Roth Capital Upgrades nVent Electric (NYSE:NVT) to Strong-Buy

Roth Capital upgraded shares of nVent Electric (NYSE:NVT - Free Report) to a strong-buy rating in a research report sent to investors on Tuesday morning,Zacks.com reports. Roth Capital also issued estimates for nVent Electric's Q2 2025 earnings at $0.79 EPS, Q3 2025 earnings at $0.85 EPS, Q4 2025 earnings at $0.81 EPS, FY2025 earnings at $3.12 EPS, Q1 2026 earnings at $0.82 EPS, Q2 2026 earnings at $0.89 EPS, Q3 2026 earnings at $0.94 EPS, Q4 2026 earnings at $0.90 EPS, FY2026 earnings at $3.54 EPS and FY2027 earnings at $3.86 EPS.

Other equities research analysts also recently issued reports about the company. Wall Street Zen upgraded nVent Electric from a "hold" rating to a "buy" rating in a report on Saturday, July 12th. Citigroup boosted 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. Royal Bank Of Canada boosted their price target on nVent Electric from $73.00 to $75.00 and gave the company an "outperform" rating in a report on Monday, May 5th. KeyCorp boosted their price target on nVent Electric from $78.00 to $84.00 and gave the company an "overweight" rating in a report on Tuesday, July 15th. Finally, The Goldman Sachs Group boosted their price target on nVent Electric from $78.00 to $87.00 and gave the company a "buy" rating in a report on Monday, July 7th. Seven analysts have rated the stock with a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of "Buy" and a consensus target price of $81.57.

nVent Electric Stock Up 2.0%

Shares of NYSE:NVT traded up $1.57 during mid-day trading on Tuesday, hitting $78.66. 1,984,979 shares of the company traded hands, compared to its average volume of 1,806,810. The firm has a market cap of $12.95 billion, a P/E ratio of 26.40, a PEG ratio of 1.53 and a beta of 1.31. The company has a debt-to-equity ratio of 0.48, a quick ratio of 2.42 and a current ratio of 2.87. nVent Electric has a 52-week low of $41.71 and a 52-week high of $81.20. The firm's 50 day simple moving average is $70.69 and its 200 day simple moving average is $63.68.

nVent Electric (NYSE:NVT - Get Free Report) last posted its quarterly earnings data on Friday, May 2nd. The company reported $0.67 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.66 by $0.01. nVent Electric had a return on equity of 13.54% and a net margin of 18.22%. The company had revenue of $809.30 million for the quarter, compared to the consensus estimate of $790.74 million. During the same period in the previous year, the business earned $0.78 EPS. nVent Electric's revenue for the quarter was up 10.5% compared to the same quarter last year. On average, equities analysts anticipate that nVent Electric will post 3.04 EPS for the current year.

nVent Electric Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, August 1st. Shareholders of record on Friday, July 18th will be given a dividend of $0.20 per share. The ex-dividend date of this dividend is Friday, July 18th. This represents a $0.80 dividend on an annualized basis and a yield of 1.02%. nVent Electric's dividend payout ratio (DPR) is presently 22.86%.

Insider Transactions at nVent Electric

In other nVent Electric news, EVP Lynnette R. Heath sold 4,041 shares of the business's stock in a transaction on Thursday, May 8th. The stock was sold at an average price of $61.35, for a total transaction of $247,915.35. Following the completion of the transaction, the executive vice president owned 32,665 shares in the company, valued at approximately $2,003,997.75. The trade was a 11.01% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Company insiders own 1.80% of the company's stock.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in NVT. Capital Research Global Investors acquired a new stake in shares of nVent Electric in the fourth quarter valued at $384,749,000. Nuveen LLC acquired a new stake in shares of nVent Electric during the first quarter worth $229,615,000. Norges Bank acquired a new stake in shares of nVent Electric during the fourth quarter worth $197,434,000. Millennium Management LLC raised its position in shares of nVent Electric by 743.7% during the fourth quarter. Millennium Management LLC now owns 2,215,624 shares of the company's stock worth $151,017,000 after purchasing an additional 1,953,026 shares during the period. Finally, American Century Companies Inc. raised its position in shares of nVent Electric by 1,869.8% during the first quarter. American Century Companies Inc. now owns 1,462,840 shares of the company's stock worth $76,682,000 after purchasing an additional 1,388,578 shares during the period. 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.