nVent Electric PLC (NVT) To Go Ex-Dividend on January 23rd

nVent Electric PLC (NYSE:NVT) declared a quarterly dividend on Monday, December 15th. Stockholders of record on Friday, January 23rd will be paid a dividend of 0.21 per share on Friday, February 6th. This represents a c) dividend on an annualized basis and a dividend yield of 0.8%. The ex-dividend date of this dividend is Friday, January 23rd. This is a 5.0% increase from nVent Electric’s previous quarterly dividend of $0.20.

nVent Electric has raised its dividend payment by an average of 0.0%annually over the last three years and has increased its dividend annually for the last 2 consecutive years. nVent Electric has a payout ratio of 24.1% meaning its dividend is sufficiently covered by earnings. Analysts expect nVent Electric to earn $3.40 per share next year, which means the company should continue to be able to cover its $0.84 annual dividend with an expected future payout ratio of 24.7%.

nVent Electric Price Performance

Shares of NYSE NVT opened at $109.78 on Wednesday. The company has a fifty day moving average price of $105.25 and a 200 day moving average price of $97.07. The firm has a market cap of $17.71 billion, a PE ratio of 30.24, a PEG ratio of 1.20 and a beta of 1.34. 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 1-year low of $41.71 and a 1-year high of $117.52.

nVent Electric (NYSE:NVT) last posted its quarterly earnings data on Friday, October 31st. The company reported $0.91 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.88 by $0.03. The company had revenue of $1.05 billion for the quarter, compared to the consensus estimate 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% compared to the same quarter last year. During the same period last year, the company earned $0.63 earnings per share. 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. Research analysts predict that nVent Electric will post 3.04 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

NVT has been the topic of a number of recent analyst reports. Wall Street Zen raised nVent Electric from a “buy” rating to a “strong-buy” rating in a research report on Sunday. Royal Bank Of Canada reissued an “outperform” rating and set a $136.00 target price on shares of nVent Electric in a report on Thursday, January 15th. Roth Capital reaffirmed a “buy” rating and set a $130.00 price target (up previously from $115.00) on shares of nVent Electric in a report on Monday, November 3rd. The Goldman Sachs Group lifted their price objective on shares of nVent Electric from $111.00 to $140.00 and gave the stock a “buy” rating in a research report on Monday, November 3rd. Finally, KeyCorp increased their price objective on shares of nVent Electric from $103.00 to $114.00 and gave the company an “overweight” rating in a research report on Tuesday, October 14th. One investment analyst has rated the stock with a Strong Buy rating and nine have issued a Buy rating to the company’s stock. Based on data from MarketBeat.com, nVent Electric currently has a consensus rating of “Buy” and an average price target of $123.63.

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.