nVent Electric - NVT Stock Forecast, Price & News

4 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 3 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "buy" NVT shares.
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4 equities research analysts have issued 12-month price objectives for nVent Electric's shares. Their NVT share price forecasts range from $34.00 to $50.00. On average, they anticipate the company's stock price to reach $40.75 in the next twelve months. This suggests a possible upside of 0.8% 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 stock has increased by 5.1% and is now trading at $40.44.
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The company is scheduled to release its next quarterly earnings announcement on Tuesday, February 7th 2023.
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nVent Electric will be holding an earnings conference call on Tuesday, February 7th at 10:00 AM Eastern. Interested parties can register for or listen to the call using this link or dial in at 412-317-0088 with passcode "1387802".

nVent Electric plc (NYSE:NVT) released its earnings results on Thursday, October, 28th. The company reported $0.53 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.48 by $0.05. The company had revenue of $601 million for the quarter, compared to the consensus estimate of $599.16 million. nVent Electric had a net margin of 10.86% and a trailing twelve-month return on equity of 14.69%. The business's revenue was up 18.0% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.45 earnings per share.

nVent Electric declared a quarterly dividend on Tuesday, December 13th. Investors of record on Friday, January 20th will be paid a dividend of $0.175 per share on Friday, February 3rd. This represents a $0.70 annualized dividend and a yield of 1.73%. The ex-dividend date is Thursday, January 19th.
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 1.74%. 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 28.00% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for NVT.

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 retail and institutional investors. Top institutional investors include AMF Tjanstepension AB (1.00%), Vaughan Nelson Investment Management L.P. (0.53%), Allspring Global Investments Holdings LLC (0.41%), Retirement Systems of Alabama (0.28%), Busey Wealth Management (0.19%) and New York State Teachers Retirement System (0.16%). 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 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 $40.44.

nVent Electric (NYSE:NVT) has a market capitalization of $6.74 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.