nVent Electric (NVT)

• Market cap: $12.3B
• 1 day: 3.54%
• 5 days: 7.17%
• 1 month: 7.94%
• 3 months: 0.25%
• 6 months: -3.33%
• Year to date: 9.38%
• 1 year: 28.00%
• 5 years: 194.22%
• 10 years: 193.65%
• 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)

3.54% less ownership

Funds ownership: 91.96% [Q2] → 88.42% (-3.54%) [Q3]

4% less funds holding

Funds holding: 655 [Q2] → 626 (-29) [Q3]

11% less capital invested

Capital invested by funds: $11.7B [Q2] → $10.4B (-$1.32B) [Q3]

14% less repeat investments, than reductions

Existing positions increased: 206 | Existing positions reduced: 239

22% less first-time investments, than exits

New positions opened: 76 | Existing positions closed: 98

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

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

• Low target: $85 14% upside
• Avg. target: $88 17% upside
• High target: $90 20% upside

3 analyst ratings

• positive: 3 100%
• neutral: 0 0%
• negative: 0 0%

Citigroup Vladimir Bystricky 40% 1-year accuracy 4 / 10 met price target	20% upside $90	Buy Maintained	13 Jan 2025
RBC Capital Deane Dray 53% 1-year accuracy 33 / 62 met price target	14% upside $85	Outperform Maintained	3 Jan 2025
Barclays Julian Mitchell 65% 1-year accuracy 72 / 111 met price target	18% upside $88	Overweight Maintained	5 Dec 2024