nVent Electric PLC $NVT Stock Holdings Lifted by Zimmer Partners LP

Key Points

• Zimmer Partners LP increased its stake in nVent Electric PLC by 44.4%, owning approximately 325,000 shares valued at $17 million as of the latest SEC filing.
• Analysts have recently upgraded nVent Electric's stock rating, with Wall Street Zen moving it from a "hold" to a "buy" and Citigroup raising the price target from $69 to $86.
• nVent Electric reported a quarterly earnings per share (EPS) of $0.86, exceeding expectations of $0.79, along with a year-over-year revenue increase of 30.1% to $963.1 million.

Zimmer Partners LP raised its position in shares of nVent Electric PLC (NYSE:NVT - Free Report) by 44.4% during the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 325,000 shares of the company's stock after buying an additional 100,000 shares during the quarter. Zimmer Partners LP owned about 0.20% of nVent Electric worth $17,036,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. XTX Topco Ltd increased its stake in nVent Electric by 192.2% during the first quarter. XTX Topco Ltd now owns 12,284 shares of the company's stock valued at $644,000 after purchasing an additional 8,080 shares during the last quarter. Hsbc Holdings PLC lifted its holdings in 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 during the last quarter. Farther Finance Advisors LLC boosted its stake in nVent Electric by 381.0% in the first quarter. Farther Finance Advisors LLC now owns 1,996 shares of the company's stock valued at $106,000 after acquiring an additional 1,581 shares during the period. GAMMA Investing LLC grew its holdings in shares of nVent Electric by 74.3% during the first quarter. GAMMA Investing LLC now owns 3,476 shares of the company's stock valued at $182,000 after purchasing an additional 1,482 shares during the last quarter. Finally, Janney Montgomery Scott LLC grew its holdings in shares of nVent Electric by 6.2% during the first quarter. Janney Montgomery Scott LLC now owns 27,252 shares of the company's stock valued at $1,429,000 after purchasing an additional 1,591 shares during the last quarter. Institutional investors and hedge funds own 90.05% of the company's stock.

Insider Activity

In other nVent Electric news, CEO Beth Wozniak sold 42,331 shares of the company'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 value of $3,776,348.51. Following the completion of the sale, the chief executive officer directly owned 49,196 shares in the company, valued at $4,388,775.16. This represents a 46.25% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP Lynnette R. Heath sold 17,853 shares of nVent Electric stock in a transaction on Tuesday, August 5th. The shares were sold at an average price of $89.33, for a total value of $1,594,808.49. Following the transaction, the executive vice president owned 30,512 shares in the company, valued at approximately $2,725,636.96. This trade represents a 36.91% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 261,111 shares of company stock valued at $23,367,520 over the last 90 days. Corporate insiders own 2.50% of the company's stock.

nVent Electric Price Performance

NVT stock traded down $0.83 during trading on Friday, hitting $94.88. The company had a trading volume of 1,311,888 shares, compared to its average volume of 1,522,823. The firm has a market capitalization of $15.27 billion, a price-to-earnings ratio of 27.03, a P/E/G ratio of 1.48 and a beta of 1.38. The business has a 50 day moving average of $85.14 and a 200 day moving average of $69.03. nVent Electric PLC has a fifty-two week low of $41.71 and a fifty-two week high of $96.62. The company has a current ratio of 1.67, a quick ratio of 1.20 and a debt-to-equity ratio of 0.50.

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

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on the company. Roth Capital restated a "buy" rating and set a $100.00 price objective (up previously from $89.00) on shares of nVent Electric in a research report on Monday, August 4th. KeyCorp raised their target price on nVent Electric from $78.00 to $84.00 and gave the company an "overweight" rating in a research note on Tuesday, July 15th. Barclays restated an "overweight" rating on shares of nVent Electric in a research report on Monday, August 4th. Royal Bank Of Canada reiterated an "outperform" rating and issued a $102.00 price objective (up from $85.00) on shares of nVent Electric in a research report on Monday, August 4th. Finally, Wall Street Zen upgraded shares of nVent Electric from a "hold" rating to a "buy" rating in a research report on Saturday, July 12th. 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 data from MarketBeat, the stock presently has an average rating of "Buy" and a consensus price target of $87.00.

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.