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NYSE:NVT

nVent Electric (NVT) Stock Price, News & Analysis

$62.75
+0.04 (+0.06%)
(As of 01:09 PM ET)
Today's Range
$62.11
$63.01
50-Day Range
$55.77
$64.29
52-Week Range
$40.00
$66.09
Volume
489,462 shs
Average Volume
1.20 million shs
Market Capitalization
$10.41 billion
P/E Ratio
18.62
Dividend Yield
1.21%
Price Target
$64.75

nVent Electric MarketRank™ Stock Analysis

Analyst Rating
Moderate Buy
2.80 Rating Score
Upside/​Downside
3.2% Upside
$64.75 Price Target
Short Interest
Healthy
0.83% of Float Sold Short
Dividend Strength
Moderate
Based on Four Factors
Sustainability
N/A
News Sentiment
0.40mentions of nVent Electric in the last 14 days
Based on 16 Articles This Week
Insider Trading
Selling Shares
$25.09 M Sold Last Quarter
Proj. Earnings Growth
9.94%
From $3.22 to $3.54 Per Share

Overall MarketRank

New Rank-Based ScoringMarketRank is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

3.17 out of 5 stars

Computer And Technology Sector

517th out of 1,162 stocks

Special Industry Machinery, Except Metalworking Machinery Industry

5th out of 8 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

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nVent Electric declares $0.19 dividend
nVent Announces Quarterly Cash Dividend
NVT Mar 2024 50.000 call
NVT Mar 2024 75.000 call
NVT Mar 2024 60.000 put
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nVent Electric plc (NYSE:NVT) Insider Sells $160,575.00 in Stock
nVent Electric plc Announces Upcoming Investor Events
Q4 2023 nVent Electric PLC Earnings Call
NVent Electric (NVT) Q4 Earnings Top Estimates
nVent Electric Q4 2023 Earnings Preview
See More Headlines
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Company Calendar

Ex-Dividend for 2/2 Dividend
1/18/2024
Dividend Payable
2/02/2024
Last Earnings
2/06/2024
Today
2/21/2024
Next Earnings (Estimated)
4/26/2024
Fiscal Year End
12/31/2024

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
$64.75
High Stock Price Target
$72.00
Low Stock Price Target
$58.00
Potential Upside/Downside
+3.4%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.80
Research Coverage
5 Analysts

Profitability

Net Income
$567.10 million
Pretax Margin
15.31%

Debt

Sales & Book Value

Annual Sales
$3.26 billion
Cash Flow
$3.92 per share
Book Value
$18.94 per share

Miscellaneous

Free Float
161,930,000
Market Cap
$10.39 billion
Optionable
Optionable
Beta
1.33
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NVT Stock Analysis - Frequently Asked Questions

Should I buy or sell nVent Electric stock right now?

5 Wall Street research 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 research 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 equities research analysts have issued 12-month price targets for nVent Electric's shares. Their NVT share price targets range from $58.00 to $72.00. On average, they anticipate the company's share price to reach $64.75 in the next twelve months. This suggests a possible upside of 3.2% 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 2024?

nVent Electric's stock was trading at $59.09 at the beginning of 2024. Since then, NVT shares have increased by 6.2% and is now trading at $62.76.
View the best growth stocks for 2024 here
.

Are investors shorting nVent Electric?

nVent Electric saw a drop in short interest in the month of January. As of January 31st, there was short interest totaling 1,350,000 shares, a drop of 27.8% from the January 15th total of 1,870,000 shares. Based on an average trading volume of 1,110,000 shares, the days-to-cover ratio is currently 1.2 days. Approximately 0.8% of the shares of the company are short sold.
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 Friday, April 26th 2024.
View our NVT earnings forecast
.

How were nVent Electric's earnings last quarter?

nVent Electric plc (NYSE:NVT) issued its quarterly earnings results on Tuesday, February, 6th. The company reported $0.78 earnings per share for the quarter, beating analysts' consensus estimates of $0.75 by $0.03. The business had revenue of $861.20 million for the quarter, compared to analysts' expectations of $866.90 million. nVent Electric had a net margin of 17.38% and a trailing twelve-month return on equity of 17.53%. The company's revenue for the quarter was up 16.1% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.66 earnings per share.

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

nVent Electric announced a quarterly dividend on Monday, February 19th. Shareholders of record on Friday, April 26th will be paid a dividend of $0.19 per share on Friday, May 10th. This represents a $0.76 dividend on an annualized basis and a dividend yield of 1.21%. The ex-dividend date of this dividend is Thursday, April 25th.
Read our dividend analysis for NVT
.

Is nVent Electric a good dividend stock?

nVent Electric (NYSE:NVT) pays an annual dividend of $0.76 per share and currently has a dividend yield of 1.20%. The company does not yet have a strong track record of dividend growth. The dividend payout ratio is 22.55%. 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 FY24 earnings guidance on Tuesday, February, 6th. The company provided earnings per share guidance of $3.17-3.27 for the period, compared to the consensus EPS estimate of $3.32. The company issued revenue guidance of ~$3.52-3.59 billion, compared to the consensus revenue estimate of $3.57 billion.

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 investors include Vanguard Group Inc. (10.18%), Franklin Resources Inc. (3.46%), Nuveen Asset Management LLC (2.89%), Massachusetts Financial Services Co. MA (2.30%), Boston Partners (1.94%) and Mairs & Power Inc. (1.72%). 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 Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

This page (NYSE:NVT) was last updated on 2/21/2024 by MarketBeat.com Staff