Dorsey & Whitney Trust CO LLC Cuts Stock Holdings in nVent Electric PLC $NVT

Dorsey & Whitney Trust CO LLC trimmed its holdings in shares of nVent Electric PLC (NYSE:NVT) by 0.7% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 87,026 shares of the company’s stock after selling 592 shares during the period. Dorsey & Whitney Trust CO LLC’s holdings in nVent Electric were worth $4,562,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. XTX Topco Ltd boosted its position in nVent Electric by 192.2% during the first quarter. XTX Topco Ltd now owns 12,284 shares of the company’s stock valued at $644,000 after buying an additional 8,080 shares during the period. Farther Finance Advisors LLC boosted its position in nVent Electric by 381.0% during the first quarter. Farther Finance Advisors LLC now owns 1,996 shares of the company’s stock valued at $106,000 after buying an additional 1,581 shares during the period. GAMMA Investing LLC boosted its position in nVent Electric by 74.3% during the first quarter. GAMMA Investing LLC now owns 3,476 shares of the company’s stock valued at $182,000 after buying an additional 1,482 shares during the period. Janney Montgomery Scott LLC boosted its position in nVent Electric by 6.2% during the first quarter. Janney Montgomery Scott LLC now owns 27,252 shares of the company’s stock valued at $1,429,000 after buying an additional 1,591 shares during the period. Finally, Robeco Institutional Asset Management B.V. boosted its position in nVent Electric by 27.4% during the first quarter. Robeco Institutional Asset Management B.V. now owns 19,307 shares of the company’s stock valued at $1,012,000 after buying an additional 4,149 shares during the period. 90.05% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, EVP Lynnette R. Heath sold 17,853 shares of the stock in a transaction dated Tuesday, August 5th. The shares were sold at an average price of $89.33, for a total value of $1,594,808.49. Following the completion of the transaction, the executive vice president directly owned 30,512 shares of the company’s stock, valued at $2,725,636.96. This represents a 36.91% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, EVP Jon D. Lammers sold 119,694 shares of the stock in a transaction dated Monday, August 4th. The stock was sold at an average price of $89.48, for a total transaction of $10,710,219.12. Following the completion of the transaction, the executive vice president directly owned 70,817 shares of the company’s stock, valued at approximately $6,336,705.16. The trade was a 62.83% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 218,780 shares of company stock valued at $19,591,172 over the last quarter. 2.50% of the stock is currently owned by insiders.

Analysts Set New Price Targets

Several research firms have issued reports on NVT. Royal Bank Of Canada restated an “outperform” rating and set a $102.00 price target (up from $85.00) on shares of nVent Electric in a research report on Monday, August 4th. KeyCorp increased their target price on shares of nVent Electric from $78.00 to $84.00 and gave the stock an “overweight” rating in a report on Tuesday, July 15th. The Goldman Sachs Group increased their target price 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. Wall Street Zen upgraded shares of nVent Electric from a “hold” rating to a “buy” rating in a report on Saturday, July 12th. Finally, Barclays reiterated an “overweight” rating on shares of nVent Electric in a report on Monday, August 4th. One investment analyst has rated the stock with a Strong Buy rating and seven have issued a Buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Buy” and an average target price of $87.00.

nVent Electric Price Performance

NVT stock opened at $88.08 on Wednesday. nVent Electric PLC has a 1 year low of $41.71 and a 1 year high of $92.75. The company has a market cap of $14.18 billion, a P/E ratio of 25.09, a PEG ratio of 1.53 and a beta of 1.35. The firm has a 50-day moving average of $78.00 and a 200 day moving average of $65.74. 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 (EPS) for the quarter, topping analysts’ consensus estimates of $0.79 by $0.07. nVent Electric had a net margin of 17.72% and a return on equity of 13.36%. The company had revenue of $963.10 million during the quarter, compared to the consensus estimate of $906.96 million. During the same period in the prior year, the firm earned $0.82 earnings per share. nVent Electric’s revenue was up 30.1% on a year-over-year basis. nVent Electric has set its Q3 2025 guidance at 0.860-0.880 EPS. FY 2025 guidance at 3.220-3.300 EPS. On average, sell-side analysts forecast that nVent Electric PLC will post 3.04 EPS for the current year.

nVent Electric Company 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.