nVent Electric (NYSE:NVT) Issues Earnings Results

nVent Electric (NYSE:NVT) released its quarterly earnings results on Thursday. The company reported $0.59 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.59, Zacks reports. nVent Electric had a return on equity of 14.52% and a net margin of 10.09%. 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 Stock Up 3.1 %

Shares of nVent Electric stock opened at $67.85 on Friday. The company has a current ratio of 1.73, a quick ratio of 1.36 and a debt-to-equity ratio of 0.65. nVent Electric has a 1 year low of $56.44 and a 1 year high of $86.57. The stock has a 50-day moving average price of $70.68 and a 200 day moving average price of $70.29. The company has a market cap of $11.18 billion, a P/E ratio of 34.62, a P/E/G ratio of 3.01 and a beta of 1.26.

nVent Electric Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, February 7th. Stockholders of record on Friday, January 17th were issued a dividend of $0.20 per share. This is an increase from nVent Electric’s previous quarterly dividend of $0.19. The ex-dividend date of this dividend was Friday, January 17th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 1.18%. nVent Electric’s payout ratio is currently 40.82%.

Insider Activity

In other nVent Electric news, Director Jerry W. Burris sold 6,558 shares of the company’s stock in a transaction dated 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 directly 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 document filed with the SEC, which is available at this hyperlink. Also, CFO Sara E. Zawoyski sold 14,505 shares of nVent Electric stock in a transaction dated Tuesday, November 12th. The shares were 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 represents a 18.91 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 2.50% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on NVT. KeyCorp upped their target price on nVent Electric from $80.00 to $84.00 and gave the stock an “overweight” rating in a research report on Monday, October 14th. Citigroup dropped their price target on nVent Electric from $91.00 to $90.00 and set a “buy” rating on the stock in a report on Monday, January 13th. Barclays raised their price objective on nVent Electric from $76.00 to $88.00 and gave the stock an “overweight” rating in a research note on Thursday, December 5th. Finally, Royal Bank of Canada boosted their target price on nVent Electric from $85.00 to $86.00 and gave the stock an “outperform” rating in a research report on Friday. Six investment analysts have rated the stock with a buy rating, According to data from MarketBeat.com, nVent Electric has a consensus rating of “Buy” and a consensus price target of $86.33.

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.