nVent Electric (NYSE:NVT) Hits New 52-Week High - Here's What Happened

Key Points

• nVent Electric shares reached a new 52-week high of $96.62, closing at $94.98 with a trading volume of over 2.45 million shares on Thursday.
• Analysts have raised their price targets for nVent Electric, with projections now ranging from $87.00 to $102.00 following strong quarterly earnings, surpassing estimates.
• Insider selling has been notable, with executives reducing their holdings significantly; over 261,000 shares valued at approximately $23.4 million were sold in the last three months.

nVent Electric PLC (NYSE:NVT - Get Free Report) shares hit a new 52-week high on Thursday . The stock traded as high as $96.62 and last traded at $94.98, with a volume of 2456100 shares trading hands. The stock had previously closed at $91.44.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on the stock. Citigroup raised their price objective on shares of nVent Electric from $69.00 to $86.00 and gave the company a "buy" rating in a research report on Monday, July 14th. Barclays reaffirmed an "overweight" rating on shares of nVent Electric in a research report on Monday, August 4th. Wall Street Zen raised shares of nVent Electric from a "hold" rating to a "buy" rating in a research report on Saturday, July 12th. Royal Bank Of Canada reaffirmed an "outperform" rating and set a $102.00 price objective (up previously from $85.00) on shares of nVent Electric in a research report on Monday, August 4th. Finally, KeyCorp raised their price objective on shares of nVent Electric from $78.00 to $84.00 and gave the company an "overweight" rating in a research report on Tuesday, July 15th. One investment analyst has rated the stock with a Strong Buy rating and seven have given a Buy rating to the company. According to MarketBeat.com, the company currently has an average rating of "Buy" and a consensus price target of $87.00.

nVent Electric Stock Performance

The firm's 50 day moving average price is $85.58 and its 200-day moving average price is $69.28. The firm has a market cap of $15.29 billion, a price-to-earnings ratio of 27.06, a P/E/G ratio of 1.48 and a beta of 1.39. The company has a debt-to-equity ratio of 0.50, a current ratio of 1.67 and a quick ratio of 1.20.

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

Insiders Place Their Bets

In other nVent Electric news, EVP Aravind Padmanabhan sold 24,534 shares of nVent Electric stock in a transaction on Tuesday, August 12th. The shares were sold at an average price of $90.00, for a total transaction of $2,208,060.00. Following the sale, the executive vice president owned 12,063 shares in the company, valued at $1,085,670. The trade was a 67.04% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CAO Randolph A. Wacker sold 3,000 shares of nVent Electric stock in a transaction on Thursday, August 7th. The stock was sold at an average price of $89.09, for a total transaction of $267,270.00. Following the sale, the chief accounting officer owned 27,525 shares in the company, valued at $2,452,202.25. This represents a 9.83% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 261,111 shares of company stock valued at $23,367,520 in the last 90 days. 1.80% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On nVent Electric

Institutional investors have recently bought and sold shares of the business. SVB Wealth LLC acquired a new stake in nVent Electric during the first quarter worth $25,000. Capital A Wealth Management LLC acquired a new stake in nVent Electric during the fourth quarter worth $27,000. Whipplewood Advisors LLC boosted its stake in nVent Electric by 467.3% during the first quarter. Whipplewood Advisors LLC now owns 607 shares of the company's stock worth $32,000 after buying an additional 500 shares in the last quarter. Trust Co. of Vermont boosted its stake 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 buying an additional 159 shares in the last quarter. Finally, True Wealth Design LLC boosted its stake in nVent Electric by 1,202.9% during the second quarter. True Wealth Design LLC now owns 443 shares of the company's stock worth $32,000 after buying an additional 409 shares in the last quarter. Institutional investors and hedge funds own 90.05% of the company's stock.

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.