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

nVent Electric (NYSE:NVT) issued its quarterly earnings data on Thursday. The company reported $0.59 EPS for the quarter, hitting analysts’ consensus estimates 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 Stock Performance

Shares of NYSE:NVT traded up $1.00 on Thursday, hitting $64.58. 4,796,849 shares of the company were exchanged, compared to its average volume of 2,157,579. 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 stock’s 50 day moving average price is $71.11 and its 200 day moving average price is $70.39. nVent Electric has a 1-year low of $56.44 and a 1-year high of $86.57. The firm has a market capitalization of $10.64 billion, a P/E ratio of 18.89, a price-to-earnings-growth ratio of 3.02 and a beta of 1.26.

nVent Electric Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, February 7th. Shareholders of record on Friday, January 17th will be issued a $0.20 dividend. The ex-dividend date is Friday, January 17th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 1.24%. This is a boost from nVent Electric’s previous quarterly dividend of $0.19. nVent Electric’s dividend payout ratio (DPR) is currently 23.46%.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on NVT shares. Barclays boosted their price target on nVent Electric from $76.00 to $88.00 and gave the stock an “overweight” rating in a research report on Thursday, December 5th. KeyCorp increased their price target on shares of nVent Electric from $80.00 to $84.00 and gave the company an “overweight” rating in a research report on Monday, October 14th. Citigroup reduced their price objective on shares of nVent Electric from $91.00 to $90.00 and set a “buy” rating for the company in a research note on Monday, January 13th. Finally, Royal Bank of Canada raised their target price on shares of nVent Electric from $80.00 to $85.00 and gave the company an “outperform” rating in a research note on Friday, January 3rd. Six investment analysts have rated the stock with a buy rating, According to MarketBeat, the company presently has an average rating of “Buy” and an average price target of $86.17.

Insider Buying and Selling

In related news, Director Jerry W. Burris sold 6,558 shares of the stock in a transaction that occurred on 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 approximately $3,603,200. This represents a 12.71 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Sara E. Zawoyski sold 14,505 shares of nVent Electric stock in a transaction that occurred on Tuesday, November 12th. The shares were sold at an average price of $76.76, for a total transaction 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. The trade was 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 currently owned by company insiders.

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.