nVent Electric plc (NYSE:NVT) Receives $86.33 Consensus PT from Brokerages

Shares of nVent Electric plc (NYSE:NVTGet Free Report) have been given a consensus rating of “Buy” by the six analysts that are currently covering the company, MarketBeat reports. Six analysts have rated the stock with a buy recommendation. The average twelve-month target price among brokers that have issued ratings on the stock in the last year is $86.17.

A number of research firms have recently commented on NVT. Royal Bank of Canada raised their price objective on nVent Electric from $80.00 to $85.00 and gave the stock an “outperform” rating in a report on Friday, January 3rd. Barclays lifted their price target on shares of nVent Electric from $76.00 to $88.00 and gave the company an “overweight” rating in a research report on Thursday, December 5th. KeyCorp increased their price objective on shares of nVent Electric from $80.00 to $84.00 and gave the stock an “overweight” rating in a research report on Monday, October 14th. Finally, Citigroup reduced their target price on shares of nVent Electric from $91.00 to $90.00 and set a “buy” rating on the stock in a report on Monday.

Get Our Latest Report on NVT

nVent Electric Trading Down 0.1 %

NYSE NVT opened at $68.80 on Tuesday. The company has a market cap of $11.34 billion, a P/E ratio of 20.18, a P/E/G ratio of 3.86 and a beta of 1.27. nVent Electric has a 12 month low of $55.19 and a 12 month high of $86.57. The company has a debt-to-equity ratio of 0.68, a current ratio of 1.83 and a quick ratio of 1.36. The company has a 50-day moving average of $73.55 and a 200-day moving average of $71.32.

nVent Electric (NYSE:NVTGet Free Report) last 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 company had revenue of $782.00 million during the quarter, compared to analyst estimates of $937.37 million. nVent Electric had a net margin of 16.95% and a return on equity of 15.66%. The firm’s revenue for the quarter was up 9.4% compared to the same quarter last year. During the same quarter last year, the business earned $0.84 EPS. As a group, equities analysts predict that nVent Electric will post 2.5 earnings per share for the current year.

nVent Electric Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, February 7th. Investors of record on Friday, January 17th will be paid a dividend of $0.20 per share. This is an increase from nVent Electric’s previous quarterly dividend of $0.19. The ex-dividend date is Friday, January 17th. This represents a $0.80 annualized dividend and a yield of 1.16%. nVent Electric’s payout ratio is 23.46%.

Insider Buying and Selling at nVent Electric

In other nVent Electric news, Director Jerry W. Burris sold 6,558 shares of the company’s stock in a transaction that occurred on Monday, November 25th. The stock was sold at an average price of $80.00, for a total value of $524,640.00. Following the transaction, the director now directly owns 45,040 shares of the company’s stock, valued at $3,603,200. This represents a 12.71 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, EVP Jon D. Lammers sold 67,297 shares of the firm’s stock in a transaction that occurred on Wednesday, November 6th. The stock was sold at an average price of $76.07, for a total transaction of $5,119,282.79. Following the sale, the executive vice president now directly owns 58,121 shares of the company’s stock, valued at $4,421,264.47. The trade was a 53.66 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 96,382 shares of company stock valued at $7,365,956 in the last ninety days. Insiders own 2.50% of the company’s stock.

Institutional Trading of nVent Electric

Institutional investors have recently added to or reduced their stakes in the stock. Tsfg LLC acquired a new stake in shares of nVent Electric in the 4th quarter valued at about $51,000. Miracle Mile Advisors LLC acquired a new stake in nVent Electric during the fourth quarter valued at approximately $760,000. TT International Asset Management LTD lifted its holdings in nVent Electric by 20.4% during the 4th quarter. TT International Asset Management LTD now owns 108,395 shares of the company’s stock worth $7,388,000 after buying an additional 18,376 shares during the last quarter. LVM Capital Management Ltd. MI grew its position in shares of nVent Electric by 8.1% in the 4th quarter. LVM Capital Management Ltd. MI now owns 151,221 shares of the company’s stock worth $10,307,000 after acquiring an additional 11,349 shares in the last quarter. Finally, Harbor Capital Advisors Inc. bought a new stake in shares of nVent Electric in the 4th quarter valued at approximately $1,520,000. 90.05% of the stock is owned by institutional investors and hedge funds.

nVent Electric Company Profile

(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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Analyst Recommendations for nVent Electric (NYSE:NVT)

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