nVent Electric (NVT) Stock Price, News & Analysis

7 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for nVent Electric in the last year. 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.
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7 equities research analysts have issued 12-month target prices for nVent Electric's shares. Their NVT share price targets range from $72.00 to $91.00. On average, they anticipate the company's share price to reach $81.60 in the next twelve months. This suggests a possible upside of 13.9% from the stock's current price.
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nVent Electric's stock was trading at $59.09 at the beginning of 2024. Since then, NVT stock has increased by 21.2% and is now trading at $71.64.
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The company is scheduled to release its next quarterly earnings announcement on Friday, April 26th 2024.
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nVent Electric plc (NYSE:NVT) issued its quarterly earnings data on Tuesday, February, 6th. The company reported $0.78 EPS for the quarter, topping the consensus estimate of $0.75 by $0.03. The business had revenue of $861.20 million for the quarter, compared to analysts' expectations of $866.90 million. nVent Electric had a net margin of 17.38% and a trailing twelve-month return on equity of 17.53%. The firm's revenue for the quarter was up 16.1% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.66 EPS.

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

nVent Electric (NYSE:NVT) pays an annual dividend of $0.76 per share and currently has a dividend yield of 1.06%. 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.
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ETFs with the largest weight of nVent Electric (NYSE:NVT) stock in their portfolio include First Trust IPOX Europe Equity Opportunities ETF (FPXE), First Trust International IPO ETF (FPXI), Janus Henderson US Sustainable Equity ETF (SSPX), Schwab Ariel ESG ETF (SAEF), Natixis Vaughan Nelson Mid Cap ETF (VNMC), Thrivent Small-Mid Cap ESG ETF (TSME), American CenturyFocused Large Cap Value ETF (FLV) and First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund (GRID).

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 EPS 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.

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's stock is owned by many different retail and institutional investors. Top institutional shareholders 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 Norden Group LLC (0.16%). 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.
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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 Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
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