nVent Electric PLC (NYSE:NVT) Given Consensus Recommendation of “Buy” by Analysts

Shares of nVent Electric PLC (NYSE:NVT) have been given a consensus rating of “Buy” by the ten analysts that are currently covering the firm, Marketbeat.com reports. Nine research analysts have rated the stock with a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12-month price target among brokerages that have covered the stock in the last year is $122.00.

Several equities analysts recently weighed in on NVT shares. Barclays reiterated an “overweight” rating and set a $130.00 target price on shares of nVent Electric in a research report on Monday, November 3rd. Royal Bank Of Canada lifted their price objective on nVent Electric from $117.00 to $133.00 and gave the company an “outperform” rating in a research report on Monday, November 3rd. Wall Street Zen upgraded nVent Electric from a “buy” rating to a “strong-buy” rating in a research note on Saturday, November 8th. Citigroup increased their target price on shares of nVent Electric from $114.00 to $131.00 and gave the stock a “buy” rating in a report on Monday, November 3rd. Finally, The Goldman Sachs Group lifted their price target on shares of nVent Electric from $111.00 to $140.00 and gave the company a “buy” rating in a report on Monday, November 3rd.

Insider Buying and Selling

In other news, EVP Lynnette R. Heath sold 32,943 shares of the company’s stock in a transaction dated Monday, November 3rd. The stock was sold at an average price of $113.04, for a total value of $3,723,876.72. Following the completion of the transaction, the executive vice president owned 30,562 shares of the company’s stock, valued at $3,454,728.48. This represents a 51.87% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CEO Beth Wozniak sold 4,137 shares of the stock in a transaction dated Thursday, November 20th. The stock was sold at an average price of $110.35, for a total value of $456,517.95. Following the sale, the chief executive officer owned 47,984 shares of the company’s stock, valued at $5,295,034.40. This represents a 7.94% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 163,228 shares of company stock worth $18,345,001 in the last three months. Corporate insiders own 1.80% of the company’s stock.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the business. Global Trust Asset Management LLC purchased a new stake in nVent Electric during the 3rd quarter valued at approximately $30,000. Root Financial Partners LLC bought a new position in shares of nVent Electric during the third quarter worth $31,000. Advisory Services Network LLC purchased a new position in nVent Electric during the third quarter valued at $35,000. First Horizon Corp bought a new stake in nVent Electric in the 3rd quarter valued at $41,000. Finally, Trust Co. of Vermont lifted its stake in nVent Electric by 57.8% in the 2nd quarter. Trust Co. of Vermont now owns 434 shares of the company’s stock worth $32,000 after purchasing an additional 159 shares in the last quarter. 90.05% of the stock is owned by hedge funds and other institutional investors.

nVent Electric Stock Up 1.6%

Shares of NVT stock opened at $106.66 on Friday. The company has a current ratio of 1.57, a quick ratio of 1.11 and a debt-to-equity ratio of 0.44. nVent Electric has a 12 month low of $41.71 and a 12 month high of $117.52. The stock has a market cap of $17.21 billion, a P/E ratio of 29.38, a P/E/G ratio of 1.47 and a beta of 1.40. The company has a 50 day simple moving average of $102.79 and a two-hundred day simple moving average of $87.04.

nVent Electric (NYSE:NVT) last issued its quarterly earnings results on Friday, October 31st. The company reported $0.91 earnings per share for the quarter, topping the consensus estimate of $0.88 by $0.03. nVent Electric had a net margin of 16.83% and a return on equity of 14.29%. The business had revenue of $1.05 billion for the quarter, compared to analysts’ expectations of $1.01 billion. During the same quarter last year, the company posted $0.63 EPS. The company’s revenue was up 34.8% compared to the same quarter last year. nVent Electric has set its Q4 2025 guidance at 0.870-0.890 EPS. FY 2025 guidance at 3.310-3.330 EPS. On average, research analysts expect that nVent Electric will post 3.04 earnings per share for the current year.

nVent Electric Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, November 7th. Investors of record on Friday, October 17th were paid a dividend of $0.20 per share. The ex-dividend date was Friday, October 17th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 0.8%. nVent Electric’s payout ratio is 22.04%.

About nVent Electric

nVent Electric plc, together with its subsidiaries, designs, manufactures, markets, installs, and services electrical connection and protection solutions in North America, Europe, the Middle East, Africa, the Asia Pacific, and internationally. The company operates through three segments: Enclosures, Electrical & Fastening Solutions, and Thermal Management.