nVent Electric (NYSE:NVT) Announces Quarterly Earnings Results

nVent Electric (NYSE:NVT) released its quarterly earnings results 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 Price Performance

Shares of nVent Electric stock opened at $65.63 on Friday. The company has a debt-to-equity ratio of 0.68, a current ratio of 1.83 and a quick ratio of 1.36. nVent Electric has a one year low of $56.44 and a one year high of $86.57. The business’s 50 day simple moving average is $71.11 and its two-hundred day simple moving average is $70.39. The stock has a market capitalization 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.

nVent Electric Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, February 7th. Investors of record on Friday, January 17th will be issued a dividend of $0.20 per share. The ex-dividend date is Friday, January 17th. This is a boost 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 is currently 23.46%.

Analysts Set New Price Targets

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

Insider Activity

In other nVent Electric news, Director Jerry W. Burris sold 6,558 shares of the business’s 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 approximately $3,603,200. The trade was a 12.71 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Sara E. Zawoyski sold 14,505 shares of the 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 sale, the chief financial officer now owns 62,215 shares of the company’s stock, valued at approximately $4,775,623.40. This represents a 18.91 % 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.