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Shares of nVent Electric plc (NYSE:NVT - Get Rating) have been given a consensus rating of "Buy" by the six research firms that are covering the firm, Marketbeat reports. Five analysts have rated the stock with a buy rating. The average 12 month price objective among analysts that have covered the stock in the last year is $41.80.
NVT has been the topic of a number of research analyst reports. Royal Bank of Canada increased their price objective on shares of nVent Electric from $36.00 to $39.00 and gave the stock an "outperform" rating in a research report on Monday, August 1st. Barclays upped their target price on shares of nVent Electric from $43.00 to $47.00 and gave the stock an "overweight" rating in a report on Monday, August 1st. Finally, The Goldman Sachs Group lowered their target price on shares of nVent Electric from $43.00 to $38.00 and set a "buy" rating on the stock in a report on Thursday, June 23rd.nVent Electric Stock Performance
Shares of NVT opened at $31.61 on Friday. The company has a current ratio of 1.75, a quick ratio of 1.13 and a debt-to-equity ratio of 0.40. The stock has a market capitalization of $5.26 billion, a P/E ratio of 18.49 and a beta of 1.43. The firm's fifty day simple moving average is $34.03 and its two-hundred day simple moving average is $33.86. nVent Electric has a 12 month low of $29.19 and a 12 month high of $39.53.
nVent Electric (NYSE:NVT - Get Rating) last released its quarterly earnings data on Friday, July 29th. The company reported $0.57 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.54 by $0.03. The company had revenue of $728.00 million for the quarter, compared to analysts' expectations of $687.72 million. nVent Electric had a net margin of 10.57% and a return on equity of 14.02%. The business's revenue was up 21.1% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.50 EPS. As a group, analysts predict that nVent Electric will post 2.22 EPS for the current year. nVent Electric Announces Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Friday, November 4th. Shareholders of record on Friday, October 21st will be paid a $0.175 dividend. The ex-dividend date of this dividend is Thursday, October 20th. This represents a $0.70 annualized dividend and a yield of 2.21%. nVent Electric's dividend payout ratio (DPR) is 40.94%. Insider Buying and Selling at nVent Electric
In other nVent Electric news, CFO Sara E. Zawoyski sold 3,591 shares of the stock in a transaction dated Tuesday, August 16th. The shares were sold at an average price of $36.88, for a total value of $132,436.08. Following the completion of the sale, the chief financial officer now owns 43,927 shares in the company, valued at approximately $1,620,027.76. The transaction was disclosed in a document filed with the SEC, which is available at this link. In other nVent Electric news, CFO Sara E. Zawoyski sold 3,591 shares of the stock in a transaction dated Tuesday, August 16th. The shares were sold at an average price of $36.88, for a total value of $132,436.08. Following the completion of the sale, the chief financial officer now owns 43,927 shares in the company, valued at approximately $1,620,027.76. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, CAO Randolph A. Wacker sold 2,784 shares of the stock in a transaction dated Wednesday, August 10th. The shares were sold at an average price of $35.71, for a total transaction of $99,416.64. Following the completion of the sale, the chief accounting officer now owns 13,531 shares of the company's stock, valued at approximately $483,192.01. The disclosure for this sale can be found here. In the last 90 days, insiders sold 7,965 shares of company stock worth $288,632. Insiders own 2.00% of the company's stock. Institutional Investors Weigh In On nVent Electric
Several large investors have recently modified their holdings of the stock. Walleye Capital LLC increased its stake in shares of nVent Electric by 1,571.0% during the 2nd quarter. Walleye Capital LLC now owns 147,050 shares of the company's stock worth $4,607,000 after purchasing an additional 138,250 shares during the last quarter. Captrust Financial Advisors increased its stake in shares of nVent Electric by 16.2% during the 2nd quarter. Captrust Financial Advisors now owns 5,375 shares of the company's stock worth $168,000 after purchasing an additional 751 shares during the last quarter. United Services Automobile Association purchased a new stake in shares of nVent Electric during the 2nd quarter worth approximately $564,000. Colony Group LLC boosted its holdings in nVent Electric by 8.0% in the 2nd quarter. Colony Group LLC now owns 114,541 shares of the company's stock worth $3,589,000 after buying an additional 8,521 shares during the period. Finally, Penn Capital Management Company LLC boosted its holdings in nVent Electric by 4.4% in the 2nd quarter. Penn Capital Management Company LLC now owns 70,895 shares of the company's stock worth $2,221,000 after buying an additional 2,993 shares during the period. Hedge funds and other institutional investors own 88.28% of the company's stock. About nVent Electric (Get Rating)
nVent Electric plc designs, manufactures, markets, installs, and services electrical connection and protection products worldwide. The company operates through three segments: Enclosures, Electrical & Fastening Solutions, and Thermal Management. The Enclosures segment provides solutions to connect and protect critical electronics, communication, control, and power equipment; physical infrastructure solutions to host, connect, and protect server and network equipment; and indoor and outdoor protection for test and measurement and aerospace and defense applications in industrial, infrastructure, commercial, and energy verticals.See AlsoGet a free copy of the StockNews.com research report on nVent Electric (NVT)EV Battery Maker Freyr Set For Major Global Expansion MarketBeat: Week in Review 9/26 – 9/30This Is A Memorable Time To Buy Into Micron TechnologyLet Paychex Stock Work Hard For You How Does Keurig Dr Pepper Compare To Larger Rivals Coke & Pepsi?
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