nVent Electric PLC (NYSE:NVT) Given Average Recommendation of "Buy" by Brokerages

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 given a consensus rating of "Buy" by the eight research firms that are covering the stock, Marketbeat reports. Seven analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. The average twelve-month price objective among brokers that have updated their coverage on the stock in the last year is $87.00.

Several equities research analysts have recently commented on the company. Wall Street Zen raised nVent Electric from a "hold" rating to a "buy" rating in a research note on Saturday, July 12th. Citigroup boosted their price target on nVent Electric from $69.00 to $86.00 and gave the stock a "buy" rating in a research note on Monday, July 14th. Roth Capital reaffirmed a "buy" rating and issued a $100.00 target price (up previously from $89.00) on shares of nVent Electric in a research note on Monday, August 4th. KeyCorp upped their target price on nVent Electric from $78.00 to $84.00 and gave the company an "overweight" rating in a research note on Tuesday, July 15th. Finally, Royal Bank Of Canada reaffirmed an "outperform" rating and issued a $102.00 target price (up previously from $85.00) on shares of nVent Electric in a research note on Monday, August 4th.

nVent Electric Price Performance

Shares of NYSE:NVT opened at $94.88 on Friday. The business's 50 day simple moving average is $85.14 and its 200-day simple moving average is $68.97. The firm has a market capitalization of $15.27 billion, a price-to-earnings ratio of 27.03, a price-to-earnings-growth ratio of 1.49 and a beta of 1.39. The company has a debt-to-equity ratio of 0.50, a current ratio of 1.67 and a quick ratio of 1.20. nVent Electric has a 12 month low of $41.71 and a 12 month high of $96.62.

nVent Electric (NYSE:NVT - Get Free Report) last announced its quarterly earnings results on Friday, August 1st. The company reported $0.86 EPS for the quarter, topping the consensus estimate of $0.79 by $0.07. The business 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 company's quarterly revenue was up 30.1% on a year-over-year basis. During the same quarter in the previous 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. As a group, equities analysts forecast that nVent Electric will post 3.04 earnings per share for the current fiscal year.

Insider Transactions at nVent Electric

In related news, CEO Beth Wozniak sold 42,331 shares of the company's stock in a transaction that occurred on 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 sale, the chief executive officer owned 49,196 shares of the company's stock, valued at approximately $4,388,775.16. This represents a 46.25% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 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 completion of the sale, the executive vice president directly owned 12,063 shares in the company, valued at approximately $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 in the last quarter. Insiders own 1.80% of the company's stock.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the business. PFG Investments LLC raised its holdings in nVent Electric by 2.7% in the 2nd quarter. PFG Investments LLC now owns 5,020 shares of the company's stock valued at $368,000 after acquiring an additional 132 shares during the last quarter. Alliance Wealth Advisors LLC UT raised its holdings in nVent Electric by 1.1% in the 1st quarter. Alliance Wealth Advisors LLC UT now owns 14,192 shares of the company's stock valued at $744,000 after acquiring an additional 159 shares during the last quarter. Trust Co. of Vermont increased its holdings in shares of nVent Electric by 57.8% during the 2nd quarter. Trust Co. of Vermont now owns 434 shares of the company's stock worth $32,000 after buying an additional 159 shares during the last quarter. Coldstream Capital Management Inc. increased its holdings in shares of nVent Electric by 1.2% during the 2nd quarter. Coldstream Capital Management Inc. now owns 13,917 shares of the company's stock worth $1,019,000 after buying an additional 169 shares during the last quarter. Finally, Davis R M Inc. increased its holdings in shares of nVent Electric by 4.0% during the 1st quarter. Davis R M Inc. now owns 5,200 shares of the company's stock worth $273,000 after buying an additional 200 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.

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