nVent Electric: EVP Lammers sells $10.7m in shares

Published 06/08/2025, 22:12
nVent Electric: EVP Lammers sells $10.7m in shares

Jon D. Lammers, Executive Vice President, General Counsel & Secretary at nVent Electric plc (NYSE:NVT), sold 79,635 shares of Ordinary Shares on August 4, 2025, for approximately $10.7 million. The sales were executed at prices ranging from $89.253 to $89.67 per share.

On the same day, Lammers also exercised options to acquire a total of 118,114 Ordinary Shares at prices ranging from $22.51 to $68.74, for a total value of $3,604,112.

Following these transactions, Lammers directly owns 70,817 shares of nVent Electric plc.

In other recent news, nVent Electric reported impressive second-quarter financial results, highlighting significant growth in both earnings and revenue. The company achieved adjusted earnings per share of $0.86, surpassing analyst expectations of $0.79. Revenue for the quarter reached a record $963 million, exceeding the consensus estimate of $908.06 million. This performance was bolstered by a 9% year-over-year organic sales growth, particularly in the liquid cooling and power utilities segments, with acquisitions contributing an additional 21 percentage points to overall growth. Following these results, Roth/MKM maintained a Buy rating on nVent Electric and raised its stock price target from $89 to $100. These developments underscore strong performance and positive momentum for the company.

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