nVent Electric PLC (NYSE:NVT) Stock Has Average Price Target of $200.81

nVent Electric PLC (NYSE:NVT) has been assigned a consensus recommendation of “Buy” from the twenty analysts that are currently covering the stock, Marketbeat reports. Two analysts have rated the stock with a hold recommendation, sixteen have issued a buy recommendation and two have given a strong buy recommendation to the company. The average 12 month price objective among brokers that have covered the stock in the last year is $198.82.

Several brokerages recently weighed in on NVT. JPMorgan Chase & Co. started coverage on nVent Electric in a research report on Tuesday, October 20th. They set an “overweight” rating and a $167.00 price target for the company. Sanford C. Bernstein reaffirmed an “outperform” rating on shares of nVent Electric in a research note on Friday, October 2nd. Royal Bank Of Canada lifted their target price on shares of nVent Electric from $200.00 to $208.00 and gave the company an “outperform” rating in a report on Wednesday, October 14th. The Goldman Sachs Group reiterated a “buy” rating and issued a $200.00 target price on shares of nVent Electric in a research note on Saturday, August 1st. Finally, Roth Capital reissued a “buy” rating and set a $210.00 price target (up from $195.00) on shares of nVent Electric in a report on Tuesday, August 25th.

nVent Electric Trading Up 3.0%

Shares of nVent Electric stock opened at $129.15 on Tuesday. The stock has a market cap of $20.90 billion, a PE ratio of 35.29, a price-to-earnings-growth ratio of 0.68 and a beta of 1.35. The firm has a fifty day moving average price of $156.02 and a 200 day moving average price of $143.67. nVent Electric has a 1 year low of $93.22 and a 1 year high of $184.64. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.80 and a quick ratio of 1.33.

nVent Electric (NYSE:NVT) last posted its quarterly earnings results on Friday, July 31st. The company reported $1.45 EPS for the quarter, beating the consensus estimate of $1.16 by $0.29. The company had revenue of $1.47 billion for the quarter, compared to analyst estimates of $1.26 billion. nVent Electric had a net margin of 12.38% and a return on equity of 18.85%. The firm’s revenue was up 52.8% on a year-over-year basis. During the same period in the prior year, the company earned $0.86 earnings per share. nVent Electric has set its Q3 2026 guidance at 1.350-1.380 EPS and its FY 2026 guidance at 5.000-5.100 EPS. Equities research analysts predict that nVent Electric will post 5.16 earnings per share for the current year.

nVent Electric Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, November 6th. Shareholders of record on Friday, October 23rd will be given a $0.21 dividend. The ex-dividend date is Friday, October 23rd. This represents a $0.84 dividend on an annualized basis and a dividend yield of 0.7%. nVent Electric’s dividend payout ratio is 22.95%.

Insider Transactions at nVent Electric

In related news, CAO Randolph A. Wacker sold 22,525 shares of nVent Electric stock in a transaction dated Wednesday, August 5th. The stock was sold at an average price of $164.62, for a total value of $3,708,065.50. Following the completion of the transaction, the chief accounting officer owned 27,441 shares in the company, valued at $4,517,337.42. The trade was a 45.08% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Beth Wozniak sold 46,261 shares of nVent Electric stock in a transaction dated Wednesday, August 5th. The shares were sold at an average price of $164.42, for a total value of $7,606,233.62. Following the completion of the transaction, the chief executive officer owned 55,612 shares of the company’s stock, valued at approximately $9,143,725.04. This represents a 45.41% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 74,644 shares of company stock valued at $12,276,886 in the last ninety days. 1.70% of the stock is currently owned by corporate insiders.

Institutional Trading of nVent Electric

Several institutional investors have recently bought and sold shares of NVT. Amundi raised its stake in shares of nVent Electric by 146.8% during the 1st quarter. Amundi now owns 1,092,802 shares of the company’s stock worth $129,257,000 after buying an additional 649,992 shares during the period. First Trust Advisors LP lifted its position in shares of nVent Electric by 32.8% during the 1st quarter. First Trust Advisors LP now owns 1,696,369 shares of the company’s stock valued at $200,647,000 after buying an additional 419,239 shares in the last quarter. Arrowstreet Capital Limited Partnership grew its stake in nVent Electric by 130.3% in the 1st quarter. Arrowstreet Capital Limited Partnership now owns 501,362 shares of the company’s stock valued at $59,301,000 after acquiring an additional 283,671 shares during the period. Swedbank AB grew its stake in nVent Electric by 46.8% in the 1st quarter. Swedbank AB now owns 854,040 shares of the company’s stock valued at $101,016,000 after acquiring an additional 272,379 shares during the period. Finally, State Street Corp grew its stake in nVent Electric by 4.9% in the 2nd quarter. State Street Corp now owns 5,313,122 shares of the company’s stock valued at $901,159,000 after acquiring an additional 250,248 shares during the period. 90.05% of the stock is owned by institutional investors and hedge funds.

About nVent Electric

nVent Electric plc is a global provider of electrical connection, protection and management solutions. The company designs and manufactures products that help protect electrical and electronic systems, manage heat, and support the installation and operation of critical infrastructure.

Its products include electrical and electronic enclosures, industrial cooling and thermal-management systems, cable management and fastening solutions, grounding and bonding equipment, busway and power-distribution products, and related connection technologies.