Citigroup Forecasts Strong Price Appreciation for nVent Electric (NYSE:NVT) Stock

nVent Electric (NYSE:NVT) had its price objective lifted by equities research analysts at Citigroup from $114.00 to $131.00 in a note issued to investors on Monday,Benzinga reports. The firm currently has a “buy” rating on the stock. Citigroup’s target price would suggest a potential upside of 15.41% from the stock’s current price.

A number of other research firms also recently weighed in on NVT. KeyCorp upped their price target on nVent Electric from $103.00 to $114.00 and gave the stock an “overweight” rating in a research report on Tuesday, October 14th. The Goldman Sachs Group upped their price objective on nVent Electric from $111.00 to $140.00 and gave the company a “buy” rating in a research note on Monday. Wall Street Zen upgraded nVent Electric from a “hold” rating to a “buy” rating in a research note on Saturday, July 12th. Royal Bank Of Canada lifted their price objective on shares of nVent Electric from $117.00 to $133.00 and gave the stock an “outperform” rating in a research report on Monday. Finally, Barclays reiterated an “overweight” rating and issued a $130.00 price objective on shares of nVent Electric in a report on Monday. One investment analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat, the stock has an average rating of “Buy” and a consensus target price of $121.14.

nVent Electric Stock Down 0.7%

NVT traded down $0.84 during trading on Monday, reaching $113.51. The company had a trading volume of 1,765,717 shares, compared to its average volume of 2,132,072. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.57 and a quick ratio of 1.11. nVent Electric has a 12 month low of $41.71 and a 12 month high of $117.52. The business’s fifty day moving average price is $97.31 and its 200 day moving average price is $80.56. The company has a market cap of $18.27 billion, a P/E ratio of 31.27, a PEG ratio of 1.70 and a beta of 1.38.

nVent Electric (NYSE:NVT) last posted its quarterly earnings data on Friday, October 31st. The company reported $0.91 EPS for the quarter, beating the consensus estimate of $0.88 by $0.03. The business had revenue of $1.05 billion for the quarter, compared to analysts’ expectations of $1.01 billion. nVent Electric had a net margin of 16.83% and a return on equity of 14.29%. The firm’s revenue was up 34.8% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.63 EPS. nVent Electric has set its Q4 2025 guidance at 0.870-0.890 EPS. FY 2025 guidance at 3.310-3.330 EPS. Equities analysts anticipate that nVent Electric will post 3.04 EPS for the current year.

Insider Buying and Selling at nVent Electric

In other nVent Electric news, CEO Beth Wozniak sold 42,331 shares of the firm’s stock in a transaction on Monday, August 18th. The stock was sold at an average price of $89.21, for a total transaction of $3,776,348.51. Following the transaction, the chief executive officer owned 49,196 shares in the company, valued at $4,388,775.16. This trade represents a 46.25% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Aravind Padmanabhan sold 24,534 shares of nVent Electric stock in a transaction on Tuesday, August 12th. The shares were sold at an average price of $90.00, for a total value of $2,208,060.00. Following the completion of the transaction, the executive vice president directly owned 12,063 shares of the company’s stock, valued at $1,085,670. This represents a 67.04% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 109,827 shares of company stock valued at $9,826,127 over the last ninety days. 1.80% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On nVent Electric

A number of large investors have recently bought and sold shares of the company. Hollencrest Capital Management increased its holdings in nVent Electric by 378,500.0% in the 3rd quarter. Hollencrest Capital Management now owns 7,572 shares of the company’s stock valued at $747,000 after buying an additional 7,570 shares during the period. Fidelis Capital Partners LLC acquired a new stake in shares of nVent Electric during the 3rd quarter worth approximately $217,000. TD Waterhouse Canada Inc. increased its stake in nVent Electric by 1,108.8% in the third quarter. TD Waterhouse Canada Inc. now owns 6,491 shares of the company’s stock valued at $650,000 after acquiring an additional 5,954 shares during the last quarter. Bank of New York Mellon Corp increased its stake in nVent Electric by 1.9% in the third quarter. Bank of New York Mellon Corp now owns 1,715,006 shares of the company’s stock valued at $169,168,000 after acquiring an additional 32,128 shares during the last quarter. Finally, Vanguard Personalized Indexing Management LLC raised its position in nVent Electric by 4.8% during the third quarter. Vanguard Personalized Indexing Management LLC now owns 34,479 shares of the company’s stock valued at $3,404,000 after purchasing an additional 1,590 shares in the last quarter. 90.05% of the stock is currently owned by institutional investors and hedge funds.

About nVent Electric

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.