nVent Electric (NYSE:NVT) Upgraded to Strong-Buy at Wall Street Zen

Wall Street Zen upgraded shares of nVent Electric (NYSE:NVT) from a buy rating to a strong-buy rating in a report published on Saturday morning.

NVT has been the subject of several other research reports. Roth Capital reiterated a “buy” rating and set a $130.00 price target (up previously from $115.00) on shares of nVent Electric in a report on Monday, November 3rd. KeyCorp lifted their price objective on shares of nVent Electric from $103.00 to $114.00 and gave the stock an “overweight” rating in a report on Tuesday, October 14th. Weiss Ratings reissued a “hold (c+)” rating on shares of nVent Electric in a research report on Wednesday, October 8th. Barclays reaffirmed an “overweight” rating and set a $130.00 price target on shares of nVent Electric in a research report on Monday, November 3rd. Finally, Citigroup upped their price objective on nVent Electric from $114.00 to $131.00 and gave the company a “buy” rating in a research note on Monday, November 3rd. One equities research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Buy” and an average target price of $121.14.

nVent Electric Trading Up 0.9%

Shares of NVT stock traded up $0.94 during mid-day trading on Friday, hitting $110.91. The company’s stock had a trading volume of 1,745,464 shares, compared to its average volume of 2,380,514. The company has a market cap of $17.90 billion, a PE ratio of 30.55, a P/E/G ratio of 1.50 and a beta of 1.40. The company has a debt-to-equity ratio of 0.44, a quick ratio of 1.11 and a current ratio of 1.57. The company’s fifty day simple moving average is $99.33 and its 200-day simple moving average is $82.49. nVent Electric has a 52 week low of $41.71 and a 52 week high of $117.52.

nVent Electric (NYSE:NVT) last posted its quarterly earnings results on Friday, October 31st. The company reported $0.91 earnings per share for the quarter, beating the consensus estimate of $0.88 by $0.03. nVent Electric had a net margin of 16.83% and a return on equity of 14.29%. The firm had revenue of $1.05 billion during the quarter, compared to the consensus estimate of $1.01 billion. During the same period in the previous year, the firm posted $0.63 earnings per share. The business’s revenue was up 34.8% compared to the same quarter last year. nVent Electric has set its Q4 2025 guidance at 0.870-0.890 EPS. FY 2025 guidance at 3.310-3.330 EPS. As a group, equities research analysts expect that nVent Electric will post 3.04 earnings per share for the current fiscal year.

nVent Electric Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, November 7th. Shareholders of record on Friday, October 17th were paid a $0.20 dividend. The ex-dividend date was Friday, October 17th. This represents a $0.80 annualized dividend and a yield of 0.7%. nVent Electric’s dividend payout ratio is currently 22.04%.

Insider Buying and Selling at nVent Electric

In other news, EVP Lynnette R. Heath sold 32,943 shares of the business’s stock in a transaction dated Monday, November 3rd. The stock was sold at an average price of $113.04, for a total transaction of $3,723,876.72. Following the completion of the transaction, the executive vice president owned 30,562 shares of the company’s stock, valued at approximately $3,454,728.48. The trade was a 51.87% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Sara E. Zawoyski sold 115,557 shares of the firm’s stock in a transaction that occurred on Wednesday, November 5th. The shares were sold at an average price of $112.78, for a total transaction of $13,032,518.46. Following the completion of the sale, the insider directly owned 66,680 shares in the company, valued at $7,520,170.40. This represents a 63.41% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 220,365 shares of company stock valued at $23,291,204 over the last 90 days. Insiders own 1.80% of the company’s stock.

Institutional Trading of nVent Electric

Several institutional investors and hedge funds have recently made changes to their positions in NVT. Global Trust Asset Management LLC purchased a new position in nVent Electric in the third quarter worth $30,000. Root Financial Partners LLC purchased a new position in shares of nVent Electric in the 3rd quarter worth about $31,000. First Horizon Corp purchased a new position in shares of nVent Electric during the 3rd quarter valued at about $41,000. Trust Co. of Vermont boosted its stake in nVent Electric by 57.8% in the second quarter. Trust Co. of Vermont now owns 434 shares of the company’s stock worth $32,000 after buying an additional 159 shares in the last quarter. Finally, Manchester Capital Management LLC raised its stake in shares of nVent Electric by 222.2% during the second quarter. Manchester Capital Management LLC now owns 435 shares of the company’s stock worth $32,000 after acquiring an additional 300 shares in the last quarter. Hedge funds and other institutional investors own 90.05% of the company’s stock.

About nVent Electric

nVent Electric plc, together with its subsidiaries, designs, manufactures, markets, installs, and services electrical connection and protection solutions in North America, Europe, the Middle East, Africa, the Asia Pacific, and internationally. The company operates through three segments: Enclosures, Electrical & Fastening Solutions, and Thermal Management.