nVent Electric (NYSE:NVT) Shares Down 5.8% – What’s Next?

nVent Electric PLC (NYSE:NVT) dropped 5.8% during mid-day trading on Wednesday . The stock traded as low as $97.29 and last traded at $96.4620. Approximately 633,409 shares were traded during mid-day trading, a decline of 70% from the average daily volume of 2,139,213 shares. The stock had previously closed at $102.41.

Wall Street Analyst Weigh In

NVT has been the topic of several recent research reports. Roth Capital restated a “buy” rating and set a $130.00 price target (up previously from $115.00) on shares of nVent Electric in a report on Monday, November 3rd. Royal Bank Of Canada boosted their price objective on nVent Electric from $117.00 to $133.00 and gave the stock an “outperform” rating in a research report on Monday, November 3rd. The Goldman Sachs Group raised their target price on shares of nVent Electric from $111.00 to $140.00 and gave the company a “buy” rating in a report on Monday, November 3rd. Barclays lifted their price target on shares of nVent Electric from $130.00 to $140.00 and gave the stock an “overweight” rating in a research note on Thursday, December 4th. Finally, KeyCorp boosted their price target on shares of nVent Electric from $103.00 to $114.00 and gave the stock an “overweight” rating in a report on Tuesday, October 14th. One research analyst has rated the stock with a Strong Buy rating and nine have assigned a Buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Buy” and an average target price of $123.25.

nVent Electric Trading Up 3.3%

The company has a market cap of $16.38 billion, a price-to-earnings ratio of 27.96, a PEG ratio of 1.17 and a beta of 1.32. The company has a quick ratio of 1.11, a current ratio of 1.57 and a debt-to-equity ratio of 0.44. The business’s fifty day simple moving average is $104.90 and its two-hundred day simple moving average is $91.30.

nVent Electric (NYSE:NVT) last issued 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 during the quarter, compared to analysts’ expectations of $1.01 billion. During the same quarter in the prior year, the business posted $0.63 EPS. The company’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, equities analysts predict that nVent Electric PLC will post 3.04 EPS for the current year.

nVent Electric Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, February 6th. Investors of record on Friday, January 23rd will be paid a dividend of $0.21 per share. The ex-dividend date is Friday, January 23rd. This represents a $0.84 dividend on an annualized basis and a yield of 0.8%. This is a boost from nVent Electric’s previous quarterly dividend of $0.20. nVent Electric’s dividend payout ratio (DPR) is 22.04%.

Insider Activity at nVent Electric

In other nVent Electric news, insider Sara E. Zawoyski sold 115,557 shares of the business’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 completion of the sale, the insider owned 66,680 shares in the company, valued at approximately $7,520,170.40. The trade was a 63.41% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CAO Randolph A. Wacker sold 5,000 shares of the firm’s stock in a transaction that occurred on Thursday, November 6th. The stock was sold at an average price of $110.08, for a total transaction of $550,400.00. Following the transaction, the chief accounting officer owned 26,400 shares in the company, valued at approximately $2,906,112. This trade represents a 15.92% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 163,228 shares of company stock valued at $18,345,001 over the last 90 days. 1.80% of the stock is owned by insiders.

Institutional Trading of nVent Electric

Hedge funds and other institutional investors have recently made changes to their positions in the company. Global Trust Asset Management LLC purchased a new position in nVent Electric during the third quarter worth about $30,000. Root Financial Partners LLC purchased a new stake in nVent Electric in the 3rd quarter valued at approximately $31,000. Advisory Services Network LLC acquired a new stake in shares of nVent Electric in the 3rd quarter valued at approximately $35,000. First Horizon Corp purchased a new stake in shares of nVent Electric in the third quarter valued at approximately $41,000. Finally, Trust Co. of Vermont grew its holdings in nVent Electric by 57.8% during the second quarter. Trust Co. of Vermont now owns 434 shares of the company’s stock worth $32,000 after acquiring an additional 159 shares during the period. Hedge funds and other institutional investors 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.