nVent Electric PLC (NYSE:NVT) Receives Consensus Rating of "Buy" from Analysts

Key Points

• nVent Electric PLC has received a consensus rating of "Buy" from eight research firms, with an average twelve-month price target of $87.00.
• The company reported a significant increase in quarterly revenue of 30.1% year-over-year, with earnings per share of $0.86 surpassing estimates.
• Insiders have sold a total of 261,111 shares worth approximately $23.37 million in the last quarter, indicating notable insider activity.

nVent Electric PLC (NYSE:NVT - Get Free Report) has been assigned a consensus recommendation of "Buy" from the eight ratings firms that are covering the stock, MarketBeat Ratings reports. Seven investment analysts have rated the stock with a buy recommendation and one has issued a strong buy recommendation on the company. The average 1 year price target among brokers that have issued a report on the stock in the last year is $90.4286.

A number of equities analysts have issued reports on NVT shares. The Goldman Sachs Group increased their target price on nVent Electric from $99.00 to $111.00 and gave the stock a "buy" rating in a report on Tuesday. Barclays reiterated an "overweight" rating on shares of nVent Electric in a report on Monday, August 4th. KeyCorp increased their target price on nVent Electric from $78.00 to $84.00 and gave the stock an "overweight" rating in a report on Tuesday, July 15th. Citigroup increased their target price on nVent Electric from $69.00 to $86.00 and gave the stock a "buy" rating in a report on Monday, July 14th. Finally, Wall Street Zen upgraded shares of nVent Electric from a "hold" rating to a "buy" rating in a research note on Saturday, July 12th.

Insider Buying and Selling

In other news, CEO Beth Wozniak sold 42,331 shares of the firm's stock in a transaction dated Monday, August 18th. The stock was sold at an average price of $89.21, for a total value of $3,776,348.51. Following the completion of the transaction, the chief executive officer owned 49,196 shares in the company, valued at $4,388,775.16. This trade represents a 46.25% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 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 value of $2,208,060.00. Following the completion of the transaction, the executive vice president owned 12,063 shares of the company's stock, valued at $1,085,670. The trade was a 67.04% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 261,111 shares of company stock worth $23,367,520 over the last three months. Company insiders own 1.80% of the company's stock.

Hedge Funds Weigh In On nVent Electric

Several hedge funds have recently modified their holdings of NVT. Capital A Wealth Management LLC acquired a new stake in nVent Electric in the 4th quarter valued at about $27,000. Trust Co. of Vermont lifted its stake 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 purchasing an additional 159 shares during the last quarter. Manchester Capital Management LLC lifted its stake in 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 during the last quarter. True Wealth Design LLC lifted its stake 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 purchasing an additional 409 shares during the last quarter. Finally, SVB Wealth LLC acquired a new stake in nVent Electric in the 1st quarter valued at about $25,000. Institutional investors own 90.05% of the company's stock.

nVent Electric Trading Up 2.3%

Shares of NVT traded up $2.19 during trading hours on Friday, reaching $98.65. The stock had a trading volume of 1,613,832 shares, compared to its average volume of 1,502,144. The company has a quick ratio of 1.20, a current ratio of 1.67 and a debt-to-equity ratio of 0.50. nVent Electric has a 52 week low of $41.71 and a 52 week high of $99.45. The firm has a 50-day moving average of $86.92 and a 200 day moving average of $69.95. The company has a market cap of $15.88 billion, a P/E ratio of 28.11, a P/E/G ratio of 1.50 and a beta of 1.39.

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

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.