Research Analysts Set Expectations for nVent Electric plc’s FY2025 Earnings (NYSE:NVT)

nVent Electric plc (NYSE:NVT) – Research analysts at William Blair raised their FY2025 earnings per share (EPS) estimates for nVent Electric in a report issued on Monday, August 12th. William Blair analyst B. Drab now forecasts that the company will post earnings of $3.68 per share for the year, up from their prior estimate of $3.52. The consensus estimate for nVent Electric’s current full-year earnings is $3.27 per share.

Other research analysts have also issued research reports about the company. Royal Bank of Canada decreased their price objective on nVent Electric from $88.00 to $82.00 and set an “outperform” rating on the stock in a report on Wednesday, August 7th. Citigroup raised their price target on shares of nVent Electric from $91.00 to $92.00 and gave the stock a “buy” rating in a research note on Monday, May 6th. The Goldman Sachs Group upped their price objective on shares of nVent Electric from $77.00 to $87.00 and gave the company a “buy” rating in a research note on Monday, May 6th. Finally, Barclays raised their target price on shares of nVent Electric from $85.00 to $95.00 and gave the stock an “overweight” rating in a research note on Tuesday, June 4th. Five investment analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the stock has an average rating of “Buy” and an average price target of $87.80.

nVent Electric Price Performance

Shares of nVent Electric stock opened at $66.95 on Wednesday. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.99 and a quick ratio of 1.35. The business has a 50 day simple moving average of $73.78 and a two-hundred day simple moving average of $73.05. The stock has a market capitalization of $11.11 billion, a P/E ratio of 19.52, a PEG ratio of 1.52 and a beta of 1.31. nVent Electric has a 12 month low of $45.60 and a 12 month high of $86.57.

nVent Electric (NYSE:NVT) last released its earnings results on Tuesday, August 6th. The company reported $0.82 EPS for the quarter, missing analysts’ consensus estimates of $0.83 by ($0.01). The company had revenue of $880.30 million for the quarter, compared to analysts’ expectations of $892.89 million. nVent Electric had a return on equity of 17.47% and a net margin of 17.02%. The firm’s revenue for the quarter was up 9.6% on a year-over-year basis. During the same period in the prior year, the firm earned $0.77 EPS.

Hedge Funds Weigh In On nVent Electric

Several hedge funds have recently bought and sold shares of NVT. Raymond James Financial Services Advisors Inc. lifted its position in shares of nVent Electric by 6.2% during the fourth quarter. Raymond James Financial Services Advisors Inc. now owns 7,800 shares of the company’s stock worth $461,000 after purchasing an additional 454 shares in the last quarter. International Assets Investment Management LLC purchased a new stake in nVent Electric during the 4th quarter worth approximately $821,000. Louisiana State Employees Retirement System acquired a new stake in nVent Electric during the 4th quarter worth approximately $2,754,000. Vontobel Holding Ltd. boosted its position in nVent Electric by 217.5% in the 4th quarter. Vontobel Holding Ltd. now owns 25,874 shares of the company’s stock valued at $1,529,000 after buying an additional 17,724 shares during the period. Finally, Strs Ohio grew its stake in shares of nVent Electric by 8.7% in the fourth quarter. Strs Ohio now owns 40,225 shares of the company’s stock worth $2,376,000 after acquiring an additional 3,203 shares in the last quarter. Institutional investors and hedge funds own 90.05% of the company’s stock.

Insiders Place Their Bets

In other nVent Electric news, EVP Lynnette R. Heath sold 8,242 shares of the business’s stock in a transaction dated Wednesday, August 7th. The shares were sold at an average price of $60.26, for a total value of $496,662.92. Following the transaction, the executive vice president now directly owns 30,432 shares in the company, valued at approximately $1,833,832.32. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, Director Herbert K. Parker bought 7,566 shares of the company’s stock in a transaction that occurred on Thursday, August 15th. The stock was purchased at an average price of $65.71 per share, for a total transaction of $497,161.86. Following the acquisition, the director now owns 34,524 shares of the company’s stock, valued at $2,268,572.04. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP Lynnette R. Heath sold 8,242 shares of nVent Electric stock in a transaction on Wednesday, August 7th. The shares were sold at an average price of $60.26, for a total value of $496,662.92. Following the completion of the sale, the executive vice president now directly owns 30,432 shares of the company’s stock, valued at $1,833,832.32. The disclosure for this sale can be found here. 2.50% of the stock is owned by insiders.

nVent Electric Company Profile

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.