Key Points
- Greg Scheu, a nVent director, sold 5,591 shares on Nov. 24 at an average of $104.04, generating about $581,688 and reducing his holding by 28.04% to 14,348 shares.
- nVent beat Q3 estimates with $0.91 EPS and $1.05B revenue (up 34.8% YoY), issued Q4 and FY2025 EPS guidance (Q4: $0.870–0.890; FY: $3.310–3.330), and carries a consensus "Buy" rating with an average target of $122.
- The company recently paid a $0.20 quarterly dividend (annualized $0.80, ~0.8% yield) and has a market cap of $16.94B with a trailing P/E of 28.92.
nVent Electric PLC (NYSE:NVT - Get Free Report) Director Greg Scheu sold 5,591 shares of the business's stock in a transaction that occurred on Monday, November 24th. The shares were sold at an average price of $104.04, for a total value of $581,687.64. Following the completion of the sale, the director directly owned 14,348 shares in the company, valued at approximately $1,492,765.92. The trade was a 28.04% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.
nVent Electric Price Performance
NVT opened at $104.99 on Wednesday. The stock's 50-day moving average price is $102.42 and its 200 day moving average price is $86.77. nVent Electric PLC has a 12-month low of $41.71 and a 12-month high of $117.52. The firm has a market cap of $16.94 billion, a price-to-earnings ratio of 28.92, a PEG ratio of 1.44 and a beta of 1.40. The company has a current ratio of 1.57, a quick ratio of 1.11 and a debt-to-equity ratio of 0.44.
nVent Electric (NYSE:NVT - Get Free Report) last issued its quarterly earnings results on Friday, October 31st. The company reported $0.91 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.88 by $0.03. The company had revenue of $1.05 billion for the quarter, compared to analyst estimates of $1.01 billion. nVent Electric had a net margin of 16.83% and a return on equity of 14.29%. The business's revenue for the quarter was up 34.8% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.63 earnings per share. nVent Electric has set its Q4 2025 guidance at 0.870-0.890 EPS. FY 2025 guidance at 3.310-3.330 EPS. As a group, sell-side analysts expect that nVent Electric PLC will post 3.04 earnings per share for the current year.
nVent Electric Announces Dividend
The business also recently announced a quarterly dividend, which was paid on Friday, November 7th. Investors of record on Friday, October 17th were paid a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a yield of 0.8%. The ex-dividend date of this dividend was Friday, October 17th. nVent Electric's payout ratio is presently 22.04%.
Analysts Set New Price Targets
A number of equities research analysts have issued reports on the company. UBS Group assumed coverage on nVent Electric in a research report on Thursday, November 20th. They issued a "buy" rating and a $128.00 price target on the stock. Wall Street Zen upgraded shares of nVent Electric from a "buy" rating to a "strong-buy" rating in a research note on Saturday, November 8th. Barclays reiterated an "overweight" rating and issued a $130.00 price target on shares of nVent Electric in a research note on Monday, November 3rd. Roth Capital reiterated a "buy" rating and set a $130.00 price target (up previously from $115.00) on shares of nVent Electric in a report on Monday, November 3rd. Finally, Weiss Ratings restated a "buy (b-)" rating on shares of nVent Electric in a report on Wednesday, November 19th. One equities research analyst has rated the stock with a Strong Buy rating and nine have given a Buy rating to the company's stock. According to data from MarketBeat, the stock has a consensus rating of "Buy" and an average target price of $122.00.
View Our Latest Report on nVent Electric
Hedge Funds Weigh In On nVent Electric
Several large investors have recently bought and sold shares of the stock. XTX Topco Ltd boosted its holdings in shares of nVent Electric by 192.2% in the first quarter. XTX Topco Ltd now owns 12,284 shares of the company's stock valued at $644,000 after acquiring an additional 8,080 shares during the period. Hsbc Holdings PLC raised its position in nVent Electric by 32.4% in the 1st quarter. Hsbc Holdings PLC now owns 50,670 shares of the company's stock valued at $2,623,000 after purchasing an additional 12,386 shares during the last quarter. Nordea Investment Management AB boosted its stake in nVent Electric by 3.9% during the 2nd quarter. Nordea Investment Management AB now owns 117,851 shares of the company's stock worth $8,613,000 after purchasing an additional 4,427 shares during the period. Strs Ohio acquired a new stake in nVent Electric during the 1st quarter worth $5,294,000. Finally, Vontobel Holding Ltd. grew its position in nVent Electric by 19.6% during the 2nd quarter. Vontobel Holding Ltd. now owns 531,855 shares of the company's stock worth $38,958,000 after purchasing an additional 87,102 shares during the last quarter. Institutional investors and hedge funds own 90.05% of the company's stock.
About nVent Electric
(
Get Free Report)
nVent Electric plc, together with its subsidiaries, designs, manufactures, markets, installs, and services electrical connection and protection solutions in North America, Europe, the Middle East, Africa, the Asia Pacific, and internationally. The company operates through three segments: Enclosures, Electrical & Fastening Solutions, and Thermal Management.
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