nVent Electric (NYSE:NVT) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of nVent Electric (NYSE:NVT) from a buy rating to a strong-buy rating in a research note issued to investors on Sunday morning.

Other equities research analysts also recently issued research reports about the stock. Roth Capital reissued a “buy” rating and set a $130.00 price objective (up previously from $115.00) on shares of nVent Electric in a research report on Monday, November 3rd. Citigroup increased their target price on nVent Electric from $114.00 to $131.00 and gave the stock a “buy” rating in a report on Monday, November 3rd. KeyCorp upped their price objective on nVent Electric from $103.00 to $114.00 and gave the stock an “overweight” rating in a research report on Tuesday, October 14th. Royal Bank Of Canada restated an “outperform” rating and issued a $136.00 target price on shares of nVent Electric in a research note on Thursday, January 15th. Finally, UBS Group initiated coverage on shares of nVent Electric in a report on Thursday, November 20th. They issued a “buy” rating and a $128.00 price objective on the stock. One investment analyst has rated the stock with a Strong Buy rating and nine have given a Buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Buy” and a consensus price target of $123.63.

nVent Electric Stock Down 2.4%

Shares of nVent Electric stock opened at $109.78 on Friday. The company has a market capitalization of $17.71 billion, a P/E ratio of 30.24, a price-to-earnings-growth ratio of 1.20 and a beta of 1.34. 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 business has a 50-day moving average of $105.25 and a two-hundred day moving average of $97.07. nVent Electric has a 1 year low of $41.71 and a 1 year high of $117.52.

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. nVent Electric had a return on equity of 14.29% and a net margin of 16.83%.The business had revenue of $1.05 billion during the quarter, compared to analyst estimates of $1.01 billion. During the same period in the previous year, the firm earned $0.63 EPS. nVent Electric’s quarterly 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 and its FY 2025 guidance at 3.310-3.330 EPS. As a group, equities analysts predict that nVent Electric will post 3.04 EPS for the current year.

nVent Electric Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, February 6th. Shareholders of record on Friday, January 23rd will be given a dividend of $0.21 per share. This represents a $0.84 annualized dividend and a yield of 0.8%. This is an increase from nVent Electric’s previous quarterly dividend of $0.20. The ex-dividend date of this dividend is Friday, January 23rd. nVent Electric’s payout ratio is currently 22.04%.

Insider Buying and Selling

In other news, Director Greg Scheu sold 5,591 shares of nVent Electric stock in a transaction dated Monday, November 24th. The shares were sold at an average price of $104.04, for a total value of $581,687.64. Following the completion of the transaction, the director owned 14,348 shares of the company’s stock, valued at $1,492,765.92. This trade represents a 28.04% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CAO Randolph A. Wacker sold 5,000 shares of the company’s stock in a transaction dated Thursday, November 6th. The shares were sold at an average price of $110.08, for a total transaction of $550,400.00. Following the completion of the sale, the chief accounting officer directly owned 26,400 shares in the company, valued at approximately $2,906,112. The trade was a 15.92% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last quarter, insiders have sold 163,228 shares of company stock worth $18,345,001. Corporate insiders own 2.50% of the company’s stock.

Institutional Trading of nVent Electric

A number of hedge funds have recently made changes to their positions in the business. Norges Bank bought a new position in shares of nVent Electric in the second quarter valued at about $234,290,000. Massachusetts Financial Services Co. MA grew its stake in nVent Electric by 146.0% in the 2nd quarter. Massachusetts Financial Services Co. MA now owns 3,195,543 shares of the company’s stock valued at $234,074,000 after buying an additional 1,896,749 shares during the last quarter. William Blair Investment Management LLC raised its holdings in nVent Electric by 29.5% in the 2nd quarter. William Blair Investment Management LLC now owns 3,113,936 shares of the company’s stock valued at $228,096,000 after acquiring an additional 709,464 shares during the period. Champlain Investment Partners LLC raised its holdings in nVent Electric by 26.8% in the 2nd quarter. Champlain Investment Partners LLC now owns 2,260,240 shares of the company’s stock valued at $165,563,000 after acquiring an additional 477,135 shares during the period. Finally, Clark Capital Management Group Inc. lifted its position in nVent Electric by 2.4% during the third quarter. Clark Capital Management Group Inc. now owns 1,830,406 shares of the company’s stock worth $180,551,000 after acquiring an additional 43,502 shares during the last quarter. 90.05% of the stock is owned by institutional investors and hedge funds.

nVent Electric Company Profile

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.