nVent Electric (NYSE:NVT – Get Free Report) announced its earnings results on Tuesday. The company reported $0.82 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.83 by ($0.01), Briefing.com reports. nVent Electric had a return on equity of 17.47% and a net margin of 17.02%. The company had revenue of $880.30 million for the quarter, compared to the consensus estimate of $892.89 million. During the same period in the prior year, the business earned $0.77 earnings per share. The firm’s revenue for the quarter was up 9.6% on a year-over-year basis.
nVent Electric Stock Up 1.5 %
NYSE:NVT traded up $0.94 on Friday, hitting $63.72. The stock had a trading volume of 1,500,225 shares, compared to its average volume of 1,505,156. The company has a quick ratio of 1.35, a current ratio of 1.99 and a debt-to-equity ratio of 0.54. nVent Electric has a 52 week low of $45.60 and a 52 week high of $86.57. The business’s fifty day moving average is $75.22 and its 200 day moving average is $72.84. The company has a market cap of $10.58 billion, a PE ratio of 18.30, a P/E/G ratio of 1.52 and a beta of 1.31.
nVent Electric Dividend Announcement
The company also recently announced a quarterly dividend, which was paid on Friday, August 2nd. Stockholders of record on Friday, July 19th were paid a $0.19 dividend. The ex-dividend date of this dividend was Friday, July 19th. This represents a $0.76 annualized dividend and a dividend yield of 1.19%. nVent Electric’s dividend payout ratio is presently 22.16%.
Analyst Upgrades and Downgrades
Check Out Our Latest Stock Report on NVT
Insider Activity
In related news, EVP Lynnette R. Heath sold 8,242 shares of the stock in a transaction on Wednesday, August 7th. The stock was sold at an average price of $60.26, for a total value of $496,662.92. Following the transaction, the executive vice president now directly owns 30,432 shares in the company, valued at approximately $1,833,832.32. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Corporate insiders own 2.50% of the company’s stock.
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.
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