nVent Electric (NYSE:NVT) Issues Earnings Results

nVent Electric (NYSE:NVT) released its quarterly earnings data 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 net margin of 16.95% and a return on equity of 15.66%. 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 1.6 %

NVT traded up $1.00 during trading on Thursday, reaching $64.58. The company had a trading volume of 4,796,849 shares, compared to its average volume of 2,157,579. The company has a quick ratio of 1.36, a current ratio of 1.83 and a debt-to-equity ratio of 0.68. The business has a 50 day simple moving average of $71.11 and a 200-day simple moving average of $70.39. The stock has a market cap of $10.64 billion, a P/E ratio of 18.89, a PEG ratio of 3.02 and a beta of 1.26. nVent Electric has a 52 week low of $56.44 and a 52 week high of $86.57.

nVent Electric Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, February 7th. Stockholders of record on Friday, January 17th will be given a dividend of $0.20 per share. The ex-dividend date of this dividend is Friday, January 17th. This represents a $0.80 annualized dividend and a dividend yield of 1.24%. This is an increase from nVent Electric’s previous quarterly dividend of $0.19. nVent Electric’s payout ratio is currently 23.46%.

Insider Buying and Selling at nVent Electric

In other nVent Electric news, Director Jerry W. Burris sold 6,558 shares of the company’s stock in a transaction on Monday, November 25th. The stock was sold at an average price of $80.00, for a total value of $524,640.00. Following the transaction, the director now owns 45,040 shares of the company’s stock, valued at $3,603,200. This represents a 12.71 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CFO Sara E. Zawoyski sold 14,505 shares of nVent Electric stock in a transaction on Tuesday, November 12th. The stock was sold at an average price of $76.76, for a total value of $1,113,403.80. Following the sale, the chief financial officer now owns 62,215 shares of the company’s stock, valued at approximately $4,775,623.40. This trade represents a 18.91 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 2.50% of the company’s stock.

Analyst Upgrades and Downgrades

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

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.