nVent Electric (NYSE:NVT) Releases Earnings Results, Meets Estimates

nVent Electric (NYSE:NVT) announced its quarterly earnings results on Thursday. The company reported $0.59 EPS for the quarter, meeting analysts’ consensus estimates of $0.59, Zacks reports. nVent Electric had a return on equity of 15.66% and a net margin of 16.95%. 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 Price Performance

Shares of nVent Electric stock traded up $2.05 on Thursday, reaching $65.63. The stock had a trading volume of 7,109,247 shares, compared to its average volume of 2,192,641. nVent Electric has a 1 year low of $56.44 and a 1 year high of $86.57. The company has a current ratio of 1.83, a quick ratio of 1.36 and a debt-to-equity ratio of 0.68. The company has a market cap of $10.82 billion, a P/E ratio of 19.25, a price-to-earnings-growth ratio of 3.02 and a beta of 1.26. The business’s 50 day moving average is $71.11 and its two-hundred day moving average is $70.39.

nVent Electric Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, February 7th. Investors of record on Friday, January 17th will be issued a $0.20 dividend. The ex-dividend date is Friday, January 17th. This is an increase from nVent Electric’s previous quarterly dividend of $0.19. This represents a $0.80 annualized dividend and a yield of 1.22%. nVent Electric’s dividend payout ratio (DPR) is 23.46%.

Analyst Ratings Changes

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

Insider Buying and Selling at nVent Electric

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

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.