nVent Electric (NYSE:NVT) Price Target Raised to $111.00 at The Goldman Sachs Group

Key Points

• Goldman Sachs raised its price target for nVent Electric from $99.00 to $111.00, indicating a potential upside of 16.10% from the current price.
• Insider trading activity included significant stock sales by executives, with total sales amounting to over $23 million in the past three months.
• nVent Electric reported earnings of $0.86 per share for the last quarter, surpassing analysts' expectations and reflecting a year-over-year revenue increase of 30.1%.

nVent Electric (NYSE:NVT - Get Free Report) had its price objective boosted by research analysts at The Goldman Sachs Group from $99.00 to $111.00 in a research note issued to investors on Tuesday,Benzinga reports. The brokerage presently has a "buy" rating on the stock. The Goldman Sachs Group's target price points to a potential upside of 16.10% from the company's current price.

Several other analysts have also recently commented on the stock. KeyCorp boosted their price target on shares of nVent Electric from $78.00 to $84.00 and gave the stock an "overweight" rating in a research note on Tuesday, July 15th. Royal Bank Of Canada reiterated an "outperform" rating and issued a $102.00 target price (up from $85.00) on shares of nVent Electric in a research report on Monday, August 4th. Citigroup increased their price target on nVent Electric from $69.00 to $86.00 and gave the company a "buy" rating in a research note on Monday, July 14th. Barclays reaffirmed an "overweight" rating on shares of nVent Electric in a research note on Monday, August 4th. Finally, Wall Street Zen upgraded nVent Electric from a "hold" rating to a "buy" rating in a research report on Saturday, July 12th. One equities research analyst has rated the stock with a Strong Buy rating and seven have given a Buy rating to the company. According to MarketBeat.com, nVent Electric currently has a consensus rating of "Buy" and a consensus price target of $90.43.

nVent Electric Price Performance

NYSE NVT traded down $0.74 during trading hours on Tuesday, reaching $95.61. The company's stock had a trading volume of 552,733 shares, compared to its average volume of 2,120,364. nVent Electric has a 1 year low of $41.71 and a 1 year high of $97.52. The company has a quick ratio of 1.20, a current ratio of 1.67 and a debt-to-equity ratio of 0.50. The company has a market capitalization of $15.39 billion, a price-to-earnings ratio of 27.21, a PEG ratio of 1.48 and a beta of 1.39. The firm's 50-day moving average price is $85.58 and its 200-day moving average price is $69.28.

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, beating analysts' consensus estimates of $0.79 by $0.07. The business had revenue of $963.10 million during the quarter, compared to analyst estimates of $906.96 million. nVent Electric had a net margin of 17.72% and a return on equity of 13.36%. The company's revenue was up 30.1% on a year-over-year basis. During the same period last year, the firm posted $0.82 EPS. 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, equities research analysts predict that nVent Electric will post 3.04 EPS for the current fiscal year.

Insider Buying and Selling

In other nVent Electric news, insider Sara E. Zawoyski sold 22,109 shares of the business's stock in a transaction that occurred on Tuesday, August 5th. The stock was sold at an average price of $89.54, for a total transaction of $1,979,639.86. Following the completion of the transaction, the insider owned 66,640 shares in the company, valued at $5,966,945.60. The trade was a 24.91% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, EVP Aravind Padmanabhan sold 24,534 shares of the company's stock in a transaction that occurred on Tuesday, August 12th. The shares were sold at an average price of $90.00, for a total value of $2,208,060.00. Following the transaction, the executive vice president directly owned 12,063 shares in the company, valued at approximately $1,085,670. This represents a 67.04% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 261,111 shares of company stock worth $23,367,520 over the last three months. 1.80% of the stock is currently owned by company insiders.

Institutional Trading of nVent Electric

Institutional investors and hedge funds have recently made changes to their positions in the business. Nuveen LLC bought a new stake in nVent Electric during the 1st quarter valued at about $229,615,000. Norges Bank purchased a new position in shares of nVent Electric during the second quarter worth approximately $234,290,000. Massachusetts Financial Services Co. MA raised its stake in shares of nVent Electric by 146.0% during the second quarter. Massachusetts Financial Services Co. MA now owns 3,195,543 shares of the company's stock valued at $234,074,000 after acquiring an additional 1,896,749 shares in the last quarter. American Century Companies Inc. boosted its holdings in shares of nVent Electric by 1,869.8% in the first quarter. American Century Companies Inc. now owns 1,462,840 shares of the company's stock valued at $76,682,000 after purchasing an additional 1,388,578 shares during the period. Finally, Merewether Investment Management LP bought a new position in nVent Electric in the second quarter worth approximately $78,222,000. 90.05% of the stock is currently owned by institutional investors.

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.

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