nVent Electric (NYSE:NVT) Stock Rating Upgraded by Wells Fargo & Company

Key Points

• Wells Fargo upgraded nVent Electric to “Hold”, while the broader analyst consensus remains “Buy,” with a consensus price target of $198.67.
• nVent reported strong quarterly results, earning $1.45 per share versus the $1.16 estimate and generating $1.47 billion in revenue, up 52.8% year over year.
• The stock opened at $164.30, up 0.9%, while insiders have sold approximately $12.3 million worth of shares over the past 90 days; institutional investors own 90.05% of the company.

nVent Electric (NYSE:NVT - Get Free Report) was upgraded by equities research analysts at Wells Fargo & Company to a "hold" rating in a research note issued on Thursday, Zacks reports.

NVT has been the subject of a number of other reports. Robert W. Baird lifted their price target on nVent Electric from $188.00 to $200.00 and gave the company an "outperform" rating in a report on Monday, August 3rd. Roth Capital reissued a "buy" rating and set a $210.00 price objective (up from $195.00) on shares of nVent Electric in a report on Tuesday, August 25th. Seaport Research Partners restated a "buy" rating and issued a $215.00 price objective on shares of nVent Electric in a research report on Monday, August 3rd. Clear Str raised shares of nVent Electric to a "strong-buy" rating in a research note on Monday, July 13th. Finally, Royal Bank Of Canada upped their target price on shares of nVent Electric from $193.00 to $200.00 and gave the stock an "outperform" rating in a research report on Monday, August 3rd. Three investment analysts have rated the stock with a Strong Buy rating, fourteen have given a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of "Buy" and a consensus price target of $198.67.

nVent Electric Stock Up 0.9%

NYSE NVT opened at $164.30 on Thursday. The stock's 50 day simple moving average is $156.87 and its 200 day simple moving average is $151.48. nVent Electric has a one year low of $93.22 and a one year high of $184.64. The firm has a market cap of $26.59 billion, a PE ratio of 44.89, a price-to-earnings-growth ratio of 1.37 and a beta of 1.36. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.80 and a quick ratio of 1.33.

nVent Electric (NYSE:NVT - Get Free Report) last issued its quarterly earnings data on Friday, July 31st. The company reported $1.45 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.16 by $0.29. The firm had revenue of $1.47 billion during the quarter, compared to the consensus estimate of $1.26 billion. nVent Electric had a return on equity of 18.85% and a net margin of 12.38%.The business's revenue for the quarter was up 52.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.86 EPS. nVent Electric has set its Q3 2026 guidance at 1.350-1.380 EPS and its FY 2026 guidance at 5.000-5.100 EPS. As a group, sell-side analysts forecast that nVent Electric will post 5.13 earnings per share for the current fiscal year.

Insider Activity at nVent Electric

In other nVent Electric news, CEO Beth Wozniak sold 46,261 shares of the business's stock in a transaction dated Wednesday, August 5th. The stock was sold at an average price of $164.42, for a total transaction of $7,606,233.62. Following the completion of the sale, the chief executive officer directly owned 55,612 shares of the company's stock, valued at approximately $9,143,725.04. The trade was a 45.41% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Der Kolk Robert J. Van sold 5,858 shares of the company's stock in a transaction dated Monday, August 10th. The shares were sold at an average price of $164.32, for a total transaction of $962,586.56. Following the transaction, the insider owned 27,387 shares in the company, valued at approximately $4,500,231.84. The trade was a 17.62% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 74,644 shares of company stock worth $12,276,886 over the last 90 days. Insiders own 1.70% of the company's stock.

Institutional Investors Weigh In On nVent Electric

Institutional investors have recently modified their holdings of the business. State Street Corp lifted its holdings in nVent Electric by 4.9% in the second quarter. State Street Corp now owns 5,313,122 shares of the company's stock valued at $901,159,000 after buying an additional 250,248 shares during the period. Geode Capital Management LLC grew its holdings in nVent Electric by 7.5% during the 4th quarter. Geode Capital Management LLC now owns 3,125,289 shares of the company's stock worth $318,752,000 after acquiring an additional 217,485 shares during the period. Norges Bank acquired a new stake in nVent Electric during the 4th quarter worth $245,955,000. Bank of New York Mellon Corp raised its position in shares of nVent Electric by 3.5% during the 1st quarter. Bank of New York Mellon Corp now owns 2,018,579 shares of the company's stock valued at $238,758,000 after acquiring an additional 68,818 shares during the last quarter. Finally, First Trust Advisors LP raised its position in shares of nVent Electric by 32.8% during the 1st quarter. First Trust Advisors LP now owns 1,696,369 shares of the company's stock valued at $200,647,000 after acquiring an additional 419,239 shares during the last quarter. Institutional investors and hedge funds own 90.05% of the company's stock.

nVent Electric Company Profile

nVent Electric plc NYSE: NVT is a global provider of electrical connection and protection solutions. The company designs and manufactures products that help protect electrical and electronic systems, manage heat, and support the installation and operation of electrical infrastructure across industrial, commercial, residential, data center, energy and infrastructure applications.

Its product portfolio includes electrical and electronic enclosures, thermal-management systems, cable-management products, grounding and bonding equipment, electrical connections, fastening systems and other installation solutions.

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