nVent Electric - NVT Stock Forecast, Price & News

5 Wall Street 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 research analysts is that investors should "buy" NVT shares.
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5 equities research analysts have issued 12 month price targets for nVent Electric's shares. Their NVT share price forecasts range from $38.00 to $47.00. On average, they anticipate the company's stock price to reach $41.80 in the next year. This suggests a possible upside of 34.4% from the stock's current price.
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nVent Electric's stock was trading at $38.00 at the beginning of the year. Since then, NVT shares have decreased by 18.2% and is now trading at $31.09.
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The company is scheduled to release its next quarterly earnings announcement on Thursday, October 27th 2022.
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nVent Electric plc (NYSE:NVT) announced 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. The company 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 business's quarterly revenue was up 21.1% on a year-over-year basis. During the same period in the prior year, the company earned $0.50 EPS.

nVent Electric announced a quarterly dividend on Friday, May 13th. Stockholders of record on Friday, July 22nd will be given 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 2.25%. The ex-dividend date is Thursday, July 21st.
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 2.22%. 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.

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.

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 institutional and retail investors. Top institutional investors 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, Sara E Zawoyski and William T Monahan.
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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 $31.09.

nVent Electric (NYSE:NVT) has a market capitalization of $5.18 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.

The company employs 9,900 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.