nVent Electric plc (NYSE:NVT) Receives Average Rating of "Buy" from Analysts

Shares of nVent Electric plc (NYSE:NVT - Get Free Report) have earned an average rating of "Buy" from the six research firms that are presently covering the company, Marketbeat reports. Six analysts have rated the stock with a buy rating. The average twelve-month price objective among brokerages that have issued a report on the stock in the last year is $85.50.

A number of equities analysts have commented on NVT shares. KeyCorp boosted their target price on shares of nVent Electric from $80.00 to $84.00 and gave the stock an "overweight" rating in a report on Monday, October 14th. Royal Bank of Canada lowered their target price on shares of nVent Electric from $82.00 to $80.00 and set an "outperform" rating for the company in a research note on Monday, November 4th. Barclays upped their price target on nVent Electric from $76.00 to $88.00 and gave the stock an "overweight" rating in a research report on Thursday, December 5th. Finally, Citigroup raised their price objective on nVent Electric from $78.00 to $91.00 and gave the stock a "buy" rating in a research report on Monday.

nVent Electric Trading Down 0.8 %

NVT stock traded down $0.62 during midday trading on Friday, reaching $74.97. The company's stock had a trading volume of 1,439,354 shares, compared to its average volume of 1,569,457. The firm has a market capitalization of $12.36 billion, a price-to-earnings ratio of 21.98, a PEG ratio of 3.88 and a beta of 1.25. nVent Electric has a 1 year low of $55.19 and a 1 year high of $86.57. The company has a debt-to-equity ratio of 0.68, a quick ratio of 1.36 and a current ratio of 1.83. The stock has a fifty day simple moving average of $74.85 and a two-hundred day simple moving average of $72.85.

nVent Electric (NYSE:NVT - Get Free Report) last issued its earnings results on Tuesday, November 5th. The company reported $0.63 EPS for the quarter, missing analysts' consensus estimates of $0.81 by ($0.18). The company had revenue of $782.00 million during the quarter, compared to the consensus estimate of $937.37 million. nVent Electric had a return on equity of 15.66% and a net margin of 16.95%. nVent Electric's revenue was up 9.4% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.84 earnings per share. On average, equities research analysts predict that nVent Electric will post 2.5 EPS for the current year.

nVent Electric Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, November 1st. Investors of record on Friday, October 18th were given a $0.19 dividend. The ex-dividend date was Friday, October 18th. This represents a $0.76 dividend on an annualized basis and a yield of 1.01%. nVent Electric's dividend payout ratio is currently 22.29%.

Insider Buying and Selling at nVent Electric

In other nVent Electric news, CAO Randolph A. Wacker sold 8,022 shares of the stock in a transaction that occurred on Wednesday, November 6th. The stock was sold at an average price of $75.87, for a total transaction of $608,629.14. Following the completion of the transaction, the chief accounting officer now owns 25,993 shares of the company's stock, valued at $1,972,088.91. This represents a 23.58 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Sara E. Zawoyski sold 14,505 shares of nVent Electric stock in a transaction that occurred on Tuesday, November 12th. The stock was sold at an average price of $76.76, for a total value of $1,113,403.80. Following the completion of the sale, the chief financial officer now directly owns 62,215 shares in the company, valued at $4,775,623.40. This represents a 18.91 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 96,382 shares of company stock valued at $7,365,956. 2.50% of the stock is owned by insiders.

Institutional Investors Weigh In On nVent Electric

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Larson Financial Group LLC lifted its position in nVent Electric by 91.9% during the third quarter. Larson Financial Group LLC now owns 378 shares of the company's stock worth $27,000 after buying an additional 181 shares in the last quarter. ORG Partners LLC acquired a new position in shares of nVent Electric during the 2nd quarter valued at about $31,000. ORG Wealth Partners LLC purchased a new stake in shares of nVent Electric in the third quarter valued at about $29,000. UMB Bank n.a. increased its position in nVent Electric by 280.0% during the third quarter. UMB Bank n.a. now owns 418 shares of the company's stock worth $29,000 after purchasing an additional 308 shares during the last quarter. Finally, First Foundation Advisors purchased a new position in nVent Electric during the second quarter worth about $34,000. 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.