Brooklyn Investment Group Purchases 645 Shares of nVent Electric PLC $NVT

Brooklyn Investment Group lifted its position in shares of nVent Electric PLC (NYSE:NVT) by 101.7% during the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,279 shares of the company’s stock after purchasing an additional 645 shares during the quarter. Brooklyn Investment Group’s holdings in nVent Electric were worth $67,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently made changes to their positions in the company. Nuveen LLC bought a new stake in nVent Electric in the first quarter worth $229,615,000. Millennium Management LLC boosted its holdings in nVent Electric by 743.7% in the fourth quarter. Millennium Management LLC now owns 2,215,624 shares of the company’s stock worth $151,017,000 after acquiring an additional 1,953,026 shares in the last quarter. American Century Companies Inc. boosted its holdings in nVent Electric by 1,869.8% in the first quarter. American Century Companies Inc. now owns 1,462,840 shares of the company’s stock worth $76,682,000 after acquiring an additional 1,388,578 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its holdings in nVent Electric by 145.8% in the fourth 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 in the last quarter. Finally, Balyasny Asset Management L.P. boosted its holdings 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 worth $59,653,000 after acquiring an additional 869,782 shares in the last quarter. 90.05% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several equities research analysts have commented on the company. Barclays reissued an “overweight” rating on shares of nVent Electric in a report on Monday, August 4th. Wall Street Zen raised nVent Electric from a “hold” rating to a “buy” rating in a report on Saturday, July 12th. Citigroup boosted their target price on nVent Electric from $69.00 to $86.00 and gave the stock a “buy” rating in a report on Monday, July 14th. Royal Bank Of Canada reissued an “outperform” rating and issued a $102.00 target price (up from $85.00) on shares of nVent Electric in a report on Monday, August 4th. Finally, The Goldman Sachs Group boosted their price target on nVent Electric from $78.00 to $87.00 and gave the stock a “buy” rating in a research note on Monday, July 7th. One equities research analyst has rated the stock with a Strong Buy rating and seven have given a Buy rating to the company. Based on data from MarketBeat, nVent Electric currently has a consensus rating of “Buy” and an average price target of $87.00.

nVent Electric Stock Up 2.3%

NVT stock opened at $90.0070 on Friday. nVent Electric PLC has a 1-year low of $41.71 and a 1-year high of $92.75. The business has a fifty day moving average price of $79.20 and a 200-day moving average price of $66.25. The company has a debt-to-equity ratio of 0.50, a current ratio of 1.67 and a quick ratio of 1.20. The stock has a market capitalization of $14.49 billion, a P/E ratio of 25.64, a P/E/G ratio of 1.42 and a beta of 1.35.

nVent Electric (NYSE:NVT) last posted its quarterly earnings results on Friday, August 1st. The company reported $0.86 earnings per share for the quarter, topping the consensus estimate of $0.79 by $0.07. nVent Electric had a return on equity of 13.36% and a net margin of 17.72%.The firm had revenue of $963.10 million during the quarter, compared to analysts’ expectations of $906.96 million. During the same quarter in the previous year, the business earned $0.82 earnings per share. The company’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. Equities analysts forecast that nVent Electric PLC will post 3.04 earnings per share for the current fiscal year.

Insider Activity at nVent Electric

In related news, insider Sara E. Zawoyski sold 22,109 shares of the company’s stock in a transaction on Tuesday, August 5th. The stock was sold at an average price of $89.54, for a total transaction of $1,979,639.86. Following the completion of the sale, the insider owned 66,640 shares in the company, valued at approximately $5,966,945.60. This represents a 24.91% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Lynnette R. Heath sold 17,853 shares of the company’s stock in a transaction on 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 sale, the executive vice president owned 30,512 shares of the company’s stock, valued at approximately $2,725,636.96. This trade represents a 36.91% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 261,111 shares of company stock valued at $23,367,520 in the last 90 days. 1.80% of the stock is owned by company insiders.

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.