Roth Mkm Increases nVent Electric (NYSE:NVT) Price Target to $135.00

nVent Electric (NYSE:NVT) had its price objective raised by equities research analysts at Roth Mkm from $130.00 to $135.00 in a research note issued to investors on Monday,Benzinga reports. The firm presently has a “buy” rating on the stock. Roth Mkm’s price objective would suggest a potential upside of 10.29% from the company’s previous close.

Several other analysts have also recently weighed in on NVT. KeyCorp lifted their price objective on shares of nVent Electric from $125.00 to $130.00 and gave the stock an “overweight” rating in a research note on Monday, February 9th. Citigroup increased their price objective on shares of nVent Electric from $131.00 to $133.00 and gave the company a “buy” rating in a research note on Monday, February 9th. UBS Group reissued a “buy” rating and set a $135.00 price target on shares of nVent Electric in a research note on Friday, March 13th. Glj Research assumed coverage on nVent Electric in a research report on Thursday, March 5th. They set a “buy” rating and a $151.00 price objective for the company. Finally, Royal Bank Of Canada boosted their target price on shares of nVent Electric from $138.00 to $143.00 and gave the company an “outperform” rating in a report on Thursday. Ten analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to MarketBeat, nVent Electric has an average rating of “Moderate Buy” and a consensus price target of $138.50.

nVent Electric Stock Up 5.3%

NYSE NVT traded up $6.11 on Monday, reaching $122.41. The company had a trading volume of 1,029,386 shares, compared to its average volume of 2,370,863. The company has a debt-to-equity ratio of 0.41, a quick ratio of 1.16 and a current ratio of 1.63. The firm has a market capitalization of $19.80 billion, a price-to-earnings ratio of 28.40, a price-to-earnings-growth ratio of 1.21 and a beta of 1.31. The company’s fifty day moving average is $113.44 and its 200-day moving average is $106.29. nVent Electric has a 1-year low of $41.71 and a 1-year high of $124.22.

nVent Electric (NYSE:NVT) last issued its quarterly earnings results on Friday, February 6th. The company reported $0.90 EPS for the quarter, topping the consensus estimate of $0.89 by $0.01. nVent Electric had a net margin of 18.25% and a return on equity of 15.18%. The firm had revenue of $1.07 billion for the quarter, compared to analysts’ expectations of $1 billion. During the same period in the previous year, the firm posted $0.59 EPS. The company’s revenue for the quarter was up 41.9% on a year-over-year basis. 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 will post 3.04 earnings per share for the current fiscal year.

Insider Buying and Selling at nVent Electric

In other nVent Electric news, Director Susan M. Cameron sold 5,000 shares of the firm’s stock in a transaction dated Tuesday, February 10th. The stock was sold at an average price of $114.52, for a total value of $572,600.00. Following the sale, the director owned 13,405 shares of the company’s stock, valued at $1,535,140.60. This trade represents a 27.17% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Jerry W. Burris sold 5,244 shares of nVent Electric stock in a transaction dated Friday, February 6th. The stock was sold at an average price of $112.27, for a total value of $588,743.88. Following the sale, the director directly owned 46,371 shares of the company’s stock, valued at approximately $5,206,072.17. This trade represents a 10.16% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 17,841 shares of company stock valued at $2,046,166 in the last 90 days. 2.50% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On nVent Electric

Several hedge funds and other institutional investors have recently modified their holdings of NVT. Norges Bank bought a new position in shares of nVent Electric during the second quarter valued at approximately $234,290,000. Price T Rowe Associates Inc. MD boosted its holdings in nVent Electric by 361.9% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 2,577,555 shares of the company’s stock worth $262,835,000 after buying an additional 2,019,483 shares during the period. Holocene Advisors LP purchased a new stake in shares of nVent Electric during the third quarter worth about $151,265,000. Balyasny Asset Management L.P. raised its position in shares of nVent Electric by 3,467.1% during the third quarter. Balyasny Asset Management L.P. now owns 1,326,100 shares of the company’s stock valued at $130,807,000 after buying an additional 1,288,924 shares during the last quarter. Finally, Merewether Investment Management LP bought a new stake in nVent Electric in the 2nd quarter valued at $78,222,000. 90.05% of the stock is owned by 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.