nVent Electric (NYSE:NVT) Posts Earnings Results, Hits Estimates

nVent Electric (NYSE:NVT) announced its quarterly earnings results on Thursday. The company reported $0.59 EPS for the quarter, hitting analysts’ consensus estimates of $0.59, Zacks reports. nVent Electric had a net margin of 10.09% and a return on equity of 14.52%. nVent Electric updated its FY 2025 guidance to 2.980-3.080 EPS and its Q1 2025 guidance to 0.650-0.670 EPS.

nVent Electric Trading Up 3.1 %

NVT stock opened at $67.85 on Friday. The business has a fifty day moving average of $70.68 and a 200-day moving average of $70.29. The company has a market cap of $11.18 billion, a P/E ratio of 34.62, a PEG ratio of 3.01 and a beta of 1.26. nVent Electric has a twelve month low of $56.44 and a twelve month high of $86.57. The company has a quick ratio of 1.36, a current ratio of 1.73 and a debt-to-equity ratio of 0.65.

nVent Electric Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, February 7th. Stockholders of record on Friday, January 17th were paid a $0.20 dividend. This is a boost from nVent Electric’s previous quarterly dividend of $0.19. This represents a $0.80 annualized dividend and a dividend yield of 1.18%. The ex-dividend date of this dividend was Friday, January 17th. nVent Electric’s dividend payout ratio (DPR) is 40.82%.

Analyst Upgrades and Downgrades

A number of research firms have commented on NVT. Citigroup reduced 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 report on Monday, January 13th. Royal Bank of Canada increased their price target on nVent Electric from $85.00 to $86.00 and gave the stock an “outperform” rating in a research report on Friday. KeyCorp boosted their price objective on nVent Electric from $80.00 to $84.00 and gave the stock an “overweight” rating in a research note on Monday, October 14th. Finally, Barclays raised their target price on nVent Electric from $76.00 to $88.00 and gave the company an “overweight” rating in a research note on Thursday, December 5th. Six investment analysts have rated the stock with a buy rating, According to MarketBeat.com, the company currently has an average rating of “Buy” and an average price target of $86.33.

Insider Buying and Selling

In related news, CFO Sara E. Zawoyski sold 14,505 shares of the stock in a transaction that occurred on Tuesday, November 12th. The shares were sold at an average price of $76.76, for a total value of $1,113,403.80. Following the transaction, 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 sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Jerry W. Burris sold 6,558 shares of nVent Electric stock in a transaction on Monday, November 25th. The stock was sold at an average price of $80.00, for a total transaction of $524,640.00. Following the sale, 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 disclosure for this sale can be found here. Corporate insiders own 2.50% 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.