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

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.
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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.
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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.
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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.
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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) 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.

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.

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.

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 Equity Opportunities 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 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.

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 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.
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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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