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NYSE:NVT

nVent Electric (NVT) Stock Price, News & Analysis

$66.99
+0.43 (+0.65%)
(As of 09/18/2024 ET)

About nVent Electric Stock (NYSE:NVT)

Key Stats

Today's Range
$66.90
$69.03
50-Day Range
$60.72
$81.19
52-Week Range
$45.60
$86.57
Volume
1.44 million shs
Average Volume
1.53 million shs
Market Capitalization
$11.12 billion
P/E Ratio
19.53
Dividend Yield
1.13%
Price Target
$86.50
Consensus Rating
Buy

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.

nVent Electric Stock Analysis - MarketRank™

See Top Rated MarketRank™ Stocks

Overall MarketRank™: 93rd Percentile

nVent Electric scored higher than 93% of companies evaluated by MarketBeat, and ranked 98th out of 671 stocks in the computer and technology sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

  • 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 2 research reports in the past 90 days.

  • Read more about nVent Electric's stock forecast and price target.
  • Earnings Growth

    Earnings for nVent Electric are expected to grow by 11.96% in the coming year, from $3.26 to $3.65 per share.

  • Price to Earnings Ratio vs. the Market

    The P/E ratio of nVent Electric is 19.53, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 134.09.

  • Price to Earnings Ratio vs. Sector

    The P/E ratio of nVent Electric is 19.53, 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 270.12.

  • Price to Earnings Growth Ratio

    nVent Electric has a PEG Ratio of 1.22. 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 3.52. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

  • Read more about nVent Electric's valuation and earnings.
  • Percentage of Shares Shorted

    1.79% 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 1.7, 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 77.58%, indicating that investor sentiment is decreasing significantly.
  • Dividend Yield

    nVent Electric pays a meaningful dividend of 1.18%, 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 22.16%. 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 20.82% next year. This indicates that nVent Electric will be able to sustain or increase its dividend.

  • Read more about nVent Electric's dividend.
  • Percentage of Shares Shorted

    1.79% 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 1.7, 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 77.58%, indicating that investor sentiment is decreasing significantly.
  • News Sentiment

    nVent Electric has a news sentiment score of 1.35. 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 0.59 average news sentiment score of Computer and Technology companies.
  • News Coverage This Week

    MarketBeat has tracked 7 news articles for nVent Electric this week, compared to 6 articles on an average week.
  • Search Interest

    10 people have searched for NVT on MarketBeat in the last 30 days. This is an increase of 400% compared to the previous 30 days.
  • MarketBeat Follows

    Only 2 people have added nVent Electric to their MarketBeat watchlist in the last 30 days. This is a decrease of -33% compared to the previous 30 days.
  • Insider Buying vs. Insider Selling

    In the past three months, nVent Electric insiders have sold 254.76% more of their company's stock than they have bought. Specifically, they have bought $497,162.00 in company stock and sold $1,763,716.00 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.

  • Read more about nVent Electric's insider trading history.

NVT Stock News Headlines

Central Bank Abandons USD
Startling new evidence shows the U.S. Central Bank is abandoning the currency we’ve relied on for centuries – the United States Dollar… And placing a ‘quiet bet’ on a new type of currency… Gold.
Keybanc Upgrades nVent Electric (NVT)
See More Headlines

NVT Stock Analysis - Frequently Asked Questions

nVent Electric's stock was trading at $59.09 at the beginning of the year. Since then, NVT shares have increased by 13.4% and is now trading at $66.99.
View the best growth stocks for 2024 here
.

nVent Electric plc (NYSE:NVT) posted its quarterly earnings data on Tuesday, August, 6th. The company reported $0.82 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.83 by $0.01. The firm's revenue for the quarter was up 9.6% on a year-over-year basis.

Top institutional shareholders of nVent Electric include Massachusetts Financial Services Co. MA (2.94%), Principal Financial Group Inc. (1.04%), Dimensional Fund Advisors LP (1.01%) and Robeco Schweiz AG (0.99%). Insiders that own company stock include Sara E Zawoyski, 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
.

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.

Based on aggregate information from My MarketBeat watchlists, some other companies that nVent Electric investors own include Pentair (PNR), AbbVie (ABBV), AT&T (T), Waste Connections (WCN), Pfizer (PFE), QUALCOMM (QCOM) and Allena Pharmaceuticals (ALNA).

Company Calendar

Ex-Dividend for 8/2 Dividend
7/19/2024
Dividend Payable
8/02/2024
Last Earnings
8/06/2024
Today
9/18/2024
Next Earnings (Estimated)
10/25/2024
Fiscal Year End
12/31/2024

Industry, Sector and Symbol

Industry
Special industry machinery, except metalworking machinery
Sub-Industry
Machinery
Fax
N/A
Employees
11,300
Year Founded
N/A

Price Target and Rating

Average Stock Price Target
$86.50
High Stock Price Target
$95.00
Low Stock Price Target
$80.00
Potential Upside/Downside
+29.1%
Consensus Rating
Buy
Rating Score (0-4)
3.00
Research Coverage
6 Analysts

Profitability

Net Income
$567.10 million
Pretax Margin
15.22%

Debt

Sales & Book Value

Annual Sales
$3.47 billion
Cash Flow
$4.19 per share
Book Value
$19.03 per share

Miscellaneous

Free Float
161,869,000
Market Cap
$11.12 billion
Optionable
Optionable
Beta
1.27

This page (NYSE:NVT) was last updated on 9/18/2024 by MarketBeat.com Staff
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