nVent Electric PLC (NYSE:NVT) Stock Rated “Buy” by Sell-Side Brokerages

Shares of nVent Electric PLC (NYSE:NVT) have received a consensus rating of “Buy” from the eighteen brokerages that are currently covering the firm, Marketbeat Ratings reports. One investment analyst has rated the stock with a hold rating, fourteen have assigned a buy rating and three have issued a strong buy rating on the company. The average 1 year target price among brokerages that have covered the stock in the last year is $198.67.

A number of brokerages recently issued reports on NVT. Sanford C. Bernstein set a $220.00 target price on shares of nVent Electric in a research report on Thursday, July 9th. Citigroup increased their price target on nVent Electric from $203.00 to $215.00 and gave the stock a “buy” rating in a research note on Monday, August 3rd. Royal Bank Of Canada raised their price objective on nVent Electric from $193.00 to $200.00 and gave the stock an “outperform” rating in a report on Monday, August 3rd. Roth Capital reaffirmed a “buy” rating and issued a $210.00 price objective (up from $195.00) on shares of nVent Electric in a research report on Tuesday, August 25th. Finally, Weiss Ratings lowered nVent Electric from a “buy (b)” rating to a “buy (b-)” rating in a research note on Monday, August 31st.

nVent Electric Trading Up 3.5%

Shares of NVT stock opened at $166.03 on Friday. The company has a market capitalization of $26.87 billion, a price-to-earnings ratio of 45.36, a PEG ratio of 1.35 and a beta of 1.35. The company has a current ratio of 1.80, a quick ratio of 1.33 and a debt-to-equity ratio of 0.37. The firm has a 50-day moving average price of $157.21 and a 200 day moving average price of $153.27. nVent Electric has a twelve month low of $93.22 and a twelve month high of $184.64.

nVent Electric (NYSE:NVT) last released its quarterly earnings results on Friday, July 31st. The company reported $1.45 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.16 by $0.29. The company had revenue of $1.47 billion for the quarter, compared to analysts’ expectations of $1.26 billion. nVent Electric had a net margin of 12.38% and a return on equity of 18.85%. The firm’s revenue for the quarter was up 52.8% compared to the same quarter last year. During the same period last year, the company earned $0.86 EPS. nVent Electric has set its Q3 2026 guidance at 1.350-1.380 EPS and its FY 2026 guidance at 5.000-5.100 EPS. Research analysts forecast that nVent Electric will post 5.13 earnings per share for the current fiscal year.

nVent Electric Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, November 6th. Shareholders of record on Friday, October 23rd will be issued a $0.21 dividend. The ex-dividend date is Friday, October 23rd. This represents a $0.84 annualized dividend and a yield of 0.5%. nVent Electric’s payout ratio is 22.95%.

Insider Activity

In other news, CEO Beth Wozniak sold 46,261 shares of the stock in a transaction dated Wednesday, August 5th. The shares were sold at an average price of $164.42, for a total transaction of $7,606,233.62. Following the transaction, the chief executive officer directly owned 55,612 shares in the company, valued at $9,143,725.04. This represents a 45.41% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Robert van der Kolk sold 5,858 shares of the firm’s stock in a transaction that occurred on Monday, August 10th. The stock was sold at an average price of $164.32, for a total transaction of $962,586.56. Following the completion of the sale, the insider directly owned 27,387 shares in the company, valued at $4,500,231.84. This represents a 17.62% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 74,644 shares of company stock valued at $12,276,886 in the last 90 days. 1.70% of the stock is currently owned by insiders.

Institutional Trading of nVent Electric

Institutional investors have recently made changes to their positions in the stock. State Street Corp boosted its holdings in nVent Electric by 4.9% in the second quarter. State Street Corp now owns 5,313,122 shares of the company’s stock valued at $901,159,000 after acquiring an additional 250,248 shares during the last quarter. Geode Capital Management LLC raised its holdings in shares of nVent Electric by 7.5% in the 4th quarter. Geode Capital Management LLC now owns 3,125,289 shares of the company’s stock worth $318,752,000 after purchasing an additional 217,485 shares during the period. Norges Bank acquired a new position in shares of nVent Electric in the 4th quarter valued at about $245,955,000. Bank of New York Mellon Corp lifted its stake in shares of nVent Electric by 3.5% in the 1st quarter. Bank of New York Mellon Corp now owns 2,018,579 shares of the company’s stock valued at $238,758,000 after purchasing an additional 68,818 shares in the last quarter. Finally, First Trust Advisors LP grew its holdings in shares of nVent Electric by 32.8% during the 1st quarter. First Trust Advisors LP now owns 1,696,369 shares of the company’s stock worth $200,647,000 after purchasing an additional 419,239 shares during the period. 90.05% of the stock is owned by hedge funds and other institutional investors.

nVent Electric Company Profile

nVent Electric plc is a global provider of electrical connection and protection solutions. The company designs and manufactures products that help protect, connect and manage electrical, electronic and critical infrastructure systems in industrial, commercial, data center, energy, transportation and other applications.

Its portfolio includes electrical and electronic enclosures, cable management systems, fastening and support products, grounding and bonding solutions, busbar and power distribution equipment, surge protection products, and thermal management systems.