William Blair Investment Management Reduces $24M in nVent Electric plc ($NVT)
Key Points
- William Blair Investment Management changed its nVent Electric plc ($NVT) stake by 10.27% last quarter, cutting to 1,233,874 shares worth $209.28 million.
- Wall Street's consensus rating on $NVT is Strong Buy and an average price target of $204.07.
- $NVT last traded around $169.61.
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William Blair Investment Management reduced its position in nVent Electric plc ($NVT) by 10.27% during the most recent quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,233,874 shares of nVent Electric plc after selling 141,285 shares during the quarter. William Blair Investment Management's holdings in nVent Electric plc were worth $209.28 million as of its most recent filing.
nVent Electric plc Stock Up 14.2%
Shares of nVent Electric plc ($NVT) traded around $169.61 on Saturday, up 14.2% for the day.
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About nVent Electric plc
nVent Electric plc designs, manufactures, markets, installs, and services electrical connection and protection solutions in the America, Europe, the Middle East, India, Africa, the Asia Pacific, and internationally. It operates in two segments, Systems Protection and Electrical Connections. The company provides solutions to protect electronics, systems, and data in mission critical applications, including data centers. It also offers solutions that connect power and data infrastructure. In addition, the company provides bus systems, cable management, control buildings, liquid and air-cooling solutions, electrical connections, enclosures, equipment protection, power connections, and power management solutions, switchgear systems, as well as tools and test instruments. The company markets its products through electrical distributors, retail, contractors, and original equipment manufacturers under the nVent CADDY, ERICO, HOFFMAN, ILSCO, SCHROFF, and TRACHTE brand names. Its products are used for various applications, such as industrial, commercial and residential, infrastructure, and energy. The company was founded in 1903 and is based in London, the United Kingdom.
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