nVent Electric (NYSE:NVT) Reaches New 1-Year High – Here’s Why

nVent Electric PLC (NYSE:NVT)’s share price reached a new 52-week high on Thursday . The company traded as high as $122.67 and last traded at $121.5820, with a volume of 2790353 shares traded. The stock had previously closed at $118.22.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on the company. The Goldman Sachs Group upped their price target on nVent Electric from $111.00 to $140.00 and gave the stock a “buy” rating in a research note on Monday, November 3rd. Barclays upped their price objective on shares of nVent Electric from $140.00 to $141.00 and gave the stock an “overweight” rating in a research report on Monday, February 9th. Roth Mkm reiterated a “buy” rating and set a $130.00 price target (up from $115.00) on shares of nVent Electric in a research note on Monday, November 3rd. Wolfe Research raised shares of nVent Electric to an “outperform” rating in a report on Monday, February 9th. Finally, Weiss Ratings lowered nVent Electric from a “buy (b-)” rating to a “hold (c+)” rating in a report on Tuesday. Nine investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $126.25.

nVent Electric Price Performance

The firm has a market cap of $19.14 billion, a PE ratio of 27.52, a price-to-earnings-growth ratio of 1.27 and a beta of 1.33. The company has a current ratio of 1.63, a quick ratio of 1.16 and a debt-to-equity ratio of 0.41. The company has a 50 day moving average price of $110.84 and a 200 day moving average price of $103.64.

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

nVent Electric Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, May 8th. Shareholders of record on Friday, April 24th will be given a dividend of $0.21 per share. The ex-dividend date of this dividend is Friday, April 24th. This represents a $0.84 annualized dividend and a yield of 0.7%. nVent Electric’s dividend payout ratio (DPR) is presently 19.53%.

Insider Activity

In related news, Director Susan M. Cameron sold 5,000 shares of the stock in a transaction on Tuesday, February 10th. The stock was sold at an average price of $114.52, for a total transaction 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 ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Beth Wozniak sold 7,597 shares of the firm’s stock in a transaction dated Wednesday, February 11th. The stock was sold at an average price of $116.47, for a total transaction of $884,822.59. Following the sale, the chief executive officer directly owned 52,990 shares in the company, valued at $6,171,745.30. This represents a 12.54% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 17,841 shares of company stock worth $2,046,166 over the last three months. 1.80% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Continuum Advisory LLC acquired a new position in nVent Electric during the 3rd quarter valued at about $1,630,000. Nordea Investment Management AB grew its stake in shares of nVent Electric by 10.0% in the third quarter. Nordea Investment Management AB now owns 129,655 shares of the company’s stock worth $12,671,000 after purchasing an additional 11,804 shares in the last quarter. Pacer Advisors Inc. raised its stake in shares of nVent Electric by 51.0% during the third quarter. Pacer Advisors Inc. now owns 30,535 shares of the company’s stock valued at $3,012,000 after purchasing an additional 10,307 shares in the last quarter. Robeco Institutional Asset Management B.V. grew its position in nVent Electric by 173.8% in the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 52,856 shares of the company’s stock valued at $5,214,000 after buying an additional 33,549 shares in the last quarter. Finally, Russell Investments Group Ltd. raised its position in shares of nVent Electric by 12.4% during the 2nd quarter. Russell Investments Group Ltd. now owns 189,480 shares of the company’s stock worth $13,880,000 after buying an additional 20,917 shares in the last quarter. Institutional investors and hedge funds own 90.05% of the company’s stock.

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.