nVent Electric (NYSE:NVT) Price Target Raised to $135.00 at Roth Mkm

nVent Electric (NYSE:NVT) had its price target boosted by Roth Mkm from $130.00 to $135.00 in a research note released on Monday,Benzinga reports. Roth Mkm currently has a buy rating on the stock.

Several other brokerages also recently issued reports on NVT. Zacks Research downgraded shares of nVent Electric from a “strong-buy” rating to a “hold” rating in a research report on Friday, February 6th. Royal Bank Of Canada upped their target price on shares of nVent Electric from $138.00 to $143.00 and gave the stock an “outperform” rating in a research note on Thursday, March 19th. Glj Research initiated coverage on nVent Electric in a report on Thursday, March 5th. They set a “buy” rating and a $151.00 target price for the company. Wall Street Zen downgraded nVent Electric from a “strong-buy” rating to a “buy” rating in a research note on Monday, February 23rd. Finally, UBS Group restated a “buy” rating and issued a $135.00 price target on shares of nVent Electric in a report on Friday, March 13th. Ten equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $138.50.

nVent Electric Trading Up 4.4%

NYSE:NVT opened at $121.37 on Monday. 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 business’s 50-day simple moving average is $113.74 and its 200-day simple moving average is $106.50. nVent Electric has a fifty-two week low of $41.71 and a fifty-two week high of $124.22. The stock has a market capitalization of $19.63 billion, a PE ratio of 28.22, a price-to-earnings-growth ratio of 1.21 and a beta of 1.31.

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

nVent Electric Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, May 8th. Investors of record on Friday, April 24th will be issued a dividend of $0.21 per share. The ex-dividend date is Friday, April 24th. This represents a $0.84 annualized dividend and a yield of 0.7%. nVent Electric’s dividend payout ratio is presently 19.53%.

Insider Activity at nVent Electric

In other news, Director Susan M. Cameron sold 5,000 shares of the stock in a transaction dated Tuesday, February 10th. The shares were sold at an average price of $114.52, for a total transaction of $572,600.00. Following the completion of the transaction, the director directly owned 13,405 shares in the company, valued at $1,535,140.60. This represents a 27.17% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Beth Wozniak sold 7,597 shares of the firm’s stock in a transaction dated Wednesday, February 11th. The shares were sold at an average price of $116.47, for a total value of $884,822.59. Following the completion of the transaction, the chief executive officer owned 52,990 shares of the company’s stock, valued at $6,171,745.30. The trade was a 12.54% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders sold 17,841 shares of company stock valued at $2,046,166. Corporate insiders own 1.80% of the company’s stock.

Institutional Trading of nVent Electric

A number of hedge funds and other institutional investors have recently modified their holdings of NVT. TABR Capital Management LLC acquired a new position in nVent Electric in the 4th quarter valued at about $3,284,000. Continuum Advisory LLC acquired a new stake in nVent Electric during the third quarter worth approximately $1,630,000. Nordea Investment Management AB boosted its holdings in shares of nVent Electric by 10.0% during the third quarter. Nordea Investment Management AB now owns 129,655 shares of the company’s stock worth $12,671,000 after acquiring an additional 11,804 shares during the period. Pacer Advisors Inc. boosted its holdings in shares of nVent Electric by 51.0% during the third quarter. Pacer Advisors Inc. now owns 30,535 shares of the company’s stock worth $3,012,000 after acquiring an additional 10,307 shares during the period. Finally, Robeco Institutional Asset Management B.V. grew its position in shares of nVent Electric by 173.8% in the third quarter. Robeco Institutional Asset Management B.V. now owns 52,856 shares of the company’s stock valued at $5,214,000 after purchasing an additional 33,549 shares during the last quarter. Institutional investors and hedge funds own 90.05% of the company’s stock.

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.