KeyCorp Boosts nVent Electric (NYSE:NVT) Price Target to $185.00

nVent Electric (NYSE:NVT) had its price objective boosted by analysts at KeyCorp from $140.00 to $185.00 in a research note issued on Monday,Benzinga reports. The firm currently has an “overweight” rating on the stock. KeyCorp’s price objective indicates a potential upside of 12.42% from the stock’s previous close.

A number of other analysts have also weighed in on NVT. Evercore restated an “outperform” rating on shares of nVent Electric in a report on Monday. Wolfe Research upgraded nVent Electric to an “outperform” rating in a report on Monday, February 9th. UBS Group restated a “buy” rating and set a $200.00 target price on shares of nVent Electric in a report on Monday. Zacks Research lowered nVent Electric from a “strong-buy” rating to a “hold” rating in a report on Friday, February 6th. Finally, Weiss Ratings upgraded nVent Electric from a “hold (c+)” rating to a “buy (b-)” rating in a report on Wednesday, March 11th. Twelve analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $165.89.

nVent Electric Trading Up 3.5%

NYSE:NVT traded up $5.64 during midday trading on Monday, hitting $164.56. The stock had a trading volume of 477,053 shares, compared to its average volume of 2,286,135. nVent Electric has a one year low of $59.29 and a one year high of $167.37. The company has a market capitalization of $26.61 billion, a price-to-earnings ratio of 54.41, a PEG ratio of 1.65 and a beta of 1.32. The stock has a 50-day moving average of $123.02 and a 200 day moving average of $112.87. The company has a quick ratio of 1.21, a current ratio of 1.70 and a debt-to-equity ratio of 0.41.

nVent Electric (NYSE:NVT) last announced its quarterly earnings data on Friday, May 1st. The company reported $1.09 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.94 by $0.15. The company had revenue of $1.24 billion for the quarter, compared to analysts’ expectations of $1.11 billion. nVent Electric had a return on equity of 16.82% and a net margin of 11.37%.nVent Electric’s revenue was up 53.5% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.67 earnings per share. nVent Electric has set its Q2 2026 guidance at 1.120-1.150 EPS and its FY 2026 guidance at 4.450-4.550 EPS. As a group, sell-side analysts forecast that nVent Electric will post 4.15 EPS for the current year.

Insider Activity

In other news, Director Jerry W. Burris sold 5,244 shares of the stock in a transaction 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 completion of the sale, the director owned 46,371 shares in the company, valued at approximately $5,206,072.17. This represents a 10.16% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Beth Wozniak sold 7,597 shares of the stock in a transaction on Wednesday, February 11th. The shares were sold at an average price of $116.47, for a total value of $884,822.59. Following the sale, the chief executive officer owned 52,990 shares of the company’s stock, valued at approximately $6,171,745.30. This represents a 12.54% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders sold 17,841 shares of company stock worth $2,046,166. Insiders own 1.70% of the company’s stock.

Institutional Trading of nVent Electric

Hedge funds and other institutional investors have recently made changes to their positions in the business. AQR Capital Management LLC increased its position in shares of nVent Electric by 33.1% in the 1st quarter. AQR Capital Management LLC now owns 94,968 shares of the company’s stock valued at $4,841,000 after acquiring an additional 23,606 shares during the period. Jones Financial Companies Lllp increased its position in shares of nVent Electric by 575.6% in the 1st quarter. Jones Financial Companies Lllp now owns 8,803 shares of the company’s stock valued at $461,000 after acquiring an additional 7,500 shares during the period. Geneos Wealth Management Inc. increased its position in shares of nVent Electric by 436.0% in the 1st quarter. Geneos Wealth Management Inc. now owns 1,072 shares of the company’s stock valued at $56,000 after acquiring an additional 872 shares during the period. Marshall Wace LLP increased its position in shares of nVent Electric by 31.8% in the 2nd quarter. Marshall Wace LLP now owns 41,061 shares of the company’s stock valued at $3,008,000 after acquiring an additional 9,898 shares during the period. Finally, Cresset Asset Management LLC increased its position in shares of nVent Electric by 57.7% in the 2nd quarter. Cresset Asset Management LLC now owns 8,136 shares of the company’s stock valued at $596,000 after acquiring an additional 2,977 shares during the period. Hedge funds and other 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.