nVent Electric PLC $NVT Shares Sold by Addison Capital Co

Addison Capital Co decreased its position in shares of nVent Electric PLC (NYSE:NVT) by 12.9% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 9,450 shares of the company’s stock after selling 1,400 shares during the period. Addison Capital Co’s holdings in nVent Electric were worth $495,000 at the end of the most recent quarter.

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

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on NVT. Royal Bank Of Canada reiterated an “outperform” rating and issued a $102.00 price objective (up previously from $85.00) on shares of nVent Electric in a research note on Monday, August 4th. Citigroup raised their target price on shares of nVent Electric from $69.00 to $86.00 and gave the company a “buy” rating in a report on Monday, July 14th. The Goldman Sachs Group boosted their price target 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. Roth Capital reissued a “buy” rating and issued a $100.00 price objective (up from $89.00) 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 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 stock. Based on data from MarketBeat.com, nVent Electric currently has a consensus rating of “Buy” and a consensus target price of $87.00.

Insider Buying and Selling

In other news, CEO Beth Wozniak sold 42,331 shares of the business’s stock in a transaction dated 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 of the company’s stock, valued at approximately $4,388,775.16. The trade was a 46.25% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Herbert K. Parker sold 20,597 shares of the company’s stock in a transaction dated Monday, August 4th. The shares were sold at an average price of $89.88, for a total value of $1,851,258.36. Following the completion of the sale, the director directly owned 15,070 shares of the company’s stock, valued at approximately $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 have sold a total of 261,111 shares of company stock valued at $23,367,520 over the last ninety days. Company insiders own 1.80% of the company’s stock.

nVent Electric Stock Performance

Shares of nVent Electric stock opened at $94.98 on Thursday. 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 PLC has a 52 week low of $41.71 and a 52 week high of $96.62. The firm’s 50 day moving average is $84.28 and its two-hundred day moving average is $68.43. The firm has a market capitalization of $15.29 billion, a P/E ratio of 27.06, a P/E/G ratio of 1.42 and a beta of 1.39.

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, topping the consensus estimate 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 net margin of 17.72% and a return on equity of 13.36%. The company’s revenue was up 30.1% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.82 EPS. nVent Electric has set its Q3 2025 guidance at 0.860-0.880 EPS. FY 2025 guidance at 3.220-3.300 EPS. Research analysts forecast that nVent Electric PLC will post 3.04 EPS 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.