nVent Electric PLC (NYSE:NVT – Get Free Report)’s stock price gapped up before the market opened on Tuesday . The stock had previously closed at $146.64, but opened at $151.12. nVent Electric shares last traded at $149.7950, with a volume of 174,108 shares changing hands.
Analysts Set New Price Targets
Several equities analysts have recently issued reports on the stock. Sanford C. Bernstein set a $220.00 price objective on shares of nVent Electric in a research note on Thursday, July 9th. The Goldman Sachs Group restated a “buy” rating and set a $200.00 target price on shares of nVent Electric in a report on Saturday, August 1st. Roth Capital restated a “buy” rating and set a $210.00 target price (up from $195.00) on shares of nVent Electric in a report on Tuesday, August 25th. Robert W. Baird lifted their price target on shares of nVent Electric from $188.00 to $200.00 and gave the stock an “outperform” rating in a research report on Monday, August 3rd. Finally, Wall Street Zen raised nVent Electric from a “buy” rating to a “strong-buy” rating in a report on Sunday, June 21st. 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 presently has an average rating of “Buy” and an average price target of $199.86.
Check Out Our Latest Research Report on NVT
nVent Electric Price Performance
nVent Electric (NYSE:NVT – Get Free Report) last issued its quarterly earnings results on Friday, July 31st. The company reported $1.45 earnings per share for the quarter, topping analysts’ consensus estimates of $1.16 by $0.29. The firm had revenue of $1.47 billion for the quarter, compared to analysts’ expectations 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 was up 52.8% on a year-over-year basis. During the same quarter last 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. On average, analysts anticipate that nVent Electric PLC will post 5.13 EPS for the current year.
Insiders Place Their Bets
In related news, insider Der Kolk Robert J. Van sold 5,858 shares of the company’s stock in a transaction that occurred on Monday, August 10th. The shares were sold at an average price of $164.32, for a total value of $962,586.56. Following the completion of the sale, the insider owned 27,387 shares in the company, valued at approximately $4,500,231.84. This represents a 17.62% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Beth Wozniak sold 46,261 shares of the company’s stock in a transaction that occurred on Wednesday, August 5th. The shares were sold at an average price of $164.42, for a total transaction of $7,606,233.62. Following the completion of the sale, the chief executive officer owned 55,612 shares of the company’s stock, valued at approximately $9,143,725.04. This trade represents a 45.41% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 74,644 shares of company stock worth $12,276,886 over the last ninety days. 1.70% of the stock is currently owned by company insiders.
Hedge Funds Weigh In On nVent Electric
Several institutional investors and hedge funds have recently added to or reduced their stakes in NVT. Swedbank AB acquired a new stake in shares of nVent Electric in the fourth quarter worth $59,312,000. Northwestern Mutual Wealth Management Co. grew its holdings in shares of nVent Electric by 103.5% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 19,139 shares of the company’s stock valued at $1,952,000 after buying an additional 9,734 shares in the last quarter. Alua Capital Management LP acquired a new position in nVent Electric during the first quarter valued at $27,394,000. Dougherty & Associates LLC acquired a new position in nVent Electric during the fourth quarter valued at $987,000. Finally, Flputnam Investment Management Co. lifted its stake in nVent Electric by 16.9% in the 4th quarter. Flputnam Investment Management Co. now owns 66,297 shares of the company’s stock worth $6,760,000 after acquiring an additional 9,570 shares in the last quarter. 90.05% of the stock is currently owned by hedge funds and other institutional investors.
nVent Electric Company Profile
nVent Electric plc (NYSE:NVT) is a global provider of electrical connection and protection solutions. The company designs and manufactures products that help protect electrical and electronic systems, manage heat, and support the installation and operation of electrical infrastructure across industrial, commercial, residential, data center, energy and infrastructure applications.
Its product portfolio includes electrical and electronic enclosures, thermal-management systems, cable-management products, grounding and bonding equipment, electrical connections, fastening systems and other installation solutions.
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