nVent Electric (NYSE:NVT – Get Free Report) was downgraded by investment analysts at Wall Street Zen from a “strong-buy” rating to a “buy” rating in a research report issued to clients and investors on Saturday, Wall Street Zen reports.
A number of other equities research analysts have also recently commented on the stock. Citigroup increased their target price on shares of nVent Electric from $215.00 to $228.00 and gave the company a “buy” rating in a research report on Monday, October 12th. Clear Str raised shares of nVent Electric to a “strong-buy” rating in a report on Monday, July 13th. Sanford C. Bernstein reaffirmed an “outperform” rating on shares of nVent Electric in a report on Friday, October 2nd. Roth Capital reaffirmed a “buy” rating and set a $210.00 price target (up from $195.00) on shares of nVent Electric in a research report on Tuesday, August 25th. Finally, BMO Capital Markets initiated coverage on nVent Electric in a research report on Sunday, October 4th. They set an “outperform” rating and a $212.00 price target on the stock. Two research analysts have rated the stock with a Strong Buy rating, fifteen have issued a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Buy” and a consensus target price of $200.81.
Check Out Our Latest Stock Analysis on NVT
nVent Electric Stock Performance
Shares of nVent Electric stock opened at $142.11 on Friday. The company has a market capitalization of $23.00 billion, a PE ratio of 38.83, a P/E/G ratio of 0.77 and a beta of 1.35. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.33 and a current ratio of 1.80. The company has a 50-day simple moving average of $158.96 and a two-hundred day simple moving average of $156.54. nVent Electric has a one year low of $93.22 and a one year high of $184.64.
nVent Electric (NYSE:NVT – Get Free Report) last released its quarterly earnings results on Friday, July 31st. The company reported $1.45 EPS for the quarter, beating the consensus estimate of $1.16 by $0.29. nVent Electric had a net margin of 12.38% and a return on equity of 18.85%. The business had revenue of $1.47 billion during the quarter, compared to analyst estimates of $1.26 billion. During the same period in the prior year, the firm posted $0.86 earnings per share. The company’s quarterly revenue was up 52.8% on a year-over-year basis. nVent Electric has set its Q3 2026 guidance at 1.350-1.380 EPS and its FY 2026 guidance at 5.000-5.100 EPS. Research analysts expect that nVent Electric will post 5.13 EPS for the current fiscal year.
Insider Activity at nVent Electric
In related news, CAO Randolph Wacker sold 22,525 shares of nVent Electric stock in a transaction that occurred on Wednesday, August 5th. The shares were sold at an average price of $164.62, for a total value of $3,708,065.50. Following the completion of the sale, the chief accounting officer directly owned 27,441 shares in the company, valued at $4,517,337.42. This trade represents a 45.08% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Robert van der Kolk sold 5,858 shares of nVent Electric stock in a transaction that occurred on Monday, August 10th. The stock was sold at an average price of $164.32, for a total transaction of $962,586.56. Following the completion of the sale, the insider owned 27,387 shares of the company’s stock, valued at $4,500,231.84. This trade represents a 17.62% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 74,644 shares of company stock valued at $12,276,886 in the last three months. 1.70% of the stock is owned by insiders.
Institutional Inflows and Outflows
A number of hedge funds and other institutional investors have recently made changes to their positions in NVT. Amundi lifted its holdings in shares of nVent Electric by 146.8% during the first quarter. Amundi now owns 1,092,802 shares of the company’s stock worth $129,257,000 after purchasing an additional 649,992 shares during the period. First Trust Advisors LP boosted its position in nVent Electric by 32.8% in the first quarter. First Trust Advisors LP now owns 1,696,369 shares of the company’s stock valued at $200,647,000 after buying an additional 419,239 shares during the last quarter. Arrowstreet Capital Limited Partnership increased its holdings in nVent Electric by 130.3% in the 1st quarter. Arrowstreet Capital Limited Partnership now owns 501,362 shares of the company’s stock worth $59,301,000 after buying an additional 283,671 shares during the period. Swedbank AB increased its holdings in nVent Electric by 46.8% in the 1st quarter. Swedbank AB now owns 854,040 shares of the company’s stock worth $101,016,000 after buying an additional 272,379 shares during the period. Finally, State Street Corp increased its holdings in nVent Electric by 4.9% in the 2nd quarter. State Street Corp now owns 5,313,122 shares of the company’s stock worth $901,159,000 after buying an additional 250,248 shares during the period. Hedge funds and other institutional investors own 90.05% of the company’s stock.
nVent Electric Company Profile
nVent Electric plc is a global provider of electrical connection, protection and management solutions. The company designs and manufactures products that help protect electrical and electronic systems, manage heat, and support the installation and operation of critical infrastructure.
Its products include electrical and electronic enclosures, industrial cooling and thermal-management systems, cable management and fastening solutions, grounding and bonding equipment, busway and power-distribution products, and related connection technologies.
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