nVent Electric PLC $NVT Shares Sold by Amundi

Amundi decreased its position in shares of nVent Electric PLC (NYSE:NVT) by 4.0% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 130,220 shares of the company’s stock after selling 5,451 shares during the quarter. Amundi owned 0.08% of nVent Electric worth $6,292,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of the stock. Alliance Wealth Advisors LLC UT lifted its holdings in nVent Electric by 1.1% in the first quarter. Alliance Wealth Advisors LLC UT now owns 14,192 shares of the company’s stock valued at $744,000 after acquiring an additional 159 shares during the period. Davis R M Inc. grew its holdings in 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 lifted 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 purchasing an additional 219 shares during the last quarter. Parallel Advisors LLC lifted 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 purchasing an additional 230 shares during the last quarter. Finally, TIAA Trust National Association boosted its holdings in nVent Electric by 6.3% during the 1st quarter. TIAA Trust National Association now owns 4,187 shares of the company’s stock valued at $219,000 after acquiring an additional 247 shares during the period. 90.05% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other nVent Electric 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 value of $1,979,639.86. Following the completion of the sale, the insider directly owned 66,640 shares in the company, valued at $5,966,945.60. This represents a 24.91% 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 Jon D. Lammers sold 119,694 shares of the stock in a transaction on Monday, August 4th. The shares were sold at an average price of $89.48, for a total value of $10,710,219.12. Following the sale, the executive vice president owned 70,817 shares of the company’s stock, valued at $6,336,705.16. This trade represents a 62.83% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 261,111 shares of company stock worth $23,367,520. 1.80% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on NVT. Citigroup raised their target price on nVent Electric from $69.00 to $86.00 and gave the company a “buy” rating in a report on Monday, July 14th. Barclays restated an “overweight” rating on shares of nVent Electric in a research note on Monday, August 4th. Wall Street Zen upgraded nVent Electric from a “hold” rating to a “buy” rating in a research note on Saturday, July 12th. Roth Capital reiterated a “buy” rating and issued a $100.00 target price (up from $89.00) on shares of nVent Electric in a research note on Monday, August 4th. Finally, The Goldman Sachs Group raised their price target on nVent Electric from $78.00 to $87.00 and gave the company a “buy” rating in a report on Monday, July 7th. One research analyst has rated the stock with a Strong Buy rating and seven have assigned a Buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Buy” and a consensus price target of $87.00.

nVent Electric Trading Up 3.9%

Shares of NYSE NVT opened at $94.98 on Thursday. The stock has a market capitalization of $15.29 billion, a P/E ratio of 27.06, a PEG ratio of 1.42 and a beta of 1.39. The stock’s 50 day moving average price is $84.28 and its two-hundred day moving average price is $68.43. nVent Electric PLC has a 52-week low of $41.71 and a 52-week high of $96.62. 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) last posted 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. The company had revenue of $963.10 million during the quarter, compared to analyst estimates of $906.96 million. nVent Electric had a return on equity of 13.36% and a net margin of 17.72%.The business’s revenue was up 30.1% compared to the same quarter last year. During the same period in the prior year, the company 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. On average, analysts anticipate that nVent Electric PLC will post 3.04 earnings per share for the current fiscal year.

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.