nVent Electric (NYSE:NVT) Rating Lowered to “Buy” at Wall Street Zen

nVent Electric (NYSE:NVT) was downgraded by Wall Street Zen from a “strong-buy” rating to a “buy” rating in a note issued to investors on Monday.

Several other brokerages have also commented on NVT. Weiss Ratings reissued a “buy (b-)” rating on shares of nVent Electric in a report on Monday, December 29th. Royal Bank Of Canada boosted their target price on shares of nVent Electric from $136.00 to $138.00 and gave the stock an “outperform” rating in a research note on Monday, February 9th. Roth Mkm restated a “buy” rating and set a $130.00 price target (up from $115.00) on shares of nVent Electric in a research report on Monday, November 3rd. Zacks Research cut nVent Electric from a “strong-buy” rating to a “hold” rating in a report on Friday, February 6th. Finally, Barclays increased their target price on nVent Electric from $140.00 to $141.00 and gave the company an “overweight” rating in a report on Monday, February 9th. Ten investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat, nVent Electric presently has a consensus rating of “Moderate Buy” and an average target price of $126.25.

nVent Electric Trading Up 2.8%

Shares of nVent Electric stock opened at $118.19 on Monday. The firm has a 50-day simple moving average of $109.50 and a two-hundred day simple moving average of $103.18. The company has a debt-to-equity ratio of 0.41, a quick ratio of 1.16 and a current ratio of 1.63. nVent Electric has a fifty-two week low of $41.71 and a fifty-two week high of $120.85. The company has a market cap of $19.11 billion, a P/E ratio of 27.49, a price-to-earnings-growth ratio of 1.20 and a beta of 1.33.

nVent Electric (NYSE:NVT) last announced its quarterly earnings results on Friday, February 6th. The company reported $0.90 earnings per share for the quarter, beating the consensus estimate of $0.89 by $0.01. The firm had revenue of $1.07 billion during the quarter, compared to analyst estimates of $1 billion. nVent Electric had a return on equity of 15.18% and a net margin of 18.25%.nVent Electric’s revenue for the quarter was up 41.9% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.59 EPS. nVent Electric has set its Q1 2026 guidance at 0.900-0.930 EPS and its FY 2026 guidance at 4.000-4.150 EPS. As a group, equities analysts predict that nVent Electric will post 3.04 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, Director Jerry W. Burris sold 5,244 shares of the company’s stock in a transaction dated Friday, February 6th. The shares were sold at an average price of $112.27, for a total value of $588,743.88. Following the completion of the sale, the director owned 46,371 shares of the company’s stock, valued at approximately $5,206,072.17. This represents a 10.16% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director Susan M. Cameron sold 5,000 shares of the firm’s stock in a transaction dated Tuesday, February 10th. The stock was sold at an average price of $114.52, for a total transaction of $572,600.00. Following the sale, the director owned 13,405 shares of the company’s stock, valued at approximately $1,535,140.60. The trade was a 27.17% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders have sold 17,841 shares of company stock valued at $2,046,166. Insiders own 2.50% of the company’s stock.

Institutional Trading of nVent Electric

Several hedge funds have recently made changes to their positions in NVT. Norges Bank purchased a new position in nVent Electric in the second quarter worth approximately $234,290,000. Massachusetts Financial Services Co. MA lifted its stake in shares of nVent Electric by 146.0% in the 2nd quarter. Massachusetts Financial Services Co. MA now owns 3,195,543 shares of the company’s stock valued at $234,074,000 after purchasing an additional 1,896,749 shares during the last quarter. Geode Capital Management LLC grew its holdings in shares of nVent Electric by 7.5% during the 4th quarter. Geode Capital Management LLC now owns 3,125,289 shares of the company’s stock worth $318,752,000 after purchasing an additional 217,485 shares during the period. Price T Rowe Associates Inc. MD increased its position in shares of nVent Electric by 361.9% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 2,577,555 shares of the company’s stock worth $262,835,000 after purchasing an additional 2,019,483 shares during the last quarter. Finally, Champlain Investment Partners LLC raised its holdings in nVent Electric by 26.8% in the 2nd quarter. Champlain Investment Partners LLC now owns 2,260,240 shares of the company’s stock valued at $165,563,000 after buying an additional 477,135 shares during the period. Hedge funds and other institutional investors own 90.05% of the company’s stock.

About nVent Electric

nVent Electric PLC is a global manufacturer of electrical connection, protection and thermal management solutions. The company designs, engineers and produces a broad portfolio of products aimed at enhancing safety, reliability and performance in electrical systems across a variety of industries. Its core offerings include electrical enclosures, heat tracing systems, grounding and bonding products, cable management, and fastening solutions. nVent serves markets such as commercial and industrial construction, oil and gas, telecommunications, data centers, utilities, and renewable energy.

The company’s electrical enclosures and housing solutions protect sensitive components from environmental hazards, while its Raychem brand heat tracing products provide freeze protection and temperature maintenance for critical piping and equipment.