nVent Electric (NYSE:NVT) Shares Gap Down – Here’s Why

nVent Electric PLC (NYSE:NVT) gapped down before the market opened on Friday . The stock had previously closed at $113.87, but opened at $107.52. nVent Electric shares last traded at $107.9770, with a volume of 802,784 shares changing hands.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on NVT. Barclays lifted their target price on nVent Electric from $130.00 to $140.00 and gave the company an “overweight” rating in a research note on Thursday, December 4th. Roth Mkm restated a “buy” rating and set a $130.00 price target (up previously from $115.00) on shares of nVent Electric in a research note on Monday, November 3rd. UBS Group began coverage on shares of nVent Electric in a report on Thursday, November 20th. They set a “buy” rating and a $128.00 target price for the company. The Goldman Sachs Group upped 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, Royal Bank Of Canada restated an “outperform” rating and issued a $136.00 target price on shares of nVent Electric in a research report on Thursday, January 15th. Nine analysts have rated the stock with a Buy rating, According to MarketBeat.com, nVent Electric currently has an average rating of “Buy” and a consensus price target of $123.63.

nVent Electric Trading Down 1.8%

The stock has a market capitalization of $18.04 billion, a price-to-earnings ratio of 30.88, a price-to-earnings-growth ratio of 1.25 and a beta of 1.33. The company has a current ratio of 1.57, a quick ratio of 1.11 and a debt-to-equity ratio of 0.44. The company has a fifty day moving average of $107.31 and a two-hundred day moving average of $99.99.

nVent Electric (NYSE:NVT) last issued its quarterly earnings results on Friday, February 6th. The company reported $0.90 EPS for the quarter, beating analysts’ consensus estimates of $0.89 by $0.01. The company had revenue of $1.07 billion for the quarter, compared to analyst estimates of $1 billion. nVent Electric had a return on equity of 14.29% and a net margin of 16.83%.The company’s quarterly revenue was up 41.9% compared to the same quarter last year. During the same period in the previous year, the company posted $0.59 earnings per share. 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 expect that nVent Electric PLC will post 3.04 EPS for the current 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 issued a dividend of $0.21 per share. 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. This represents a $0.84 dividend on an annualized basis and a dividend yield of 0.8%. nVent Electric’s payout ratio is presently 23.14%.

Insider Activity at nVent Electric

In related news, CEO Beth Wozniak sold 4,137 shares of the company’s stock in a transaction that occurred on Thursday, November 20th. The shares were sold at an average price of $110.35, for a total transaction of $456,517.95. Following the sale, the chief executive officer owned 47,984 shares of the company’s stock, valued at approximately $5,295,034.40. This represents a 7.94% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Greg Scheu sold 5,591 shares of nVent Electric stock in a transaction that occurred on Monday, November 24th. The stock was sold at an average price of $104.04, for a total value of $581,687.64. Following the completion of the transaction, the director directly owned 14,348 shares in the company, valued at $1,492,765.92. This trade represents a 28.04% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Corporate insiders own 1.80% of the company’s stock.

Hedge Funds Weigh In On nVent Electric

Institutional investors and hedge funds have recently modified their holdings of the stock. Continuum Advisory LLC purchased a new position in nVent Electric during the third quarter valued at approximately $1,630,000. Nordea Investment Management AB grew its stake in shares of nVent Electric by 10.0% in the third quarter. Nordea Investment Management AB now owns 129,655 shares of the company’s stock valued at $12,671,000 after buying an additional 11,804 shares in the last quarter. Pacer Advisors Inc. increased its stake in nVent Electric by 51.0% during the third quarter. Pacer Advisors Inc. now owns 30,535 shares of the company’s stock worth $3,012,000 after purchasing an additional 10,307 shares during the period. Robeco Institutional Asset Management B.V. lifted its holdings in nVent Electric by 173.8% during the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 52,856 shares of the company’s stock worth $5,214,000 after buying an additional 33,549 shares in the last quarter. Finally, Russell Investments Group Ltd. boosted its holdings in nVent Electric by 12.4% in the second quarter. Russell Investments Group Ltd. now owns 189,480 shares of the company’s stock valued at $13,880,000 after purchasing an additional 20,917 shares during the period. Hedge funds and other institutional investors own 90.05% of the company’s stock.

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.