nVent Electric PLC to Issue Quarterly Dividend of $0.20 (NYSE:NVT)

Key Points

• nVent Electric PLC announced a quarterly dividend of $0.20 per share, with stockholders of record set to be paid on November 7th, representing a yield of 0.8%.
• The company reported $0.86 earnings per share for the last quarter, exceeding analyst expectations, and had revenues of $963.10 million, reflecting a 30.1% increase from the previous year.
• Several analysts have updated their ratings, with Goldman Sachs raising its target price from $99.00 to $111.00 and maintaining a "buy" rating on nVent Electric’s shares.

nVent Electric PLC (NYSE:NVT - Get Free Report) announced a quarterly dividend on Monday, September 22nd, RTT News reports. Shareholders of record on Friday, October 17th will be paid a dividend of 0.20 per share on Friday, November 7th. This represents a c) dividend on an annualized basis and a dividend yield of 0.8%. The ex-dividend date is Friday, October 17th.

nVent Electric has a payout ratio of 22.9% meaning its dividend is sufficiently covered by earnings. Analysts expect nVent Electric to earn $3.40 per share next year, which means the company should continue to be able to cover its $0.80 annual dividend with an expected future payout ratio of 23.5%.

nVent Electric Stock Performance

Shares of NYSE:NVT traded up $1.41 on Monday, hitting $100.40. 1,975,113 shares of the company were exchanged, compared to its average volume of 1,629,500. The company's 50 day moving average price is $87.91 and its two-hundred day moving average price is $70.77. The firm has a market capitalization of $16.16 billion, a price-to-earnings ratio of 28.60, a PEG ratio of 1.54 and a beta of 1.38. The company has a debt-to-equity ratio of 0.50, a quick ratio of 1.20 and a current ratio of 1.67. nVent Electric has a one year low of $41.71 and a one year high of $101.06.

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 for the quarter, beating 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 company had revenue of $963.10 million for the quarter, compared to analyst estimates of $906.96 million. During the same period in the prior year, the company posted $0.82 EPS. The company's revenue 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. Research analysts expect that nVent Electric will post 3.04 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on NVT. Roth Capital reiterated a "buy" rating and set a $100.00 target price (up previously from $89.00) on shares of nVent Electric in a report on Monday, August 4th. Royal Bank Of Canada reissued an "outperform" rating and issued a $102.00 target price (up previously from $85.00) on shares of nVent Electric in a research report on Monday, August 4th. The Goldman Sachs Group raised their price target on shares of nVent Electric from $99.00 to $111.00 and gave the stock a "buy" rating in a research note on Tuesday, September 16th. Wall Street Zen upgraded shares of nVent Electric from a "hold" rating to a "buy" rating in a report on Saturday, July 12th. Finally, KeyCorp increased their target price on shares of nVent Electric from $78.00 to $84.00 and gave the stock an "overweight" rating in a report on Tuesday, July 15th. One investment analyst has rated the stock with a Strong Buy rating and seven have given a Buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has an average rating of "Buy" and a consensus price target of $90.43.

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.