Clear Str upgraded shares of nVent Electric (NYSE:NVT – Free Report) to a strong-buy rating in a research report sent to investors on Monday,Zacks.com reports.
A number of other equities research analysts have also recently commented on the company. UBS Group reiterated a “buy” rating on shares of nVent Electric in a research note on Thursday, June 11th. Deutsche Bank Aktiengesellschaft restated a “buy” rating and set a $187.00 price objective on shares of nVent Electric in a report on Monday, May 4th. Zacks Research upgraded shares of nVent Electric from a “hold” rating to a “strong-buy” rating in a research note on Monday, May 4th. Melius Research assumed coverage on shares of nVent Electric in a research report on Tuesday, June 16th. They set a “buy” rating and a $214.00 target price for the company. Finally, Royal Bank Of Canada lifted their price target on shares of nVent Electric from $151.00 to $180.00 and gave the stock an “outperform” rating in a report on Monday, May 4th. Three analysts have rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Buy” and an average target price of $189.64.
nVent Electric Stock Performance
nVent Electric (NYSE:NVT – Get Free Report) last issued its quarterly earnings results on Friday, May 1st. The company reported $1.09 EPS for the quarter, topping analysts’ consensus estimates of $0.94 by $0.15. nVent Electric had a return on equity of 16.82% and a net margin of 11.37%.The business had revenue of $1.24 billion for the quarter, compared to analyst estimates of $1.11 billion. During the same period last year, the company posted $0.67 earnings per share. nVent Electric’s quarterly revenue was up 53.5% compared to the same quarter last year. nVent Electric has set its Q2 2026 guidance at 1.120-1.150 EPS and its FY 2026 guidance at 4.450-4.550 EPS. As a group, sell-side analysts forecast that nVent Electric will post 4.56 earnings per share for the current year.
nVent Electric Announces Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Friday, August 7th. Investors of record on Friday, July 24th will be paid a $0.21 dividend. This represents a $0.84 dividend on an annualized basis and a yield of 0.5%. The ex-dividend date is Friday, July 24th. nVent Electric’s payout ratio is currently 27.91%.
nVent Electric announced that its Board of Directors has initiated a share buyback plan on Saturday, May 16th that permits the company to repurchase $500.00 million in outstanding shares. This repurchase authorization permits the company to repurchase up to 1.8% of its stock through open market purchases. Stock repurchase plans are generally a sign that the company’s board believes its stock is undervalued.
Insider Buying and Selling at nVent Electric
In other nVent Electric news, EVP Lynnette R. Heath sold 27,471 shares of the stock in a transaction dated Wednesday, May 6th. The shares were sold at an average price of $167.59, for a total transaction of $4,603,864.89. Following the completion of the transaction, the executive vice president owned 37,089 shares in the company, valued at $6,215,745.51. This trade represents a 42.55% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Sara E. Zawoyski sold 29,412 shares of the business’s stock in a transaction that occurred on Wednesday, May 13th. The shares were sold at an average price of $172.49, for a total transaction of $5,073,275.88. Following the completion of the sale, the insider directly owned 97,068 shares in the company, valued at approximately $16,743,259.32. This trade represents a 23.25% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders sold 87,685 shares of company stock valued at $14,961,768. Insiders own 1.70% of the company’s stock.
Institutional Investors Weigh In On nVent Electric
Institutional investors have recently made changes to their positions in the stock. AlTi Global Inc. grew its stake in nVent Electric by 1.8% in the 1st quarter. AlTi Global Inc. now owns 4,081 shares of the company’s stock worth $483,000 after buying an additional 74 shares in the last quarter. Meeder Advisory Services Inc. increased its holdings in shares of nVent Electric by 0.9% in the 1st quarter. Meeder Advisory Services Inc. now owns 8,260 shares of the company’s stock worth $977,000 after buying an additional 77 shares during the last quarter. Gamco Investors INC. ET AL raised its position in shares of nVent Electric by 1.0% during the 1st quarter. Gamco Investors INC. ET AL now owns 9,864 shares of the company’s stock valued at $1,167,000 after buying an additional 93 shares in the last quarter. Annex Advisory Services LLC raised its position in shares of nVent Electric by 3.0% during the 4th quarter. Annex Advisory Services LLC now owns 3,243 shares of the company’s stock valued at $331,000 after buying an additional 94 shares in the last quarter. Finally, NewEdge Wealth LLC lifted its holdings in shares of nVent Electric by 3.7% during the 4th quarter. NewEdge Wealth LLC now owns 2,620 shares of the company’s stock worth $267,000 after acquiring an additional 94 shares during the last quarter. Hedge funds and other institutional investors own 90.05% of the company’s stock.
About nVent Electric
nVent Electric PLC is a global manufacturer of electrical connection, protection and thermal management solutions. The company designs, engineers and produces a broad portfolio of products aimed at enhancing safety, reliability and performance in electrical systems across a variety of industries. Its core offerings include electrical enclosures, heat tracing systems, grounding and bonding products, cable management, and fastening solutions. nVent serves markets such as commercial and industrial construction, oil and gas, telecommunications, data centers, utilities, and renewable energy.
The company’s electrical enclosures and housing solutions protect sensitive components from environmental hazards, while its Raychem brand heat tracing products provide freeze protection and temperature maintenance for critical piping and equipment.
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