nVent Electric (NYSE:NVT) Announces Earnings Results

nVent Electric (NYSE:NVT) announced its earnings results on Thursday. The company reported $0.59 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.59, Zacks reports. nVent Electric had a return on equity of 15.66% and a net margin of 16.95%. 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 3.2 %

NYSE:NVT opened at $65.63 on Friday. nVent Electric has a 1 year low of $56.44 and a 1 year high of $86.57. The stock’s fifty day moving average price is $71.11 and its two-hundred day moving average price is $70.39. 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 market cap of $10.82 billion, a P/E ratio of 19.25, a P/E/G ratio of 3.02 and a beta of 1.26.

nVent Electric Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, February 7th. Shareholders of record on Friday, January 17th will be issued a dividend of $0.20 per share. This is a boost from nVent Electric’s previous quarterly dividend of $0.19. The ex-dividend date of this dividend is Friday, January 17th. This represents a $0.80 dividend on an annualized basis and a yield of 1.22%. nVent Electric’s payout ratio is presently 23.46%.

Analyst Ratings Changes

NVT has been the subject of several research reports. KeyCorp increased their price target on shares of nVent Electric from $80.00 to $84.00 and gave the company an “overweight” rating in a research report on Monday, October 14th. Royal Bank of Canada raised their price target on shares of nVent Electric from $80.00 to $85.00 and gave the stock an “outperform” rating in a research note on Friday, January 3rd. Barclays upped their price objective on nVent Electric from $76.00 to $88.00 and gave the company an “overweight” rating in a research note on Thursday, December 5th. Finally, Citigroup decreased their target price on nVent Electric from $91.00 to $90.00 and set a “buy” rating for the company in a research report on Monday, January 13th. Six analysts have rated the stock with a buy rating, According to data from MarketBeat, the stock has a consensus rating of “Buy” and a consensus target price of $86.17.

Insider Activity

In related news, Director Jerry W. Burris sold 6,558 shares of the business’s stock in a transaction that occurred on Monday, November 25th. The shares were sold at an average price of $80.00, for a total transaction of $524,640.00. Following the completion of the transaction, the director now owns 45,040 shares of the company’s stock, valued at approximately $3,603,200. The trade was a 12.71 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Sara E. Zawoyski sold 14,505 shares of the stock in a transaction that occurred on Tuesday, November 12th. The stock was sold at an average price of $76.76, for a total transaction of $1,113,403.80. Following the completion of the sale, the chief financial officer now 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 disclosure for this sale can be found here. 2.50% of the stock is owned by company 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.