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nVent Electric Stock Price, News & Analysis (NYSE:NVT)

$54.55
+0.39 (+0.72%)
(As of 12/4/2023 ET)
Compare
Today's Range
$53.49
$54.68
50-Day Range
$45.88
$54.39
52-Week Range
$36.70
$58.98
Volume
799,987 shs
Average Volume
1.20 million shs
Market Capitalization
$9.05 billion
P/E Ratio
19.48
Dividend Yield
1.28%
Price Target
$60.50

nVent Electric MarketRank™ Stock Analysis

Analyst Rating
Moderate Buy
2.80 Rating Score
Upside/​Downside
10.9% Upside
$60.50 Price Target
Short Interest
Healthy
1.96% of Float Sold Short
Dividend Strength
Moderate
Based on Four Factors
Sustainability
N/A
News Sentiment
0.47mentions of nVent Electric in the last 14 days
Based on 3 Articles This Week
Insider Trading
Selling Shares
$110,386 Sold Last Quarter
Proj. Earnings Growth
7.95%
From $3.02 to $3.26 Per Share

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.40 out of 5 stars

Computer And Technology Sector

173rd out of 593 stocks

Special Industry Machinery, Except Metalworking Machinery Industry

1st out of 3 stocks


NVT stock logo

About nVent Electric Stock (NYSE:NVT)

nVent Electric plc designs, manufactures, markets, installs, and services electrical connection and protection products worldwide. The company operates through three segments: Enclosures, Electrical & Fastening Solutions, and Thermal Management. The Enclosures segment provides solutions to connect and protect critical electronics, communication, control, and power equipment; physical infrastructure solutions to host, connect, and protect server and network equipment; indoor and outdoor protection for test and measurement and aerospace and defense applications in industrial, infrastructure, commercial, and energy verticals; and metallic and non-metallic enclosures, cabinets, sub racks, and backplanes. The Electrical & Fastening Solutions segment offers fastening solutions to connect and protect electrical and mechanical systems, and civil structures; and engineered electrical and fastening products. The Thermal Management segment offers electric thermal solutions that connect and protect buildings, infrastructure, industrial processes, and people; and provides thermal management systems comprising heat tracing, floor heating, fire-rated and specialty wiring, sensing, and snow melting and de-icing solutions. It sells its products under the CADDY, ERICO, HOFFMAN, RAYCHEM, SCHROFF, and TRACER brands. The company markets its products through electrical distributors, data center contractors, original equipment manufacturers, and maintenance contractors. It serves the energy, industrial, infrastructure, and commercial and residential sectors. The company was founded in 1903 and is based in London, the United Kingdom.

NVT Stock Price History

NVT Stock News Headlines

Here’s Why nVent (NVT) Outperformed in Q3
10 Small Businesses That Have High Failure Rates
New CBOE “special perk” helps traders target income every weekend
You might not immediately realize what you’re reading. Let me help you out a little… What you're looking at is a “special perk” set up by the Chicago Board of Options Exchange.
New CBOE “special perk” helps traders target income every weekend
You might not immediately realize what you’re reading. Let me help you out a little… What you're looking at is a “special perk” set up by the Chicago Board of Options Exchange.
Q3 2023 nVent Electric PLC Earnings Call
nVent Electric Plc (NVT) Q3 2023 Earnings Call Transcript
NVent Electric Q3 Profit Gains, Lifts FY23 Outlook
nVent Announces Third Quarter 2023 Financial Results
nVent Electric earnings preview: what Wall Street is expecting
nVent Electric Q3 2023 Earnings Preview
nVent Electric PLC's Dividend Analysis
nVent Looks To Power Through Softening Volumes
nVent Electric (NYSE:NVT) Will Pay A Dividend Of $0.175
3 Top Electronics Stocks to Overcome Industry Headwinds
See More Headlines
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Company Calendar

Ex-Dividend for 11/3 Dividend
10/19/2023
Last Earnings
10/27/2023
Dividend Payable
11/03/2023
Today
12/04/2023
Fiscal Year End
12/31/2023
Next Earnings (Estimated)
2/06/2024

Industry, Sector and Symbol

Industry
Special industry machinery, except metalworking machinery
Sub-Industry
N/A
Fax
N/A
Employees
10,400
Year Founded
N/A

Price Target and Rating

Average Stock Price Target
$60.50
High Stock Price Target
$65.00
Low Stock Price Target
$57.00
Potential Upside/Downside
+10.9%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.80
Research Coverage
5 Analysts

Profitability

Net Income
$399.80 million
Pretax Margin
17.84%

Debt

Sales & Book Value

Annual Sales
$2.91 billion
Cash Flow
$3.16 per share
Book Value
$16.52 per share

Miscellaneous

Free Float
161,930,000
Market Cap
$9.05 billion
Optionable
Optionable
Beta
1.32
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NVT Stock Analysis - Frequently Asked Questions

Should I buy or sell nVent Electric stock right now?

5 Wall Street analysts have issued "buy," "hold," and "sell" ratings for nVent Electric in the last twelve months. There are currently 1 hold rating and 4 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "moderate buy" NVT shares.
View NVT analyst ratings
or view top-rated stocks.

What is nVent Electric's stock price target for 2024?

5 brokers have issued twelve-month price objectives for nVent Electric's stock. Their NVT share price targets range from $57.00 to $65.00. On average, they predict the company's stock price to reach $60.50 in the next year. This suggests a possible upside of 10.9% from the stock's current price.
View analysts price targets for NVT
or view top-rated stocks among Wall Street analysts.

How have NVT shares performed in 2023?

nVent Electric's stock was trading at $38.47 on January 1st, 2023. Since then, NVT stock has increased by 41.8% and is now trading at $54.55.
View the best growth stocks for 2023 here
.

Are investors shorting nVent Electric?

nVent Electric saw a increase in short interest in the month of October. As of October 31st, there was short interest totaling 3,130,000 shares, an increase of 40.4% from the October 15th total of 2,230,000 shares. Based on an average trading volume of 1,340,000 shares, the short-interest ratio is presently 2.3 days. Approximately 1.9% of the company's stock are sold short.
View nVent Electric's Short Interest
.

When is nVent Electric's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Tuesday, February 6th 2024.
View our NVT earnings forecast
.

How were nVent Electric's earnings last quarter?

nVent Electric plc (NYSE:NVT) announced its quarterly earnings data on Friday, October, 27th. The company reported $0.84 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.73 by $0.11. The company earned $859 million during the quarter, compared to the consensus estimate of $881.99 million. nVent Electric had a net margin of 14.98% and a trailing twelve-month return on equity of 17.44%. The firm's revenue was up 15.3% on a year-over-year basis. During the same period in the previous year, the business posted $0.66 EPS.

How often does nVent Electric pay dividends? What is the dividend yield for nVent Electric?

nVent Electric announced a quarterly dividend on Tuesday, September 26th. Stockholders of record on Friday, October 20th will be given a dividend of $0.175 per share on Friday, November 3rd. This represents a $0.70 annualized dividend and a dividend yield of 1.28%. The ex-dividend date is Thursday, October 19th.
Read our dividend analysis for NVT
.

Is nVent Electric a good dividend stock?

nVent Electric (NYSE:NVT) pays an annual dividend of $0.70 per share and currently has a dividend yield of 1.29%. The dividend payout ratio is 25.00%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, NVT will have a dividend payout ratio of 21.47% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for NVT.

What guidance has nVent Electric issued on next quarter's earnings?

nVent Electric issued an update on its fourth quarter earnings guidance on Friday, October, 27th. The company provided EPS guidance of $0.73-0.75 for the period, compared to the consensus estimate of $0.72. The company issued revenue guidance of +15-17% to ~$853-868 million, compared to the consensus revenue estimate of $883.53 million.

What is Beth Wozniak's approval rating as nVent Electric's CEO?

31 employees have rated nVent Electric Chief Executive Officer Beth Wozniak on Glassdoor.com. Beth Wozniak has an approval rating of 75% among the company's employees.

What other stocks do shareholders of nVent Electric own?

Based on aggregate information from My MarketBeat watchlists, some companies that other nVent Electric investors own include Pentair (PNR), AbbVie (ABBV), AT&T (T), Waste Connections (WCN), Pfizer (PFE), QUALCOMM (QCOM), Allena Pharmaceuticals (ALNA), Caterpillar (CAT), CenterPoint Energy (CNP) and CVS Health (CVS).

Who are nVent Electric's major shareholders?

nVent Electric's stock is owned by a number of institutional and retail investors. Top institutional shareholders include FMR LLC (3.95%), Massachusetts Financial Services Co. MA (2.38%), Boston Partners (1.99%), Clean Energy Transition LLP (1.51%), Congress Asset Management Co. MA (1.33%) and Ariel Investments LLC (1.29%). Insiders that own company stock include Beth Wozniak, Greg Scheu, Herbert K Parker, Jerry W Burris, Joseph A Ruzynski, Lynnette R Heath, Michael B Faulconer, Randall J Hogan, Randolph A Wacker, Ronald Merriman, Sara E Zawoyski and Sara E Zawoyski.
View institutional ownership trends
.

How do I buy shares of nVent Electric?

Shares of NVT stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.

This page (NYSE:NVT) was last updated on 12/4/2023 by MarketBeat.com Staff

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