nVent Electric (NVT)

• Market cap: $12.9B
• 1 day: 0.88%
• 5 days: 0.28%
• 1 month: 13.64%
• 3 months: 23.37%
• 6 months: -1.65%
• Year to date: 34.47%
• 1 year: 43.30%
• 5 years: 223.02%
• 10 years: 206.55%
• 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)

3.6% less ownership

Funds ownership: 91.47% [Q2] → 87.88% (-3.6%) [Q3]

5% less funds holding

Funds holding: 655 [Q2] → 623 (-32) [Q3]

11% less capital invested

Capital invested by funds: $11.6B [Q2] → $10.3B (-$1.32B) [Q3]

13% less repeat investments, than reductions

Existing positions increased: 206 | Existing positions reduced: 237

30% less first-time investments, than exits

New positions opened: 75 | Existing positions closed: 107

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 2% upside
• Avg. target: $83 6% upside
• High target: $86 10% upside

4 analyst ratings

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

RBC Capital Deane Dray 67% 1-year accuracy 33 / 49 met price target	2% upside $80	Outperform Maintained	4 Nov 2024
Keybanc Jeffrey Hammond 73% 1-year accuracy 22 / 30 met price target	7% upside $84	Overweight Maintained	14 Oct 2024
Barclays Julian Mitchell 73% 1-year accuracy 51 / 70 met price target	10% upside $86	Overweight Maintained	2 Oct 2024
Keybanc Jeffrey Hammond 73% 1-year accuracy 22 / 30 met price target	2% upside $80	Overweight Upgraded	4 Sept 2024