nVent Electric PLC (NYSE:NVT) Stock Has Average Price Target of $198.67 According to Brokerages

nVent Electric PLC (NYSE:NVT) has been given a consensus recommendation of “Buy” by the eighteen research firms that are covering the firm, MarketBeat Ratings reports. One analyst has rated the stock with a hold recommendation, fourteen have given a buy recommendation and three have assigned a strong buy recommendation to the company. The average twelve-month price objective among brokerages that have updated their coverage on the stock in the last year is $198.67.

A number of research analysts have issued reports on the stock. Wall Street Zen upgraded shares of nVent Electric from a “buy” rating to a “strong-buy” rating in a research report on Sunday, June 21st. Evercore reiterated an “outperform” rating and issued a $210.00 price target on shares of nVent Electric in a research report on Monday, August 3rd. Citigroup boosted their price target on nVent Electric from $203.00 to $215.00 and gave the company a “buy” rating in a research note on Monday, August 3rd. Wolfe Research reissued an “outperform” rating and set a $191.00 price target on shares of nVent Electric in a research report on Thursday, July 9th. Finally, Sanford C. Bernstein set a $220.00 price objective on nVent Electric in a research note on Thursday, July 9th.

nVent Electric Trading Down 0.1%

Shares of nVent Electric stock opened at $164.30 on Friday. The firm has a 50-day moving average of $156.87 and a 200-day moving average of $151.79. The stock has a market cap of $26.59 billion, a PE ratio of 44.89, a PEG ratio of 1.38 and a beta of 1.36. nVent Electric has a 52-week low of $93.22 and a 52-week high of $184.64. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.33 and a current ratio of 1.80.

nVent Electric (NYSE:NVT) last released its quarterly earnings results on Friday, July 31st. The company reported $1.45 EPS for the quarter, beating the consensus estimate of $1.16 by $0.29. nVent Electric had a net margin of 12.38% and a return on equity of 18.85%. The business had revenue of $1.47 billion for the quarter, compared to the consensus estimate of $1.26 billion. During the same period in the prior year, the company posted $0.86 earnings per share. nVent Electric’s revenue was up 52.8% compared to the same quarter last year. 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. As a group, sell-side analysts forecast that nVent Electric will post 5.13 EPS for the current year.

nVent Electric Announces Dividend

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

Insiders Place Their Bets

In other nVent Electric news, CEO Beth Wozniak sold 46,261 shares of the company’s stock in a transaction on Wednesday, August 5th. The stock was sold at an average price of $164.42, for a total transaction of $7,606,233.62. Following the completion of the sale, 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 ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CAO Randolph Wacker sold 22,525 shares of the firm’s stock in a transaction on Wednesday, August 5th. The shares were sold at an average price of $164.62, for a total value of $3,708,065.50. Following the completion of the sale, the chief accounting officer directly owned 27,441 shares in the company, valued at approximately $4,517,337.42. This represents a 45.08% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 74,644 shares of company stock worth $12,276,886 over the last three months. Insiders own 1.70% of the company’s stock.

Institutional Trading of nVent Electric

Several large investors have recently bought and sold shares of the business. State Street Corp raised its stake in nVent Electric by 4.9% during the second quarter. State Street Corp now owns 5,313,122 shares of the company’s stock worth $901,159,000 after acquiring an additional 250,248 shares in the last quarter. Geode Capital Management LLC boosted its stake 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 valued at $318,752,000 after purchasing an additional 217,485 shares in the last quarter. Norges Bank bought a new stake in shares of nVent Electric during the 4th quarter valued at approximately $245,955,000. Bank of New York Mellon Corp grew its holdings in shares of nVent Electric by 3.5% during 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 during the last quarter. Finally, First Trust Advisors LP increased its position in 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 in the last quarter. 90.05% of the stock is owned by institutional investors and hedge funds.

nVent Electric Company Profile

nVent Electric plc (NYSE:NVT) is a global provider of electrical connection and protection solutions. The company designs and manufactures products that help protect electrical and electronic systems, manage heat, and support the installation and operation of electrical infrastructure across industrial, commercial, residential, data center, energy and infrastructure applications.

Its product portfolio includes electrical and electronic enclosures, thermal-management systems, cable-management products, grounding and bonding equipment, electrical connections, fastening systems and other installation solutions.