nVent Electric (NYSE:NVT) Cut to “Buy” at Wall Street Zen

Wall Street Zen downgraded shares of nVent Electric (NYSE:NVT) from a strong-buy rating to a buy rating in a research note issued to investors on Saturday.

Other analysts have also recently issued research reports about the stock. Citigroup boosted their price target on shares of nVent Electric from $114.00 to $131.00 and gave the stock a “buy” rating in a research note on Monday, November 3rd. The Goldman Sachs Group lifted their target price on nVent Electric from $111.00 to $140.00 and gave the stock a “buy” rating in a report on Monday, November 3rd. Roth Mkm reissued a “buy” rating and set a $130.00 price target (up from $115.00) on shares of nVent Electric in a research note on Monday, November 3rd. KeyCorp lifted their price objective on nVent Electric from $103.00 to $114.00 and gave the stock an “overweight” rating in a research note on Tuesday, October 14th. Finally, Barclays upped their price objective on nVent Electric from $130.00 to $140.00 and gave the stock an “overweight” rating in a report on Thursday, December 4th. Ten research analysts have rated the stock with a Buy rating, According to MarketBeat, the company presently has a consensus rating of “Buy” and an average target price of $126.25.

nVent Electric Trading Up 1.8%

NVT stock opened at $114.68 on Friday. 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 1-year low of $41.71 and a 1-year high of $120.85. The business has a 50 day simple moving average of $107.61 and a two-hundred day simple moving average of $100.87. The company has a market capitalization of $18.50 billion, a price-to-earnings ratio of 26.67, a PEG ratio of 1.19 and a beta of 1.33.

nVent Electric (NYSE:NVT) last released its quarterly earnings data on Friday, February 6th. The company reported $0.90 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.89 by $0.01. nVent Electric had a net margin of 18.25% and a return on equity of 15.18%. The firm had revenue of $1.07 billion for the quarter, compared to analysts’ expectations of $1 billion. During the same quarter last year, the business posted $0.59 earnings per share. The company’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. Research analysts anticipate that nVent Electric will post 3.04 EPS for the current fiscal year.

nVent Electric Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, February 6th. Stockholders of record on Friday, January 23rd were paid a $0.21 dividend. This represents a $0.84 annualized dividend and a dividend yield of 0.7%. The ex-dividend date of this dividend was Friday, January 23rd. This is a positive change from nVent Electric’s previous quarterly dividend of $0.20. nVent Electric’s dividend payout ratio is 19.53%.

Insider Transactions at nVent Electric

In other news, Director Jerry W. Burris sold 5,244 shares of the business’s stock in a transaction that occurred on Friday, February 6th. The stock was sold at an average price of $112.27, for a total transaction of $588,743.88. Following the transaction, the director owned 46,371 shares of the company’s stock, valued at approximately $5,206,072.17. The trade was a 10.16% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO Beth Wozniak sold 4,137 shares of the firm’s stock in a transaction on Thursday, November 20th. The stock was sold at an average price of $110.35, for a total value of $456,517.95. Following the completion of the sale, the chief executive officer owned 47,984 shares of the company’s stock, valued at approximately $5,295,034.40. This represents a 7.94% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last 90 days, insiders sold 14,972 shares of company stock worth $1,626,949. 2.50% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On nVent Electric

A number of large investors have recently made changes to their positions in the company. Norges Bank purchased a new stake in nVent Electric in the 2nd quarter worth about $234,290,000. Massachusetts Financial Services Co. MA grew its stake in shares of nVent Electric by 146.0% during the second quarter. Massachusetts Financial Services Co. MA now owns 3,195,543 shares of the company’s stock valued at $234,074,000 after buying an additional 1,896,749 shares during the last quarter. Holocene Advisors LP bought a new position in shares of nVent Electric during the third quarter valued at approximately $151,265,000. Balyasny Asset Management L.P. raised its holdings in shares of nVent Electric by 3,467.1% in the third quarter. Balyasny Asset Management L.P. now owns 1,326,100 shares of the company’s stock worth $130,807,000 after buying an additional 1,288,924 shares during the period. Finally, Merewether Investment Management LP bought a new stake in shares of nVent Electric during the 2nd quarter worth approximately $78,222,000. 90.05% of the stock is owned by hedge funds and other institutional investors.

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.