nVent Electric PLC (NYSE:NVT – Get Free Report) has earned a consensus rating of “Buy” from the eighteen analysts that are currently covering the stock, Marketbeat Ratings reports. One analyst has rated the stock with a hold recommendation, fourteen have assigned a buy recommendation and three have given a strong buy recommendation to the company. The average 12 month target price among brokers that have updated their coverage on the stock in the last year is $198.67.
Several equities research analysts have issued reports on the company. Wells Fargo & Company initiated coverage on nVent Electric in a report on Thursday, September 24th. They set an “equal weight” rating and a $182.00 price target for the company. UBS Group reiterated a “buy” rating on shares of nVent Electric in a report on Tuesday, August 25th. Weiss Ratings lowered shares of nVent Electric from a “buy (b)” rating to a “buy (b-)” rating in a research report on Monday, August 31st. Royal Bank Of Canada raised their target price on shares of nVent Electric from $193.00 to $200.00 and gave the stock an “outperform” rating in a research note on Monday, August 3rd. Finally, The Goldman Sachs Group reaffirmed a “buy” rating and set a $200.00 target price on shares of nVent Electric in a report on Saturday, August 1st.
Get Our Latest Analysis on nVent Electric
Insider Transactions at nVent Electric
Institutional Inflows and Outflows
Several large investors have recently added to or reduced their stakes in NVT. State Street Corp boosted its position in shares of nVent Electric by 4.9% in the second quarter. State Street Corp now owns 5,313,122 shares of the company’s stock valued at $901,159,000 after acquiring an additional 250,248 shares during the period. Geode Capital Management LLC increased its position in nVent Electric by 7.5% during the fourth quarter. Geode Capital Management LLC now owns 3,125,289 shares of the company’s stock worth $318,752,000 after acquiring an additional 217,485 shares during the period. Norges Bank bought a new position in nVent Electric during the fourth quarter worth about $245,955,000. Bank of New York Mellon Corp raised its stake in nVent Electric by 3.5% in the 1st quarter. Bank of New York Mellon Corp now owns 2,018,579 shares of the company’s stock worth $238,758,000 after purchasing an additional 68,818 shares in the last quarter. Finally, First Trust Advisors LP raised its stake in nVent Electric by 32.8% in the 1st quarter. First Trust Advisors LP now owns 1,696,369 shares of the company’s stock worth $200,647,000 after purchasing an additional 419,239 shares in the last quarter. Institutional investors own 90.05% of the company’s stock.
nVent Electric Trading Up 0.8%
nVent Electric stock opened at $161.72 on Friday. nVent Electric has a 52 week low of $93.22 and a 52 week high of $184.64. 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 stock has a market capitalization of $26.18 billion, a P/E ratio of 44.18, a PEG ratio of 1.35 and a beta of 1.36. The stock has a 50-day simple moving average of $157.02 and a 200 day simple moving average of $152.51.
nVent Electric (NYSE:NVT – Get Free Report) last released its quarterly earnings data on Friday, July 31st. The company reported $1.45 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.16 by $0.29. nVent Electric had a return on equity of 18.85% and a net margin of 12.38%.The firm had revenue of $1.47 billion for the quarter, compared to analyst estimates of $1.26 billion. During the same quarter in the prior year, the company earned $0.86 earnings per share. The business’s revenue for the quarter was up 52.8% compared to the same quarter last year. 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. Analysts expect that nVent Electric will post 5.13 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, November 6th. Stockholders of record on Friday, October 23rd will be issued a dividend of $0.21 per share. This represents a $0.84 dividend on an annualized basis and a dividend yield of 0.5%. The ex-dividend date is Friday, October 23rd. nVent Electric’s payout ratio is currently 22.95%.
About nVent Electric
nVent Electric plc is a global provider of electrical connection and protection solutions. The company designs and manufactures products that help protect, connect and manage electrical, electronic and critical infrastructure systems in industrial, commercial, data center, energy, transportation and other applications.
Its portfolio includes electrical and electronic enclosures, cable management systems, fastening and support products, grounding and bonding solutions, busbar and power distribution equipment, surge protection products, and thermal management systems.
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