NYSE:NVTnVent Electric Stock Price, Forecast & News

$19.17

+0.47 (+2.51 %)

(As of 05/27/2020 04:00 PM ET)

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Today's Range

$18.74

Now: $19.17▼

$19.40

50-Day Range

$16.43

MA: $17.73▼

$19.09

52-Week Range

$10.53

Now: $19.17▼

$28.75

Volume1.61 million shs

Average Volume1.20 million shs

Market Capitalization$3.26 billion

P/E Ratio17.75

Dividend Yield3.74%

Beta1.54

nVent Electric plc designs, manufactures, markets, installs, and services electrical connection and protection products in the United States, Canada, Mexico, Europe, the Middle East, Africa, and internationally. The company operates through three segments: Enclosures, Thermal Management, and Electrical & Fastening Solutions. The Enclosures segment provides solutions to protect, connect, and manage heat in critical electronics, communication, control, and power equipment; physical infrastructure solutions to host, connect, and protect server and network equipment; and indoor and outdoor protection solutions for broadband voice, data, and video surveillance applications. Its products also include metallic and non-metallic enclosures, cabinets, subracks, and backplanes. The Thermal Management segment offers electric thermal solutions that connect and protect critical buildings, infrastructure, industrial processes, and people. Its thermal management systems comprise heat tracing, floor heating, fire-rated and specialty wiring, sensing, and snow melting and de-icing solutions. The Electrical & Fastening Solutions segment provides fastening solutions to connect and protect electrical and mechanical systems, and civil structures. It provides engineered electrical and fastening products. The company sells its products under the CADDY, ERICO, HOFFMAN, RAYCHEM, SCHROFF, and TRACER brands. It markets its products through electrical distributors, data center contractors, original equipment manufacturers, greenfield development contractors, and maintenance contractors. The company serves energy, industrial, infrastructure, and commercial and residential sectors. nVent Electric plc was incorporated in 2017 and is based in London, the United Kingdom.

Beat the Market (BTM) Rank^™

3.2 Analyst's Opinion

Consensus Rating
nVent Electric has received a consensus rating of Hold. The company's average rating score is 2.44, and is based on 4 buy ratings, 5 hold ratings, and no sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of $26.00, nVent Electric has a potential upside of 35.6% from its current price of $19.17.
Amount of Analyst Coverage
nVent Electric has only been the subject of 2 research reports in the past 90 days.

2.3 Community Rank

Outperform Votes
nVent Electric has received 123 “outperform” votes. (Add your “outperform” vote.)
Underperform Votes
nVent Electric has received 139 “underperform” votes. (Add your “underperform” vote.)
Community Sentiment
nVent Electric has received 53.05% “underperform” votes from our community.

MarketBeat's community ratings are surveys of what our community members think about nVent Electric and other stocks. Vote “Outperform” if you believe NVT will outperform the S&P 500 over the long term. Vote “Underperform” if you believe NVT will underperform the S&P 500 over the long term. You may vote once every thirty days.

3.3 Dividend Strength

Dividend Leadership
nVent Electric is a leading dividend payer. It pays a dividend yield of 3.74%, putting its dividend yield in the top 25% of dividend-paying stocks.
Dividend Growth
nVent Electric has only been increasing its dividend for 1 years.
Dividend Coverage
The dividend payout ratio of nVent Electric is 39.33 %. This payout ratio is at a healthy, sustainable level, below 75%.
Dividend Sustainability
Based on earnings estimates, nVent Electric will have a dividend payout ratio of 44.30 % next year. This indicates that nVent Electric will be able to sustain or increase its dividend.

4.0 Company Ownership

Insider Buying vs. Insider Selling
In the past three months, nVent Electric insiders have bought more of their company's stock than they have sold. Specifically, they have bought $35,000.00 in company stock and sold $0.00 in company stock.
Percentage Held by Insiders
Only 1.79% of the stock of nVent Electric is held by insiders.
Percentage Held by Institutions
86.97% of the stock of nVent Electric is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

1.9 Earnings and Valuation

Earnings Growth
Earnings for nVent Electric are expected to grow by 21.54% in the coming year, from $1.30 to $1.58 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of nVent Electric is 17.75, which means that it is trading at a more expensive P/E ratio than the market average P/E ratio of about 14.82.
Price to Earnings Ratio vs. Sector
The P/E ratio of nVent Electric is 17.75, which means that it is trading at a less expensive P/E ratio than the Computer and Technology sector average P/E ratio of about 40.94.
Price to Earnings Growth Ratio
nVent Electric has a PEG Ratio of 2.90. PEG Ratios above 1 indicate that a company could be overvalued.
Price to Book Value per Share Ratio
nVent Electric has a P/B Ratio of 1.26. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

Overall Beat the Market Rank^™

2.95 out of 5 stars

Industry, Sector and Symbol

Stock Exchange NYSE

Industry Special industry machinery, except metalworking machinery

Sub-IndustryN/A

SectorComputer and Technology

Current SymbolNYSE:NVT

Previous Symbol

CUSIPN/A

CIK1720635

Webwww.nvent.com

Phone44-20-3966-0279

Debt

Debt-to-Equity Ratio0.46

Current Ratio2.16

Quick Ratio1.56

Price-To-Earnings

Trailing P/E Ratio17.75

Forward P/E Ratio14.75

P/E Growth2.9

Sales & Book Value

Annual Sales$2.20 billion

Price / Sales1.48

Cash Flow$2.53 per share

Price / Cash Flow7.57

Book Value$15.17 per share

Price / Book1.26

Profitability

EPS (Most Recent Fiscal Year)$1.78

Net Income$222.70 million

Net Margins8.45%

Return on Equity11.56%

Return on Assets6.43%

Miscellaneous

Employees9,500

Outstanding Shares169,850,000

Market Cap$3.26 billion

Next Earnings Date8/6/2020 (Estimated)

OptionableOptionable

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nVent Electric (NYSE:NVT) Frequently Asked Questions

How has nVent Electric's stock been impacted by COVID-19 (Coronavirus)?

nVent Electric's stock was trading at $19.11 on March 11th, 2020 when Coronavirus (COVID-19) reached pandemic status according to the World Health Organization. Since then, NVT shares have increased by 0.3% and is now trading at $19.17. View which stocks have been most impacted by Coronavirus.

Do Wall Street analysts recommend investors buy shares of nVent Electric?

9 Wall Street analysts have issued "buy," "hold," and "sell" ratings for nVent Electric in the last year. There are currently 5 hold ratings and 4 buy ratings for the stock, resulting in a consensus recommendation of "Hold." View analyst ratings for nVent Electric.

When is nVent Electric's next earnings date?

nVent Electric is scheduled to release its next quarterly earnings announcement on Thursday, August 6th 2020. View our earnings forecast for nVent Electric.

How were nVent Electric's earnings last quarter?

nVent Electric PLC (NYSE:NVT) announced its quarterly earnings data on Wednesday, April, 29th. The company reported $0.34 EPS for the quarter, missing analysts' consensus estimates of $0.37 by $0.03. The business earned $520.90 million during the quarter, compared to analysts' expectations of $535.91 million. nVent Electric had a return on equity of 11.56% and a net margin of 8.45%. The firm's revenue for the quarter was down 3.2% compared to the same quarter last year. During the same period in the previous year, the company earned $0.39 EPS. View nVent Electric's earnings history.

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

nVent Electric declared a quarterly dividend on Thursday, May 14th. Shareholders of record on Friday, July 24th will be paid a dividend of $0.175 per share on Friday, August 7th. This represents a $0.70 annualized dividend and a yield of 3.65%. The ex-dividend date of this dividend is Thursday, July 23rd. View nVent Electric's dividend history.

What price target have analysts set for NVT?

9 Wall Street analysts have issued 1-year price targets for nVent Electric's shares. Their forecasts range from $21.00 to $32.00. On average, they anticipate nVent Electric's share price to reach $26.00 in the next twelve months. This suggests a possible upside of 35.6% from the stock's current price. View analysts' price targets for nVent Electric.

Has nVent Electric been receiving favorable news coverage?

Media coverage about NVT stock has trended positive on Thursday, InfoTrie Sentiment Analysis reports. The research firm identifies positive and negative press coverage by analyzing more than six thousand news and blog sources. The firm ranks coverage of public companies on a scale of -5 to 5, with scores closest to five being the most favorable. nVent Electric earned a media sentiment score of 2.4 on InfoTrie's scale. They also assigned headlines about the company a news buzz of 0.0 out of 10, meaning that recent press coverage is extremely unlikely to have an impact on the stock's share price in the near future. View the latest news aboutnVent Electric.

Are investors shorting nVent Electric?

nVent Electric saw a increase in short interest during the month of May. As of May 15th, there was short interest totaling 2,340,000 shares, an increase of 9.3% from the April 30th total of 2,140,000 shares. Based on an average daily trading volume, of 1,230,000 shares, the short-interest ratio is presently 1.9 days. Currently, 1.5% of the company's shares are short sold. View nVent Electric's Current Options Chain.

Who are some of nVent Electric's key competitors?

Some companies that are related to nVent Electric include Zillow Group (ZG), REA Group (REA), Line (LN), Qorvo (QRVO), Xero (XRO), Mongodb (MDB), Afterpay Touch Group (APT), Waters (WAT), Nice (NICE), Ubiquiti (UI), Fair Isaac (FICO), TDK (TTDKY), ZTE CORP/ADR (ZTCOY), Wirecard (WDI) and Open Text (OTEX). View all competitors.

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), QUALCOMM (QCOM), AT&T (T), Delta Air Lines (DAL), AbbVie (ABBV), Bank of America (BAC), Carnival (CCL), General Electric (GE), JPMorgan Chase & Co. (JPM) and Kraft Heinz (KHC).

Who are nVent Electric's key executives?

nVent Electric's management team includes the following people:

Ms. Beth A. Wozniak, CEO & Director (Age 54)
Ms. Stacy Powell McMahan, Exec. VP & CFO (Age 55)
Mr. Jon D. Lammers, Exec. VP, Gen. Counsel & Sec. (Age 54)
Ms. Lynnette R. Heath, Exec. VP & Chief HR Officer (Age 51)
Mr. Thomas F. Pettit, Exec. VP & Chief Integrated Supply Chain Officer (Age 50)

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 variety of retail and institutional investors. Top institutional shareholders include BlackRock Inc. (8.02%), State Street Corp (7.32%), Franklin Resources Inc. (3.53%), Wellington Management Group LLP (2.05%), Geode Capital Management LLC (1.23%) and Invesco Ltd. (1.18%). Company insiders that own nVent Electric stock include Beth Wozniak, Michael L Ducker, Randall J Hogan, Trian Fund Management, LP and William T Monahan. View institutional ownership trends for nVent Electric.

Which major investors are selling nVent Electric stock?

NVT stock was sold by a variety of institutional investors in the last quarter, including State Street Corp, Balyasny Asset Management LLC, BlackRock Inc., AQR Capital Management LLC, Luminus Management LLC, CNH Partners LLC, AJO LP, and UBS Group AG. Company insiders that have sold nVent Electric company stock in the last year include Randall J Hogan, and William T Monahan. View insider buying and selling activity for nVent Electric.

Which major investors are buying nVent Electric stock?

NVT stock was bought by a variety of institutional investors in the last quarter, including Waddell & Reed Financial Inc., Wellington Management Group LLP, Invesco Ltd., JPMorgan Chase & Co., Schroder Investment Management Group, Vaughan Nelson Investment Management L.P., Sasco Capital Inc. CT, and Wells Fargo & Company MN. Company insiders that have bought nVent Electric stock in the last two years include Beth Wozniak, Michael L Ducker, and Trian Fund Management, LP. View insider buying and selling activity for nVent Electric.

How do I buy shares of nVent Electric?

Shares of NVT can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.

What is nVent Electric's stock price today?

One share of NVT stock can currently be purchased for approximately $19.17.

How big of a company is nVent Electric?

nVent Electric has a market capitalization of $3.26 billion and generates $2.20 billion in revenue each year. The company earns $222.70 million in net income (profit) each year or $1.78 on an earnings per share basis. nVent Electric employs 9,500 workers across the globe.

What is nVent Electric's official website?

The official website for nVent Electric is www.nvent.com.

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 company can be reached via phone at 44-20-3966-0279 or via email at [email protected]

This page was last updated on 5/28/2020 by MarketBeat.com Staff