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NYSE:NVT

nVent Electric Stock Forecast, Price & News

$17.32
+0.16 (+0.93 %)
(As of 09/25/2020 12:00 AM ET)
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Today's Range
$17.01
Now: $17.32
$17.48
50-Day Range
$17.11
MA: $18.85
$19.57
52-Week Range
$10.53
Now: $17.32
$28.75
Volume572,185 shs
Average Volume1.16 million shs
Market Capitalization$2.94 billion
P/E Ratio19.68
Dividend Yield4.08%
Beta1.43
nVent Electric plc designs, manufactures, markets, installs, and services electrical connection and protection products in the United States, Canada, Mexico, Europe, the Middle East, Africa, and internationally. The company operates through three segments: Enclosures, Thermal Management, and Electrical & Fastening Solutions. The Enclosures segment provides solutions to protect, connect, and manage heat in critical electronics, communication, control, and power equipment; physical infrastructure solutions to host, connect, and protect server and network equipment; and indoor and outdoor protection solutions for broadband voice, data, and video surveillance applications. Its products also include metallic and non-metallic enclosures, cabinets, subracks, and backplanes. The Thermal Management segment offers electric thermal solutions that connect and protect critical buildings, infrastructure, industrial processes, and people. Its thermal management systems comprise heat tracing, floor heating, fire-rated and specialty wiring, sensing, and snow melting and de-icing solutions. The Electrical & Fastening Solutions segment provides fastening solutions to connect and protect electrical and mechanical systems, and civil structures. It provides engineered electrical and fastening products. The company sells its products under the CADDY, ERICO, HOFFMAN, RAYCHEM, SCHROFF, and TRACER brands. It markets its products through electrical distributors, data center contractors, original equipment manufacturers, greenfield development contractors, and maintenance contractors. The company serves energy, industrial, infrastructure, and commercial and residential sectors. nVent Electric plc was incorporated in 2017 and is based in London, the United Kingdom.
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Beat the Market (BTM) Rank

Analyst Opinion: 3.3Community Rank: 2.4Dividend Strength: 3.3Insider Behavior: 1.0Valuation: 1.3 5 -4 -3 -2 -1 -

Overall Beat the Market Rank

2.25 out of 5 stars


Industry, Sector and Symbol

Industry Special industry machinery, except metalworking machinery
Sub-IndustryN/A
CUSIPN/A
Phone44-20-3966-0279

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$2.20 billion
Cash Flow$2.23 per share
Book Value$15.30 per share

Profitability

Net Income$222.70 million

Miscellaneous

Employees9,500
Market Cap$2.94 billion
Next Earnings Date11/4/2020 (Estimated)
OptionableOptionable
$17.32
+0.16 (+0.93 %)
(As of 09/25/2020 12:00 AM ET)
30 days | 90 days | 365 days | Advanced Chart

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nVent Electric (NYSE:NVT) Frequently Asked Questions

How has nVent Electric's stock price been impacted by Coronavirus (COVID-19)?

nVent Electric's stock was trading at $19.11 on March 11th, 2020 when Coronavirus (COVID-19) reached pandemic status according to the World Health Organization (WHO). Since then, NVT shares have decreased by 9.4% and is now trading at $17.32.
View which stocks have been most impacted by COVID-19
.

Do Wall Street analysts recommend investors buy shares of nVent Electric?

8 Wall Street analysts have issued "buy," "hold," and "sell" ratings for nVent Electric in the last year. There are currently 4 hold ratings and 4 buy ratings for the stock, resulting in a consensus recommendation of "Buy."
View analyst ratings for nVent Electric
.

When is nVent Electric's next earnings date?

nVent Electric is scheduled to release its next quarterly earnings announcement on Wednesday, November 4th 2020.
View our earnings forecast for nVent Electric
.

How were nVent Electric's earnings last quarter?

nVent Electric PLC (NYSE:NVT) released its quarterly earnings data on Friday, July, 31st. The company reported $0.29 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.24 by $0.05. The business had revenue of $447 million for the quarter, compared to analysts' expectations of $437.07 million. nVent Electric had a net margin of 7.15% and a return on equity of 10.49%. nVent Electric's revenue for the quarter was down 17.2% compared to the same quarter last year. During the same period in the prior year, the company earned $0.44 earnings per share.
View nVent Electric's earnings history
.

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

nVent Electric announced a quarterly dividend on Thursday, May 14th. Investors of record on Friday, July 24th will be paid a dividend of $0.175 per share on Friday, August 7th. This represents a $0.70 dividend on an annualized basis and a yield of 4.04%. The ex-dividend date is Thursday, July 23rd.
View nVent Electric's dividend history
.

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

nVent Electric updated its third quarter 2020 Pre-Market earnings guidance on Friday, July, 31st. The company provided earnings per share (EPS) guidance of for the period. The company issued revenue guidance of $464.634-520.614 million, compared to the consensus revenue estimate of $488.05 million.

What price target have analysts set for NVT?

8 brokers have issued 12-month price objectives for nVent Electric's stock. Their forecasts range from $21.00 to $32.00. On average, they expect nVent Electric's stock price to reach $26.29 in the next year. This suggests a possible upside of 51.8% from the stock's current price.
View analysts' price targets for nVent Electric
.

Are investors shorting nVent Electric?

nVent Electric saw a drop in short interest in August. As of August 14th, there was short interest totaling 1,090,000 shares, a drop of 37.7% from the July 30th total of 1,750,000 shares. Based on an average daily trading volume, of 1,070,000 shares, the short-interest ratio is presently 1.0 days. Approximately 0.7% of the shares of the stock are sold short.
View nVent Electric's Short Interest
.

Who are some of nVent Electric's key competitors?

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), Allena Pharmaceuticals (ALNA), Caterpillar (CAT), CenterPoint Energy (CNP), CVS Health (CVS) and Gilead Sciences (GILD).

Who are nVent Electric's key executives?

nVent Electric's management team includes the following people:
  • Ms. Beth A. Wozniak, CEO & Director (Age 54)
  • Ms. Stacy Powell McMahan, Exec. VP & CFO (Age 55)
  • Mr. Jon D. Lammers, Exec. VP, Gen. Counsel & Sec. (Age 54)
  • Ms. Lynnette R. Heath, Exec. VP & Chief HR Officer (Age 51)
  • Mr. Thomas F. Pettit, Exec. VP & Chief Integrated Supply Chain Officer (Age 50)

What is nVent Electric's stock symbol?

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

Who are nVent Electric's major shareholders?

nVent Electric's stock is owned by a variety of institutional and retail investors. Top institutional shareholders include Vanguard Group Inc. (9.22%), Trian Fund Management L.P. (7.29%), Mairs & Power Inc. (2.59%), Kayne Anderson Rudnick Investment Management LLC (1.92%), Goldman Sachs Group Inc. (1.05%) and Charles Schwab Investment Management Inc. (0.93%). Company insiders that own nVent Electric stock include Beth Wozniak, Michael L Ducker, Randall J Hogan, Trian Fund Management, LP and William T Monahan.
View institutional ownership trends for nVent Electric
.

Which major investors are selling nVent Electric stock?

NVT stock was sold by a variety of institutional investors in the last quarter, including Trian Fund Management L.P., Goldman Sachs Group Inc., AQR Capital Management LLC, TCW Group Inc., Balyasny Asset Management LLC, Bank of Nova Scotia, Principal Financial Group Inc., and Principal Financial Group Inc.. Company insiders that have sold nVent Electric company stock in the last year include Randall J Hogan, and William T Monahan.
View insider buying and selling activity for nVent Electric
.

Which major investors are buying nVent Electric stock?

NVT stock was purchased by a variety of institutional investors in the last quarter, including Vanguard Group Inc., Kayne Anderson Rudnick Investment Management LLC, Prudential Financial Inc., Mairs & Power Inc., Public Employees Retirement Association of Colorado, ProShare Advisors LLC, Marshall Wace LLP, and Meritage Portfolio Management. Company insiders that have bought nVent Electric stock in the last two years include Beth Wozniak, and Michael L Ducker.
View insider buying and selling activity for nVent Electric
.

How do I buy shares of nVent Electric?

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

What is nVent Electric's stock price today?

One share of NVT stock can currently be purchased for approximately $17.32.

How big of a company is nVent Electric?

nVent Electric has a market capitalization of $2.94 billion and generates $2.20 billion in revenue each year. The company earns $222.70 million in net income (profit) each year or $1.78 on an earnings per share basis. nVent Electric employs 9,500 workers across the globe.

What is nVent Electric's official website?

The official website for nVent Electric is www.nvent.com.

How can I contact nVent Electric?

nVent Electric's mailing address is THE MILLE 1000 GREAT WEST ROAD 8TH FLOOR (EAST), LONDON X0, TW8 9DW. The company can be reached via phone at 44-20-3966-0279 or via email at [email protected]

This page was last updated on 9/27/2020 by MarketBeat.com Staff

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