nVent Electric (NYSE:NVT) Upgraded to “Hold” at Wells Fargo & Company

nVent Electric (NYSE:NVT) was upgraded by stock analysts at Wells Fargo & Company to a “hold” rating in a research report issued to clients and investors on Thursday, Zacks reports.

NVT has been the subject of a number of other research reports. Robert W. Baird boosted their price objective on shares of nVent Electric from $188.00 to $200.00 and gave the company an “outperform” rating in a report on Monday, August 3rd. Royal Bank Of Canada lifted their price target on shares of nVent Electric from $193.00 to $200.00 and gave the stock an “outperform” rating in a research report on Monday, August 3rd. The Goldman Sachs Group reissued a “buy” rating and issued a $200.00 price target on shares of nVent Electric in a report on Saturday, August 1st. UBS Group restated a “buy” rating on shares of nVent Electric in a research report on Tuesday, August 25th. Finally, Wolfe Research reaffirmed an “outperform” rating and set a $191.00 price objective on shares of nVent Electric in a research note on Thursday, July 9th. Three equities research analysts have rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and one has issued a Hold rating to the company. According to MarketBeat, the stock currently has an average rating of “Buy” and a consensus target price of $198.67.

nVent Electric Price Performance

nVent Electric stock opened at $164.30 on Thursday. The firm has a market capitalization of $26.59 billion, a P/E ratio of 44.89, a PEG ratio of 1.37 and a beta of 1.36. nVent Electric has a 1 year low of $93.22 and a 1 year high of $184.64. The business has a 50-day moving average of $156.87 and a 200-day moving average of $151.48. The company has a current ratio of 1.80, a quick ratio of 1.33 and a debt-to-equity ratio of 0.37.

nVent Electric (NYSE:NVT) last announced its quarterly earnings results on Friday, July 31st. The company reported $1.45 EPS for the quarter, beating analysts’ consensus estimates of $1.16 by $0.29. The company had revenue of $1.47 billion during the quarter, compared to analysts’ expectations of $1.26 billion. nVent Electric had a return on equity of 18.85% and a net margin of 12.38%.nVent Electric’s revenue was up 52.8% on a year-over-year basis. During the same period in the prior year, the business posted $0.86 EPS. nVent Electric has set its Q3 2026 guidance at 1.350-1.380 EPS and its FY 2026 guidance at 5.000-5.100 EPS. On average, equities analysts anticipate that nVent Electric will post 5.13 EPS for the current year.

Insiders Place Their Bets

In other nVent Electric news, CAO Randolph Wacker sold 22,525 shares of nVent Electric stock in a transaction that occurred on Wednesday, August 5th. The shares were sold at an average price of $164.62, for a total value of $3,708,065.50. Following the transaction, the chief accounting officer owned 27,441 shares of the company’s stock, valued at approximately $4,517,337.42. The trade was a 45.08% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO Beth Wozniak sold 46,261 shares of the company’s stock in a transaction that occurred on Wednesday, August 5th. The shares were sold at an average price of $164.42, for a total transaction of $7,606,233.62. Following the completion of the transaction, the chief executive officer owned 55,612 shares of the company’s stock, valued at $9,143,725.04. This trade represents a 45.41% decrease in their position. The SEC filing for this sale provides additional information. In the last three months, insiders have sold 74,644 shares of company stock worth $12,276,886. Company insiders own 1.70% of the company’s stock.

Hedge Funds Weigh In On nVent Electric

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Alua Capital Management LP bought a new stake in shares of nVent Electric in the first quarter valued at about $27,394,000. WINTON GROUP Ltd bought a new position in shares of nVent Electric during the fourth quarter worth about $10,782,000. Norges Bank bought a new position in shares of nVent Electric during the fourth quarter worth about $245,955,000. Rithm Capital Corp. acquired a new stake in nVent Electric in the 1st quarter valued at approximately $1,360,000. Finally, Gotham Asset Management LLC raised its position in nVent Electric by 11.8% in the 4th quarter. Gotham Asset Management LLC now owns 570,862 shares of the company’s stock valued at $58,211,000 after buying an additional 60,049 shares during the last quarter. 90.05% of the stock is owned by institutional investors and hedge funds.

nVent Electric Company Profile

nVent Electric plc (NYSE:NVT) is a global provider of electrical connection and protection solutions. The company designs and manufactures products that help protect electrical and electronic systems, manage heat, and support the installation and operation of electrical infrastructure across industrial, commercial, residential, data center, energy and infrastructure applications.

Its product portfolio includes electrical and electronic enclosures, thermal-management systems, cable-management products, grounding and bonding equipment, electrical connections, fastening systems and other installation solutions.