Analysts have given a positive outlook for nVent Electric PLC (NYSE:NVT), assigning the stock an average recommendation of “Buy.” According to Marketbeat Ratings, ten brokerages currently covering the company have collectively set a **12-month price target** of **$123.25**. Notably, nine analysts rated the stock as a buy, while one has given it a strong buy rating.
Several firms have recently updated their price targets for nVent Electric. KeyCorp raised its target from **$103.00** to **$114.00**, assigning an “overweight” rating in a research note on **October 14, 2023**. UBS Group initiated coverage on **November 20, 2023**, with a buy recommendation and a price objective of **$128.00**. The Goldman Sachs Group adjusted its price target from **$111.00** to **$140.00** on **November 3, 2023**, while also issuing a buy rating. Roth Capital reaffirmed a buy rating, increasing its target price from **$115.00** to **$130.00** on the same day. Additionally, Barclays lifted its target from **$130.00** to **$140.00** on **December 4, 2023**.
nVent Electric shared its quarterly earnings results on **October 31, 2023**. The company reported earnings per share (EPS) of **$0.91**, surpassing analysts’ consensus estimate of **$0.88** by **$0.03**. Revenue for the quarter reached **$1.05 billion**, exceeding projections of **$1.01 billion**. Notably, nVent Electric achieved a net margin of **16.83%** and a return on equity of **14.29%**, with revenue up **34.8%** year-over-year. In the same quarter the previous year, the firm had an EPS of **$0.63**. For the fourth quarter of **2025**, nVent Electric has guided for an EPS of **$0.870** to **$0.890**, with an annual guidance of **$3.310** to **$3.330** EPS. Analysts expect the company to post an EPS of **$3.04** for the current year.
Dividend Increase and Insider Transactions
In another development, nVent Electric announced an increase in its quarterly dividend, which is set to be paid on **February 6, 2024**. Stockholders of record on **January 23, 2024** will receive a dividend of **$0.21** per share, up from the previous **$0.20**. This translates to an annualized dividend of **$0.84** and a yield of **0.8%**. The ex-dividend date is also scheduled for **January 23, 2024**, and the company’s dividend payout ratio currently stands at **22.04%**.
In the realm of insider trading, Director Greg Scheu sold **5,591 shares** on **November 24, 2023**, at an average price of **$104.04**, totaling approximately **$581,687.64**. Following this transaction, Scheu retains **14,348 shares**, valued at about **$1,492,765.92**, indicating a **28.04%** reduction in his stake. Additionally, insider Sara E. Zawoyski sold **115,557 shares** on **November 5, 2023**, at an average price of **$112.78**, amounting to roughly **$13,032,518.46**. After this sale, Zawoyski holds **66,680 shares**, valued at approximately **$7,520,170.40**, reflecting a **63.41%** decrease in her position. Company insiders collectively sold **163,228 shares** worth **$18,345,001** in the last quarter, with insiders owning **1.80%** of the company’s stock.
Institutional Investment Activity
A number of hedge funds and institutional investors have recently adjusted their holdings in nVent Electric. SVB Wealth LLC acquired a new stake valued at about **$25,000** during the first quarter, while Global Trust Asset Management LLC invested approximately **$30,000** in the third quarter. Root Financial Partners LLC and Trust Co. of Vermont also made new acquisitions, with the latter increasing its stake by **57.8%** in the second quarter. True Wealth Design LLC significantly boosted its holdings by **1,202.9%**, acquiring **443 shares** valued at **$32,000**. Overall, **90.05%** of nVent Electric’s stock is held by hedge funds and institutional investors.
nVent Electric PLC is a global leader in manufacturing electrical connection, protection, and thermal management solutions. The company focuses on enhancing safety, reliability, and performance in electrical systems across diverse industries. Its product portfolio includes electrical enclosures, heat tracing systems, grounding and bonding products, cable management, and fastening solutions. nVent serves various markets, including commercial and industrial construction, oil and gas, telecommunications, data centers, utilities, and renewable energy. The firm’s electrical enclosures protect critical components from environmental hazards, while its Raychem brand heat tracing products provide essential freeze protection and temperature maintenance for vital piping and equipment.
