nVent Electric (NYSE:NVT) Upgraded at BMO Capital Markets

BMO Capital Markets upgraded shares of nVent Electric (NYSE:NVT) to a strong-buy rating in a report issued on Sunday morning,Zacks reports.

A number of other brokerages have also commented on NVT. Clear Str raised nVent Electric to a “strong-buy” rating in a report on Monday, July 13th. Weiss Ratings downgraded nVent Electric from a “buy (b)” rating to a “buy (b-)” rating in a report on Monday, August 31st. The Goldman Sachs Group reissued a “buy” rating and issued a $200.00 target price on shares of nVent Electric in a research report on Saturday, August 1st. Royal Bank Of Canada upped their price target on shares of nVent Electric from $193.00 to $200.00 and gave the company an “outperform” rating in a research note on Monday, August 3rd. Finally, Evercore reiterated an “outperform” rating and issued a $210.00 price objective on shares of nVent Electric in a research note on Monday, August 3rd. Two investment analysts have rated the stock with a Strong Buy rating, fifteen have given a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Buy” and an average price target of $199.50.

nVent Electric Stock Performance

Shares of NYSE NVT opened at $173.65 on Friday. The company has a current ratio of 1.80, a quick ratio of 1.33 and a debt-to-equity ratio of 0.37. The company has a market capitalization of $28.11 billion, a P/E ratio of 47.45, a P/E/G ratio of 0.91 and a beta of 1.35. nVent Electric has a 12 month low of $93.22 and a 12 month high of $184.64. The stock has a 50 day moving average of $158.58 and a 200-day moving average of $154.41.

nVent Electric (NYSE:NVT) last released its quarterly earnings data on Friday, July 31st. The company reported $1.45 EPS for the quarter, topping analysts’ consensus estimates of $1.16 by $0.29. nVent Electric had a net margin of 12.38% and a return on equity of 18.85%. The firm had revenue of $1.47 billion during the quarter, compared to analysts’ expectations of $1.26 billion. During the same period in the previous year, the business posted $0.86 earnings per share. The company’s revenue for the quarter was up 52.8% compared to the same quarter last year. nVent Electric has set its Q3 2026 guidance at 1.350-1.380 EPS and its FY 2026 guidance at 5.000-5.100 EPS. As a group, equities research analysts predict that nVent Electric will post 5.13 EPS for the current year.

nVent Electric Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, November 6th. Shareholders of record on Friday, October 23rd will be issued a $0.21 dividend. This represents a $0.84 dividend on an annualized basis and a dividend yield of 0.5%. The ex-dividend date of this dividend is Friday, October 23rd. nVent Electric’s dividend payout ratio (DPR) is currently 22.95%.

Insider Buying and Selling at nVent Electric

In related news, insider Der Kolk Robert J. Van sold 5,858 shares of the company’s stock in a transaction on Monday, August 10th. The stock was sold at an average price of $164.32, for a total transaction of $962,586.56. Following the completion of the sale, the insider directly owned 27,387 shares in the company, valued at $4,500,231.84. This represents a 17.62% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Beth Wozniak sold 46,261 shares of the company’s stock in a transaction on Wednesday, August 5th. The stock was sold at an average price of $164.42, for a total value of $7,606,233.62. Following the sale, the chief executive officer owned 55,612 shares of the company’s stock, valued at approximately $9,143,725.04. This represents a 45.41% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last quarter, insiders have sold 74,644 shares of company stock valued at $12,276,886. 1.70% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of NVT. State Street Corp boosted its stake in shares of nVent Electric by 4.9% in the 2nd quarter. State Street Corp now owns 5,313,122 shares of the company’s stock valued at $901,159,000 after purchasing an additional 250,248 shares in the last quarter. Bank of New York Mellon Corp grew its holdings in shares of nVent Electric by 3.5% during the 1st quarter. Bank of New York Mellon Corp now owns 2,018,579 shares of the company’s stock valued at $238,758,000 after purchasing an additional 68,818 shares during the last quarter. First Trust Advisors LP increased its position in nVent Electric by 32.8% during the 1st quarter. First Trust Advisors LP now owns 1,696,369 shares of the company’s stock worth $200,647,000 after purchasing an additional 419,239 shares in the last quarter. Clean Energy Transition LLP increased its position in nVent Electric by 11.5% during the 4th quarter. Clean Energy Transition LLP now owns 1,506,140 shares of the company’s stock worth $153,581,000 after purchasing an additional 155,783 shares in the last quarter. Finally, Balyasny Asset Management L.P. lifted its stake in nVent Electric by 6.5% in the 4th quarter. Balyasny Asset Management L.P. now owns 1,411,699 shares of the company’s stock valued at $143,951,000 after purchasing an additional 85,599 shares during the last quarter. Institutional investors and hedge funds own 90.05% of the company’s stock.

About nVent Electric

nVent Electric plc is a global provider of electrical connection and protection solutions. The company designs and manufactures products that help protect, connect and manage electrical, electronic and critical infrastructure systems in industrial, commercial, data center, energy, transportation and other applications.

Its portfolio includes electrical and electronic enclosures, cable management systems, fastening and support products, grounding and bonding solutions, busbar and power distribution equipment, surge protection products, and thermal management systems.