Strs Ohio Makes New Investment in nVent Electric PLC $NVT

Strs Ohio acquired a new position in shares of nVent Electric PLC (NYSE:NVT) in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 101,000 shares of the company’s stock, valued at approximately $5,294,000. Strs Ohio owned about 0.06% of nVent Electric as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of the stock. Geneos Wealth Management Inc. lifted its position in nVent Electric by 436.0% during the first quarter. Geneos Wealth Management Inc. now owns 1,072 shares of the company’s stock worth $56,000 after acquiring an additional 872 shares during the last quarter. Intech Investment Management LLC lifted its position in nVent Electric by 36.3% during the first quarter. Intech Investment Management LLC now owns 117,705 shares of the company’s stock worth $6,170,000 after acquiring an additional 31,355 shares during the last quarter. Focus Partners Wealth lifted its position in nVent Electric by 2.7% during the first quarter. Focus Partners Wealth now owns 122,969 shares of the company’s stock worth $6,446,000 after acquiring an additional 3,212 shares during the last quarter. Zimmer Partners LP lifted its position in nVent Electric by 44.4% during the first quarter. Zimmer Partners LP now owns 325,000 shares of the company’s stock worth $17,036,000 after acquiring an additional 100,000 shares during the last quarter. Finally, Jones Financial Companies Lllp lifted its position in nVent Electric by 575.6% during the first quarter. Jones Financial Companies Lllp now owns 8,803 shares of the company’s stock worth $461,000 after acquiring an additional 7,500 shares during the last quarter. 90.05% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related news, insider Sara E. Zawoyski sold 22,109 shares of nVent Electric 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 transaction, the insider directly 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 sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Herbert K. Parker sold 20,597 shares of nVent Electric stock in a transaction that occurred on Monday, August 4th. The shares were sold at an average price of $89.88, for a total transaction of $1,851,258.36. Following the completion of the transaction, the director directly owned 15,070 shares in the company, valued at $1,354,491.60. This trade represents a 57.75% 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 three months. 2.50% of the stock is owned by corporate insiders.

nVent Electric Stock Performance

Shares of NYSE:NVT opened at $94.88 on Monday. The company’s 50 day simple moving average is $85.14 and its 200 day simple moving average is $69.03. The stock has a market capitalization of $15.27 billion, a price-to-earnings ratio of 27.03, a price-to-earnings-growth ratio of 1.48 and a beta of 1.38. The company has a debt-to-equity ratio of 0.50, a current ratio of 1.67 and a quick ratio of 1.20. nVent Electric PLC has a 1 year low of $41.71 and a 1 year high of $96.62.

nVent Electric (NYSE:NVT) last announced its quarterly earnings data on Friday, August 1st. The company reported $0.86 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.79 by $0.07. The business had revenue of $963.10 million for the quarter, compared to analysts’ expectations of $906.96 million. nVent Electric had a net margin of 17.72% and a return on equity of 13.36%. The firm’s quarterly revenue was up 30.1% compared to the same quarter last year. During the same period last year, the firm posted $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, research analysts predict that nVent Electric PLC will post 3.04 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on the stock. Royal Bank Of Canada restated an “outperform” rating and set a $102.00 price objective (up from $85.00) on shares of nVent Electric in a research report on Monday, August 4th. The Goldman Sachs Group raised their target price on shares of nVent Electric from $78.00 to $87.00 and gave the stock a “buy” rating in a report on Monday, July 7th. Citigroup raised their target price on shares of nVent Electric from $69.00 to $86.00 and gave the stock a “buy” rating in a report on Monday, July 14th. KeyCorp raised their target price on shares of nVent Electric from $78.00 to $84.00 and gave the stock an “overweight” rating in a report on Tuesday, July 15th. Finally, Wall Street Zen raised shares of nVent Electric from a “hold” rating to a “buy” rating in a report on Saturday, July 12th. One research analyst has rated the stock with a Strong Buy rating and seven have assigned a Buy rating to the company’s stock. According to MarketBeat, nVent Electric currently has a consensus rating of “Buy” and a consensus target price 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.