nVent Electric (NYSE:NVT) Cut to “Buy” at Wall Street Zen

Wall Street Zen lowered shares of nVent Electric (NYSE:NVT) from a strong-buy rating to a buy rating in a research note released on Saturday morning.

Several other research firms have also recently commented on NVT. Roth Capital reaffirmed a “buy” rating and set a $130.00 target price (up previously from $115.00) on shares of nVent Electric in a research note on Monday, November 3rd. Barclays raised their price objective on shares of nVent Electric from $130.00 to $140.00 and gave the stock an “overweight” rating in a research report on Thursday, December 4th. UBS Group began coverage on shares of nVent Electric in a research note on Thursday, November 20th. They issued a “buy” rating and a $128.00 price objective for the company. Citigroup increased their target price on shares of nVent Electric from $114.00 to $131.00 and gave the stock a “buy” rating in a research note on Monday, November 3rd. Finally, KeyCorp lifted 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 research analyst has rated the stock with a Strong Buy rating and nine have given a Buy rating to the stock. According to MarketBeat, the stock has an average rating of “Buy” and an average target price of $123.25.

nVent Electric Trading Up 0.9%

NVT opened at $106.33 on Friday. nVent Electric has a twelve month low of $41.71 and a twelve month high of $117.52. The company has a fifty day moving average of $105.47 and a 200-day moving average of $95.57. The stock has a market cap of $17.16 billion, a PE ratio of 29.29, a price-to-earnings-growth ratio of 1.07 and a beta of 1.34. 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 (NYSE:NVT) last released its earnings results on Friday, October 31st. The company reported $0.91 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.88 by $0.03. nVent Electric had a net margin of 16.83% and a return on equity of 14.29%. The business had revenue of $1.05 billion for the quarter, compared to analyst estimates of $1.01 billion. During the same quarter in the previous year, the business earned $0.63 earnings per share. nVent Electric’s revenue for the quarter was up 34.8% on a year-over-year basis. nVent Electric has set its Q4 2025 guidance at 0.870-0.890 EPS and its FY 2025 guidance at 3.310-3.330 EPS. On average, sell-side analysts predict that nVent Electric will post 3.04 EPS for the current year.

nVent Electric Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, February 6th. Shareholders of record on Friday, January 23rd will be issued a dividend of $0.21 per share. The ex-dividend date of this dividend is Friday, January 23rd. This represents a $0.84 dividend on an annualized basis and a yield of 0.8%. This is an increase from nVent Electric’s previous quarterly dividend of $0.20. nVent Electric’s dividend payout ratio is presently 22.04%.

Insider Transactions at nVent Electric

In other news, insider Sara E. Zawoyski sold 115,557 shares of the firm’s stock in a transaction that occurred on Wednesday, November 5th. The stock was sold at an average price of $112.78, for a total value of $13,032,518.46. Following the transaction, the insider owned 66,680 shares in the company, valued at $7,520,170.40. This trade represents a 63.41% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available 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 shares were sold at an average price of $104.04, for a total value of $581,687.64. Following the transaction, the director directly owned 14,348 shares in the company, valued at approximately $1,492,765.92. The trade was a 28.04% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders sold 163,228 shares of company stock valued at $18,345,001. Corporate insiders own 2.50% of the company’s stock.

Institutional Trading of nVent Electric

Institutional investors have recently made changes to their positions in the company. Global Trust Asset Management LLC bought a new position in shares of nVent Electric during the third quarter valued at about $30,000. Root Financial Partners LLC purchased a new stake in nVent Electric in the 3rd quarter valued at about $31,000. Trust Co. of Vermont increased its stake in nVent Electric by 57.8% in the 2nd quarter. Trust Co. of Vermont now owns 434 shares of the company’s stock valued at $32,000 after buying an additional 159 shares during the last quarter. True Wealth Design LLC lifted its position in shares of nVent Electric by 1,202.9% during the 2nd quarter. True Wealth Design LLC now owns 443 shares of the company’s stock worth $32,000 after buying an additional 409 shares in the last quarter. Finally, Manchester Capital Management LLC boosted its stake in shares of nVent Electric by 222.2% in the 2nd quarter. Manchester Capital Management LLC now owns 435 shares of the company’s stock worth $32,000 after buying an additional 300 shares during the last quarter. Institutional investors own 90.05% of the company’s stock.

nVent Electric Company Profile

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.