nVent Electric PLC $NVT Shares Purchased by Tidal Investments LLC

Tidal Investments LLC boosted its holdings in nVent Electric PLC (NYSE:NVT) by 56.3% during the 2nd quarter, HoldingsChannel reports. The institutional investor owned 369,496 shares of the company’s stock after purchasing an additional 133,117 shares during the quarter. Tidal Investments LLC’s holdings in nVent Electric were worth $62,670,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of the business. AQR Capital Management LLC lifted its holdings in shares of nVent Electric by 33.1% during the 1st quarter. AQR Capital Management LLC now owns 94,968 shares of the company’s stock valued at $4,841,000 after acquiring an additional 23,606 shares in the last quarter. Jones Financial Companies Lllp lifted its stake in shares of nVent Electric by 575.6% during the first quarter. Jones Financial Companies Lllp now owns 8,803 shares of the company’s stock worth $461,000 after purchasing an additional 7,500 shares in the last quarter. Geneos Wealth Management Inc. boosted its position in shares of nVent Electric by 436.0% in the first quarter. Geneos Wealth Management Inc. now owns 1,072 shares of the company’s stock worth $56,000 after buying an additional 872 shares during the period. Marshall Wace LLP boosted its position in shares of nVent Electric by 31.8% in the second quarter. Marshall Wace LLP now owns 41,061 shares of the company’s stock worth $3,008,000 after buying an additional 9,898 shares during the period. Finally, Cresset Asset Management LLC grew its stake in shares of nVent Electric by 57.7% in the second quarter. Cresset Asset Management LLC now owns 8,136 shares of the company’s stock valued at $596,000 after buying an additional 2,977 shares in the last quarter. 90.05% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at nVent Electric

In related news, CAO Randolph Wacker sold 22,525 shares of the stock in a transaction dated 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 $4,517,337.42. This represents a 45.08% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Robert van der Kolk sold 5,858 shares of the firm’s stock in a transaction dated Monday, August 10th. The stock was sold at an average price of $164.32, for a total transaction of $962,586.56. Following the completion of 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. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 74,644 shares of company stock valued at $12,276,886 in the last quarter. Insiders own 1.70% of the company’s stock.

nVent Electric Stock Performance

NVT stock opened at $159.01 on Thursday. The stock’s 50 day simple moving average is $156.80 and its 200 day simple moving average is $148.28. nVent Electric PLC has a 12-month low of $93.22 and a 12-month high of $184.64. The firm has a market cap of $25.74 billion, a P/E ratio of 43.45, a P/E/G ratio of 1.37 and a beta of 1.36. The company has a current ratio of 1.80, a quick ratio of 1.33 and a debt-to-equity ratio of 0.37.

nVent Electric (NYSE:NVT) last released its earnings results on Friday, July 31st. The company reported $1.45 earnings per share for the quarter, beating the consensus estimate 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 firm’s revenue for the quarter was up 52.8% compared to the same quarter last year. During the same quarter 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. As a group, equities research analysts predict that nVent Electric PLC will post 5.13 EPS for the current year.

nVent Electric announced that its Board of Directors has authorized a stock buyback program on Saturday, May 16th that authorizes the company to repurchase $500.00 million in outstanding shares. This repurchase authorization authorizes the company to repurchase up to 1.8% of its shares through open market purchases. Shares repurchase programs are usually a sign that the company’s board of directors believes its shares are undervalued.

Analysts Set New Price Targets

Several brokerages have issued reports on NVT. Seaport Research Partners reaffirmed a “buy” rating and issued a $215.00 price objective on shares of nVent Electric in a research report on Monday, August 3rd. Wall Street Zen upgraded shares of nVent Electric from a “buy” rating to a “strong-buy” rating in a report on Sunday, June 21st. Royal Bank Of Canada upped their price objective on shares of nVent Electric from $193.00 to $200.00 and gave the company an “outperform” rating in a research report on Monday, August 3rd. Clear Str upgraded nVent Electric to a “strong-buy” rating in a research note on Monday, July 13th. Finally, The Goldman Sachs Group restated a “buy” rating and set a $200.00 price objective on shares of nVent Electric in a research note on Saturday, August 1st. Three research analysts have rated the stock with a Strong Buy rating and fourteen have assigned a Buy rating to the stock. Based on data from MarketBeat, nVent Electric has an average rating of “Buy” and an average price target of $199.86.

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.