Weiss Ratings Reaffirms Hold (C+) Rating for nVent Electric (NYSE:NVT)

Key Points

• Weiss Ratings has reiterated a **Hold (C+)** rating for nVent Electric (NYSE:NVT), while a majority of analysts have given it a **Buy** rating with varying target prices.
• The company's stock has recently shown a **1.8% increase** and has a market capitalization of **$16.48 billion**, with a twelve-month high of **$104.30**.
• nVent Electric reported earnings of **$0.86 per share**, surpassing expectations and marking a **30.1% year-over-year revenue increase** for the quarter.

nVent Electric (NYSE:NVT - Get Free Report)'s stock had its "hold (c+)" rating reiterated by analysts at Weiss Ratings in a research report issued to clients and investors on Saturday,Weiss Ratings reports.

NVT has been the subject of several other reports. Wall Street Zen raised shares of nVent Electric from a "hold" rating to a "buy" rating in a research report on Saturday, July 12th. The Goldman Sachs Group raised their target price on shares of nVent Electric from $99.00 to $111.00 and gave the stock a "buy" rating in a research report on Tuesday, September 16th. KeyCorp raised their target price on shares of nVent Electric from $103.00 to $114.00 and gave the stock an "overweight" rating in a research report on Tuesday, October 14th. Royal Bank Of Canada reaffirmed an "outperform" rating and issued a $102.00 target price (up from $85.00) on shares of nVent Electric in a research report on Monday, August 4th. Finally, Barclays lifted their price target on shares of nVent Electric from $100.00 to $115.00 and gave the company an "overweight" rating in a research report on Wednesday, October 1st. One equities research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Buy" and a consensus target price of $99.71.

nVent Electric Trading Up 1.8%

Shares of NVT opened at $102.39 on Friday. The stock has a market capitalization of $16.48 billion, a P/E ratio of 29.17, a PEG ratio of 1.52 and a beta of 1.38. The company has a quick ratio of 1.20, a current ratio of 1.67 and a debt-to-equity ratio of 0.50. The firm has a fifty day simple moving average of $95.53 and a two-hundred day simple moving average of $78.19. nVent Electric has a twelve month low of $41.71 and a twelve month high of $104.30.

nVent Electric (NYSE:NVT - Get Free Report) last announced its quarterly earnings results 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. The business had revenue of $963.10 million during the quarter, compared to analysts' expectations of $906.96 million. nVent Electric had a net margin of 17.72% and a return on equity of 13.36%. The firm's revenue for the quarter was up 30.1% compared to the same quarter last year. During the same quarter in the prior year, the company posted $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, research analysts anticipate that nVent Electric will post 3.04 EPS for the current year.

Insider Transactions at nVent Electric

In other news, CAO Randolph A. Wacker sold 3,000 shares of nVent Electric stock in a transaction that occurred on Thursday, August 7th. The shares were sold at an average price of $89.09, for a total value of $267,270.00. Following the completion of the sale, the chief accounting officer directly owned 27,525 shares in the company, valued at $2,452,202.25. The trade was a 9.83% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Beth Wozniak sold 42,331 shares of the firm'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 transaction of $3,776,348.51. Following the completion of the transaction, the chief executive officer directly owned 49,196 shares in the company, valued at approximately $4,388,775.16. The trade was a 46.25% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 261,111 shares of company stock valued at $23,367,520. Company insiders own 1.80% of the company's stock.

Hedge Funds Weigh In On nVent Electric

A number of institutional investors and hedge funds have recently made changes to their positions in NVT. Nuveen LLC purchased a new position in shares of nVent Electric in the first quarter worth approximately $229,615,000. Norges Bank purchased a new position in shares of nVent Electric in the second quarter worth approximately $234,290,000. Massachusetts Financial Services Co. MA lifted its holdings in nVent Electric by 146.0% during the second 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. American Century Companies Inc. lifted its holdings in 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 valued at $76,682,000 after purchasing an additional 1,388,578 shares in the last quarter. Finally, Merewether Investment Management LP purchased a new position in nVent Electric during the second quarter valued at approximately $78,222,000. Hedge funds and other 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.