Woodline Partners LP Sells 66,904 Shares of nVent Electric PLC $NVT

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 decreased its position in nVent Electric PLC (NYSE:NVT - Free Report) by 29.1% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor 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 as of its most recent filing with the SEC.

Several other large investors have also made changes to their positions in the company. Alliance Wealth Advisors LLC UT grew its stake in shares of nVent Electric by 1.1% in the 1st quarter. Alliance Wealth Advisors LLC UT now owns 14,192 shares of the company's stock valued at $744,000 after buying an additional 159 shares in the last quarter. Davis R M Inc. grew its stake in shares of nVent Electric by 4.0% in the 1st quarter. Davis R M Inc. now owns 5,200 shares of the company's stock valued at $273,000 after buying an additional 200 shares in the last quarter. Portside Wealth Group LLC grew its stake in shares of nVent Electric by 3.2% in the 1st quarter. Portside Wealth Group LLC now owns 7,152 shares of the company's stock valued at $375,000 after buying an additional 219 shares in the last quarter. Parallel Advisors LLC grew its stake in shares of nVent Electric by 15.6% in the 1st quarter. Parallel Advisors LLC now owns 1,702 shares of the company's stock valued at $89,000 after buying an additional 230 shares in the last quarter. Finally, TIAA Trust National Association grew its stake in shares of nVent Electric by 6.3% in the 1st quarter. TIAA Trust National Association now owns 4,187 shares of the company's stock valued at $219,000 after buying an additional 247 shares in the last quarter. Institutional investors own 90.05% of the company's stock.

Analyst Upgrades and Downgrades

NVT has been the subject of several recent research reports. Citigroup boosted their price target on nVent Electric from $69.00 to $86.00 and gave the company a "buy" rating in a research note on Monday, July 14th. KeyCorp upped their target price on nVent Electric from $78.00 to $84.00 and gave the stock an "overweight" rating in a research report on Tuesday, July 15th. The Goldman Sachs Group upped their target price on nVent Electric from $78.00 to $87.00 and gave the stock a "buy" rating in a research report on Monday, July 7th. Wall Street Zen raised nVent Electric from a "hold" rating to a "buy" rating in a research report on Saturday, July 12th. Finally, Royal Bank Of Canada reaffirmed an "outperform" rating and set a $102.00 target price (up previously from $85.00) on shares of nVent Electric in a research report on Monday, August 4th. One equities research analyst has rated the stock with a Strong Buy rating and seven have issued a Buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of "Buy" and a consensus target price of $87.00.

Insider Activity at nVent Electric

In other news, insider Sara E. Zawoyski sold 22,109 shares of the company's stock in a transaction that occurred on Tuesday, August 5th. The stock was sold at an average price of $89.54, for a total transaction of $1,979,639.86. Following the completion of the transaction, the insider directly owned 66,640 shares in the company, valued at $5,966,945.60. The trade was a 24.91% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Jon D. Lammers sold 119,694 shares of the company's stock in a transaction that occurred on Monday, August 4th. The stock was sold at an average price of $89.48, for a total value of $10,710,219.12. Following the transaction, the executive vice president owned 70,817 shares of the company's stock, valued at approximately $6,336,705.16. This trade represents a 62.83% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 261,111 shares of company stock valued at $23,367,520. 1.80% of the stock is owned by corporate insiders.

nVent Electric Stock Up 0.9%

Shares of NVT stock opened at $95.80 on Friday. nVent Electric PLC has a 12 month low of $41.71 and a 12 month high of $96.62. The firm has a market cap of $15.42 billion, a PE ratio of 27.29, a price-to-earnings-growth ratio of 1.48 and a beta of 1.39. The stock has a 50 day moving average of $84.72 and a 200-day moving average of $68.68. The company has a quick ratio of 1.20, a current ratio of 1.67 and a debt-to-equity ratio of 0.50.

nVent Electric (NYSE:NVT - Get Free Report) last issued its quarterly earnings results on Friday, August 1st. The company reported $0.86 EPS for the quarter, topping analysts' consensus estimates of $0.79 by $0.07. nVent Electric had a return on equity of 13.36% and a net margin of 17.72%.The company had revenue of $963.10 million during the quarter, compared to analyst estimates of $906.96 million. During the same period in the previous year, the company earned $0.82 earnings per share. The company'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. On average, equities analysts predict that nVent Electric PLC will post 3.04 EPS for the current year.

nVent Electric 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.

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