nVent Electric PLC $NVT Shares Sold by State of New Jersey Common Pension Fund D

State of New Jersey Common Pension Fund D decreased its holdings in nVent Electric PLC (NYSE:NVT) by 7.4% in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 57,219 shares of the company’s stock after selling 4,540 shares during the quarter. State of New Jersey Common Pension Fund D’s holdings in nVent Electric were worth $2,999,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in NVT. Nuveen LLC purchased a new stake in shares of nVent Electric during the first quarter worth about $229,615,000. Millennium Management LLC raised its position in shares of nVent Electric by 743.7% in the 4th quarter. Millennium Management LLC now owns 2,215,624 shares of the company’s stock valued at $151,017,000 after purchasing an additional 1,953,026 shares during the last quarter. American Century Companies Inc. lifted its stake in shares of nVent Electric by 1,869.8% during the first quarter. American Century Companies Inc. now owns 1,462,840 shares of the company’s stock worth $76,682,000 after buying an additional 1,388,578 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its position in nVent Electric by 145.8% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,466,560 shares of the company’s stock worth $99,961,000 after acquiring an additional 869,906 shares during the period. Finally, Balyasny Asset Management L.P. boosted its position in nVent Electric by 16,062.5% in the fourth quarter. Balyasny Asset Management L.P. now owns 875,197 shares of the company’s stock valued at $59,653,000 after buying an additional 869,782 shares during the last quarter. 90.05% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In other nVent Electric news, EVP Aravind Padmanabhan sold 24,534 shares of nVent Electric stock in a transaction that occurred on Tuesday, August 12th. The stock was sold at an average price of $90.00, for a total transaction of $2,208,060.00. Following the transaction, the executive vice president owned 12,063 shares of the company’s stock, valued at $1,085,670. The trade was a 67.04% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director Herbert K. Parker sold 20,597 shares of nVent Electric stock in a transaction on Monday, August 4th. The shares were sold at an average price of $89.88, for a total transaction of $1,851,258.36. Following the completion of the transaction, the director directly owned 15,070 shares in the company, valued at $1,354,491.60. The trade was a 57.75% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 261,111 shares of company stock worth $23,367,520 over the last ninety days. 1.80% of the stock is owned by corporate insiders.

nVent Electric Stock Down 0.1%

Shares of NYSE:NVT opened at $88.0470 on Thursday. The stock has a market cap of $14.17 billion, a price-to-earnings ratio of 25.08, a price-to-earnings-growth ratio of 1.51 and a beta of 1.35. The firm’s 50 day moving average price is $78.39 and its 200 day moving average price is $65.89. nVent Electric PLC has a fifty-two week low of $41.71 and a fifty-two week high of $92.75. The company has a quick ratio of 1.20, a current ratio of 1.67 and a debt-to-equity ratio of 0.50.

nVent Electric (NYSE:NVT) last announced its quarterly earnings results on Friday, August 1st. The company reported $0.86 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.79 by $0.07. The firm had revenue of $963.10 million during the quarter, compared to the consensus estimate of $906.96 million. nVent Electric had a return on equity of 13.36% and a net margin of 17.72%.The firm’s quarterly revenue was up 30.1% compared to the same quarter last year. During the same period in the prior year, the company posted $0.82 earnings per share. 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 research analysts predict that nVent Electric PLC will post 3.04 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several analysts recently commented on the company. Royal Bank Of Canada reaffirmed an “outperform” rating and set a $102.00 target price (up from $85.00) on shares of nVent Electric in a report on Monday, August 4th. Citigroup boosted their target price on shares of nVent Electric from $69.00 to $86.00 and gave the stock a “buy” rating in a research note on Monday, July 14th. Roth Capital reissued a “buy” rating and issued a $100.00 price objective (up from $89.00) on shares of nVent Electric in a research note on Monday, August 4th. The Goldman Sachs Group increased their price objective on shares of nVent Electric from $78.00 to $87.00 and gave the company a “buy” rating in a report on Monday, July 7th. Finally, Barclays reiterated an “overweight” rating on shares of nVent Electric in a report on Monday, August 4th. One analyst has rated the stock with a Strong Buy rating and seven have given a Buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Buy” and a consensus price target of $87.00.

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.