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NYSE:NVT

nVent Electric - NVT Stock Forecast, Price & News

$36.90
+0.47 (+1.29%)
(As of 08/16/2022 12:48 PM ET)
Add
Compare
Today's Range
$36.39
$37.00
50-Day Range
$29.96
$37.36
52-Week Range
$29.19
$39.53
Volume
11,970 shs
Average Volume
646,021 shs
Market Capitalization
$6.14 billion
P/E Ratio
21.58
Dividend Yield
1.93%
Price Target
$41.80

nVent Electric MarketRank™ Forecast

Analyst Rating
Buy
3.00 Rating Score
Upside/​Downside
14.0% Upside
$41.80 Price Target
Short Interest
Healthy
1.35% of Float Sold Short
Dividend Strength
Moderate
Based on Four Factors
Sustainability
N/A
News Sentiment
-1.33mentions of nVent Electric in the last 14 days
Based on 3 Articles This Week
Insider Trading
Selling Shares
$156,196 Sold Last Quarter
Proj. Earnings Growth
8.11%
From $2.22 to $2.40 Per Share

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.32 out of 5 stars

Computer And Technology Sector

296th out of 664 stocks

Special Industry Machinery, Except Metalworking Machinery Industry

3rd out of 4 stocks

NVT stock logo

About nVent Electric (NYSE:NVT) Stock

nVent Electric plc designs, manufactures, markets, installs, and services electrical connection and protection products worldwide. The company operates through three segments: Enclosures, Electrical & Fastening Solutions, and Thermal Management. The Enclosures segment provides solutions to connect and protect critical electronics, communication, control, and power equipment; physical infrastructure solutions to host, connect, and protect server and network equipment; and indoor and outdoor protection for test and measurement and aerospace and defense applications in industrial, infrastructure, commercial, and energy verticals. Its products also include metallic and non-metallic enclosures, cabinets, sub racks, and backplanes. The Electrical & Fastening Solutions segment offers fastening solutions to connect and protect electrical and mechanical systems, and civil structures. It also provides engineered electrical and fastening products. The Thermal Management segment offers electric thermal solutions that connect and protect buildings, infrastructure, industrial processes, and people. This segment provides thermal management systems comprising heat tracing, floor heating, fire-rated and specialty wiring, sensing, and snow melting and de-icing solutions. The company sells its products under the CADDY, ERICO, HOFFMAN, RAYCHEM, SCHROFF, and TRACER brands. nVent Electric plc markets its products through electrical distributors, data center contractors, original equipment manufacturers, and maintenance contractors. It serves the energy, industrial, infrastructure, and commercial and residential sectors. The company was founded in 1903 and is based in London, the United Kingdom.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on NVT shares. Royal Bank of Canada increased their price objective on shares of nVent Electric from $36.00 to $39.00 and gave the stock an "outperform" rating in a research report on Monday, August 1st. The Goldman Sachs Group reduced their price objective on shares of nVent Electric from $43.00 to $38.00 and set a "buy" rating on the stock in a research report on Thursday, June 23rd. Finally, Barclays increased their price objective on shares of nVent Electric from $43.00 to $47.00 and gave the stock an "overweight" rating in a research report on Monday, August 1st. Five investment analysts have rated the stock with a buy rating, According to data from MarketBeat, the stock presently has a consensus rating of "Buy" and a consensus target price of $41.80.

nVent Electric Stock Up 0.6 %

Shares of NYSE:NVT traded up $0.22 during midday trading on Monday, reaching $36.43. 390,004 shares of the company's stock traded hands, compared to its average volume of 822,957. The company has a market cap of $6.07 billion, a price-to-earnings ratio of 21.18 and a beta of 1.43. nVent Electric has a one year low of $29.19 and a one year high of $39.53. The company has a quick ratio of 1.13, a current ratio of 1.75 and a debt-to-equity ratio of 0.40. The stock's 50 day simple moving average is $32.94 and its 200-day simple moving average is $33.96.

nVent Electric (NYSE:NVT - Get Rating) last posted its quarterly earnings data on Friday, July 29th. The company reported $0.57 EPS for the quarter, topping the consensus estimate of $0.54 by $0.03. nVent Electric had a net margin of 10.57% and a return on equity of 14.02%. The business had revenue of $728.00 million during the quarter, compared to the consensus estimate of $687.72 million. During the same period in the previous year, the firm posted $0.50 earnings per share. The business's revenue for the quarter was up 21.1% compared to the same quarter last year. On average, analysts predict that nVent Electric will post 2.22 EPS for the current fiscal year.

Insider Buying and Selling

In related news, CAO Randolph A. Wacker sold 2,784 shares of the firm's stock in a transaction on Wednesday, August 10th. The shares were sold at an average price of $35.71, for a total transaction of $99,416.64. Following the completion of the transaction, the chief accounting officer now owns 13,531 shares of the company's stock, valued at $483,192.01. The sale was disclosed in a filing with the SEC, which is available at the SEC website. In other nVent Electric news, insider Michael B. Faulconer sold 1,590 shares of nVent Electric stock in a transaction on Wednesday, August 10th. The shares were sold at an average price of $35.71, for a total value of $56,778.90. Following the completion of the transaction, the insider now owns 19,106 shares of the company's stock, valued at $682,275.26. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CAO Randolph A. Wacker sold 2,784 shares of nVent Electric stock in a transaction on Wednesday, August 10th. The shares were sold at an average price of $35.71, for a total transaction of $99,416.64. Following the completion of the transaction, the chief accounting officer now directly owns 13,531 shares of the company's stock, valued at approximately $483,192.01. The disclosure for this sale can be found here. 2.10% of the stock is currently owned by corporate insiders.

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NVT Stock News Headlines

Analyst Ratings for nVent Electric
Expert Ratings for nVent Electric
nVent Electric Has Further To Fall
Danita Ostling Elected to nVent Board of Directors
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NVT Company Calendar

Ex-Dividend for 8/5 Dividend
7/21/2022
Last Earnings
7/29/2022
Dividend Payable
8/05/2022
Today
8/16/2022
Next Earnings (Estimated)
10/27/2022
Fiscal Year End
12/31/2022

Industry, Sector and Symbol

Industry
Special industry machinery, except metalworking machinery
Sub-Industry
N/A
Fax
N/A
Employees
9,900
Year Founded
N/A

Price Target and Rating

Average Stock Price Forecast
$41.80
High Stock Price Forecast
$47.00
Low Stock Price Forecast
$38.00
Forecasted Upside/Downside
+13.3%
Consensus Rating
Buy
Rating Score (0-4)
3.00
Research Coverage
5 Analysts

Profitability

Net Income
$272.90 million
Pretax Margin
12.72%

Debt

Sales & Book Value

Annual Sales
$2.46 billion
Cash Flow
$2.71 per share
Book Value
$15.03 per share

Miscellaneous

Free Float
162,992,000
Market Cap
$6.14 billion
Optionable
Optionable
Beta
1.43

Key Executives














NVT Stock - Frequently Asked Questions

Should I buy or sell nVent Electric stock right now?

5 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for nVent Electric in the last twelve months. There are currently 5 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" NVT shares.
View NVT analyst ratings
or view top-rated stocks.

What is nVent Electric's stock price forecast for 2022?

5 equities research analysts have issued 12-month price objectives for nVent Electric's shares. Their NVT share price forecasts range from $38.00 to $47.00. On average, they expect the company's stock price to reach $41.80 in the next twelve months. This suggests a possible upside of 14.7% from the stock's current price.
View analysts price targets for NVT
or view top-rated stocks among Wall Street analysts.

How have NVT shares performed in 2022?

nVent Electric's stock was trading at $38.00 on January 1st, 2022. Since then, NVT stock has decreased by 4.1% and is now trading at $36.43.
View the best growth stocks for 2022 here
.

Are investors shorting nVent Electric?

nVent Electric saw a decline in short interest in the month of June. As of June 30th, there was short interest totaling 1,890,000 shares, a decline of 19.2% from the June 15th total of 2,340,000 shares. Based on an average trading volume of 835,900 shares, the short-interest ratio is currently 2.3 days. Currently, 1.2% of the shares of the company are sold short.
View nVent Electric's Short Interest
.

When is nVent Electric's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Thursday, October 27th 2022.
View our NVT earnings forecast
.

How were nVent Electric's earnings last quarter?

nVent Electric plc (NYSE:NVT) posted its quarterly earnings results on Friday, July, 29th. The company reported $0.57 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.54 by $0.03. The firm had revenue of $728 million for the quarter, compared to the consensus estimate of $687.72 million. nVent Electric had a net margin of 10.57% and a trailing twelve-month return on equity of 14.02%. The firm's revenue for the quarter was up 21.1% compared to the same quarter last year. During the same quarter last year, the business posted $0.50 earnings per share.

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

nVent Electric announced a quarterly dividend on Friday, May 13th. Shareholders of record on Friday, July 22nd will be paid a dividend of $0.175 per share on Friday, August 5th. This represents a $0.70 dividend on an annualized basis and a yield of 1.92%. The ex-dividend date is Thursday, July 21st.
Read our dividend analysis for NVT
.

Is nVent Electric a good dividend stock?

nVent Electric (NYSE:NVT) pays an annual dividend of $0.70 per share and currently has a dividend yield of 1.93%. The dividend payout ratio is 40.94%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, NVT will have a dividend payout ratio of 29.17% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for NVT.

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

nVent Electric updated its third quarter 2022 earnings guidance on Friday, August, 5th. The company provided earnings per share (EPS) guidance of $0.58-$0.60 for the period, compared to the consensus estimate of $0.59. The company issued revenue guidance of $707.30 million-$720.16 million, compared to the consensus revenue estimate of $689.27 million.

What is Beth Wozniak's approval rating as nVent Electric's CEO?

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.

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), QUALCOMM (QCOM), Allena Pharmaceuticals (ALNA), Caterpillar (CAT), CenterPoint Energy (CNP) and CVS Health (CVS).

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 number of institutional and retail investors. Top institutional shareholders include Franklin Resources Inc. (3.39%), State Street Corp (2.86%), Artisan Partners Limited Partnership (1.66%), Macquarie Group Ltd. (1.38%), Clean Energy Transition LLP (1.32%) and Principal Financial Group Inc. (1.06%). 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 William T Monahan.
View institutional ownership trends
.

How do I buy shares of nVent Electric?

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.
Compare Top Brokerages Here.

What is nVent Electric's stock price today?

One share of NVT stock can currently be purchased for approximately $36.43.

How much money does nVent Electric make?

nVent Electric (NYSE:NVT) has a market capitalization of $6.07 billion and generates $2.46 billion in revenue each year. The company earns $272.90 million in net income (profit) each year or $1.71 on an earnings per share basis.

How many employees does nVent Electric have?

The company employs 9,900 workers across the globe.

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 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.

This page (NYSE:NVT) was last updated on 8/16/2022 by MarketBeat.com Staff

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