nVent Electric - NVT Stock Forecast, Price & News

4 Wall Street analysts have issued "buy," "hold," and "sell" ratings for nVent Electric in the last year. There are currently 1 hold rating and 3 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "buy" NVT shares.
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4 Wall Street research analysts have issued 1 year price objectives for nVent Electric's shares. Their NVT share price forecasts range from $34.00 to $53.00. On average, they predict the company's stock price to reach $44.00 in the next twelve months. This suggests a possible upside of 7.5% from the stock's current price.
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nVent Electric's stock was trading at $38.47 at the start of the year. Since then, NVT shares have increased by 6.4% and is now trading at $40.92.
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nVent Electric saw a increase in short interest in February. As of February 28th, there was short interest totaling 2,020,000 shares, an increase of 16.8% from the February 13th total of 1,730,000 shares. Based on an average daily trading volume, of 1,030,000 shares, the days-to-cover ratio is presently 2.0 days. Approximately 1.2% of the shares of the stock are short sold.
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The company is scheduled to release its next quarterly earnings announcement on Friday, May 5th 2023.
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nVent Electric plc (NYSE:NVT) announced its quarterly earnings results on Tuesday, February, 7th. The company reported $0.66 EPS for the quarter, topping analysts' consensus estimates of $0.58 by $0.08. The company earned $742 million during the quarter, compared to analyst estimates of $712.01 million. nVent Electric had a trailing twelve-month return on equity of 15.38% and a net margin of 13.74%. The firm's quarterly revenue was up 10.9% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.50 earnings per share.

nVent Electric announced a quarterly dividend on Tuesday, February 28th. Shareholders of record on Friday, April 28th will be given a dividend of $0.175 per share on Friday, May 12th. This represents a $0.70 annualized dividend and a dividend yield of 1.71%. The ex-dividend date of this dividend is Thursday, April 27th.
Read our dividend analysis for NVT.

ETFs with the largest weight of nVent Electric (NYSE:NVT) stock in their portfolio include Adaptiv Select ETF (ADPV), Schwab Ariel ESG ETF (SAEF), First Trust International Equity Opportunities ETF (FPXI), First Trust IPOX Europe Equity Opportunities ETF (FPXE), Natixis Vaughan Nelson Mid Cap ETF (VNMC), First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund (GRID), American CenturyFocused Large Cap Value ETF (FLV) and Fidelity Women's Leadership ETF (FDWM).

nVent Electric (NYSE:NVT) pays an annual dividend of $0.70 per share and currently has a dividend yield of 1.68%. The dividend payout ratio is 29.54%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, NVT will have a dividend payout ratio of 25.45% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for NVT.

nVent Electric issued an update on its FY23 earnings guidance on Tuesday, February, 7th. The company provided earnings per share guidance of $2.51-$2.61 for the period, compared to the consensus earnings per share estimate of $2.49. The company issued revenue guidance of $2.54-$2.59 billion, compared to the consensus revenue estimate of $2.97 billion.

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 trades on the New York Stock Exchange (NYSE) under the ticker symbol "NVT."

nVent Electric's stock is owned by many different retail and institutional investors. Top institutional investors include American Century Companies Inc. (4.15%), Franklin Resources Inc. (3.37%), Dimensional Fund Advisors LP (2.29%), Neuberger Berman Group LLC (2.28%), Ariel Investments LLC (2.19%) and Boston Partners (1.99%). Insiders that own company stock include Herbert K Parker, Jerry W Burris, Joseph A Ruzynski, Michael B Faulconer, Michael L Ducker, 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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One share of NVT stock can currently be purchased for approximately $40.92.

nVent Electric (NYSE:NVT) has a market capitalization of $6.77 billion and generates $2.91 billion in revenue each year. The company earns $399.80 million in net income (profit) each year or $2.37 on an earnings per share basis.

The company employs 10,400 workers across the globe.

nVent Electric's mailing address is THE MILLE 1000 GREAT WEST ROAD 8TH FLOOR (EAST), LONDON X0, TW8 9DW. The official website for the company is www.nvent.com. The company can be reached via phone at 442039660279 or via email at jc.weigelt@nvent.com.