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

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 - Free Report) had its target price raised by The Goldman Sachs Group from $99.00 to $111.00 in a research note released on Tuesday,Benzinga reports. The Goldman Sachs Group currently has a buy rating on the stock.

A number of other brokerages have also weighed in on NVT. Roth Capital reaffirmed a "buy" rating and issued a $100.00 price target (up previously from $89.00) on shares of nVent Electric in a research note on Monday, August 4th. Barclays reissued an "overweight" rating on shares of nVent Electric in a research report on Monday, August 4th. Citigroup boosted their price objective on shares of nVent Electric from $69.00 to $86.00 and gave the stock a "buy" rating in a research report on Monday, July 14th. KeyCorp boosted their price objective on shares of nVent Electric from $78.00 to $84.00 and gave the stock an "overweight" rating in a research report on Tuesday, July 15th. Finally, Wall Street Zen raised shares of nVent Electric from a "hold" rating to a "buy" rating in a research report on Saturday, July 12th. One research analyst has rated the stock with a Strong Buy rating and seven have issued a Buy rating to the company's stock. According to MarketBeat, the company presently has a consensus rating of "Buy" and a consensus price target of $90.43.

nVent Electric Price Performance

NVT traded up $0.36 during midday trading on Tuesday, hitting $99.01. The company had a trading volume of 3,830,151 shares, compared to its average volume of 1,523,043. The company has a debt-to-equity ratio of 0.50, a quick ratio of 1.20 and a current ratio of 1.67. The company has a market capitalization of $15.94 billion, a PE ratio of 28.21, a P/E/G ratio of 1.54 and a beta of 1.39. nVent Electric has a twelve month low of $41.71 and a twelve month high of $99.44. The firm's 50-day simple moving average is $87.40 and its 200-day simple moving average is $70.25.

nVent Electric (NYSE:NVT - Get Free Report) last announced its quarterly earnings results on Friday, August 1st. The company reported $0.86 earnings per share for the quarter, beating analysts' consensus estimates of $0.79 by $0.07. nVent Electric had a net margin of 17.72% and a return on equity of 13.36%. The firm 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. The business's 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 research analysts predict that nVent Electric will post 3.04 EPS for the current fiscal year.

Insider Transactions at nVent Electric

In other nVent Electric news, EVP Aravind Padmanabhan sold 24,534 shares of the company's stock in a transaction 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 $1,085,670. The trade was a 67.04% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Jon D. Lammers sold 119,694 shares of the company's stock in a transaction dated Monday, August 4th. The shares were sold at an average price of $89.48, for a total transaction of $10,710,219.12. Following the completion of the transaction, the executive vice president owned 70,817 shares in the company, valued at $6,336,705.16. This trade represents a 62.83% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 261,111 shares of company stock valued at $23,367,520. Corporate insiders own 1.80% of the company's stock.

Hedge Funds Weigh In On nVent Electric

Several institutional investors and hedge funds have recently modified their holdings of NVT. SVB Wealth LLC acquired a new stake in nVent Electric during the first quarter worth about $25,000. Capital A Wealth Management LLC acquired a new stake in shares of nVent Electric in the 4th quarter valued at approximately $27,000. Whipplewood Advisors LLC raised its holdings in nVent Electric by 467.3% in the 1st quarter. Whipplewood Advisors LLC now owns 607 shares of the company's stock valued at $32,000 after buying an additional 500 shares during the last quarter. Trust Co. of Vermont raised its holdings in nVent Electric by 57.8% in the 2nd quarter. Trust Co. of Vermont now owns 434 shares of the company's stock valued at $32,000 after buying an additional 159 shares during the last quarter. Finally, True Wealth Design LLC raised its holdings in nVent Electric by 1,202.9% in the 2nd quarter. True Wealth Design LLC now owns 443 shares of the company's stock valued at $32,000 after buying an additional 409 shares during the last quarter. 90.05% of the stock is currently owned by institutional investors and hedge funds.

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.