nVent Electric (NYSE:NVT) Rating Lowered to Buy at Wall Street Zen

nVent Electric (NYSE:NVT) was downgraded by equities research analysts at Wall Street Zen from a “strong-buy” rating to a “buy” rating in a research report issued to clients and investors on Saturday.

Other analysts have also issued research reports about the company. Barclays increased their price objective on nVent Electric from $130.00 to $140.00 and gave the company an “overweight” rating in a research note on Thursday, December 4th. KeyCorp raised their price target on shares of nVent Electric from $103.00 to $114.00 and gave the stock an “overweight” rating in a research note on Tuesday, October 14th. Roth Capital reiterated a “buy” rating and set a $130.00 price target (up from $115.00) on shares of nVent Electric in a report on Monday, November 3rd. Royal Bank Of Canada upped their price objective on shares of nVent Electric from $117.00 to $133.00 and gave the company an “outperform” rating in a research note on Monday, November 3rd. Finally, The Goldman Sachs Group raised their target price on shares of nVent Electric from $111.00 to $140.00 and gave the stock a “buy” rating in a research report on Monday, November 3rd. One equities research analyst has rated the stock with a Strong Buy rating and nine have given a Buy rating to the stock. Based on data from MarketBeat.com, nVent Electric presently has a consensus rating of “Buy” and an average target price of $123.25.

nVent Electric Stock Up 2.6%

Shares of NYSE NVT opened at $105.39 on Friday. The firm’s 50-day moving average is $105.59 and its two-hundred day moving average is $95.34. The company has a market capitalization of $17.01 billion, a PE ratio of 29.03, a price-to-earnings-growth ratio of 1.07 and a beta of 1.34. nVent Electric has a 12-month low of $41.71 and a 12-month high of $117.52. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.57 and a quick ratio of 1.11.

nVent Electric (NYSE:NVT) last issued its quarterly earnings data on Friday, October 31st. The company reported $0.91 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.88 by $0.03. The firm had revenue of $1.05 billion during the quarter, compared to the consensus estimate of $1.01 billion. nVent Electric had a return on equity of 14.29% and a net margin of 16.83%.The company’s quarterly revenue was up 34.8% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.63 EPS. nVent Electric has set its Q4 2025 guidance at 0.870-0.890 EPS and its FY 2025 guidance at 3.310-3.330 EPS. Equities analysts anticipate that nVent Electric will post 3.04 EPS for the current fiscal year.

Insider Buying and Selling at nVent Electric

In other news, CEO Beth Wozniak sold 4,137 shares of the company’s stock in a transaction on Thursday, November 20th. The stock was sold at an average price of $110.35, for a total transaction of $456,517.95. Following the completion of the sale, the chief executive officer directly owned 47,984 shares in the company, valued at $5,295,034.40. This represents a 7.94% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, CAO Randolph A. Wacker sold 5,000 shares of nVent Electric stock in a transaction on Thursday, November 6th. The shares were sold at an average price of $110.08, for a total value of $550,400.00. Following the completion of the transaction, the chief accounting officer owned 26,400 shares in the company, valued at $2,906,112. The trade was a 15.92% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders sold 163,228 shares of company stock worth $18,345,001. 1.80% of the stock is currently owned by company insiders.

Institutional Trading of nVent Electric

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