The Goldman Sachs Group Issues Positive Forecast for nVent Electric (NYSE:NVT) Stock Price

nVent Electric (NYSE:NVT) had its price target lifted by The Goldman Sachs Group from $111.00 to $140.00 in a research note published on Monday,Benzinga reports. The Goldman Sachs Group currently has a buy rating on the stock.

NVT has been the subject of several other research reports. Royal Bank Of Canada increased their price objective on shares of nVent Electric from $117.00 to $133.00 and gave the company an “outperform” rating in a research report on Monday. Roth Capital reissued a “buy” rating and set a $130.00 price target (up previously from $115.00) on shares of nVent Electric in a research report on Monday. Wall Street Zen raised shares of nVent Electric from a “hold” rating to a “buy” rating in a research report on Saturday, July 12th. KeyCorp raised their price target on shares of nVent Electric from $103.00 to $114.00 and gave the stock an “overweight” rating in a research report on Tuesday, October 14th. Finally, Weiss Ratings reissued a “hold (c+)” rating on shares of nVent Electric in a research report on Wednesday, October 8th. One equities research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and one has given a Hold rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Buy” and a consensus target price of $121.14.

nVent Electric Stock Down 1.6%

Shares of NYSE:NVT opened at $112.52 on Monday. The company has a quick ratio of 1.11, a current ratio of 1.57 and a debt-to-equity ratio of 0.44. nVent Electric has a 52-week low of $41.71 and a 52-week high of $117.52. The company has a 50 day moving average of $97.77 and a two-hundred day moving average of $81.00. The company has a market capitalization of $18.11 billion, a price-to-earnings ratio of 31.00, a price-to-earnings-growth ratio of 1.70 and a beta of 1.40.

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

nVent Electric Dividend Announcement

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

Insiders Place Their Bets

In other nVent Electric news, CAO Randolph A. Wacker sold 3,000 shares of nVent Electric stock in a transaction 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 completion of the transaction, the chief accounting officer owned 27,525 shares of the company’s stock, valued at $2,452,202.25. The trade was a 9.83% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, EVP Aravind Padmanabhan sold 24,534 shares of nVent Electric stock in a transaction on Tuesday, August 12th. The stock was sold at an average price of $90.00, for a total transaction of $2,208,060.00. Following the completion of the transaction, the executive vice president directly owned 12,063 shares of the company’s stock, valued at approximately $1,085,670. This represents a 67.04% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 69,865 shares of company stock valued at $6,251,679 over the last 90 days. 2.50% of the stock is owned by company insiders.

Hedge Funds Weigh In On nVent Electric

Hedge funds have recently added to or reduced their stakes in the business. Global Trust Asset Management LLC acquired a new position in nVent Electric in the third quarter worth $30,000. Root Financial Partners LLC acquired a new position in shares of nVent Electric during the third quarter valued at $31,000. First Horizon Corp acquired a new position in shares of nVent Electric during the third quarter valued at $41,000. Trust Co. of Vermont boosted its holdings in shares of nVent Electric by 57.8% during the second quarter. Trust Co. of Vermont now owns 434 shares of the company’s stock valued at $32,000 after acquiring an additional 159 shares during the period. Finally, Manchester Capital Management LLC boosted its holdings in shares of nVent Electric by 222.2% during the second quarter. Manchester Capital Management LLC now owns 435 shares of the company’s stock valued at $32,000 after acquiring an additional 300 shares during the period. Institutional investors and hedge funds own 90.05% of the company’s stock.

About nVent Electric

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.