nVent Electric PLC (NYSE:NVT) Receives $122.00 Average Price Target from Analysts

nVent Electric PLC (NYSE:NVT) has received an average recommendation of “Buy” from the ten brokerages that are presently covering the firm, Marketbeat Ratings reports. Nine research analysts have rated the stock with a buy recommendation and one has issued a strong buy recommendation on the company. The average 1-year price objective among brokers that have covered the stock in the last year is $122.00.

Several research firms have commented on NVT. KeyCorp lifted their target price on shares of nVent Electric from $103.00 to $114.00 and gave the stock an “overweight” rating in a research note on Tuesday, October 14th. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of nVent Electric in a research report on Monday. Roth Capital reiterated a “buy” rating and set a $130.00 target price (up from $115.00) on shares of nVent Electric in a research report on Monday, November 3rd. UBS Group initiated coverage on nVent Electric in a research note on Thursday, November 20th. They issued a “buy” rating and a $128.00 price target on the stock. Finally, Citigroup upped their price objective on shares of nVent Electric from $114.00 to $131.00 and gave the company a “buy” rating in a research note on Monday, November 3rd.

Insider Activity at nVent Electric

In other nVent Electric news, EVP Lynnette R. Heath sold 32,943 shares of nVent Electric stock in a transaction on Monday, November 3rd. The shares were sold at an average price of $113.04, for a total value of $3,723,876.72. Following the transaction, the executive vice president owned 30,562 shares in the company, valued at $3,454,728.48. This trade represents a 51.87% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Beth Wozniak sold 4,137 shares of the company’s stock in a transaction on Thursday, November 20th. The stock was sold at an average price of $110.35, for a total value of $456,517.95. Following the sale, the chief executive officer owned 47,984 shares of the company’s stock, valued at approximately $5,295,034.40. The trade was a 7.94% 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. 2.50% of the stock is currently owned by insiders.

Hedge Funds Weigh In On nVent Electric

A number of large investors have recently modified their holdings of the company. SVB Wealth LLC purchased a new stake in shares of nVent Electric during the 1st quarter worth about $25,000. Global Trust Asset Management LLC acquired a new position in nVent Electric during the third quarter valued at approximately $30,000. Root Financial Partners LLC purchased a new stake in nVent Electric during the third quarter worth approximately $31,000. Trust Co. of Vermont increased its position in shares of nVent Electric by 57.8% in 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 in the last quarter. Finally, True Wealth Design LLC raised its stake in shares of nVent Electric by 1,202.9% in the 2nd quarter. True Wealth Design LLC now owns 443 shares of the company’s stock valued at $32,000 after acquiring an additional 409 shares during the period. 90.05% of the stock is currently owned by hedge funds and other institutional investors.

nVent Electric Stock Down 0.2%

NVT opened at $105.42 on Friday. The firm has a market cap of $17.01 billion, a P/E ratio of 29.04, a PEG ratio of 1.46 and a beta of 1.32. The business’s fifty day simple moving average is $103.21 and its 200 day simple moving average is $88.13. nVent Electric has a 52 week low of $41.71 and a 52 week high of $117.52. 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 analysts’ consensus estimates of $0.88 by $0.03. nVent Electric had a net margin of 16.83% and a return on equity of 14.29%. The company had revenue of $1.05 billion for the quarter, compared to analyst estimates of $1.01 billion. During the same period in the prior year, the firm earned $0.63 EPS. The firm’s quarterly revenue 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. As a group, equities research analysts anticipate that nVent Electric will post 3.04 EPS for the current fiscal year.

nVent Electric Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, November 7th. Investors of record on Friday, October 17th were given a dividend of $0.20 per share. The ex-dividend date of this dividend was Friday, October 17th. This represents a $0.80 annualized dividend and a yield of 0.8%. nVent Electric’s dividend payout ratio is 22.04%.

nVent Electric Company Profile

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.