Analysts Set nVent Electric PLC (NYSE:NVT) PT at $129.00

Shares of nVent Electric PLC (NYSE:NVT) have been given an average rating of “Moderate Buy” by the twelve brokerages that are covering the company, Marketbeat reports. Two research analysts have rated the stock with a hold recommendation and ten have given a buy recommendation to the company. The average 1 year price target among brokers that have updated their coverage on the stock in the last year is $129.00.

A number of equities research analysts have issued reports on NVT shares. KeyCorp increased their price target on nVent Electric from $125.00 to $130.00 and gave the stock an “overweight” rating in a research note on Monday, February 9th. Weiss Ratings lowered nVent Electric from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Tuesday, February 24th. Wall Street Zen cut nVent Electric from a “strong-buy” rating to a “buy” rating in a research report on Monday, February 23rd. Citigroup lifted their target price on nVent Electric from $131.00 to $133.00 and gave the company a “buy” rating in a research note on Monday, February 9th. Finally, Barclays boosted their price target on nVent Electric from $140.00 to $141.00 and gave the stock an “overweight” rating in a report on Monday, February 9th.

Insider Buying and Selling

In other nVent Electric news, Director Susan M. Cameron sold 5,000 shares of the business’s stock in a transaction on Tuesday, February 10th. The shares were 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 in the company, valued at $1,535,140.60. The trade was a 27.17% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Jerry W. Burris sold 5,244 shares of the stock in a transaction dated Friday, February 6th. The shares were sold at an average price of $112.27, for a total transaction of $588,743.88. Following the transaction, the director directly owned 46,371 shares of the company’s stock, valued at $5,206,072.17. This trade represents a 10.16% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders sold 17,841 shares of company stock worth $2,046,166. 2.50% of the stock is owned by insiders.

Institutional Investors Weigh In On nVent Electric

Several large investors have recently made changes to their positions in the company. Hsbc Holdings PLC purchased a new position in nVent Electric during the 4th quarter valued at approximately $5,298,000. Caitong International Asset Management Co. Ltd purchased a new stake in shares of nVent Electric during the 4th quarter worth approximately $45,000. Pacer Advisors Inc. raised its holdings in shares of nVent Electric by 32.4% during the 4th quarter. Pacer Advisors Inc. now owns 40,416 shares of the company’s stock worth $4,121,000 after acquiring an additional 9,881 shares in the last quarter. Birchwood Financial Partners Inc. bought a new position in shares of nVent Electric during the 4th quarter valued at approximately $40,000. Finally, Corient Private Wealth LLC grew its holdings in shares of nVent Electric by 0.4% in the fourth quarter. Corient Private Wealth LLC now owns 34,083 shares of the company’s stock valued at $3,491,000 after purchasing an additional 150 shares in the last quarter. 90.05% of the stock is owned by institutional investors.

nVent Electric Price Performance

Shares of NYSE:NVT opened at $109.09 on Friday. The company has a market capitalization of $17.64 billion, a P/E ratio of 25.37, a P/E/G ratio of 1.12 and a beta of 1.31. nVent Electric has a 1-year low of $41.71 and a 1-year high of $122.92. The firm’s 50 day simple moving average is $111.93 and its two-hundred day simple moving average is $104.93. The company has a debt-to-equity ratio of 0.41, a current ratio of 1.63 and a quick ratio of 1.16.

nVent Electric (NYSE:NVT) last announced 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. 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 during the quarter, compared to analysts’ expectations of $1 billion. During the same period in the prior year, the company posted $0.59 earnings per share. The company’s revenue for the quarter was up 41.9% compared to the same quarter last year. 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. Research analysts expect that nVent Electric will post 3.04 EPS for the current fiscal year.

nVent Electric Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, May 8th. Stockholders of record on Friday, April 24th will be issued a $0.21 dividend. This represents a $0.84 annualized dividend and a dividend yield of 0.8%. The ex-dividend date of this dividend is Friday, April 24th. nVent Electric’s payout ratio is 19.53%.

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.