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

5 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for nVent Electric in the last year. There are currently 1 hold rating and 4 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "moderate buy" NVT shares.
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5 analysts have issued 12-month price objectives for nVent Electric's stock. Their NVT share price targets range from $57.00 to $65.00. On average, they expect the company's stock price to reach $60.50 in the next year. This suggests a possible upside of 15.2% from the stock's current price.
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nVent Electric's stock was trading at $38.47 at the beginning of the year. Since then, NVT stock has increased by 36.6% and is now trading at $52.54.
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nVent Electric saw a increase in short interest in 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 daily volume of 1,340,000 shares, the days-to-cover ratio is currently 2.3 days. Approximately 1.9% of the company's stock are short sold.
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The company is scheduled to release its next quarterly earnings announcement on Tuesday, February 6th 2024.
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nVent Electric plc (NYSE:NVT) issued its earnings results on Friday, October, 27th. The company reported $0.84 earnings per share for the quarter, topping analysts' consensus estimates of $0.73 by $0.11. The business earned $859 million during the quarter, compared to analyst estimates of $881.99 million. nVent Electric had a trailing twelve-month return on equity of 17.44% and a net margin of 14.98%. The business's revenue was up 15.3% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.66 earnings per share.

nVent Electric declared a quarterly dividend on Tuesday, September 26th. Investors 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 dividend on an annualized basis and a yield of 1.33%. The ex-dividend date of this dividend is Thursday, October 19th.
Read our dividend analysis for NVT.

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 21.60% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for NVT.

ETFs with the largest weight of nVent Electric (NYSE:NVT) stock in their portfolio include First Trust IPOX Europe Equity Opportunities ETF (FPXE), First Trust International IPO ETF (FPXI), Adaptiv Select ETF (ADPV), Schwab Ariel ESG ETF (SAEF), Burney U.S. Factor Rotation ETF (BRNY), Janus Henderson US Sustainable Equity ETF (SSPX), American CenturyFocused Large Cap Value ETF (FLV) and First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund (GRID).

nVent Electric issued an update on its fourth quarter earnings guidance on Friday, October, 27th. The company provided earnings per share guidance of $0.73-0.75 for the period, compared to the consensus earnings per share 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.

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.

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).

nVent Electric's stock is owned by a number of institutional and retail investors. Top institutional investors 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.
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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.
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