nVent Electric (NYSE:NVT) Downgraded to “Buy” Rating by Wall Street Zen

Wall Street Zen cut shares of nVent Electric (NYSE:NVT) from a strong-buy rating to a buy rating in a report issued on Monday morning.

Several other analysts have also recently issued reports on the company. Roth Mkm restated a “buy” rating and set a $130.00 price objective (up previously from $115.00) on shares of nVent Electric in a research note on Monday, November 3rd. The Goldman Sachs Group upped their price target on nVent Electric from $111.00 to $140.00 and gave the company a “buy” rating in a research report on Monday, November 3rd. Weiss Ratings restated a “buy (b-)” rating on shares of nVent Electric in a research note on Monday, December 29th. Barclays lifted their price objective on shares of nVent Electric from $140.00 to $141.00 and gave the stock an “overweight” rating in a report on Monday, February 9th. Finally, Wolfe Research upgraded shares of nVent Electric to an “outperform” rating in a research note on Monday, February 9th. Ten investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $126.25.

nVent Electric Trading Down 1.8%

NVT opened at $114.79 on Monday. nVent Electric has a 12-month low of $41.71 and a 12-month high of $120.85. The company has a debt-to-equity ratio of 0.41, a current ratio of 1.63 and a quick ratio of 1.16. The stock has a market capitalization of $18.56 billion, a PE ratio of 26.69, a P/E/G ratio of 1.22 and a beta of 1.33. The firm’s fifty day moving average price is $109.18 and its 200 day moving average price is $102.97.

nVent Electric (NYSE:NVT) last announced its quarterly earnings data on Friday, February 6th. The company reported $0.90 earnings per share for the quarter, topping the consensus estimate of $0.89 by $0.01. The company had revenue of $1.07 billion during the quarter, compared to analyst estimates of $1 billion. nVent Electric had a net margin of 18.25% and a return on equity of 15.18%. The firm’s revenue for the quarter was up 41.9% compared to the same quarter last year. During the same period last year, the business earned $0.59 EPS. nVent Electric has set its Q1 2026 guidance at 0.900-0.930 EPS and its FY 2026 guidance at 4.000-4.150 EPS. As a group, research analysts expect that nVent Electric will post 3.04 EPS for the current fiscal year.

nVent Electric Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, May 8th. Stockholders of record on Friday, April 24th will be given a dividend of $0.21 per share. The ex-dividend date is Friday, April 24th. This represents a $0.84 annualized dividend and a dividend yield of 0.7%. nVent Electric’s dividend payout ratio is currently 19.53%.

Insider Buying and Selling

In other nVent Electric news, CEO Beth Wozniak sold 7,597 shares of the company’s stock in a transaction dated Wednesday, February 11th. The shares were sold at an average price of $116.47, for a total value of $884,822.59. Following the completion of the transaction, the chief executive officer owned 52,990 shares in the company, valued at approximately $6,171,745.30. This represents a 12.54% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Susan M. Cameron sold 5,000 shares of the firm’s stock in a transaction that occurred on Tuesday, February 10th. The shares were sold at an average price of $114.52, for a total transaction of $572,600.00. Following the completion of the sale, the director owned 13,405 shares in the company, valued at $1,535,140.60. The trade was a 27.17% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 17,841 shares of company stock valued at $2,046,166 in the last quarter. Company insiders own 2.50% of the company’s stock.

Hedge Funds Weigh In On nVent Electric

Hedge funds and other institutional investors have recently made changes to their positions in the business. Continuum Advisory LLC bought a new stake in shares of nVent Electric during the 3rd quarter worth about $1,630,000. Nordea Investment Management AB boosted its holdings in shares of nVent Electric by 10.0% in the third quarter. Nordea Investment Management AB now owns 129,655 shares of the company’s stock valued at $12,671,000 after acquiring an additional 11,804 shares in the last quarter. Pacer Advisors Inc. increased its stake in shares of nVent Electric by 51.0% during the third quarter. Pacer Advisors Inc. now owns 30,535 shares of the company’s stock valued at $3,012,000 after acquiring an additional 10,307 shares during the period. Robeco Institutional Asset Management B.V. raised its holdings in nVent Electric by 173.8% during the third quarter. Robeco Institutional Asset Management B.V. now owns 52,856 shares of the company’s stock worth $5,214,000 after purchasing an additional 33,549 shares in the last quarter. Finally, Russell Investments Group Ltd. raised its holdings in nVent Electric by 12.4% during the second quarter. Russell Investments Group Ltd. now owns 189,480 shares of the company’s stock worth $13,880,000 after purchasing an additional 20,917 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 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.