nVent Electric (NVT) Stock Forecast, Price & News

5 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for nVent Electric in the last year. There are currently 2 hold ratings and 3 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 equities research analysts have issued 1-year price objectives for nVent Electric's shares. Their NVT share price forecasts range from $34.00 to $69.00. On average, they expect the company's stock price to reach $55.25 in the next twelve months. This suggests a possible upside of 4.0% from the stock's current price.
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nVent Electric's stock was trading at $38.47 at the beginning of 2023. Since then, NVT shares have increased by 38.2% and is now trading at $53.15.
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nVent Electric saw a increase in short interest in the month of September. As of September 15th, there was short interest totaling 2,990,000 shares, an increase of 26.7% from the August 31st total of 2,360,000 shares. Based on an average trading volume of 1,390,000 shares, the short-interest ratio is presently 2.2 days. Approximately 1.9% 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, October 27th 2023.
View our NVT earnings forecast.

nVent Electric plc (NYSE:NVT) issued its earnings results on Friday, July, 28th. The company reported $0.77 earnings per share for the quarter, topping the consensus estimate of $0.68 by $0.09. The company earned $803 million during the quarter, compared to analysts' expectations of $809.05 million. nVent Electric had a trailing twelve-month return on equity of 16.85% and a net margin of 15.14%. nVent Electric's quarterly revenue was up 10.3% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.57 earnings per share.

nVent Electric declared a quarterly dividend on Tuesday, September 26th. Shareholders of record on Friday, October 20th will be paid 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 1.32%. The ex-dividend date is Thursday, October 19th.
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), First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund (GRID) and American CenturyFocused Large Cap Value ETF (FLV).

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 25.74%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, NVT will have a dividend payout ratio of 21.94% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for NVT.

nVent Electric updated its third quarter 2023 earnings guidance on Monday, July, 31st. The company provided earnings per share (EPS) guidance of $0.72-$0.74 for the period, compared to the consensus EPS estimate of $0.73. The company issued revenue guidance of $864.20 million-$879.10 million, compared to the consensus revenue estimate of $877.98 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 trades on the New York Stock Exchange (NYSE) under the ticker symbol "NVT."

nVent Electric's stock is owned by a number of institutional and retail investors. Top institutional shareholders include BlackRock Inc. (9.05%), Franklin Resources Inc. (3.47%), State Street Corp (2.88%), Nuveen Asset Management LLC (2.78%), Nuveen Asset Management LLC (2.78%) and Dimensional Fund Advisors LP (2.14%). 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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One share of NVT stock can currently be purchased for approximately $53.15.

nVent Electric (NYSE:NVT) has a market capitalization of $8.81 billion and generates $2.91 billion in revenue each year. The company earns $399.80 million in net income (profit) each year or $2.72 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.