nVent Electric (NYSE:NVT) Earns Hold (C+) Rating from Weiss Ratings

Key Points

• Weiss Ratings has reissued a "hold (C+)" rating for nVent Electric (NYSE:NVT), while several other analysts have given it varying ratings, including multiple "buy" ratings and a consensus target price of $95.43.
• nVent Electric reported $963.10 million in revenue for the last quarter, exceeding estimates, and showed a year-over-year revenue increase of 30.1%.
• CEO Beth Wozniak sold over 42,000 shares of nVent Electric, reducing her ownership by nearly 46.25%, indicating possible insider concerns amidst recent trading activity.

nVent Electric (NYSE:NVT - Get Free Report)'s stock had its "hold (c+)" rating reissued by equities researchers at Weiss Ratings in a report released on Wednesday,Weiss Ratings reports.

Other equities analysts also recently issued reports about the company. Roth Capital restated a "buy" rating and set a $100.00 price target (up from $89.00) on shares of nVent Electric in a report on Monday, August 4th. Citigroup raised their price target on nVent Electric from $69.00 to $86.00 and gave the company a "buy" rating in a report on Monday, July 14th. Barclays raised their price target on nVent Electric from $100.00 to $115.00 and gave the company an "overweight" rating in a report on Wednesday, October 1st. Royal Bank Of Canada reiterated an "outperform" rating and issued a $102.00 price objective (up from $85.00) on shares of nVent Electric in a report on Monday, August 4th. Finally, The Goldman Sachs Group lifted their price objective on nVent Electric from $99.00 to $111.00 and gave the stock a "buy" rating in a report on Tuesday, September 16th. One equities research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat.com, nVent Electric has a consensus rating of "Buy" and an average target price of $95.43.

nVent Electric Stock Down 0.1%

NYSE:NVT traded down $0.07 during mid-day trading on Wednesday, hitting $98.65. 64,340 shares of the company's stock were exchanged, compared to its average volume of 2,097,963. nVent Electric has a one year low of $41.71 and a one year high of $101.76. The company has a debt-to-equity ratio of 0.50, a current ratio of 1.67 and a quick ratio of 1.20. The business has a fifty day moving average price of $92.96 and a 200 day moving average price of $74.05. The company has a market cap of $15.88 billion, a PE ratio of 28.10, a P/E/G ratio of 1.43 and a beta of 1.38.

nVent Electric (NYSE:NVT - Get Free Report) last posted its quarterly earnings data on Friday, August 1st. The company reported $0.86 EPS for the quarter, topping the consensus estimate of $0.79 by $0.07. nVent Electric had a net margin of 17.72% and a return on equity of 13.36%. The business had revenue of $963.10 million for the quarter, compared to analyst estimates of $906.96 million. During the same quarter in the previous year, the firm posted $0.82 earnings per share. nVent Electric's quarterly revenue was up 30.1% on a year-over-year basis. nVent Electric has set its Q3 2025 guidance at 0.860-0.880 EPS. FY 2025 guidance at 3.220-3.300 EPS. Equities analysts predict that nVent Electric will post 3.04 EPS for the current year.

Insiders Place Their Bets

In other nVent Electric news, CEO Beth Wozniak sold 42,331 shares of the firm's stock in a transaction dated Monday, August 18th. The stock was sold at an average price of $89.21, for a total value of $3,776,348.51. Following the transaction, the chief executive officer directly owned 49,196 shares of the company's stock, valued at approximately $4,388,775.16. This trade represents a 46.25% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Herbert K. Parker sold 20,597 shares of the firm's stock in a transaction dated Monday, August 4th. The stock was sold at an average price of $89.88, for a total value of $1,851,258.36. Following the completion of the transaction, the director directly owned 15,070 shares in the company, valued at $1,354,491.60. The trade was a 57.75% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 261,111 shares of company stock valued at $23,367,520. 1.80% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the stock. PFG Investments LLC grew its stake in shares of nVent Electric by 2.7% during the 2nd quarter. PFG Investments LLC now owns 5,020 shares of the company's stock valued at $368,000 after acquiring an additional 132 shares during the period. Alliance Wealth Advisors LLC UT grew its stake in shares of nVent Electric by 1.1% during the 1st quarter. Alliance Wealth Advisors LLC UT now owns 14,192 shares of the company's stock valued at $744,000 after acquiring an additional 159 shares during the period. Trust Co. of Vermont grew its stake in shares of nVent Electric by 57.8% during the 2nd quarter. Trust Co. of Vermont now owns 434 shares of the company's stock valued at $32,000 after acquiring an additional 159 shares during the period. Coldstream Capital Management Inc. grew its stake in shares of nVent Electric by 1.2% during the 2nd quarter. Coldstream Capital Management Inc. now owns 13,917 shares of the company's stock valued at $1,019,000 after acquiring an additional 169 shares during the period. Finally, Davis R M Inc. grew its stake in shares of nVent Electric by 4.0% during the 1st quarter. Davis R M Inc. now owns 5,200 shares of the company's stock valued at $273,000 after acquiring an additional 200 shares during the period. 90.05% of the stock is currently owned by institutional investors.

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.

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