nVent Electric (NYSE:NVT) Coverage Initiated at UBS Group

UBS Group initiated coverage on shares of nVent Electric (NYSE:NVT) in a report issued on Thursday, Marketbeat.com reports. The brokerage set a “buy” rating and a $128.00 price target on the stock. UBS Group’s target price indicates a potential upside of 27.38% from the stock’s current price.

NVT has been the subject of several other reports. Royal Bank Of Canada upped their target price on nVent Electric from $117.00 to $133.00 and gave the stock an “outperform” rating in a research note on Monday, November 3rd. The Goldman Sachs Group upped their price objective on nVent Electric from $111.00 to $140.00 and gave the stock a “buy” rating in a research report on Monday, November 3rd. Citigroup raised their price objective on nVent Electric from $114.00 to $131.00 and gave the company a “buy” rating in a research note on Monday, November 3rd. Barclays reissued an “overweight” rating and set a $130.00 target price on shares of nVent Electric in a research note on Monday, November 3rd. Finally, KeyCorp raised their price target on shares of nVent Electric from $103.00 to $114.00 and gave the company an “overweight” rating in a research note on Tuesday, October 14th. One investment analyst has rated the stock with a Strong Buy rating and nine have assigned a Buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Buy” and an average target price of $122.00.

nVent Electric Trading Down 1.0%

Shares of nVent Electric stock opened at $100.49 on Thursday. The company has a quick ratio of 1.11, a current ratio of 1.57 and a debt-to-equity ratio of 0.44. nVent Electric has a 12-month low of $41.71 and a 12-month high of $117.52. The company has a market capitalization of $16.22 billion, a price-to-earnings ratio of 27.68, a PEG ratio of 1.40 and a beta of 1.40. The firm’s 50-day moving average price is $102.09 and its two-hundred day moving average price is $85.80.

nVent Electric (NYSE:NVT) last issued its quarterly earnings results on Friday, October 31st. The company reported $0.91 earnings per share for the quarter, topping analysts’ consensus estimates of $0.88 by $0.03. The company had revenue of $1.05 billion during 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 quarterly revenue was up 34.8% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.63 EPS. nVent Electric has set its Q4 2025 guidance at 0.870-0.890 EPS. FY 2025 guidance at 3.310-3.330 EPS. On average, analysts forecast that nVent Electric will post 3.04 earnings per share for the current fiscal year.

Insider Transactions at nVent Electric

In other nVent Electric news, insider Sara E. Zawoyski sold 115,557 shares of the company’s stock in a transaction that occurred on Wednesday, November 5th. The shares were sold at an average price of $112.78, for a total value of $13,032,518.46. Following the completion of the transaction, the insider directly owned 66,680 shares in the company, valued at approximately $7,520,170.40. This represents a 63.41% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CAO Randolph A. Wacker sold 5,000 shares of the firm’s stock in a transaction on Thursday, November 6th. The shares were sold at an average price of $110.08, for a total transaction of $550,400.00. Following the transaction, the chief accounting officer directly owned 26,400 shares of the company’s stock, valued at $2,906,112. The trade was a 15.92% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders sold 157,637 shares of company stock worth $17,763,313. 1.80% of the stock is owned by corporate insiders.

Institutional Trading of nVent Electric

Several institutional investors have recently modified their holdings of the business. CWM LLC raised its position in nVent Electric by 83.5% during the 1st quarter. CWM LLC now owns 6,697 shares of the company’s stock worth $351,000 after purchasing an additional 3,048 shares during the last quarter. IFP Advisors Inc increased its stake in shares of nVent Electric by 669.7% in the first quarter. IFP Advisors Inc now owns 4,287 shares of the company’s stock valued at $225,000 after buying an additional 3,730 shares during the period. PFG Advisors raised its position in shares of nVent Electric by 8.0% during the first quarter. PFG Advisors now owns 10,011 shares of the company’s stock worth $525,000 after acquiring an additional 741 shares during the last quarter. KLP Kapitalforvaltning AS raised its position in shares of nVent Electric by 4.8% during the first quarter. KLP Kapitalforvaltning AS now owns 35,100 shares of the company’s stock worth $1,840,000 after acquiring an additional 1,600 shares during the last quarter. Finally, Wakefield Asset Management LLLP acquired a new position in shares of nVent Electric in the first quarter worth approximately $239,000. Institutional investors own 90.05% of the company’s stock.

About nVent Electric

nVent Electric plc, together with its subsidiaries, designs, manufactures, markets, installs, and services electrical connection and protection solutions in North America, Europe, the Middle East, Africa, the Asia Pacific, and internationally. The company operates through three segments: Enclosures, Electrical & Fastening Solutions, and Thermal Management.