nVent Electric (NYSE:NVT) Given New $131.00 Price Target at Citigroup

nVent Electric (NYSE:NVT) had its target price upped by Citigroup from $114.00 to $131.00 in a research note released on Monday morning,Benzinga reports. Citigroup currently has a buy rating on the stock.

Other equities analysts also recently issued reports about the stock. Barclays reissued an “overweight” rating and issued a $130.00 price target on shares of nVent Electric in a research note on Monday. Royal Bank Of Canada lifted their target price on shares of nVent Electric from $117.00 to $133.00 and gave the stock an “outperform” rating in a research note on Monday. Wall Street Zen raised shares of nVent Electric from a “hold” rating to a “buy” rating in a research note on Saturday, July 12th. KeyCorp lifted their target price on shares of nVent Electric from $103.00 to $114.00 and gave the stock an “overweight” rating in a research note on Tuesday, October 14th. Finally, The Goldman Sachs Group lifted their target price on shares of nVent Electric from $111.00 to $140.00 and gave the stock a “buy” rating in a research note on Monday. One research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Buy” and a consensus price target of $121.14.

nVent Electric Stock Performance

NYSE:NVT opened at $112.52 on Monday. The company’s 50-day moving average price is $97.77 and its 200-day moving average price is $81.00. The company has a current ratio of 1.57, a quick ratio of 1.11 and a debt-to-equity ratio of 0.44. The company has a market cap of $18.11 billion, a P/E ratio of 31.00, a P/E/G ratio of 1.70 and a beta of 1.40. nVent Electric has a twelve month low of $41.71 and a twelve month high of $117.52.

nVent Electric (NYSE:NVT) last posted its quarterly earnings results on Friday, October 31st. The company reported $0.91 earnings per share for the quarter, topping the consensus estimate of $0.88 by $0.03. The firm had revenue of $1.05 billion for the quarter, compared to the consensus estimate of $1.01 billion. nVent Electric had a net margin of 16.83% and a return on equity of 14.29%. The company’s revenue for the quarter was up 34.8% on a year-over-year basis. During the same period last year, the firm posted $0.63 earnings per share. nVent Electric has set its Q4 2025 guidance at 0.870-0.890 EPS. FY 2025 guidance at 3.310-3.330 EPS. On average, sell-side analysts forecast that nVent Electric will post 3.04 earnings per share for the current fiscal year.

nVent Electric Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, November 7th. Stockholders of record on Friday, October 17th will be paid a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a dividend yield of 0.7%. The ex-dividend date of this dividend is Friday, October 17th. nVent Electric’s payout ratio is 22.04%.

Insider Activity

In other news, CAO Randolph A. Wacker sold 3,000 shares of the business’s stock in a transaction that occurred on Thursday, August 7th. The shares were sold at an average price of $89.09, for a total value of $267,270.00. Following the sale, the chief accounting officer directly owned 27,525 shares of the company’s stock, valued at approximately $2,452,202.25. The trade was a 9.83% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Beth Wozniak sold 42,331 shares of the business’s stock in a transaction that occurred on Monday, August 18th. The shares were sold at an average price of $89.21, for a total transaction of $3,776,348.51. Following the completion of the sale, the chief executive officer directly owned 49,196 shares in the company, valued at $4,388,775.16. This trade represents a 46.25% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last three months, insiders have sold 69,865 shares of company stock valued at $6,251,679. Company insiders own 2.50% of the company’s stock.

Institutional Investors Weigh In On nVent Electric

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. XTX Topco Ltd grew its holdings in shares of nVent Electric by 192.2% in the first quarter. XTX Topco Ltd now owns 12,284 shares of the company’s stock valued at $644,000 after purchasing an additional 8,080 shares in the last quarter. Hsbc Holdings PLC grew its holdings in shares of nVent Electric by 32.4% in the first quarter. Hsbc Holdings PLC now owns 50,670 shares of the company’s stock valued at $2,623,000 after purchasing an additional 12,386 shares in the last quarter. Nordea Investment Management AB grew its holdings in shares of nVent Electric by 3.9% in the second quarter. Nordea Investment Management AB now owns 117,851 shares of the company’s stock valued at $8,613,000 after purchasing an additional 4,427 shares in the last quarter. Strs Ohio acquired a new position in shares of nVent Electric in the first quarter valued at approximately $5,294,000. Finally, Pallas Capital Advisors LLC acquired a new position in shares of nVent Electric in the second quarter valued at approximately $322,000. 90.05% of the stock is owned by hedge funds and other institutional investors.

nVent Electric Company Profile

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.