HighTower Advisors LLC Sells 7,470 Shares of nVent Electric PLC $NVT

HighTower Advisors LLC decreased its holdings in nVent Electric PLC (NYSE:NVT) by 12.6% in the second quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 52,010 shares of the company’s stock after selling 7,470 shares during the quarter. HighTower Advisors LLC’s holdings in nVent Electric were worth $8,821,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also bought and sold shares of the stock. Elevation Wealth Partners LLC grew its stake in shares of nVent Electric by 554.5% in the second quarter. Elevation Wealth Partners LLC now owns 216 shares of the company’s stock worth $37,000 after acquiring an additional 183 shares during the period. Financial Consulate Inc. boosted its holdings in nVent Electric by 1,431.2% in the second quarter. Financial Consulate Inc. now owns 245 shares of the company’s stock worth $42,000 after purchasing an additional 229 shares during the last quarter. Manchester Capital Management LLC boosted its holdings in nVent Electric by 128.1% in the fourth quarter. Manchester Capital Management LLC now owns 308 shares of the company’s stock worth $31,000 after purchasing an additional 173 shares during the last quarter. Cullen Frost Bankers Inc. bought a new stake in nVent Electric in the 4th quarter worth approximately $32,000. Finally, Elyxium Wealth LLC bought a new stake in nVent Electric in the 4th quarter worth approximately $36,000. Institutional investors own 90.05% of the company’s stock.

nVent Electric Price Performance

NYSE NVT opened at $155.28 on Friday. The business’s fifty day moving average is $156.85 and its 200 day moving average is $148.55. nVent Electric PLC has a fifty-two week low of $93.22 and a fifty-two week high of $184.64. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.33 and a current ratio of 1.80. The company has a market capitalization of $25.13 billion, a PE ratio of 42.43, a price-to-earnings-growth ratio of 1.33 and a beta of 1.36.

nVent Electric (NYSE:NVT) last issued its quarterly earnings results on Friday, July 31st. The company reported $1.45 EPS for the quarter, topping analysts’ consensus estimates of $1.16 by $0.29. nVent Electric had a return on equity of 18.85% and a net margin of 12.38%.The business had revenue of $1.47 billion during the quarter, compared to analysts’ expectations of $1.26 billion. During the same quarter in the prior year, the business posted $0.86 earnings per share. The business’s quarterly revenue was up 52.8% on a year-over-year basis. 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. Sell-side analysts predict that nVent Electric PLC will post 5.13 earnings per share for the current year.

nVent Electric announced that its Board of Directors has initiated a share buyback program on Saturday, May 16th that permits the company to repurchase $500.00 million in shares. This repurchase authorization permits the company to repurchase up to 1.8% of its shares through open market purchases. Shares repurchase programs are typically an indication that the company’s board of directors believes its stock is undervalued.

Analyst Ratings Changes

Several equities analysts have recently weighed in on the company. Roth Capital reissued a “buy” rating and set a $210.00 price target (up from $195.00) on shares of nVent Electric in a report on Tuesday, August 25th. Wolfe Research restated an “outperform” rating and issued a $191.00 price target on shares of nVent Electric in a research note on Thursday, July 9th. Citigroup lifted their price objective on nVent Electric from $203.00 to $215.00 and gave the stock a “buy” rating in a report on Monday, August 3rd. Evercore reiterated an “outperform” rating and set a $210.00 price objective on shares of nVent Electric in a research report on Monday, August 3rd. Finally, Royal Bank Of Canada increased their target price on nVent Electric from $193.00 to $200.00 and gave the company an “outperform” rating in a report on Monday, August 3rd. Three 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 has an average rating of “Buy” and a consensus price target of $199.86.

Insider Activity at nVent Electric

In other nVent Electric news, CAO Randolph A. Wacker sold 22,525 shares of the firm’s stock in a transaction that occurred on Wednesday, August 5th. The shares were sold at an average price of $164.62, for a total transaction of $3,708,065.50. Following the sale, the chief accounting officer owned 27,441 shares in the company, valued at approximately $4,517,337.42. This trade represents a 45.08% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Der Kolk Robert J. Van sold 5,858 shares of nVent Electric stock in a transaction that occurred on Monday, August 10th. The shares were sold at an average price of $164.32, for a total transaction of $962,586.56. Following the transaction, the insider directly owned 27,387 shares in the company, valued at $4,500,231.84. This represents a 17.62% decrease in their position. The SEC filing for this sale provides additional information. In the last ninety days, insiders sold 74,644 shares of company stock worth $12,276,886. 1.70% of the stock is owned by company insiders.

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.