nVent Electric PLC (NYSE:NVT) Receives Average Recommendation of “Buy” from Analysts

nVent Electric PLC (NYSE:NVT) has earned an average recommendation of “Buy” from the ten ratings firms that are presently covering the stock, MarketBeat reports. Nine analysts have rated the stock with a buy recommendation and one has given a strong buy recommendation to the company. The average 1 year price objective among brokers that have updated their coverage on the stock in the last year is $123.6250.

Several research firms have recently weighed in on NVT. Wall Street Zen cut shares of nVent Electric from a “strong-buy” rating to a “buy” rating in a report on Saturday, January 10th. Citigroup boosted their price objective on shares of nVent Electric from $114.00 to $131.00 and gave the company a “buy” rating in a research report on Monday, November 3rd. The Goldman Sachs Group increased their target price on nVent Electric from $111.00 to $140.00 and gave the stock a “buy” rating in a report on Monday, November 3rd. Weiss Ratings restated a “buy (b-)” rating on shares of nVent Electric in a report on Monday, December 29th. Finally, Barclays increased their price objective on nVent Electric from $130.00 to $140.00 and gave the stock an “overweight” rating in a report on Thursday, December 4th.

nVent Electric Trading Up 4.3%

NYSE NVT opened at $112.58 on Friday. nVent Electric has a one year low of $41.71 and a one year high of $117.52. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.57 and a quick ratio of 1.11. The firm has a market cap of $18.17 billion, a P/E ratio of 31.01, a P/E/G ratio of 1.16 and a beta of 1.34. The stock’s 50-day moving average is $105.25 and its 200-day moving average is $96.22.

nVent Electric (NYSE:NVT) last issued its quarterly earnings data 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 business had revenue of $1.05 billion during the quarter, compared to analyst estimates of $1.01 billion. nVent Electric had a return on equity of 14.29% and a net margin of 16.83%.nVent Electric’s quarterly revenue was up 34.8% compared to the same quarter last year. During the same period in the previous year, the firm 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. Sell-side analysts anticipate that nVent Electric will post 3.04 earnings per share for the current fiscal year.

nVent Electric Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, February 6th. Stockholders of record on Friday, January 23rd will be paid a dividend of $0.21 per share. The ex-dividend date of this dividend is Friday, January 23rd. This represents a $0.84 annualized dividend and a dividend yield of 0.7%. This is an increase from nVent Electric’s previous quarterly dividend of $0.20. nVent Electric’s dividend payout ratio (DPR) is 22.04%.

Insider Buying and Selling

In related news, CEO Beth Wozniak sold 4,137 shares of the firm’s stock in a transaction on Thursday, November 20th. The shares were sold at an average price of $110.35, for a total value of $456,517.95. Following the completion of the transaction, the chief executive officer owned 47,984 shares of the company’s stock, valued at approximately $5,295,034.40. This trade represents a 7.94% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Sara E. Zawoyski sold 115,557 shares of nVent Electric stock in a transaction on Wednesday, November 5th. The shares were sold at an average price of $112.78, for a total transaction of $13,032,518.46. Following the completion of the sale, the insider owned 66,680 shares in the company, valued at $7,520,170.40. The trade was a 63.41% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 163,228 shares of company stock valued at $18,345,001 over the last ninety days. Insiders own 1.80% of the company’s stock.

Hedge Funds Weigh In On nVent Electric

Large investors have recently modified their holdings of the business. Global Trust Asset Management LLC acquired a new stake in shares of nVent Electric in the third quarter valued at about $30,000. Root Financial Partners LLC bought a new position in nVent Electric in the third quarter valued at approximately $31,000. Trust Co. of Vermont grew 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 purchasing an additional 159 shares in the last quarter. True Wealth Design LLC increased its position in shares of nVent Electric by 1,202.9% during the 2nd quarter. True Wealth Design LLC now owns 443 shares of the company’s stock worth $32,000 after purchasing an additional 409 shares during the last quarter. Finally, Manchester Capital Management LLC raised its stake in shares of nVent Electric by 222.2% during the 2nd quarter. Manchester Capital Management LLC now owns 435 shares of the company’s stock worth $32,000 after purchasing an additional 300 shares in the last quarter. 90.05% of the stock is currently owned by institutional investors and hedge funds.

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.