nVent ElectricNVT
Market Cap: $10.2B
About: nVent Electric PLC is a provider of electrical connection and protection solutions. The company segments include Enclosures, Thermal Management, and Electrical and Fastening Solutions. It generates maximum revenue from the Enclosures segment. The Enclosures segment provides inventive solutions that protect, connect, and manage heat in critical electronics, communication, control, and power equipment. Geographically, it derives a majority of its revenue from North America. The company serves the Commercial and Residential, Energy, Industrial Solutions, and Infrastructure industries. Its products include Cabinets and Electronic Packaging, Electrical Fasteners, Hangers and Support, Concrete Reinforcing Steel Connections, Data Center and Networking Systems, and others.
Employees: 11,300
Fund manager confidence
Based on 2024 Q2 SEC filings by fund managers ($100M+ AUM)
299% more call options, than puts
Call options by funds: $56.9M | Put options by funds: $14.2M
111% more first-time investments, than exits
New positions opened: 97 | Existing positions closed: 46
8% more funds holding
Funds holding: 602 [Q1] → 653 (+51) [Q2]
1% more capital invested
Capital invested by funds: $11.4B [Q1] → $11.5B (+$101M) [Q2]
8% less repeat investments, than reductions
Existing positions increased: 217 | Existing positions reduced: 237
1.1% less ownership
Funds ownership: 91.37% [Q1] → 90.27% (-1.1%) [Q2]
10% less funds holding in top 10
Funds holding in top 10: 10 [Q1] → 9 (-1) [Q2]
Research analyst outlook
2 Wall Street Analysts provided 1 year price targets over the past 3 months
2 analyst ratings
Keybanc Jeffrey Hammond 70% 1-year accuracy 21 / 30 met price target | 30%upside $80 | Overweight Upgraded | 4 Sept 2024 |
RBC Capital Deane Dray 61% 1-year accuracy 37 / 61 met price target | 33%upside $82 | Outperform Maintained | 7 Aug 2024 |