nVent Electric (NYSE:NVT) Stock Rating Upgraded by Wells Fargo & Company

nVent Electric (NYSE:NVT) was upgraded by Wells Fargo & Company to a “hold” rating in a report released on Thursday, Zacks reports.

A number of other brokerages have also recently weighed in on NVT. Evercore reissued an “outperform” rating and set a $210.00 price target on shares of nVent Electric in a research report on Monday, August 3rd. Roth Capital restated 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. Clear Str raised nVent Electric to a “strong-buy” rating in a research note on Monday, July 13th. Seaport Research Partners reiterated a “buy” rating and set a $215.00 target price on shares of nVent Electric in a report on Monday, August 3rd. Finally, Robert W. Baird boosted their target price on nVent Electric from $188.00 to $200.00 and gave the company an “outperform” rating in a research note on Monday, August 3rd. Three research analysts have rated the stock with a Strong Buy rating, fourteen have given a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Buy” and a consensus price target of $198.67.

nVent Electric Trading Up 0.9%

NYSE:NVT opened at $164.30 on Thursday. The firm has a market capitalization of $26.59 billion, a price-to-earnings ratio of 44.89, a PEG ratio of 1.37 and a beta of 1.36. nVent Electric has a 1-year low of $93.22 and a 1-year high of $184.64. The business’s 50-day moving average price is $156.87 and its two-hundred day moving average price is $151.48. The company has a current ratio of 1.80, a quick ratio of 1.33 and a debt-to-equity ratio of 0.37.

nVent Electric (NYSE:NVT) last released its quarterly earnings data on Friday, July 31st. The company reported $1.45 earnings per share for the quarter, topping the consensus estimate of $1.16 by $0.29. The business had revenue of $1.47 billion for the quarter, compared to analyst estimates of $1.26 billion. nVent Electric had a net margin of 12.38% and a return on equity of 18.85%. nVent Electric’s quarterly revenue was up 52.8% compared to the same quarter last year. During the same quarter last year, the firm 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. On average, equities analysts expect that nVent Electric will post 5.13 earnings per share for the current year.

Insiders Place Their Bets

In other nVent Electric news, insider Robert van der Kolk sold 5,858 shares of nVent Electric stock in a transaction dated Monday, August 10th. The stock was sold at an average price of $164.32, for a total value of $962,586.56. Following the sale, the insider owned 27,387 shares of the company’s stock, valued at $4,500,231.84. This trade represents a 17.62% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CAO Randolph Wacker sold 22,525 shares of the business’s stock in a transaction dated 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 owned 27,441 shares in the company, valued at approximately $4,517,337.42. This trade represents a 45.08% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders sold 74,644 shares of company stock worth $12,276,886. Corporate insiders own 1.70% of the company’s stock.

Hedge Funds Weigh In On nVent Electric

A number of large investors have recently bought and sold shares of the company. State Street Corp grew its stake in shares of nVent Electric by 4.9% during the 2nd 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 lifted its position in shares of nVent Electric by 7.5% in the fourth 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 in the last quarter. Norges Bank bought a new stake in shares of nVent Electric in the fourth quarter worth $245,955,000. Bank of New York Mellon Corp boosted its holdings in nVent Electric by 3.5% during the first quarter. Bank of New York Mellon Corp now owns 2,018,579 shares of the company’s stock worth $238,758,000 after purchasing an additional 68,818 shares during the last quarter. Finally, First Trust Advisors LP grew its position in nVent Electric by 32.8% in the first quarter. First Trust Advisors LP now owns 1,696,369 shares of the company’s stock valued at $200,647,000 after purchasing an additional 419,239 shares in the last quarter. Institutional investors and hedge funds own 90.05% of the company’s stock.

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.