nVent Electric (NYSE:NVT) Hits New 52-Week High - Here's What Happened

Key Points

• nVent Electric shares reached a new 52-week high of $96.62, closing at $94.98 with a trading volume of over 2.45 million shares on Thursday.
• Analysts have raised their price targets for nVent Electric, with projections now ranging from $87.00 to $102.00 following strong quarterly earnings, surpassing estimates.
• Insider selling has been notable, with executives reducing their holdings significantly; over 261,000 shares valued at approximately $23.4 million were sold in the last three months.

nVent Electric PLC (NYSE:NVT - Get Free Report)'s share price hit a new 52-week high on Thursday . The stock traded as high as $96.62 and last traded at $94.98, with a volume of 2456100 shares changing hands. The stock had previously closed at $91.44.

Analysts Set New Price Targets

Several analysts have recently weighed in on the company. The Goldman Sachs Group raised their target price on nVent Electric from $78.00 to $87.00 and gave the company a "buy" rating in a research note on Monday, July 7th. Wall Street Zen upgraded nVent Electric from a "hold" rating to a "buy" rating in a research note on Saturday, July 12th. Roth Capital restated a "buy" rating and set a $100.00 target price (up from $89.00) on shares of nVent Electric in a research note on Monday, August 4th. Barclays restated an "overweight" rating on shares of nVent Electric in a research note on Monday, August 4th. Finally, Royal Bank Of Canada restated an "outperform" rating and set a $102.00 target price (up from $85.00) 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 assigned a Buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of "Buy" and an average price target of $87.00.

nVent Electric Stock Up 3.9%

The firm has a market capitalization of $15.29 billion, a price-to-earnings ratio of 27.06, a P/E/G ratio of 1.42 and a beta of 1.39. The stock has a 50 day moving average of $84.28 and a 200 day moving average of $68.43. 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 posted 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. The business had revenue of $963.10 million during the quarter, compared to the consensus estimate of $906.96 million. nVent Electric had a return on equity of 13.36% and a net margin of 17.72%.The company's revenue for the quarter was up 30.1% compared to the same quarter last year. During the same period last year, the firm earned $0.82 earnings per share. 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, analysts expect that nVent Electric PLC will post 3.04 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, EVP Jon D. Lammers sold 119,694 shares of nVent Electric stock in a transaction dated 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 completion of the transaction, the executive vice president directly owned 70,817 shares in the company, valued at approximately $6,336,705.16. This trade represents a 62.83% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Sara E. Zawoyski sold 22,109 shares of nVent Electric stock in a transaction dated Tuesday, August 5th. The stock was sold at an average price of $89.54, for a total value of $1,979,639.86. Following the completion of the transaction, the insider owned 66,640 shares of the company's stock, valued at $5,966,945.60. This trade represents 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. 1.80% of the stock is owned by company insiders.

Hedge Funds Weigh In On nVent Electric

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Osaic Holdings Inc. boosted its stake in nVent Electric by 382.3% in the second quarter. Osaic Holdings Inc. now owns 111,702 shares of the company's stock valued at $8,182,000 after acquiring an additional 88,541 shares during the period. Orion Porfolio Solutions LLC boosted its stake in nVent Electric by 71.0% in the second quarter. Orion Porfolio Solutions LLC now owns 15,907 shares of the company's stock valued at $1,165,000 after acquiring an additional 6,606 shares during the period. Thrivent Financial for Lutherans boosted its stake in nVent Electric by 1.6% in the second quarter. Thrivent Financial for Lutherans now owns 346,274 shares of the company's stock valued at $25,364,000 after acquiring an additional 5,442 shares during the period. B. Riley Wealth Advisors Inc. acquired a new position in nVent Electric in the second quarter valued at approximately $241,000. Finally, Cape Investment Advisory Inc. boosted its stake in nVent Electric by 434.4% in the second quarter. Cape Investment Advisory Inc. now owns 4,275 shares of the company's stock valued at $313,000 after acquiring an additional 3,475 shares during the period. 90.05% of the stock is currently owned by institutional investors and hedge funds.

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.

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