nVent Electric (NYSE:NVT) Given New $75.00 Price Target at KeyCorp

nVent Electric (NYSE:NVT - Get Free Report) had its price target decreased by stock analysts at KeyCorp from $84.00 to $75.00 in a research note issued on Friday,Benzinga reports. The firm currently has an "overweight" rating on the stock. KeyCorp's target price would suggest a potential upside of 41.62% from the stock's current price.

Several other research analysts have also commented on NVT. Barclays lowered their price target on nVent Electric from $83.00 to $75.00 and set an "overweight" rating for the company in a research report on Wednesday, March 26th. Seaport Res Ptn raised nVent Electric from a "hold" rating to a "strong-buy" rating in a research report on Friday, March 21st. Citigroup cut their price target on shares of nVent Electric from $91.00 to $90.00 and set a "buy" rating on the stock in a research note on Monday, January 13th. Royal Bank of Canada raised their price objective on shares of nVent Electric from $85.00 to $86.00 and gave the company an "outperform" rating in a research note on Friday, February 7th. Finally, CL King raised shares of nVent Electric from a "neutral" rating to a "buy" rating and set a $70.00 target price on the stock in a research note on Monday, March 17th. Six research analysts have rated the stock with a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Buy" and a consensus target price of $80.50.

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nVent Electric Trading Up 1.0 %

NYSE:NVT traded up $0.54 on Friday, reaching $52.96. The company's stock had a trading volume of 720,115 shares, compared to its average volume of 1,809,450. nVent Electric has a 12-month low of $50.14 and a 12-month high of $86.57. The stock has a 50 day moving average price of $61.79 and a 200 day moving average price of $68.75. The firm has a market cap of $8.74 billion, a price-to-earnings ratio of 27.02, a price-to-earnings-growth ratio of 1.48 and a beta of 1.31. The company has a quick ratio of 1.28, a current ratio of 1.73 and a debt-to-equity ratio of 0.65.

nVent Electric (NYSE:NVT - Get Free Report) last announced its quarterly earnings results on Thursday, February 6th. The company reported $0.59 earnings per share for the quarter, meeting analysts' consensus estimates of $0.59. nVent Electric had a net margin of 10.09% and a return on equity of 14.52%. On average, equities analysts anticipate that nVent Electric will post 3.04 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Wealth Enhancement Advisory Services LLC lifted its position in shares of nVent Electric by 8.9% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 33,732 shares of the company's stock worth $2,299,000 after purchasing an additional 2,759 shares during the last quarter. Siemens Fonds Invest GmbH purchased a new stake in nVent Electric during the 4th quarter worth about $75,000. Park Square Financial Group LLC acquired a new position in shares of nVent Electric during the 4th quarter worth about $38,000. Capital A Wealth Management LLC purchased a new position in nVent Electric in the fourth quarter valued at approximately $27,000. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its holdings in shares of nVent Electric by 145.8% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,466,560 shares of the company's stock valued at $99,961,000 after buying an additional 869,906 shares in the last quarter. Institutional investors and hedge funds own 90.05% of the company's stock.

About nVent Electric

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.