nVent Electric (NYSE:NVT) Reaches New 52-Week High – Here’s What Happened

nVent Electric PLC (NYSE:NVT)’s share price reached a new 52-week high during trading on Thursday . The company traded as high as $122.67 and last traded at $121.5820, with a volume of 2790353 shares. The stock had previously closed at $118.22.

Wall Street Analyst Weigh In

Several research firms have issued reports on NVT. Zacks Research lowered shares of nVent Electric from a “strong-buy” rating to a “hold” rating in a report on Friday, February 6th. Weiss Ratings lowered shares of nVent Electric from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Tuesday. Roth Mkm reissued a “buy” rating and set a $130.00 target price (up from $115.00) on shares of nVent Electric in a research note on Monday, November 3rd. Wolfe Research upgraded shares of nVent Electric to an “outperform” rating in a report on Monday, February 9th. Finally, KeyCorp increased their price target on nVent Electric from $125.00 to $130.00 and gave the stock an “overweight” rating in a report on Monday, February 9th. Nine investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat, nVent Electric has an average rating of “Moderate Buy” and a consensus target price of $126.25.

nVent Electric Price Performance

The company has a debt-to-equity ratio of 0.41, a current ratio of 1.63 and a quick ratio of 1.16. The firm has a market capitalization of $19.66 billion, a price-to-earnings ratio of 28.27, a PEG ratio of 1.23 and a beta of 1.33. The business’s fifty day simple moving average is $110.04 and its 200 day simple moving average is $103.31.

nVent Electric (NYSE:NVT) last released its quarterly earnings data on Friday, February 6th. The company reported $0.90 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.89 by $0.01. The company had revenue of $1.07 billion for the quarter, compared to analysts’ expectations of $1 billion. nVent Electric had a net margin of 18.25% and a return on equity of 15.18%. The business’s revenue was up 41.9% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.59 EPS. nVent Electric has set its Q1 2026 guidance at 0.900-0.930 EPS and its FY 2026 guidance at 4.000-4.150 EPS. On average, research analysts forecast that nVent Electric PLC will post 3.04 EPS for the current year.

nVent Electric Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, May 8th. Stockholders of record on Friday, April 24th will be issued a dividend of $0.21 per share. The ex-dividend date is Friday, April 24th. This represents a $0.84 annualized dividend and a dividend yield of 0.7%. nVent Electric’s payout ratio is currently 19.53%.

Insider Transactions at nVent Electric

In related news, Director Jerry W. Burris sold 5,244 shares of the stock in a transaction on Friday, February 6th. The stock was sold at an average price of $112.27, for a total value of $588,743.88. Following the transaction, the director directly owned 46,371 shares in the company, valued at $5,206,072.17. This trade represents a 10.16% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Beth Wozniak sold 7,597 shares of nVent Electric stock in a transaction on Wednesday, February 11th. The shares were sold at an average price of $116.47, for a total transaction of $884,822.59. Following the completion of the sale, the chief executive officer directly owned 52,990 shares of the company’s stock, valued at approximately $6,171,745.30. The trade was a 12.54% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 17,841 shares of company stock valued at $2,046,166 over the last ninety days. 1.80% of the stock is owned by company insiders.

Hedge Funds Weigh In On nVent Electric

A number of hedge funds have recently bought and sold shares of NVT. Global Trust Asset Management LLC purchased a new stake in shares of nVent Electric in the third quarter valued at about $30,000. Root Financial Partners LLC purchased a new position in nVent Electric during the third quarter worth about $31,000. Manchester Capital Management LLC grew its position in nVent Electric by 128.1% in the 4th quarter. Manchester Capital Management LLC now owns 308 shares of the company’s stock worth $31,000 after purchasing an additional 173 shares in the last quarter. True Wealth Design LLC increased its stake in nVent Electric by 1,202.9% in the 2nd quarter. True Wealth Design LLC now owns 443 shares of the company’s stock valued at $32,000 after buying an additional 409 shares during the last quarter. Finally, Cullen Frost Bankers Inc. purchased a new stake in nVent Electric in the 4th quarter valued at about $32,000. 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.