nVent Electric PLC (NYSE:NVT) has been given a consensus recommendation of “Buy” by the eight brokerages that are presently covering the company, MarketBeat reports. One analyst has rated the stock with a sell recommendation, two have assigned a hold recommendation and five have given a buy recommendation to the company. The average 1-year price target among brokerages that have issued a report on the stock in the last year is $29.20.

A number of equities research analysts recently commented on the stock. Buckingham Research set a $31.00 price objective on shares of nVent Electric and gave the company a “buy” rating in a research report on Friday, April 26th. Zacks Investment Research upgraded shares of nVent Electric from a “sell” rating to a “hold” rating in a research report on Tuesday, April 2nd. ValuEngine downgraded shares of nVent Electric from a “hold” rating to a “sell” rating in a research report on Monday, April 1st. Finally, KeyCorp restated a “buy” rating and issued a $30.00 price objective (up previously from $29.00) on shares of nVent Electric in a research report on Wednesday, February 27th.

In other news, Director Trian Fund Management, L.P. sold 366,901 shares of nVent Electric stock in a transaction that occurred on Thursday, May 9th. The shares were sold at an average price of $26.03, for a total transaction of $9,550,433.03. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 1.60% of the stock is currently owned by company insiders.

Hedge funds have recently bought and sold shares of the company. First Hawaiian Bank lifted its position in shares of nVent Electric by 64.0% during the 4th quarter. First Hawaiian Bank now owns 1,604 shares of the company’s stock valued at $36,000 after acquiring an additional 626 shares during the period. Truvestments Capital LLC acquired a new stake in shares of nVent Electric during the 1st quarter valued at approximately $57,000. Oregon Public Employees Retirement Fund lifted its position in shares of nVent Electric by 2,187.3% during the 4th quarter. Oregon Public Employees Retirement Fund now owns 1,457,025 shares of the company’s stock valued at $65,000 after acquiring an additional 1,393,323 shares during the period. ERTS Wealth Advisors LLC acquired a new stake in shares of nVent Electric during the 4th quarter valued at approximately $93,000. Finally, Investors Research Corp acquired a new stake in shares of nVent Electric during the 1st quarter valued at approximately $101,000. Institutional investors own 88.86% of the company’s stock.

Shares of NYSE:NVT opened at $25.10 on Tuesday. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.82 and a quick ratio of 1.22. The stock has a market capitalization of $4.59 billion and a P/E ratio of 14.43. nVent Electric has a 52 week low of $19.71 and a 52 week high of $29.84.

nVent Electric (NYSE:NVT) last announced its quarterly earnings data on Thursday, April 25th. The company reported $0.39 EPS for the quarter, beating the Zacks’ consensus estimate of $0.38 by $0.01. The firm had revenue of $538.00 million during the quarter, compared to the consensus estimate of $546.43 million. nVent Electric had a net margin of 10.62% and a return on equity of 11.66%. The business’s revenue was down .2% on a year-over-year basis. On average, sell-side analysts anticipate that nVent Electric will post 1.87 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Friday, May 3rd. Stockholders of record on Thursday, April 18th were given a dividend of $0.175 per share. The ex-dividend date was Wednesday, April 17th. This represents a $0.70 dividend on an annualized basis and a dividend yield of 2.79%. nVent Electric’s payout ratio is 40.23%.

About nVent Electric

nVent Electric plc designs, manufactures, markets, installs, and services electrical connection and protection products in the United States, Canada, Mexico, Europe, the Middle East, Africa, and internationally. The company operates through three segments: Enclosures, Thermal Management, and Electrical & Fastening Solutions.

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Analyst Recommendations for nVent Electric (NYSE:NVT)

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