Baird Financial Group Inc. Cuts Stock Holdings in nVent Electric PLC $NVT

Baird Financial Group Inc. lessened its stake in nVent Electric PLC (NYSE:NVT) by 10.1% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 14,517 shares of the company’s stock after selling 1,639 shares during the quarter. Baird Financial Group Inc.’s holdings in nVent Electric were worth $761,000 at the end of the most recent quarter.

Several other institutional investors also recently made changes to their positions in NVT. Nuveen LLC purchased a new position in shares of nVent Electric in the 1st quarter worth $229,615,000. Millennium Management LLC raised its holdings in shares of nVent Electric by 743.7% in the 4th quarter. Millennium Management LLC now owns 2,215,624 shares of the company’s stock worth $151,017,000 after purchasing an additional 1,953,026 shares during the period. American Century Companies Inc. lifted its stake in shares of nVent Electric by 1,869.8% in the 1st quarter. American Century Companies Inc. now owns 1,462,840 shares of the company’s stock valued at $76,682,000 after purchasing an additional 1,388,578 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its holdings in shares of nVent Electric by 145.8% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,466,560 shares of the company’s stock worth $99,961,000 after purchasing an additional 869,906 shares during the period. Finally, Fiduciary Management Inc. WI grew its holdings in shares of nVent Electric by 38.1% during the 1st quarter. Fiduciary Management Inc. WI now owns 2,120,222 shares of the company’s stock worth $111,142,000 after purchasing an additional 585,449 shares during the period. 90.05% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

NVT has been the topic of a number of recent research reports. The Goldman Sachs Group lifted their price target on shares of nVent Electric from $78.00 to $87.00 and gave the company a “buy” rating in a research report on Monday, July 7th. Roth Capital reissued a “buy” rating and issued a $100.00 target price (up previously from $89.00) on shares of nVent Electric in a research note on Monday, August 4th. KeyCorp lifted their target price on shares of nVent Electric from $78.00 to $84.00 and gave the company an “overweight” rating in a report on Tuesday, July 15th. Royal Bank Of Canada reiterated an “outperform” rating and issued a $102.00 price target (up from $85.00) on shares of nVent Electric in a report on Monday, August 4th. Finally, Barclays reissued an “overweight” rating on shares of nVent Electric in a research report on Monday, August 4th. One 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, nVent Electric has an average rating of “Buy” and a consensus target price of $87.00.

Insider Transactions at nVent Electric

In related news, CAO Randolph A. Wacker sold 3,000 shares of the business’s stock in a transaction dated Thursday, August 7th. The stock was 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 $2,452,202.25. The trade was a 9.83% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider Sara E. Zawoyski sold 22,109 shares of the company’s stock in a transaction that occurred on Tuesday, August 5th. The shares were sold at an average price of $89.54, for a total value of $1,979,639.86. Following the sale, the insider directly owned 66,640 shares in the company, valued at approximately $5,966,945.60. This represents a 24.91% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 261,111 shares of company stock valued at $23,367,520 over the last ninety days. 2.50% of the stock is currently owned by corporate insiders.

nVent Electric Trading Down 1.3%

NYSE:NVT opened at $91.42 on Wednesday. The stock has a market cap of $14.71 billion, a price-to-earnings ratio of 26.05, a price-to-earnings-growth ratio of 1.44 and a beta of 1.38. nVent Electric PLC has a one year low of $41.71 and a one year high of $93.32. The company has a debt-to-equity ratio of 0.50, a quick ratio of 1.20 and a current ratio of 1.67. The business’s 50-day simple moving average is $83.85 and its 200 day simple moving average is $68.25.

nVent Electric (NYSE:NVT) last issued its quarterly earnings data 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 return on equity of 13.36% and a net margin of 17.72%.The firm had revenue of $963.10 million during the quarter, compared to analyst estimates of $906.96 million. During the same quarter last year, the firm 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, sell-side analysts predict that nVent Electric PLC will post 3.04 earnings per share for the current fiscal 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.