nVent Electric PLC (NYSE:NVT) Receives $123.25 Consensus PT from Analysts
by Kim Johansen · The Markets DailynVent Electric PLC (NYSE:NVT – Get Free Report) has been assigned an average recommendation of “Buy” from the ten brokerages that are presently covering the company, Marketbeat Ratings reports. Nine analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. The average 12-month price target among brokers that have issued a report on the stock in the last year is $123.25.
Several equities research analysts have commented on the company. KeyCorp boosted their target price on nVent Electric from $103.00 to $114.00 and gave the company an “overweight” rating in a research note on Tuesday, October 14th. UBS Group began coverage on shares of nVent Electric in a report on Thursday, November 20th. They issued a “buy” rating and a $128.00 price objective for the company. The Goldman Sachs Group boosted their price objective on shares of nVent Electric from $111.00 to $140.00 and gave the company a “buy” rating in a research report on Monday, November 3rd. Roth Capital reaffirmed a “buy” rating and issued a $130.00 target price (up previously from $115.00) on shares of nVent Electric in a report on Monday, November 3rd. Finally, Barclays lifted their price objective on nVent Electric from $130.00 to $140.00 and gave the stock an “overweight” rating in a research note on Thursday, December 4th.
Check Out Our Latest Stock Report on nVent Electric
nVent Electric Price Performance
nVent Electric stock opened at $103.97 on Tuesday. The business has a 50-day moving average of $105.18 and a 200-day moving average of $92.33. The company has a current ratio of 1.57, a quick ratio of 1.11 and a debt-to-equity ratio of 0.44. The firm has a market capitalization of $16.78 billion, a P/E ratio of 28.64, a PEG ratio of 1.28 and a beta of 1.32. nVent Electric has a 1 year low of $41.71 and a 1 year high of $117.52.
nVent Electric (NYSE:NVT – Get Free Report) last announced its quarterly earnings results on Friday, October 31st. The company reported $0.91 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.88 by $0.03. The company had revenue of $1.05 billion during the quarter, compared to analyst estimates of $1.01 billion. nVent Electric had a net margin of 16.83% and a return on equity of 14.29%. The firm’s revenue was up 34.8% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.63 EPS. nVent Electric has set its Q4 2025 guidance at 0.870-0.890 EPS and its FY 2025 guidance at 3.310-3.330 EPS. On average, equities analysts anticipate that nVent Electric will post 3.04 EPS for the current year.
nVent Electric Increases Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Friday, February 6th. Stockholders of record on Friday, January 23rd will be issued a dividend of $0.21 per share. This is an increase from nVent Electric’s previous quarterly dividend of $0.20. This represents a $0.84 annualized dividend and a dividend yield of 0.8%. The ex-dividend date is Friday, January 23rd. nVent Electric’s dividend payout ratio (DPR) is currently 22.04%.
Insider Buying and Selling at nVent Electric
In related news, Director Greg Scheu sold 5,591 shares of the stock in a transaction on Monday, November 24th. The stock was sold at an average price of $104.04, for a total value of $581,687.64. Following the transaction, the director directly owned 14,348 shares in the company, valued at $1,492,765.92. This trade represents a 28.04% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Sara E. Zawoyski sold 115,557 shares of nVent Electric stock in a transaction dated Wednesday, November 5th. The shares were sold at an average price of $112.78, for a total value of $13,032,518.46. Following the transaction, the insider owned 66,680 shares of the company’s stock, valued at $7,520,170.40. This trade represents a 63.41% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 163,228 shares of company stock worth $18,345,001 in the last quarter. Company insiders own 1.80% of the company’s stock.
Hedge Funds Weigh In On nVent Electric
A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. SVB Wealth LLC acquired a new stake in shares of nVent Electric during the first quarter worth about $25,000. Global Trust Asset Management LLC acquired a new position in nVent Electric during the third quarter worth approximately $30,000. Root Financial Partners LLC acquired a new position in nVent Electric during the third quarter worth approximately $31,000. Trust Co. of Vermont lifted its stake in nVent Electric by 57.8% in the second quarter. Trust Co. of Vermont now owns 434 shares of the company’s stock valued at $32,000 after buying an additional 159 shares during the last quarter. Finally, True Wealth Design LLC boosted its holdings in shares of nVent Electric by 1,202.9% in the second quarter. True Wealth Design LLC now owns 443 shares of the company’s stock valued at $32,000 after acquiring an additional 409 shares during the period. 90.05% of the stock is owned by hedge funds and other institutional investors.
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.
Featured Articles
- Five stocks we like better than nVent Electric
- Put $1,000 into this stock by Jan 1 [Not NVDA]
- Turn your “dead money” into $306+ monthly (starting this month)
- Washington prepares for war
- Strange Crystal Metal Outperforms Silicon Up to 100X
- 33,000% boom from weird new “AI Fuel?”