nVent Electric PLC (NYSE:NVT) Receives Average Recommendation of "Buy" from Brokerages

Key Points

• nVent Electric PLC (NYSE:NVT) has received a consensus recommendation of "Buy" from eight brokerages, with an average target price of $87.00.
• Insiders have sold a significant amount of shares recently, with executive Lynnette R. Heath selling over 17,000 shares, reflecting a 36.91% decrease in her holdings.
• In its latest quarterly earnings report, nVent Electric reported an earnings per share (EPS) of $0.86, exceeding expectations and showing a 30.1% year-over-year increase in revenue.

Shares of nVent Electric PLC (NYSE:NVT - Get Free Report) have been assigned a consensus recommendation of "Buy" from the eight ratings firms that are presently covering the company, Marketbeat reports. Seven equities research 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 brokerages that have covered the stock in the last year is $87.00.

Several equities research analysts have commented on NVT shares. KeyCorp boosted 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. Barclays reaffirmed an "overweight" rating on shares of nVent Electric in a research report on Monday, August 4th. Citigroup boosted their price target on nVent Electric from $69.00 to $86.00 and gave the stock a "buy" rating in a research report on Monday, July 14th. Royal Bank Of Canada reaffirmed an "outperform" rating and set a $102.00 price target (up previously from $85.00) on shares of nVent Electric in a research report on Monday, August 4th. Finally, Roth Capital reissued 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.

nVent Electric Stock Performance

Shares of NVT traded down $0.0330 during mid-day trading on Wednesday, hitting $88.0070. The company's stock had a trading volume of 1,196,093 shares, compared to its average volume of 2,373,148. nVent Electric has a one year low of $41.71 and a one year high of $92.75. 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 firm has a market capitalization of $14.16 billion, a PE ratio of 29.74, a price-to-earnings-growth ratio of 1.51 and a beta of 1.35. The stock's 50-day moving average is $78.76 and its two-hundred day moving average is $66.06.

nVent Electric (NYSE:NVT - Get Free Report) last released its quarterly earnings data on Friday, August 1st. The company reported $0.86 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.79 by $0.07. nVent Electric had a return on equity of 13.36% and a net margin of 17.72%.The firm had revenue of $963.10 million during the quarter, compared to analyst estimates of $906.96 million. During the same period in the prior year, the company posted $0.82 earnings per share. The business's revenue for the quarter was up 30.1% compared to the same quarter last year. 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, sell-side analysts anticipate that nVent Electric will post 3.04 EPS for the current year.

Insider Activity

In other nVent Electric news, insider Sara E. Zawoyski sold 22,109 shares of the firm's stock in a transaction on Tuesday, August 5th. The shares were sold at an average price of $89.54, for a total value of $1,979,639.86. Following the completion of the sale, the insider directly 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 transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP Lynnette R. Heath sold 17,853 shares of the business's stock in a transaction that occurred on Tuesday, August 5th. The shares were sold at an average price of $89.33, for a total value of $1,594,808.49. Following the sale, the executive vice president owned 30,512 shares of the company's stock, valued at approximately $2,725,636.96. This represents a 36.91% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 261,111 shares of company stock worth $23,367,520. 1.80% of the stock is owned by insiders.

Institutional Investors Weigh In On nVent Electric

Several large investors have recently added to or reduced their stakes in NVT. Nuveen LLC purchased a new stake in nVent Electric in the first quarter worth $229,615,000. Norges Bank bought a new position in shares of nVent Electric during the second quarter valued at $234,290,000. Massachusetts Financial Services Co. MA increased its stake in nVent Electric by 146.0% during the 2nd quarter. Massachusetts Financial Services Co. MA now owns 3,195,543 shares of the company's stock valued at $234,074,000 after purchasing an additional 1,896,749 shares in the last quarter. William Blair Investment Management LLC lifted its position in nVent Electric by 29.5% in the 2nd quarter. William Blair Investment Management LLC now owns 3,113,936 shares of the company's stock valued at $228,096,000 after acquiring an additional 709,464 shares in the last quarter. Finally, Champlain Investment Partners LLC lifted its position in nVent Electric by 26.8% in the 2nd quarter. Champlain Investment Partners LLC now owns 2,260,240 shares of the company's stock valued at $165,563,000 after acquiring an additional 477,135 shares in the last quarter. Institutional investors 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.