UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Cuts Stock Holdings in nVent Electric PLC $NVT

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lowered its position in shares of nVent Electric PLC (NYSE:NVT) by 91.6% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 88,493 shares of the company’s stock after selling 969,721 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned approximately 0.05% of nVent Electric worth $15,009,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the business. Swedbank AB purchased a new stake in shares of nVent Electric during the fourth quarter valued at $59,312,000. Katamaran Capital LLP bought a new position in nVent Electric during the fourth quarter valued at approximately $2,171,000. Northwestern Mutual Wealth Management Co. boosted its holdings in nVent Electric by 103.5% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 19,139 shares of the company’s stock worth $1,952,000 after purchasing an additional 9,734 shares during the last quarter. Alua Capital Management LP bought a new stake in nVent Electric in the 1st quarter worth approximately $27,394,000. Finally, VIRGINIA RETIREMENT SYSTEMS ET Al grew its position in nVent Electric by 216.7% in the 4th quarter. VIRGINIA RETIREMENT SYSTEMS ET Al now owns 20,900 shares of the company’s stock worth $2,131,000 after purchasing an additional 14,300 shares during the period. 90.05% of the stock is owned by institutional investors.

Insider Activity at nVent Electric

In other nVent Electric news, insider Der Kolk Robert J. Van sold 5,858 shares of the stock in a transaction that occurred on Monday, August 10th. The shares were sold at an average price of $164.32, for a total transaction 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 filing with the SEC, which is available through the SEC website. Also, CEO Beth Wozniak sold 46,261 shares of the business’s stock in a transaction on Wednesday, August 5th. The stock was sold at an average price of $164.42, for a total transaction of $7,606,233.62. Following the completion of the transaction, the chief executive officer directly owned 55,612 shares in the company, valued at $9,143,725.04. This trade represents a 45.41% decrease in their position. The SEC filing for this sale provides additional information. In the last 90 days, insiders have sold 74,644 shares of company stock valued at $12,276,886. 1.70% of the stock is owned by company insiders.

Analyst Ratings Changes

Several analysts recently commented on the company. Citigroup lifted their price objective on nVent Electric from $203.00 to $215.00 and gave the stock a “buy” rating in a report on Monday, August 3rd. Roth Capital reissued a “buy” rating and issued a $210.00 target price (up from $195.00) on shares of nVent Electric in a research report on Tuesday, August 25th. Clear Str upgraded nVent Electric to a “strong-buy” rating in a research note on Monday, July 13th. Royal Bank Of Canada upped their price target on shares of nVent Electric from $193.00 to $200.00 and gave the company an “outperform” rating in a research report on Monday, August 3rd. Finally, Melius Research started coverage on shares of nVent Electric in a report on Tuesday, June 16th. They issued a “buy” rating and a $214.00 price objective on the stock. Three equities research analysts have rated the stock with a Strong Buy rating and fourteen have assigned a Buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Buy” and a consensus target price of $199.86.

nVent Electric Stock Up 2.5%

Shares of NVT stock opened at $155.96 on Friday. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.80 and a quick ratio of 1.33. nVent Electric PLC has a one year low of $89.90 and a one year high of $184.64. The company’s fifty day moving average price is $157.09 and its 200-day moving average price is $147.12. The company has a market capitalization of $25.24 billion, a price-to-earnings ratio of 42.61, a PEG ratio of 1.31 and a beta of 1.36.

nVent Electric (NYSE:NVT) last issued its quarterly earnings results on Friday, July 31st. The company reported $1.45 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.16 by $0.29. The business had revenue of $1.47 billion during the quarter, compared to analyst estimates of $1.26 billion. nVent Electric had a return on equity of 18.85% and a net margin of 12.38%.nVent Electric’s revenue for the quarter was up 52.8% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.86 EPS. 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. Sell-side analysts expect that nVent Electric PLC will post 5.13 EPS for the current fiscal year.

nVent Electric announced that its board has approved a share repurchase program on Saturday, May 16th that permits the company to repurchase $500.00 million in outstanding shares. This repurchase authorization permits the company to repurchase up to 1.8% of its stock through open market purchases. Stock repurchase programs are usually a sign that the company’s management believes its shares are undervalued.

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.