nVent Electric (NYSE:NVT) Now Covered by Analysts at JPMorgan Chase & Co.

Equities research analysts at JPMorgan Chase & Co. started coverage on shares of nVent Electric (NYSE:NVT) in a research note issued on Tuesday, Briefing.com reports. The firm set an “overweight” rating and a $167.00 price target on the stock. JPMorgan Chase & Co.‘s price target suggests a potential upside of 17.99% from the company’s current price.

Several other equities research analysts have also commented on NVT. The Goldman Sachs Group restated a “buy” rating and issued a $200.00 price target on shares of nVent Electric in a research note on Saturday, August 1st. Royal Bank Of Canada boosted their price objective on nVent Electric from $200.00 to $208.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 14th. Wells Fargo & Company initiated coverage on nVent Electric in a report on Thursday, September 24th. They issued an “equal weight” rating and a $182.00 price objective for the company. Seaport Research Partners restated a “neutral” rating and issued a $225.00 target price on shares of nVent Electric in a research report on Monday, October 12th. Finally, Evercore reaffirmed an “outperform” rating and set a $210.00 target price on shares of nVent Electric in a research note on Monday, August 3rd. Two investment analysts have rated the stock with a Strong Buy rating, sixteen have issued a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Buy” and a consensus price target of $198.82.

nVent Electric Stock Down 0.3%

nVent Electric stock opened at $141.53 on Tuesday. The company has a 50-day simple moving average of $158.54 and a 200-day simple moving average of $156.71. The firm has a market capitalization of $22.91 billion, a P/E ratio of 38.67, a P/E/G ratio of 0.77 and a beta of 1.35. 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 has a one year low of $93.22 and a one year high of $184.64.

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 analysts’ consensus estimates of $1.16 by $0.29. The business 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 company’s revenue for the quarter was up 52.8% compared to the same quarter last year. During the same quarter 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. As a group, equities analysts expect that nVent Electric will post 5.13 earnings per share for the current year.

Insiders Place Their Bets

In related news, CEO Beth Wozniak sold 46,261 shares of the firm’s stock in a transaction that occurred on 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 owned 55,612 shares in the company, valued at $9,143,725.04. This trade represents a 45.41% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Der Kolk Robert J. Van sold 5,858 shares of the firm’s stock in a transaction that occurred on Monday, August 10th. The shares were sold at an average price of $164.32, for a total transaction of $962,586.56. Following the transaction, the insider owned 27,387 shares in the company, valued at $4,500,231.84. This represents a 17.62% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders have sold 74,644 shares of company stock worth $12,276,886. 1.70% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On nVent Electric

Several hedge funds have recently modified their holdings of NVT. Net Worth Advisory Group acquired a new stake in shares of nVent Electric in the third quarter worth $201,000. Sumitomo Mitsui DS Asset Management Company Ltd acquired a new position in nVent Electric during the third quarter valued at $2,990,000. Fairvoy Private Wealth LLC raised its position in nVent Electric by 30.9% during the third quarter. Fairvoy Private Wealth LLC now owns 9,584 shares of the company’s stock valued at $1,537,000 after buying an additional 2,260 shares during the period. Pension & Wealth Management Advisors Inc. purchased a new stake in nVent Electric in the 3rd quarter worth about $55,000. Finally, NFSG Corp lifted its stake in nVent Electric by 61.3% in the 3rd quarter. NFSG Corp now owns 4,969 shares of the company’s stock worth $797,000 after acquiring an additional 1,888 shares in the last quarter. 90.05% of the stock is currently owned by institutional investors and hedge funds.

About nVent Electric

nVent Electric plc is a global provider of electrical connection, protection and management solutions. The company designs and manufactures products that help protect electrical and electronic systems, manage heat, and support the installation and operation of critical infrastructure.

Its products include electrical and electronic enclosures, industrial cooling and thermal-management systems, cable management and fastening solutions, grounding and bonding equipment, busway and power-distribution products, and related connection technologies.