Wall Street Zen Upgrades nVent Electric (NYSE:NVT) to “Strong-Buy”

nVent Electric (NYSE:NVT) was upgraded by investment analysts at Wall Street Zen from a “buy” rating to a “strong-buy” rating in a report issued on Sunday.

Other equities research analysts also recently issued reports about the stock. UBS Group began coverage on shares of nVent Electric in a report on Thursday, November 20th. They issued a “buy” rating and a $128.00 target price for the company. KeyCorp upped their price objective on shares of nVent Electric from $125.00 to $130.00 and gave the company an “overweight” rating in a research report on Monday, February 9th. Royal Bank Of Canada boosted their price objective on nVent Electric from $136.00 to $138.00 and gave the company an “outperform” rating in a report on Monday, February 9th. Roth Mkm reissued a “buy” rating and issued a $130.00 price target (up previously from $115.00) on shares of nVent Electric in a report on Monday, November 3rd. Finally, Zacks Research cut nVent Electric from a “strong-buy” rating to a “hold” rating in a research note on Friday, February 6th. Ten investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $126.25.

nVent Electric Stock Performance

NYSE NVT opened at $113.13 on Friday. The stock’s 50 day simple moving average is $108.07 and its 200-day simple moving average is $101.64. nVent Electric has a 1-year low of $41.71 and a 1-year high of $120.85. The company has a debt-to-equity ratio of 0.41, a current ratio of 1.63 and a quick ratio of 1.16. The company has a market cap of $18.25 billion, a PE ratio of 26.31, a price-to-earnings-growth ratio of 1.18 and a beta of 1.33.

nVent Electric (NYSE:NVT) last announced its earnings results on Friday, February 6th. The company reported $0.90 earnings per share for the quarter, topping the consensus estimate of $0.89 by $0.01. The company had revenue of $1.07 billion during the quarter, compared to analyst estimates of $1 billion. nVent Electric had a net margin of 18.25% and a return on equity of 15.18%. nVent Electric’s revenue was up 41.9% compared to the same quarter last year. During the same quarter last year, the firm posted $0.59 earnings per share. nVent Electric has set its Q1 2026 guidance at 0.900-0.930 EPS and its FY 2026 guidance at 4.000-4.150 EPS. As a group, equities research analysts anticipate that nVent Electric will post 3.04 EPS for the current fiscal year.

Insider Transactions at nVent Electric

In related news, Director Susan M. Cameron sold 5,000 shares of the company’s stock in a transaction dated Tuesday, February 10th. The stock was sold at an average price of $114.52, for a total transaction of $572,600.00. Following the sale, the director owned 13,405 shares in the company, valued at approximately $1,535,140.60. This represents a 27.17% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Jerry W. Burris sold 5,244 shares of nVent Electric stock in a transaction dated Friday, February 6th. The stock was sold at an average price of $112.27, for a total value of $588,743.88. Following the transaction, the director owned 46,371 shares of the company’s stock, valued at $5,206,072.17. The trade was a 10.16% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 27,569 shares of company stock worth $3,084,372 in the last quarter. 1.80% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On nVent Electric

Hedge funds and other institutional investors have recently modified their holdings of the business. Global Trust Asset Management LLC purchased a new position in nVent Electric during the 3rd quarter worth $30,000. Root Financial Partners LLC purchased a new position in nVent Electric in the 3rd quarter valued at approximately $31,000. Manchester Capital Management LLC raised its stake in shares of nVent Electric by 128.1% during the 4th quarter. Manchester Capital Management LLC now owns 308 shares of the company’s stock valued at $31,000 after purchasing an additional 173 shares during the period. True Wealth Design LLC lifted its holdings in shares of nVent Electric by 1,202.9% in the second quarter. True Wealth Design LLC now owns 443 shares of the company’s stock worth $32,000 after buying an additional 409 shares in the last quarter. Finally, Cullen Frost Bankers Inc. bought a new position in nVent Electric in the 4th quarter valued at $32,000. Institutional investors own 90.05% of the company’s stock.

nVent Electric Company Profile

nVent Electric PLC is a global manufacturer of electrical connection, protection and thermal management solutions. The company designs, engineers and produces a broad portfolio of products aimed at enhancing safety, reliability and performance in electrical systems across a variety of industries. Its core offerings include electrical enclosures, heat tracing systems, grounding and bonding products, cable management, and fastening solutions. nVent serves markets such as commercial and industrial construction, oil and gas, telecommunications, data centers, utilities, and renewable energy.

The company’s electrical enclosures and housing solutions protect sensitive components from environmental hazards, while its Raychem brand heat tracing products provide freeze protection and temperature maintenance for critical piping and equipment.