nVent Electric (NYSE:NVT) Research Coverage Started at Glj Research

Glj Research started coverage on shares of nVent Electric (NYSE:NVT) in a research note published on Thursday, Marketbeat reports. The brokerage issued a buy rating on the stock.

A number of other research firms also recently weighed in on NVT. Weiss Ratings downgraded nVent Electric from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Tuesday, February 24th. UBS Group began coverage on nVent Electric in a report on Thursday, November 20th. They issued a “buy” rating and a $128.00 price objective for the company. Citigroup raised their target price on nVent Electric from $131.00 to $133.00 and gave the stock a “buy” rating in a report on Monday, February 9th. Royal Bank Of Canada boosted their target price on nVent Electric from $136.00 to $138.00 and gave the stock an “outperform” rating in a research report on Monday, February 9th. Finally, Wall Street Zen lowered shares of nVent Electric from a “strong-buy” rating to a “buy” rating in a research note on Monday, February 23rd. Ten equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $129.00.

nVent Electric Stock Performance

Shares of NVT opened at $106.03 on Thursday. The company has a market capitalization of $17.15 billion, a PE ratio of 24.66, a price-to-earnings-growth ratio of 1.10 and a beta of 1.31. The company has a debt-to-equity ratio of 0.41, a current ratio of 1.63 and a quick ratio of 1.16. nVent Electric has a one year low of $41.71 and a one year high of $122.92. The company’s fifty day moving average price is $111.71 and its 200 day moving average price is $104.53.

nVent Electric (NYSE:NVT) last posted its quarterly earnings results on Friday, February 6th. The company reported $0.90 earnings per share for the quarter, topping analysts’ consensus estimates of $0.89 by $0.01. nVent Electric had a net margin of 18.25% and a return on equity of 15.18%. The business had revenue of $1.07 billion during the quarter, compared to the consensus estimate of $1 billion. During the same period in the previous year, the firm posted $0.59 earnings per share. nVent Electric’s revenue for the quarter was up 41.9% compared to the same quarter last year. 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, analysts expect that nVent Electric will post 3.04 earnings per share for the current year.

nVent Electric Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, May 8th. Shareholders of record on Friday, April 24th will be paid a $0.21 dividend. This represents a $0.84 dividend on an annualized basis and a yield of 0.8%. The ex-dividend date of this dividend is Friday, April 24th. nVent Electric’s payout ratio is presently 19.53%.

Insiders Place Their Bets

In other news, CEO Beth Wozniak sold 7,597 shares of the firm’s stock in a transaction dated Wednesday, February 11th. The stock was sold at an average price of $116.47, for a total transaction of $884,822.59. Following the sale, the chief executive officer owned 52,990 shares of the company’s stock, valued at $6,171,745.30. This trade represents a 12.54% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Jerry W. Burris sold 5,244 shares of nVent Electric stock in a transaction dated Friday, February 6th. The shares were 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 in the company, valued at $5,206,072.17. This trade represents a 10.16% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold 17,841 shares of company stock worth $2,046,166 over the last ninety days. 1.80% of the stock is currently owned by corporate insiders.

Institutional Trading of nVent Electric

Several hedge funds have recently bought and sold shares of NVT. Annex Advisory Services LLC increased its position in shares of nVent Electric by 3.0% during the fourth quarter. Annex Advisory Services LLC now owns 3,243 shares of the company’s stock worth $331,000 after acquiring an additional 94 shares in the last quarter. NewEdge Wealth LLC lifted its position in nVent Electric by 3.7% in the 4th quarter. NewEdge Wealth LLC now owns 2,620 shares of the company’s stock valued at $267,000 after acquiring an additional 94 shares in the last quarter. CI Investments Inc. boosted its stake in nVent Electric by 15.6% in the 3rd quarter. CI Investments Inc. now owns 712 shares of the company’s stock worth $70,000 after purchasing an additional 96 shares during the period. Laird Norton Wetherby Wealth Management LLC boosted its stake in nVent Electric by 0.9% in the 3rd quarter. Laird Norton Wetherby Wealth Management LLC now owns 10,694 shares of the company’s stock worth $1,055,000 after purchasing an additional 98 shares during the period. Finally, BCS Private Wealth Management Inc. increased its holdings in nVent Electric by 1.5% during the 3rd quarter. BCS Private Wealth Management Inc. now owns 6,631 shares of the company’s stock worth $654,000 after purchasing an additional 100 shares in the last quarter. 90.05% of the stock is currently owned by institutional investors and hedge funds.

About nVent Electric

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.