nVent Electric (NYSE:NVT) Given New $208.00 Price Target at Royal Bank Of Canada

by · The Cerbat Gem

nVent Electric (NYSE:NVT – Get Free Report) had its target price raised by research analysts at Royal Bank Of Canada from $200.00 to $208.00 in a report issued on Wednesday, Benzinga reports. The brokerage presently has an “outperform” rating on the stock. Royal Bank Of Canada’s target price points to a potential upside of 32.34% from the company’s previous close.

NVT has been the topic of a number of other research reports. Weiss Ratings upgraded shares of nVent Electric from a “buy (b-)” rating to a “buy (b)” rating in a research note on Thursday, October 8th. BMO Capital Markets initiated coverage on shares of nVent Electric in a research note on Sunday, October 4th. They issued an “outperform” rating and a $212.00 target price for the company. Wolfe Research reaffirmed an “outperform” rating and set a $191.00 price target on shares of nVent Electric in a report on Thursday, July 9th. Roth Capital reaffirmed a “buy” rating and set a $210.00 price target (up from $195.00) on shares of nVent Electric in a report on Tuesday, August 25th. Finally, Seaport Research Partners reaffirmed a “neutral” rating and set a $225.00 price target on shares of nVent Electric in a research note on Monday. Two analysts have rated the stock with a Strong Buy rating, fifteen have given a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Buy” and an average target price of $200.81.

Get Our Latest Report on nVent Electric

nVent Electric Stock Down 2.7%

Shares of NVT stock traded down $4.30 during trading hours on Wednesday, reaching $157.17. The company had a trading volume of 108,315 shares, compared to its average volume of 2,209,891. The company has a market capitalization of $25.44 billion, a P/E ratio of 43.11, a price-to-earnings-growth ratio of 0.88 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. nVent Electric has a twelve month low of $93.22 and a twelve month high of $184.64. The stock’s fifty day simple moving average is $159.96 and its 200 day simple moving average is $155.89.

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, topping the consensus estimate of $1.16 by $0.29. The firm had revenue of $1.47 billion for the quarter, compared to analyst estimates of $1.26 billion. nVent Electric had a return on equity of 18.85% and a net margin of 12.38%. nVent Electric’s revenue for the quarter was up 52.8% on a year-over-year basis. During the same period in the previous year, the company posted $0.86 EPS. 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, sell-side analysts expect that nVent Electric will post 5.13 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other nVent Electric news, CAO Randolph Wacker sold 22,525 shares of nVent Electric stock in a transaction that occurred on Wednesday, August 5th. The stock was sold at an average price of $164.62, for a total transaction of $3,708,065.50. Following the sale, the chief accounting officer directly owned 27,441 shares in the company, valued at $4,517,337.42. The trade was a 45.08% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Robert van der Kolk sold 5,858 shares of the company’s stock in a transaction that occurred on 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 transaction, the insider directly owned 27,387 shares in the company, valued at approximately $4,500,231.84. The trade was a 17.62% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 74,644 shares of company stock worth $12,276,886 in the last three months. 1.70% of the stock is owned by insiders.

Institutional Trading of nVent Electric

A number of hedge funds have recently made changes to their positions in NVT. Sequoia Financial Advisors LLC lifted its holdings in nVent Electric by 16.8% during the 2nd quarter. Sequoia Financial Advisors LLC now owns 76,540 shares of the company’s stock worth $12,982,000 after buying an additional 11,033 shares during the last quarter. State Street Corp grew its position in shares of 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 acquiring an additional 250,248 shares in the last quarter. Alua Capital Management LP acquired a new position in shares of nVent Electric in the 1st quarter worth approximately $27,394,000. Engineers Gate Manager LP grew its position in shares of nVent Electric by 327.1% in the 2nd quarter. Engineers Gate Manager LP now owns 33,538 shares of the company’s stock worth $5,688,000 after acquiring an additional 25,686 shares in the last quarter. Finally, Corient Private Wealth LP increased its holdings in shares of nVent Electric by 96.0% in the 2nd quarter. Corient Private Wealth LP now owns 36,357 shares of the company’s stock valued at $6,167,000 after acquiring an additional 17,806 shares during the last quarter. Institutional investors and hedge funds own 90.05% of the company’s stock.

About nVent Electric

(Get Free Report)

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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