Concentric Capital Strategies LP Acquires New Position in nVent Electric PLC $NVT

Concentric Capital Strategies LP acquired a new stake in shares of nVent Electric PLC (NYSE:NVT) in the first quarter, according to its most recent filing with the Securities and Exchange Commission. The fund acquired 25,005 shares of the company’s stock, valued at approximately $1,311,000.

A number of other large investors also recently added to or reduced their stakes in the business. Alliance Wealth Advisors LLC UT lifted its holdings in nVent Electric by 1.1% in the 1st quarter. Alliance Wealth Advisors LLC UT now owns 14,192 shares of the company’s stock worth $744,000 after purchasing an additional 159 shares in the last quarter. Davis R M Inc. lifted 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 worth $273,000 after purchasing an additional 200 shares in the last quarter. Portside Wealth Group LLC lifted its holdings in nVent Electric by 3.2% in the 1st quarter. Portside Wealth Group LLC now owns 7,152 shares of the company’s stock worth $375,000 after purchasing an additional 219 shares in the last quarter. Parallel Advisors LLC lifted its holdings in nVent Electric by 15.6% in the 1st quarter. Parallel Advisors LLC now owns 1,702 shares of the company’s stock worth $89,000 after purchasing an additional 230 shares in the last quarter. Finally, TIAA Trust National Association lifted its holdings in nVent Electric by 6.3% in the 1st quarter. TIAA Trust National Association now owns 4,187 shares of the company’s stock worth $219,000 after purchasing an additional 247 shares in the last quarter. 90.05% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research firms recently commented on NVT. KeyCorp boosted their price target on nVent Electric from $78.00 to $84.00 and gave the stock an “overweight” rating in a report on Tuesday, July 15th. Wall Street Zen raised nVent Electric from a “hold” rating to a “buy” rating in a report on Saturday, July 12th. Royal Bank Of Canada reaffirmed an “outperform” rating and set a $102.00 price objective (up from $85.00) on shares of nVent Electric in a report on Monday, August 4th. Citigroup upped their price objective on nVent Electric from $69.00 to $86.00 and gave the stock a “buy” rating in a report on Monday, July 14th. Finally, Roth Capital reaffirmed a “buy” rating and set a $100.00 price objective (up from $89.00) on shares of nVent Electric in a report on Monday, August 4th. One research analyst has rated the stock with a Strong Buy rating and seven have given a Buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Buy” and a consensus target price of $87.00.

Insider Buying and Selling

In related news, CAO Randolph A. Wacker sold 3,000 shares of the firm’s stock in a transaction on Thursday, August 7th. The stock was sold at an average price of $89.09, for a total value of $267,270.00. Following the completion of the sale, the chief accounting officer directly owned 27,525 shares in the company, valued at $2,452,202.25. This trade represents a 9.83% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Sara E. Zawoyski sold 22,109 shares of the firm’s stock in a transaction 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 owned 66,640 shares of the company’s stock, valued at approximately $5,966,945.60. This represents a 24.91% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 261,111 shares of company stock valued at $23,367,520 over the last 90 days. 2.50% of the stock is currently owned by insiders.

nVent Electric Stock Down 0.1%

Shares of NVT opened at $89.36 on Thursday. The stock has a market capitalization of $14.38 billion, a price-to-earnings ratio of 25.46, a price-to-earnings-growth ratio of 1.46 and a beta of 1.39. nVent Electric PLC has a 1 year low of $41.71 and a 1 year high of $92.95. The business’s 50 day simple moving average is $82.33 and its 200-day simple moving average is $67.54. 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 (NYSE:NVT) last released its quarterly earnings results on Friday, August 1st. The company reported $0.86 earnings per share for the quarter, beating the consensus estimate of $0.79 by $0.07. The company had revenue of $963.10 million for 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%.nVent Electric’s quarterly revenue was up 30.1% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $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. As a group, equities analysts expect that nVent Electric PLC will post 3.04 earnings per share 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.