nVent Electric - NVT Stock Forecast, Price & News

nVent Electric plc designs, manufactures, markets, installs, and services electrical connection and protection products worldwide. The company operates through three segments: Enclosures, Electrical & Fastening Solutions, and Thermal Management. The Enclosures segment provides solutions to connect and protect critical electronics, communication, control, and power equipment; physical infrastructure solutions to host, connect, and protect server and network equipment; and indoor and outdoor protection for test and measurement and aerospace and defense applications in industrial, infrastructure, commercial, and energy verticals. Its products also include metallic and non-metallic enclosures, cabinets, sub racks, and backplanes. The Electrical & Fastening Solutions segment offers fastening solutions to connect and protect electrical and mechanical systems, and civil structures. It also provides engineered electrical and fastening products. The Thermal Management segment offers electric thermal solutions that connect and protect buildings, infrastructure, industrial processes, and people. This segment provides thermal management systems comprising heat tracing, floor heating, fire-rated and specialty wiring, sensing, and snow melting and de-icing solutions. The company sells its products under the CADDY, ERICO, HOFFMAN, RAYCHEM, SCHROFF, and TRACER brands. nVent Electric plc markets its products through electrical distributors, data center contractors, original equipment manufacturers, and maintenance contractors. It serves the energy, industrial, infrastructure, and commercial and residential sectors. The company was founded in 1903 and is based in London, the United Kingdom.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on NVT shares. Royal Bank of Canada increased their price objective on shares of nVent Electric from $36.00 to $39.00 and gave the stock an "outperform" rating in a research report on Monday, August 1st. The Goldman Sachs Group reduced their price objective on shares of nVent Electric from $43.00 to $38.00 and set a "buy" rating on the stock in a research report on Thursday, June 23rd. Finally, Barclays increased their price objective on shares of nVent Electric from $43.00 to $47.00 and gave the stock an "overweight" rating in a research report on Monday, August 1st. Five investment analysts have rated the stock with a buy rating, According to data from MarketBeat, the stock presently has a consensus rating of "Buy" and a consensus target price of $41.80.

nVent Electric Stock Up 0.6 %

Shares of NYSE:NVT traded up $0.22 during midday trading on Monday, reaching $36.43. 390,004 shares of the company's stock traded hands, compared to its average volume of 822,957. The company has a market cap of $6.07 billion, a price-to-earnings ratio of 21.18 and a beta of 1.43. nVent Electric has a one year low of $29.19 and a one year high of $39.53. The company has a quick ratio of 1.13, a current ratio of 1.75 and a debt-to-equity ratio of 0.40. The stock's 50 day simple moving average is $32.94 and its 200-day simple moving average is $33.96.

nVent Electric (NYSE:NVT - Get Rating) last posted 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. nVent Electric had a net margin of 10.57% and a return on equity of 14.02%. The business had revenue of $728.00 million during the quarter, compared to the consensus estimate of $687.72 million. During the same period in the previous year, the firm posted $0.50 earnings per share. The business's revenue for the quarter was up 21.1% compared to the same quarter last year. On average, analysts predict that nVent Electric will post 2.22 EPS for the current fiscal year.

Insider Buying and Selling

In related news, CAO Randolph A. Wacker sold 2,784 shares of the firm's stock in a transaction on Wednesday, August 10th. The shares were sold at an average price of $35.71, for a total transaction of $99,416.64. Following the completion of the transaction, the chief accounting officer now owns 13,531 shares of the company's stock, valued at $483,192.01. The sale was disclosed in a filing with the SEC, which is available at the SEC website. In other nVent Electric news, insider Michael B. Faulconer sold 1,590 shares of nVent Electric stock in a transaction on Wednesday, August 10th. The shares were sold at an average price of $35.71, for a total value of $56,778.90. Following the completion of the transaction, the insider now owns 19,106 shares of the company's stock, valued at $682,275.26. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CAO Randolph A. Wacker sold 2,784 shares of nVent Electric stock in a transaction on Wednesday, August 10th. The shares were sold at an average price of $35.71, for a total transaction of $99,416.64. Following the completion of the transaction, the chief accounting officer now directly owns 13,531 shares of the company's stock, valued at approximately $483,192.01. The disclosure for this sale can be found here. 2.10% of the stock is currently owned by corporate insiders.