after acquiring an additional 1,581 shares in the last quarter. GAMMA Investing LLC grew its stake in shares of nVent Electric by 74.3% in the first quarter. GAMMA Investing LLC now owns 3,476 shares of the company's stock worth $182,000 after acquiring an additional 1,482 shares in the last quarter. Finally, Janney Montgomery Scott LLC grew its stake in shares of nVent Electric by 6.2% in the first quarter. Janney Montgomery Scott LLC now owns 27,252 shares of the company's stock worth $1,429,000 after acquiring an additional 1,591 shares in the last quarter. Hedge funds and other institutional investors own 90.05% of the company's stock.

Insiders Place Their Bets

In other news, CAO Randolph A. Wacker sold 3,000 shares of the company's stock in a transaction dated Thursday, August 7th. The shares were sold at an average price of $89.09, for a total value of $267,270.00. Following the completion of the sale, the chief accounting officer directly owned 27,525 shares of the company's stock, valued at approximately $2,452,202.25. This represents a 9.83% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Sara E. Zawoyski sold 22,109 shares of the company's stock in a transaction dated Tuesday, August 5th. The shares were sold at an average price of $89.54, for a total transaction of $1,979,639.86. Following the completion of the sale, the insider directly owned 66,640 shares of the company's stock, valued at $5,966,945.60. The trade was a 24.91% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 261,111 shares of company stock valued at $23,367,520. 2.50% of the stock is owned by insiders.

nVent Electric Stock Performance

NVT traded up $0.18 on Wednesday, reaching $96.38. The company had a trading volume of 388,354 shares, compared to its average volume of 2,116,908. nVent Electric PLC has a 1 year low of $41.71 and a 1 year high of $97.52. The stock has a market capitalization of $15.51 billion, a PE ratio of 27.46, a P/E/G ratio of 1.50 and a beta of 1.39. 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 stock has a 50-day moving average price of $86.01 and a 200-day moving average price of $69.47.

nVent Electric (NYSE:NVT - Get Free Report) last announced its quarterly earnings results on Friday, August 1st. The company reported $0.86 earnings per share for the quarter, beating analysts' consensus estimates 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 during the quarter, compared to analysts' expectations of $906.96 million. During the same period in the previous year, the company earned $0.82 earnings per share. nVent Electric's quarterly revenue 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. As a group, research analysts forecast that nVent Electric PLC will post 3.04 EPS for the current fiscal year.

Wall Street Analyst Weigh In

NVT has been the subject of several research reports. Royal Bank Of Canada restated an "outperform" rating and issued a $102.00 price target (up previously from $85.00) on shares of nVent Electric in a research note on Monday, August 4th. KeyCorp boosted their target price 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. Wall Street Zen upgraded shares of nVent Electric from a "hold" rating to a "buy" rating in a research note on Saturday, July 12th. Barclays reiterated an "overweight" rating on shares of nVent Electric in a research note on Monday, August 4th. Finally, Roth Capital reiterated a "buy" rating and set a $100.00 target price (up previously from $89.00) on shares of nVent Electric in a research note on Monday, August 4th. One research analyst has rated the stock with a Strong Buy rating and seven have issued a Buy rating to the company. According to MarketBeat, the company presently has a consensus rating of "Buy" and a consensus price target 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.