nVent Electric - NVT Stock Forecast, Price & News

4 Wall Street analysts have issued "buy," "hold," and "sell" ratings for nVent Electric in the last year. There are currently 1 hold rating and 3 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "buy" NVT shares.
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4 Wall Street analysts have issued twelve-month price objectives for nVent Electric's shares. Their NVT share price forecasts range from $34.00 to $50.00. On average, they expect the company's stock price to reach $40.75 in the next year. This suggests that the stock has a possible downside of 6.2%.
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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 12.9% and is now trading at $43.44.
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nVent Electric plc (NYSE:NVT) issued its quarterly earnings data on Thursday, October, 28th. The company reported $0.53 EPS for the quarter, beating the consensus estimate of $0.48 by $0.05. The business earned $601 million during the quarter, compared to analysts' expectations 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 firm's quarterly revenue was up 18.0% compared to the same quarter last year. During the same period in the prior year, the company earned $0.45 EPS.

nVent Electric declared a quarterly dividend on Tuesday, December 13th. Stockholders of record on Friday, January 20th will be given a dividend of $0.175 per share on Friday, February 3rd. This represents a $0.70 annualized dividend and a yield of 1.61%. The ex-dividend date is Thursday, January 19th.
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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.
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nVent Electric updated its FY23 earnings guidance on Tuesday, February, 7th. The company provided earnings per share guidance of $2.51-$2.61 for the period, compared to the consensus estimate of $2.49. The company issued revenue guidance of $2.54-$2.59 billion, compared to the consensus revenue estimate of $2.97 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 variety of 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 Envestnet Asset Management Inc. (0.17%). 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 $43.44.

nVent Electric (NYSE:NVT) has a market capitalization of $7.24 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.