nVent Electric (NVT)

• Market cap: $11.5B
• 1 day: -0.09%
• 5 days: -7.17%
• 1 month: -6.36%
• 3 months: -1.29%
• 6 months: -11.20%
• Year to date: 19.65%
• 1 year: 20.50%
• 5 years: 171.57%
• 10 years: 172.75%
• Sector: Industrials
• Industry: Special Industry Machinery, Except Metalworking Machinery

About: nVent is a leading global provider of electrical connection and protection solutions that touches a broad range of end markets including infrastructure, industrial, commercial, and residential. NVent designs, manufacturers, markets, installs, and services a portfolio of electrical enclosures and electrical fastening solutions. nVent currently has three reportable segments: Enclosures, Electrical & Fastening Solutions, and Thermal Management. Thermal Management is expected to be sold by early 2025. North America accounts for the majority of sales.

Employees: 11,300

Fund manager confidence

Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)

3.36% less ownership

Funds ownership: 91.47% [Q2] → 88.11% (-3.36%) [Q3]

5% less funds holding

Funds holding: 655 [Q2] → 625 (-30) [Q3]

11% less capital invested

Capital invested by funds: $11.6B [Q2] → $10.3B (-$1.29B) [Q3]

14% less repeat investments, than reductions

Existing positions increased: 206 | Existing positions reduced: 239

29% less first-time investments, than exits

New positions opened: 75 | Existing positions closed: 105

33% less funds holding in top 10

Funds holding in top 10: 9 [Q2] → 6 (-3) [Q3]

73% less call options, than puts

Call options by funds: $20.5M | Put options by funds: $75.1M

Research analyst outlook

4 Wall Street Analysts provided 1 year price targets over the past 3 months

• Low target: $80 15% upside
• Avg. target: $86 23% upside
• High target: $91 31% upside

4 analyst ratings

• positive: 4 100%
• neutral: 0 0%
• negative: 0 0%

Citigroup Vladimir Bystricky 14% 1-year accuracy 1 / 7 met price target	31% upside $91	Buy Maintained	9 Dec 2024
Barclays Julian Mitchell 61% 1-year accuracy 62 / 101 met price target	27% upside $88	Overweight Maintained	5 Dec 2024
RBC Capital Deane Dray 54% 1-year accuracy 35 / 65 met price target	15% upside $80	Outperform Maintained	4 Nov 2024
Keybanc Jeffrey Hammond 54% 1-year accuracy 20 / 37 met price target	21% upside $84	Overweight Maintained	14 Oct 2024