Fosun International Ltd Takes $966,000 Position in nVent Electric PLC $NVT

Fosun International Ltd bought a new position in shares of nVent Electric PLC (NYSE:NVT) in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 5,693 shares of the company’s stock, valued at approximately $966,000.

Several other hedge funds have also recently modified their holdings of NVT. Norges Bank acquired a new stake in nVent Electric in the 4th quarter worth about $245,955,000. Price T Rowe Associates Inc. MD raised its holdings in shares of nVent Electric by 361.9% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 2,577,555 shares of the company’s stock valued at $262,835,000 after acquiring an additional 2,019,483 shares during the last quarter. Balyasny Asset Management L.P. raised its holdings in shares of nVent Electric by 3,467.1% during the third quarter. Balyasny Asset Management L.P. now owns 1,326,100 shares of the company’s stock valued at $130,807,000 after acquiring an additional 1,288,924 shares during the last quarter. Merewether Investment Management LP purchased a new position in shares of nVent Electric in the second quarter valued at approximately $78,222,000. Finally, Amundi lifted its position in shares of nVent Electric by 146.8% in the first quarter. Amundi now owns 1,092,802 shares of the company’s stock valued at $129,257,000 after acquiring an additional 649,992 shares in the last quarter. Institutional investors and hedge funds own 90.05% of the company’s stock.

Insiders Place Their Bets

In other nVent Electric news, insider Der Kolk Robert J. Van sold 5,858 shares of the firm’s stock in a transaction on Monday, August 10th. The stock was sold at an average price of $164.32, for a total value of $962,586.56. Following the completion of the sale, the insider directly owned 27,387 shares of the company’s stock, valued at $4,500,231.84. This trade represents a 17.62% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Beth Wozniak sold 46,261 shares of nVent Electric stock in a transaction on Wednesday, August 5th. The stock was sold at an average price of $164.42, for a total value of $7,606,233.62. Following the transaction, the chief executive officer owned 55,612 shares in the company, valued at approximately $9,143,725.04. This represents a 45.41% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold 74,644 shares of company stock valued at $12,276,886 in the last three months. 1.70% of the stock is currently owned by insiders.

nVent Electric Trading Up 0.4%

Shares of nVent Electric stock opened at $149.00 on Monday. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.80 and a quick ratio of 1.33. The stock’s 50 day simple moving average is $159.15 and its 200-day simple moving average is $146.02. The stock has a market cap of $24.12 billion, a P/E ratio of 40.71, a P/E/G ratio of 1.25 and a beta of 1.37. nVent Electric PLC has a 1-year low of $87.16 and a 1-year high of $184.64.

nVent Electric (NYSE:NVT) last posted its quarterly earnings results on Friday, July 31st. The company reported $1.45 EPS for the quarter, beating the consensus estimate of $1.16 by $0.29. nVent Electric had a return on equity of 18.85% and a net margin of 12.38%.The firm had revenue of $1.47 billion during the quarter, compared to analysts’ expectations of $1.26 billion. During the same quarter last year, the firm earned $0.86 earnings per share. The business’s revenue for the quarter was up 52.8% on a year-over-year basis. nVent Electric has set its Q3 2026 guidance at 1.350-1.380 EPS and its FY 2026 guidance at 5.000-5.100 EPS. Analysts predict that nVent Electric PLC will post 5.13 EPS for the current fiscal year.

nVent Electric announced that its board has authorized a stock repurchase plan on Saturday, May 16th that permits the company to repurchase $500.00 million in shares. This repurchase authorization permits the company to reacquire up to 1.8% of its shares through open market purchases. Shares repurchase plans are generally an indication that the company’s board of directors believes its stock is undervalued.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on NVT. Citigroup lifted their price target on nVent Electric from $203.00 to $215.00 and gave the stock a “buy” rating in a research note on Monday, August 3rd. Weiss Ratings upgraded nVent Electric from a “buy (b-)” rating to a “buy (b)” rating in a report on Monday, August 17th. KeyCorp lifted their target price on shares of nVent Electric from $140.00 to $185.00 and gave the stock an “overweight” rating in a research note on Monday, May 4th. Royal Bank Of Canada lifted their target price on shares of nVent Electric from $193.00 to $200.00 and gave the stock an “outperform” rating in a research note on Monday, August 3rd. Finally, Seaport Research Partners reaffirmed a “buy” rating and set a $215.00 target price on shares of nVent Electric in a report on Monday, August 3rd. Three analysts have rated the stock with a Strong Buy rating and fourteen have given a Buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Buy” and a consensus target price of $199.86.

About nVent Electric

nVent Electric PLC is a global manufacturer of electrical connection, protection and thermal management solutions. The company designs, engineers and produces a broad portfolio of products aimed at enhancing safety, reliability and performance in electrical systems across a variety of industries. Its core offerings include electrical enclosures, heat tracing systems, grounding and bonding products, cable management, and fastening solutions. nVent serves markets such as commercial and industrial construction, oil and gas, telecommunications, data centers, utilities, and renewable energy.

The company’s electrical enclosures and housing solutions protect sensitive components from environmental hazards, while its Raychem brand heat tracing products provide freeze protection and temperature maintenance for critical piping and equipment.