nVent Electric (NYSE:NVT) Reaches New 12-Month High - Should You Buy?

Key Points

• nVent Electric shares reached a new 52-week high at $101.77 before settling at $98.55, with a trading volume of 116,220 shares.
• Analyst ratings have been positive, with Barclays increasing their price target from $100.00 to $115.00 and several analysts giving the stock a Buy or Outperform rating.
• The company declared a quarterly dividend of $0.20 per share, payable on November 7th, representing a 0.8% yield.

Shares of nVent Electric PLC (NYSE:NVT - Get Free Report) reached a new 52-week high on Thursday . The stock traded as high as $101.77 and last traded at $98.55, with a volume of 116220 shares. The stock had previously closed at $100.12.

Analyst Ratings Changes

NVT has been the subject of several research analyst reports. Barclays boosted their price objective on nVent Electric from $100.00 to $115.00 and gave the company an "overweight" rating in a research report on Wednesday. Royal Bank Of Canada restated an "outperform" rating and issued a $102.00 price target (up from $85.00) on shares of nVent Electric in a research note on Monday, August 4th. Wall Street Zen upgraded nVent Electric from a "hold" rating to a "buy" rating in a research note on Saturday, July 12th. Citigroup raised their target price on shares of nVent Electric from $69.00 to $86.00 and gave the company a "buy" rating in a research note on Monday, July 14th. Finally, Roth Capital restated a "buy" rating and set a $100.00 target price (up from $89.00) on shares of nVent Electric in a report on Monday, August 4th. One investment analyst has rated the stock with a Strong Buy rating and seven have issued a Buy rating to the company's stock. Based on data from MarketBeat, nVent Electric currently has an average rating of "Buy" and a consensus price target of $95.43.

nVent Electric Trading Down 1.6%

The business has a fifty day moving average price of $91.02 and a 200-day moving average price of $72.62. 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 cap of $15.85 billion, a P/E ratio of 28.08, a PEG ratio of 1.53 and a beta of 1.38.

nVent Electric (NYSE:NVT - Get Free Report) last announced its earnings results on Friday, August 1st. The company reported $0.86 earnings per share for the quarter, topping analysts' consensus estimates of $0.79 by $0.07. The company had revenue of $963.10 million for the quarter, compared to analyst estimates of $906.96 million. nVent Electric had a return on equity of 13.36% and a net margin of 17.72%.The firm's quarterly revenue was up 30.1% compared to the same quarter last year. During the same quarter last year, the company earned $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 forecast that nVent Electric PLC will post 3.04 earnings per share for the current year.

nVent Electric Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, November 7th. Investors of record on Friday, October 17th will be given a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a yield of 0.8%. The ex-dividend date of this dividend is Friday, October 17th. nVent Electric's dividend payout ratio (DPR) is currently 22.79%.

Insider Transactions at nVent Electric

In related news, insider Sara E. Zawoyski sold 22,109 shares of the firm's stock in a transaction on Tuesday, August 5th. The stock was sold at an average price of $89.54, for a total value of $1,979,639.86. Following the transaction, the insider owned 66,640 shares in the company, valued at approximately $5,966,945.60. This trade represents a 24.91% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Aravind Padmanabhan sold 24,534 shares of the firm's stock in a transaction dated 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 completion of 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 ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 261,111 shares of company stock worth $23,367,520. Company insiders own 1.80% of the company's stock.

Hedge Funds Weigh In On nVent Electric

A number of institutional investors have recently modified their holdings of the business. Trust Co. of Vermont boosted its stake in nVent Electric by 57.8% in the second quarter. Trust Co. of Vermont now owns 434 shares of the company's stock valued at $32,000 after buying an additional 159 shares in the last quarter. Manchester Capital Management LLC boosted its stake in shares of nVent Electric by 222.2% in the 2nd quarter. Manchester Capital Management LLC now owns 435 shares of the company's stock valued at $32,000 after purchasing an additional 300 shares in the last quarter. True Wealth Design LLC grew its holdings in shares of nVent Electric by 1,202.9% during the 2nd quarter. True Wealth Design LLC now owns 443 shares of the company's stock valued at $32,000 after purchasing an additional 409 shares during the last quarter. SVB Wealth LLC bought a new position in nVent Electric in the 1st quarter valued at approximately $25,000. Finally, Headlands Technologies LLC boosted its position in nVent Electric by 522.9% in the second quarter. Headlands Technologies LLC now owns 517 shares of the company's stock valued at $38,000 after buying an additional 434 shares in the last quarter. Institutional investors and hedge funds own 90.05% of the company's stock.

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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