UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Sells 969,721 Shares of nVent Electric PLC $NVT

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC cut its holdings in nVent Electric PLC (NYSE:NVT) by 91.6% in the second quarter, HoldingsChannel reports. The firm owned 88,493 shares of the company’s stock after selling 969,721 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC’s holdings in nVent Electric were worth $15,009,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Swedbank AB bought a new stake in shares of nVent Electric in the 4th quarter worth about $59,312,000. Katamaran Capital LLP purchased a new position in nVent Electric in the fourth quarter worth about $2,171,000. Northwestern Mutual Wealth Management Co. increased its stake in nVent Electric by 103.5% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 19,139 shares of the company’s stock worth $1,952,000 after acquiring an additional 9,734 shares during the last quarter. Alua Capital Management LP bought a new stake in nVent Electric during the first quarter worth approximately $27,394,000. Finally, VIRGINIA RETIREMENT SYSTEMS ET Al raised its position in nVent Electric by 216.7% during the fourth quarter. VIRGINIA RETIREMENT SYSTEMS ET Al now owns 20,900 shares of the company’s stock valued at $2,131,000 after purchasing an additional 14,300 shares during the period. Hedge funds and other institutional investors own 90.05% of the company’s stock.

Insider Activity at nVent Electric

In other news, CEO Beth Wozniak sold 46,261 shares of the firm’s stock in a transaction that occurred on Wednesday, August 5th. The shares were sold at an average price of $164.42, for a total transaction of $7,606,233.62. Following the transaction, the chief executive officer directly 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 ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 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 sale, the insider directly owned 27,387 shares of the company’s stock, valued at $4,500,231.84. This represents a 17.62% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 74,644 shares of company stock worth $12,276,886 in the last 90 days. 1.70% of the stock is owned by corporate insiders.

nVent Electric Stock Performance

NVT stock opened at $155.96 on Friday. The company has a quick ratio of 1.33, a current ratio of 1.80 and a debt-to-equity ratio of 0.37. The business’s fifty day simple moving average is $157.09 and its two-hundred day simple moving average is $147.12. nVent Electric PLC has a twelve month low of $89.90 and a twelve month high of $184.64. The firm has a market cap of $25.24 billion, a price-to-earnings ratio of 42.61, a PEG ratio of 1.31 and a beta of 1.36.

nVent Electric (NYSE:NVT) last issued its earnings results on Friday, July 31st. The company reported $1.45 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.16 by $0.29. The firm had revenue of $1.47 billion during the quarter, compared to analyst estimates of $1.26 billion. nVent Electric had a net margin of 12.38% and a return on equity of 18.85%. The business’s revenue was up 52.8% on a year-over-year basis. During the same period in the previous year, the firm earned $0.86 earnings per share. 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. 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 authorized a stock buyback program on Saturday, May 16th that permits the company to repurchase $500.00 million in shares. This repurchase authorization permits the company to purchase up to 1.8% of its stock through open market purchases. Stock repurchase programs are generally a sign that the company’s management believes its shares are undervalued.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on NVT shares. The Goldman Sachs Group reiterated a “buy” rating and issued a $200.00 target price on shares of nVent Electric in a report on Saturday, August 1st. Evercore restated an “outperform” rating and issued a $210.00 price target on shares of nVent Electric in a research report on Monday, August 3rd. Clear Str raised shares of nVent Electric to a “strong-buy” rating in a research note on Monday, July 13th. Robert W. Baird increased their target price on shares of nVent Electric from $188.00 to $200.00 and gave the company an “outperform” rating in a research note on Monday, August 3rd. Finally, Melius Research started coverage on shares of nVent Electric in a report on Tuesday, June 16th. They issued a “buy” rating and a $214.00 target price for the company. Three investment analysts have rated the stock with a Strong Buy rating and fourteen have assigned a Buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Buy” and an average target price of $199.86.

About nVent Electric

nVent Electric PLC is a global manufacturer of electrical connection, protection and thermal management solutions. The company designs, engineers and produces a broad portfolio of products aimed at enhancing safety, reliability and performance in electrical systems across a variety of industries. Its core offerings include electrical enclosures, heat tracing systems, grounding and bonding products, cable management, and fastening solutions. nVent serves markets such as commercial and industrial construction, oil and gas, telecommunications, data centers, utilities, and renewable energy.

The company’s electrical enclosures and housing solutions protect sensitive components from environmental hazards, while its Raychem brand heat tracing products provide freeze protection and temperature maintenance for critical piping and equipment.