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 1 hold rating and 4 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "buy" NVT shares.
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5 analysts have issued 1-year target prices for nVent Electric's shares. Their NVT share price forecasts range from $34.00 to $49.00. On average, they anticipate the company's share price to reach $41.40 in the next year. This suggests a possible upside of 3.0% from the stock's current price.
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nVent Electric's stock was trading at $38.00 at the start of the year. Since then, NVT shares have increased by 5.7% and is now trading at $40.18.
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nVent Electric saw a drop in short interest in the month of October. As of October 15th, there was short interest totaling 1,550,000 shares, a drop of 12.9% from the September 30th total of 1,780,000 shares. Based on an average daily volume of 734,700 shares, the days-to-cover ratio is presently 2.1 days. Approximately 1.0% of the shares of the company are short sold.
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The company is scheduled to release its next quarterly earnings announcement on Tuesday, February 14th 2023.
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nVent Electric plc (NYSE:NVT) posted its quarterly earnings data on Friday, October, 28th. The company reported $0.66 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.59 by $0.07. The business earned $745.20 million during the quarter, compared to analyst estimates of $711.50 million. nVent Electric had a trailing twelve-month return on equity of 14.69% and a net margin of 10.86%.

nVent Electric announced a quarterly dividend on Tuesday, September 27th. Shareholders of record on Friday, October 21st will be given a dividend of $0.175 per share on Friday, November 4th. This represents a $0.70 dividend on an annualized basis and a dividend yield of 1.74%. The ex-dividend date is Thursday, October 20th.
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 1.75%. The dividend payout ratio is 38.46%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, NVT will have a dividend payout ratio of 28.23% 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 FY 2022 earnings guidance on Sunday, November, 6th. The company provided EPS guidance of $2.30-$2.32 for the period, compared to the consensus estimate of $2.22. The company issued revenue guidance of $2.86 billion-$2.88 billion, compared to the consensus revenue estimate of $2.82 billion.

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 Vanguard Group Inc. (10.49%), BlackRock Inc. (8.67%), Neuberger Berman Group LLC (3.22%), State Street Corp (2.85%), Dimensional Fund Advisors LP (2.39%) and Boston Partners (1.94%). 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 $40.18.

nVent Electric (NYSE:NVT) has a market capitalization of $6.69 billion and generates $2.46 billion in revenue each year. The company earns $272.90 million in net income (profit) each year or $1.82 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.