nVent Electric PLC (NYSE:NVT – Get Free Report) has received a consensus recommendation of “Buy” from the twenty analysts that are presently covering the company, MarketBeat Ratings reports. Two equities research analysts have rated the stock with a hold recommendation, sixteen have assigned a buy recommendation and two have assigned a strong buy recommendation to the company. The average 1 year price objective among brokerages that have updated their coverage on the stock in the last year is $198.82.
NVT has been the topic of a number of recent research reports. Seaport Research Partners reissued a “neutral” rating and set a $225.00 price objective on shares of nVent Electric in a report on Monday, October 12th. Citigroup lifted their target price on nVent Electric from $215.00 to $228.00 and gave the company a “buy” rating in a report on Monday, October 12th. Weiss Ratings upgraded nVent Electric from a “buy (b-)” rating to a “buy (b)” rating in a research report on Thursday, October 8th. Robert W. Baird upped their price target on nVent Electric from $188.00 to $200.00 and gave the company an “outperform” rating in a research report on Monday, August 3rd. Finally, Sanford C. Bernstein reissued an “outperform” rating on shares of nVent Electric in a report on Friday, October 2nd.
Get Our Latest Analysis on nVent Electric
nVent Electric Stock Performance
Shares of nVent Electric stock opened at $126.94 on Tuesday. The business’s fifty day simple moving average is $156.63 and its 200 day simple moving average is $157.10. The firm has a market capitalization of $20.55 billion, a P/E ratio of 34.68, a price-to-earnings-growth ratio of 0.79 and a beta of 1.35. nVent Electric has a 12 month low of $93.22 and a 12 month high of $184.64. The company has a current ratio of 1.80, a quick ratio of 1.33 and a debt-to-equity ratio of 0.37.
nVent Electric (NYSE:NVT – Get Free Report) last posted its quarterly earnings data on Friday, July 31st. The company reported $1.45 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 the consensus estimate of $1.26 billion. During the same quarter last year, the company posted $0.86 earnings per share. The firm’s quarterly revenue 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. As a group, analysts anticipate that nVent Electric will post 5.13 EPS for the current year.
nVent Electric Dividend Announcement
The firm 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. The ex-dividend date of this dividend is Friday, October 23rd. This represents a $0.84 annualized dividend and a dividend yield of 0.7%. nVent Electric’s payout ratio is presently 22.95%.
Insider Transactions at nVent Electric
In other news, CEO Beth Wozniak sold 46,261 shares of the business’s stock in a transaction that occurred on Wednesday, August 5th. The shares were sold at an average price of $164.42, for a total value of $7,606,233.62. Following the completion of the sale, the chief executive officer directly owned 55,612 shares in the company, valued at approximately $9,143,725.04. The trade was a 45.41% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider Der Kolk Robert J. Van sold 5,858 shares of the business’s stock in a transaction dated Monday, August 10th. The shares were sold at an average price of $164.32, for a total value of $962,586.56. Following the completion of the sale, the insider directly owned 27,387 shares of the company’s stock, valued at approximately $4,500,231.84. This trade represents a 17.62% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 74,644 shares of company stock valued at $12,276,886 in the last quarter. Insiders own 1.70% of the company’s stock.
Institutional Inflows and Outflows
A number of hedge funds have recently added to or reduced their stakes in NVT. State Street Corp raised its holdings in nVent Electric by 4.9% in the second quarter. State Street Corp now owns 5,313,122 shares of the company’s stock worth $901,159,000 after purchasing an additional 250,248 shares in the last quarter. Bank of New York Mellon Corp boosted its holdings in shares of nVent Electric by 3.5% during the 1st quarter. Bank of New York Mellon Corp now owns 2,018,579 shares of the company’s stock valued at $238,758,000 after buying an additional 68,818 shares in the last quarter. First Trust Advisors LP boosted its holdings in shares of nVent Electric by 32.8% during the 1st 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 in the last quarter. Amundi boosted its holdings in shares of nVent Electric by 146.8% during the 1st quarter. Amundi now owns 1,092,802 shares of the company’s stock valued at $129,257,000 after buying an additional 649,992 shares in the last quarter. Finally, Swedbank AB grew its position in shares of 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. 90.05% of the stock is owned by hedge funds and other institutional investors.
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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