nVent Electric (NVT) Stock Price, News & Analysis

Company Overview

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. The Enclosures segment provides solutions to protect electronics and data in mission critical applications, including data solutions. This segment also offers digital and automation solutions, system integrations, and global services. The Electrical & Fastening Solutions segment provides solutions that connect and protect power and data infrastructure. This segment also offers power connections, fastening solutions, cable management solutions, grounding and bonding systems, and tools and test instruments. The Thermal Management segment offers heat management solutions that protect people and assets. This segment includes heat tracing for freeze protection and process temperature maintenance and control; pipe freeze protection, surface deicing, hot water temperature maintenance, floor heating, fire-rated wiring, and leak detection; and heat trace systems, connected controls, remote monitoring, and annual service programs. The company markets its products through electrical distributors, contractors, and original equipment manufacturers under the CADDY, ERICO, GARDNER BENDER, HOFFMAN, ILSCO, RAYCHEM, SCHROFF, and TRACER brand names. Its products are used for various applications, such as industrial, commercial and residential, infrastructure, and energy. nVent Electric plc was founded in 1903 and is based in London, the United Kingdom.

Key Stats

• Today's Range: $73.75 to $76.16
• 50-Day Range: $64.55 to $77.79
• 52-Week Range: $52.26 to $86.57
• Volume: 1.56 million shs
• Average Volume: 2.18 million shs
• Market Capitalization: $12.24 billion
• P/E Ratio: 21.78
• Dividend Yield: 1.02%
• Price Target: $85.33
• Consensus Rating: Buy

nVent Electric Stock Analysis - MarketRank™

nVent Electric scored higher than 83% of companies evaluated by MarketBeat, and ranked 173rd out of 649 stocks in the computer and technology sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: 2.5 / 5
• Analyst Rating: Buy

Consensus Rating

nVent Electric has received a consensus rating of Buy. The company's average rating score is 3.00, and is based on 6 buy ratings, no hold ratings, and no sell ratings.

Amount of Analyst Coverage

nVent Electric has only been the subject of 3 research reports in the past 90 days.

Earnings and Valuation

• Score: 3.1 / 5
• Proj. Earnings Growth: 20.00%

Earnings Growth

Earnings for nVent Electric are expected to grow by 20.00% in the coming year, from $2.50 to $3.00 per share.

Price to Earnings Ratio vs. the Market

The P/E ratio of nVent Electric is 21.78, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 136.33.

Price to Earnings Ratio vs. Sector

The P/E ratio of nVent Electric is 21.78, which means that it is trading at a less expensive P/E ratio than the Computer and Technology sector average P/E ratio of about 268.73.

Price to Earnings Growth Ratio

nVent Electric has a PEG Ratio of 3.89. PEG Ratios above 1 indicate that a company could be overvalued.

Price to Book Value per Share Ratio

nVent Electric has a P/B Ratio of 3.73. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

Short Interest

• Score: 3.0 / 5
• Short Interest Level: Healthy

Percentage of Shares Shorted

1.28% of the float of nVent Electric has been sold short.

Short Interest Ratio / Days to Cover

nVent Electric has a short interest ratio ("days to cover") of 1.2, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in nVent Electric has recently increased by 29.19%, indicating that investor sentiment is decreasing significantly.

Dividend

• Score: 2.5 / 5
• Dividend Strength: Moderate

Dividend Yield

nVent Electric pays a meaningful dividend of 1.01%, higher than the bottom 25% of all stocks that pay dividends.

Dividend Growth

nVent Electric does not have a long track record of dividend growth.

Dividend Coverage

The dividend payout ratio of nVent Electric is 22.29%. This payout ratio is at a healthy, sustainable level, below 75%.

Dividend Sustainability

Based on earnings estimates, nVent Electric will have a dividend payout ratio of 25.33% next year. This indicates that nVent Electric will be able to sustain or increase its dividend.

Sustainability and ESG

• Score: N/A
• Environmental Score: N/A

Percentage of Shares Shorted

1.28% of the float of nVent Electric has been sold short.

Short Interest Ratio / Days to Cover

nVent Electric has a short interest ratio ("days to cover") of 1.2, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in nVent Electric has recently increased by 29.19%, indicating that investor sentiment is decreasing significantly.

News and Social Media

• Score: 3.4 / 5
• News Sentiment: 1.11

News Sentiment

nVent Electric has a news sentiment score of 1.11. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.58 average news sentiment score of Computer and Technology companies.

News Coverage This Week

MarketBeat has tracked 17 news articles for nVent Electric this week, compared to 7 articles on an average week.

Search Interest

Only 5 people have searched for NVT on MarketBeat in the last 30 days. This is a decrease of -55% compared to the previous 30 days.

MarketBeat Follows

5 people have added nVent Electric to their MarketBeat watchlist in the last 30 days. This is an increase of 67% compared to the previous 30 days.

Company Ownership

• Score: 2.5 / 5
• Insider Trading: Selling Shares

Insider Buying vs. Insider Selling

In the past three months, nVent Electric insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $6,841,316.00 in company stock.

Percentage Held by Insiders

Only 2.50% of the stock of nVent Electric is held by insiders.

Percentage Held by Institutions

90.05% of the stock of nVent Electric is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

NVT Stock Analysis - Frequently Asked Questions

How have NVT shares performed this year?

nVent Electric's stock was trading at $59.09 at the start of the year. Since then, NVT stock has increased by 25.7% and is now trading at $74.27.
View the best growth stocks for 2024 here.

How were nVent Electric's earnings last quarter?

nVent Electric plc (NYSE:NVT) announced its quarterly earnings results on Tuesday, November, 5th. The company reported $0.63 earnings per share for the quarter, missing analysts' consensus estimates of $0.81 by $0.18. The business's quarterly revenue was up 9.4% on a year-over-year basis.

Who are nVent Electric's major shareholders?

nVent Electric's top institutional shareholders include FMR LLC (3.89%), State Street Corp (3.05%), Massachusetts Financial Services Co. MA (1.97%) and Geode Capital Management LLC (1.68%). Insiders that own company stock include Sara E Zawoyski, Jon D Lammers, Jerry W Burris, Joseph A Ruzynski, Herbert K Parker, Lynnette R Heath, Randolph A Wacker, Michael B Faulconer, Greg Scheu, Randall J Hogan, Beth Wozniak and Ronald Merriman.
View institutional ownership trends.

How do I buy shares of nVent Electric?

Shares of NVT stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

What other stocks do shareholders of nVent Electric own?

Based on aggregate information from My MarketBeat watchlists, some other companies that nVent Electric investors own include NVIDIA (NVDA), Meta Platforms (META), Broadcom (AVGO), Advanced Micro Devices (AMD), ServiceNow (NOW), Adobe (ADBE) and General Electric (GE).

Company Calendar

• Ex-Dividend for 11/1 Dividend: 10/18/2024
• Dividend Payable: 11/01/2024
• Last Earnings: 11/05/2024
• Today: 11/20/2024
• Fiscal Year End: 12/31/2024
• Next Earnings (Estimated): 2/04/2025

Industry, Sector and Symbol

• Stock Exchange: NYSE
• Sector: Computer and Technology
• Industry: Special industry machinery, except metalworking machinery
• Sub-Industry: Machinery
• Current Symbol: NYSE:NVT
• CUSIP: N/A
• CIK: 1720635
• Web: www.nvent.com
• Phone: 442039660279
• Fax: N/A
• Employees: 11,300
• Year Founded: N/A

Price Target and Rating

• Average Stock Price Target: $85.33
• High Stock Price Target: $92.00
• Low Stock Price Target: $80.00
• Potential Upside/Downside: +14.9%
• Consensus Rating: Buy
• Rating Score (0-4): 3.00
• Research Coverage: 6 Analysts

Profitability

• EPS (Most Recent Fiscal Year): $3.41
• Trailing P/E Ratio: 21.78
• Forward P/E Ratio: 29.71
• P/E Growth: 3.75
• Net Income: $567.10 million
• Net Margins: 16.95%
• Pretax Margin: 15.63%
• Return on Equity: 15.66%
• Return on Assets: 7.96%

Debt

• Debt-to-Equity Ratio: 0.68
• Current Ratio: 1.83
• Quick Ratio: 1.36

Sales & Book Value

• Annual Sales: $3.26 billion
• Price / Sales: 3.75
• Cash Flow: $4.08 per share
• Price / Cash Flow: 18.22
• Book Value: $19.03 per share
• Price / Book: 3.90

Miscellaneous

• Outstanding Shares: 164,820,000
• Free Float: 160,696,000
• Market Cap: $12.24 billion
• Optionable: Optionable
• Beta: 1.26