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Director Herbert K. Parker of nVent Electric PLC (NYSE:NVT) sold 20,597 ordinary shares of the company on August 4, 2025, in a single transaction. The shares were sold at an average price of $89.8846, with individual prices ranging from $89.66 to $90.07, resulting in a total transaction value of $1.85 million. The sale comes as nVent’s stock trades near its 52-week high of $91.52, having delivered an impressive 48% return over the past year.
Following the sale, Parker directly owns 15,070 ordinary shares of nVent Electric. The director also directly owns 2,373.269 ordinary shares in the form of restricted stock units. With a market capitalization of $14.48 billion, InvestingPro analysis indicates the stock is currently trading above its Fair Value, with 20+ additional investment insights available to subscribers.
The sale was reported in a Form 4 filing with the Securities and Exchange Commission (SEC) on August 6, 2025. The filing was signed by John K. Wilson, Attorney-in-Fact for Herbert K. Parker. According to InvestingPro data, nVent maintains a "GOOD" overall financial health score, with liquid assets exceeding short-term obligations.
In other recent news, nVent Electric reported impressive second-quarter results, surpassing analyst expectations. The company achieved a record revenue of $963 million, exceeding the consensus estimate of $908.06 million. Additionally, nVent Electric’s adjusted earnings per share reached $0.86, outperforming the projected $0.79. The company’s organic sales grew by 9% year-over-year, bolstered by strong performance in its liquid cooling and power utilities segments. Acquisitions further contributed 21 percentage points to the overall growth during the period. Following these results, Roth/MKM raised its price target for nVent Electric to $100 from $89, maintaining a Buy rating. These developments reflect nVent Electric’s robust growth trajectory and strategic acquisitions. The company also raised its guidance, indicating confidence in its continued performance.
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