nVent Electric FY2025 EPS Forecast Boosted by William Blair

nVent Electric plc (NYSE:NVT - Free Report) - Equities researchers at William Blair raised their FY2025 earnings per share estimates for shares of nVent Electric in a research note issued on Monday, May 5th. William Blair analyst B. Drab now forecasts that the company will post earnings of $3.08 per share for the year, up from their previous forecast of $3.04. The consensus estimate for nVent Electric's current full-year earnings is $3.04 per share.

nVent Electric (NYSE:NVT - Get Free Report) last announced its quarterly earnings results on Friday, May 2nd. The company reported $0.67 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.66 by $0.01. The business had revenue of $809.30 million during the quarter, compared to analyst estimates of $790.74 million. nVent Electric had a return on equity of 14.52% and a net margin of 10.09%. The firm's revenue was up 10.5% on a year-over-year basis. During the same period in the previous year, the company earned $0.78 EPS.

Other equities research analysts have also issued reports about the company. Seaport Res Ptn upgraded nVent Electric from a "hold" rating to a "strong-buy" rating in a report on Friday, March 21st. Citigroup reduced their target price on nVent Electric from $85.00 to $59.00 and set a "buy" rating for the company in a report on Monday, April 14th. The Goldman Sachs Group reduced their target price on nVent Electric from $86.00 to $74.00 and set a "buy" rating for the company in a report on Wednesday, April 2nd. Royal Bank of Canada boosted their target price on nVent Electric from $73.00 to $75.00 and gave the stock an "outperform" rating in a report on Monday, May 5th. Finally, CL King upgraded nVent Electric from a "neutral" rating to a "buy" rating and set a $70.00 target price for the company in a report on Monday, March 17th. Six equities research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, nVent Electric has an average rating of "Buy" and an average price target of $70.00.

nVent Electric Stock Up 3.3%

Shares of nVent Electric stock traded up $2.17 during trading on Thursday, hitting $68.71. 2,495,651 shares of the stock traded hands, compared to its average volume of 1,922,443. The stock has a market cap of $11.31 billion, a P/E ratio of 35.06, a PEG ratio of 1.48 and a beta of 1.24. The company has a debt-to-equity ratio of 0.65, a quick ratio of 1.28 and a current ratio of 1.73. nVent Electric has a twelve month low of $41.71 and a twelve month high of $86.57. The company has a fifty day moving average price of $54.07 and a two-hundred day moving average price of $64.76.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in NVT. Capital Research Global Investors bought a new stake in shares of nVent Electric during the fourth quarter valued at approximately $384,749,000. Nuveen LLC bought a new stake in shares of nVent Electric during the first quarter valued at approximately $229,615,000. Norges Bank bought a new stake in shares of nVent Electric during the fourth quarter valued at approximately $197,434,000. William Blair Investment Management LLC grew its position in nVent Electric by 8.8% in the fourth quarter. William Blair Investment Management LLC now owns 2,591,405 shares of the company's stock valued at $176,630,000 after acquiring an additional 210,690 shares during the period. Finally, Clean Energy Transition LLP grew its position in nVent Electric by 6.8% in the first quarter. Clean Energy Transition LLP now owns 2,260,068 shares of the company's stock valued at $118,473,000 after acquiring an additional 144,403 shares during the period. 90.05% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other nVent Electric news, EVP Lynnette R. Heath sold 4,041 shares of nVent Electric stock in a transaction that occurred on Thursday, May 8th. The stock was sold at an average price of $61.35, for a total value of $247,915.35. Following the transaction, the executive vice president now directly owns 32,665 shares of the company's stock, valued at $2,003,997.75. The trade was a 11.01% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Company insiders own 1.80% of the company's stock.

nVent Electric Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, May 9th. Shareholders of record on Friday, April 25th were given a $0.20 dividend. This represents a $0.80 annualized dividend and a yield of 1.16%. The ex-dividend date was Friday, April 25th. nVent Electric's dividend payout ratio is currently 22.86%.

About nVent Electric

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.