Seaport Res Ptn Estimates nVent Electric FY2024 Earnings

nVent Electric plc (NYSE:NVT) – Equities researchers at Seaport Res Ptn issued their FY2024 earnings estimates for shares of nVent Electric in a research note issued on Tuesday, November 5th. Seaport Res Ptn analyst S. Graham anticipates that the company will earn $2.50 per share for the year. The consensus estimate for nVent Electric’s current full-year earnings is $2.50 per share. Seaport Res Ptn also issued estimates for nVent Electric’s Q4 2024 earnings at $0.60 EPS, Q1 2025 earnings at $0.69 EPS, Q2 2025 earnings at $0.78 EPS, Q3 2025 earnings at $0.75 EPS, Q4 2025 earnings at $0.69 EPS, FY2025 earnings at $2.91 EPS and FY2026 earnings at $3.22 EPS.

Other equities analysts have also issued reports about the stock. KeyCorp lifted their price objective on shares of nVent Electric from $80.00 to $84.00 and gave the company an “overweight” rating in a report on Monday, October 14th. Royal Bank of Canada dropped their target price on nVent Electric from $82.00 to $80.00 and set an “outperform” rating on the stock in a research report on Monday. Finally, Barclays reduced their price target on nVent Electric from $87.00 to $86.00 and set an “overweight” rating for the company in a research report on Wednesday, October 2nd. Six equities research analysts have rated the stock with a buy rating, According to data from MarketBeat, the stock presently has a consensus rating of “Buy” and a consensus price target of $85.33.

nVent Electric Trading Up 0.9 %

NYSE NVT opened at $77.79 on Thursday. nVent Electric has a one year low of $49.90 and a one year high of $86.57. The company has a debt-to-equity ratio of 0.68, a quick ratio of 1.36 and a current ratio of 1.83. The company has a market capitalization of $12.82 billion, a price-to-earnings ratio of 22.81, a price-to-earnings-growth ratio of 1.83 and a beta of 1.26. The company’s 50-day simple moving average is $69.83 and its two-hundred day simple moving average is $73.12.

nVent Electric (NYSE:NVT) last released its quarterly earnings data on Tuesday, November 5th. The company reported $0.63 EPS for the quarter, missing the consensus estimate of $0.81 by ($0.18). nVent Electric had a return on equity of 15.66% and a net margin of 16.95%. The firm had revenue of $782.00 million for the quarter, compared to analysts’ expectations of $937.37 million. During the same quarter in the previous year, the business earned $0.84 earnings per share. The company’s revenue for the quarter was up 9.4% compared to the same quarter last year.

Hedge Funds Weigh In On nVent Electric

Large investors have recently made changes to their positions in the company. UMB Bank n.a. boosted its position in nVent Electric by 280.0% during the third quarter. UMB Bank n.a. now owns 418 shares of the company’s stock worth $29,000 after purchasing an additional 308 shares in the last quarter. ORG Wealth Partners LLC purchased a new position in shares of nVent Electric during the 3rd quarter valued at approximately $29,000. ORG Partners LLC acquired a new stake in nVent Electric in the 2nd quarter valued at $31,000. First Foundation Advisors purchased a new stake in nVent Electric in the 2nd quarter worth $34,000. Finally, Ashton Thomas Private Wealth LLC acquired a new position in nVent Electric during the second quarter worth $34,000. 90.05% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at nVent Electric

In related news, Director Herbert K. Parker purchased 7,566 shares of the business’s stock in a transaction on Thursday, August 15th. The shares were acquired at an average price of $65.71 per share, for a total transaction of $497,161.86. Following the purchase, the director now owns 34,524 shares of the company’s stock, valued at $2,268,572.04. This trade represents a 0.00 % increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other news, Director Herbert K. Parker bought 7,566 shares of the firm’s stock in a transaction that occurred on Thursday, August 15th. The stock was purchased at an average price of $65.71 per share, with a total value of $497,161.86. Following the completion of the acquisition, the director now directly owns 34,524 shares of the company’s stock, valued at $2,268,572.04. This trade represents a 0.00 % increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Jon D. Lammers sold 67,297 shares of the stock in a transaction that occurred on Wednesday, November 6th. The stock was sold at an average price of $76.07, for a total transaction of $5,119,282.79. Following the completion of the transaction, the executive vice president now owns 58,121 shares in the company, valued at approximately $4,421,264.47. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 95,323 shares of company stock worth $6,994,965. Insiders own 2.50% of the company’s stock.

nVent Electric Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, November 1st. Stockholders of record on Friday, October 18th were given a $0.19 dividend. The ex-dividend date of this dividend was Friday, October 18th. This represents a $0.76 dividend on an annualized basis and a dividend yield of 0.98%. nVent Electric’s payout ratio is 22.29%.

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.