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S&P 500   5,011.12
DOW   37,775.38
QQQ   423.41
What's Driving Tesla Lower Ahead of its Earnings?
How major US stock indexes fared Thursday, 4/18/2024
3 Steel Stocks Could Soar on New China Tariffs
CSX Co.: The Railroad Powering Ahead with an Earnings Beat
These are the Top 4 Stocks for Buybacks in 2024
Can Netflix Stock Continue Into All-Time Highs After Earnings?
Shares of Walmart-backed Ibotta soar on public debut
S&P 500   5,011.12
DOW   37,775.38
QQQ   423.41
What's Driving Tesla Lower Ahead of its Earnings?
How major US stock indexes fared Thursday, 4/18/2024
3 Steel Stocks Could Soar on New China Tariffs
CSX Co.: The Railroad Powering Ahead with an Earnings Beat
These are the Top 4 Stocks for Buybacks in 2024
Can Netflix Stock Continue Into All-Time Highs After Earnings?
Shares of Walmart-backed Ibotta soar on public debut
S&P 500   5,011.12
DOW   37,775.38
QQQ   423.41
What's Driving Tesla Lower Ahead of its Earnings?
How major US stock indexes fared Thursday, 4/18/2024
3 Steel Stocks Could Soar on New China Tariffs
CSX Co.: The Railroad Powering Ahead with an Earnings Beat
These are the Top 4 Stocks for Buybacks in 2024
Can Netflix Stock Continue Into All-Time Highs After Earnings?
Shares of Walmart-backed Ibotta soar on public debut

nVent Electric (NVT) Stock Price, News & Analysis

$71.56
-0.98 (-1.35%)
(As of 04/18/2024 ET)
Today's Range
$71.45
$73.65
50-Day Range
$62.21
$78.13
52-Week Range
$40.19
$78.98
Volume
1.66 million shs
Average Volume
1.17 million shs
Market Capitalization
$11.88 billion
P/E Ratio
21.23
Dividend Yield
1.06%
Price Target
$81.60

nVent Electric MarketRank™ Stock Analysis

Analyst Rating
Moderate Buy
2.86 Rating Score
Upside/​Downside
14.0% Upside
$81.60 Price Target
Short Interest
Healthy
1.24% of Float Sold Short
Dividend Strength
Moderate
Based on Four Factors
Sustainability
N/A
News Sentiment
1.51mentions of nVent Electric in the last 14 days
Based on 4 Articles This Week
Insider Trading
Selling Shares
$25.71 M Sold Last Quarter
Proj. Earnings Growth
9.57%
From $3.24 to $3.55 Per Share

Overall MarketRank

New Rank-Based ScoringMarketRank is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

4.17 out of 5 stars

Computer And Technology Sector

145th out of 583 stocks

Special Industry Machinery, Except Metalworking Machinery Industry

2nd out of 4 stocks

NVT stock logo

About nVent Electric Stock (NYSE:NVT)

nVent Electric plc, together with its subsidiaries, designs, manufactures, markets, installs, and services electrical connection and protection solutions in North America, Europe, the Middle East, Africa, the Asia Pacific, and internationally. The company operates through three segments: Enclosures, Electrical & Fastening Solutions, and Thermal Management. The Enclosures segment provides solutions to protect electronics and data in mission critical applications, including data solutions. This segment also offers digital and automation solutions, system integrations, and global services. The Electrical & Fastening Solutions segment provides solutions that connect and protect power and data infrastructure. This segment also offers power connections, fastening solutions, cable management solutions, grounding and bonding systems, and tools and test instruments. The Thermal Management segment offers heat management solutions that protect people and assets. This segment includes heat tracing for freeze protection and process temperature maintenance and control; pipe freeze protection, surface deicing, hot water temperature maintenance, floor heating, fire-rated wiring, and leak detection; and heat trace systems, connected controls, remote monitoring, and annual service programs. The company markets its products through electrical distributors, contractors, and original equipment manufacturers under the CADDY, ERICO, GARDNER BENDER, HOFFMAN, ILSCO, RAYCHEM, SCHROFF, and TRACER brand names. Its products are used for various applications, such as industrial, commercial and residential, infrastructure, and energy. nVent Electric plc was founded in 1903 and is based in London, the United Kingdom.

NVT Stock Price History

NVT Stock News Headlines

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nVent Electric (NYSE:NVT) PT Raised to $91.00
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Beyond The Numbers: 4 Analysts Discuss nVent Electric Stock
NVT Aug 2024 40.000 call
nVent Electric declares $0.19 dividend
nVent Announces Quarterly Cash Dividend
nVent Announces Quarterly Cash Dividend
NVT Mar 2024 50.000 call
NVT Mar 2024 75.000 call
See More Headlines
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Company Calendar

Ex-Dividend for 2/2 Dividend
1/18/2024
Dividend Payable
2/02/2024
Last Earnings
2/06/2024
Today
4/18/2024
Ex-Dividend for 5/10 Dividend
4/25/2024
Next Earnings (Estimated)
4/26/2024
Dividend Payable
5/10/2024
Fiscal Year End
12/31/2024

Industry, Sector and Symbol

Industry
Special industry machinery, except metalworking machinery
Sub-Industry
N/A
Fax
N/A
Employees
11,300
Year Founded
N/A

Price Target and Rating

Average Stock Price Target
$81.60
High Stock Price Target
$91.00
Low Stock Price Target
$72.00
Potential Upside/Downside
+14.0%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.86
Research Coverage
7 Analysts

Profitability

Net Income
$567.10 million
Pretax Margin
15.31%

Debt

Sales & Book Value

Annual Sales
$3.26 billion
Cash Flow
$3.91 per share
Book Value
$19.03 per share

Miscellaneous

Free Float
161,806,000
Market Cap
$11.88 billion
Optionable
Optionable
Beta
1.35
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NVT Stock Analysis - Frequently Asked Questions

Should I buy or sell nVent Electric stock right now?

7 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for nVent Electric in the last twelve months. There are currently 1 hold rating and 6 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "moderate buy" NVT shares.
View NVT analyst ratings
or view top-rated stocks.

What is nVent Electric's stock price target for 2024?

7 Wall Street analysts have issued twelve-month target prices for nVent Electric's stock. Their NVT share price targets range from $72.00 to $91.00. On average, they expect the company's stock price to reach $81.60 in the next year. This suggests a possible upside of 14.0% from the stock's current price.
View analysts price targets for NVT
or view top-rated stocks among Wall Street analysts.

How have NVT shares performed in 2024?

nVent Electric's stock was trading at $59.09 at the start of the year. Since then, NVT stock has increased by 21.1% and is now trading at $71.56.
View the best growth stocks for 2024 here
.

When is nVent Electric's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Friday, April 26th 2024.
View our NVT earnings forecast
.

How were nVent Electric's earnings last quarter?

nVent Electric plc (NYSE:NVT) announced its quarterly earnings results on Tuesday, February, 6th. The company reported $0.78 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.75 by $0.03. The business had revenue of $861.20 million for the quarter, compared to the consensus estimate of $866.90 million. nVent Electric had a net margin of 17.38% and a trailing twelve-month return on equity of 17.53%. nVent Electric's revenue for the quarter was up 16.1% on a year-over-year basis. During the same period in the previous year, the company earned $0.66 EPS.

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

nVent Electric declared a quarterly dividend on Monday, February 19th. Investors of record on Friday, April 26th will be given a dividend of $0.19 per share on Friday, May 10th. This represents a $0.76 annualized dividend and a yield of 1.06%. The ex-dividend date is Thursday, April 25th.
Read our dividend analysis for NVT
.

Is nVent Electric a good dividend stock?

nVent Electric (NYSE:NVT) pays an annual dividend of $0.76 per share and currently has a dividend yield of 1.05%. The company does not yet have a strong track record of dividend growth. The dividend payout ratio is 22.55%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, NVT will have a dividend payout ratio of 21.41% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for NVT.

What guidance has nVent Electric issued on next quarter's earnings?

nVent Electric updated its FY24 earnings guidance on Tuesday, February, 6th. The company provided earnings per share guidance of $3.17-3.27 for the period, compared to the consensus earnings per share estimate of $3.32. The company issued revenue guidance of ~$3.52-3.59 billion, compared to the consensus revenue estimate of $3.57 billion.

What is Beth Wozniak's approval rating as nVent Electric's CEO?

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.

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), AbbVie (ABBV), AT&T (T), Waste Connections (WCN), Pfizer (PFE), QUALCOMM (QCOM), Allena Pharmaceuticals (ALNA), Caterpillar (CAT), CenterPoint Energy (CNP) and CVS Health (CVS).

Who are nVent Electric's major shareholders?

nVent Electric's stock is owned by a number of institutional and retail investors. Top institutional investors include Congress Asset Management Co. MA (1.34%), AMF Tjanstepension AB (0.80%), Artemis Investment Management LLP (0.34%), Vaughan Nelson Investment Management L.P. (0.32%), Allspring Global Investments Holdings LLC (0.25%) and Congress Wealth Management LLC DE (0.15%). Insiders that own company stock include Beth Wozniak, Greg Scheu, Herbert K Parker, Jerry W Burris, Joseph A Ruzynski, Lynnette R Heath, Michael B Faulconer, Randall J Hogan, Randolph A Wacker, Ronald Merriman, Sara E Zawoyski and Sara E Zawoyski.
View institutional ownership trends
.

How do I buy shares of nVent Electric?

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

This page (NYSE:NVT) was last updated on 4/19/2024 by MarketBeat.com Staff

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