nVent Electric (NYSE:NVT) Upgraded to Strong-Buy at Glj Research

nVent Electric (NYSE:NVT) was upgraded by research analysts at Glj Research to a “strong-buy” rating in a research report issued on Thursday,Zacks.com reports.

A number of other equities analysts also recently weighed in on NVT. Citigroup boosted their price target on shares of nVent Electric from $131.00 to $133.00 and gave the stock a “buy” rating in a report on Monday, February 9th. Wall Street Zen lowered nVent Electric from a “strong-buy” rating to a “buy” rating in a research note on Monday, February 23rd. UBS Group started coverage on nVent Electric in a report on Thursday, November 20th. They issued a “buy” rating and a $128.00 price objective for the company. KeyCorp upped their price target on shares of nVent Electric from $125.00 to $130.00 and gave the company an “overweight” rating in a research report on Monday, February 9th. Finally, Weiss Ratings cut shares of nVent Electric from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Tuesday, February 24th. One research analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $129.00.

nVent Electric Stock Down 4.1%

nVent Electric stock opened at $106.03 on Thursday. The company has a current ratio of 1.63, a quick ratio of 1.16 and a debt-to-equity ratio of 0.41. The firm’s fifty day moving average price is $111.71 and its two-hundred day moving average price is $104.42. The firm has a market capitalization of $17.15 billion, a price-to-earnings ratio of 24.66, a price-to-earnings-growth ratio of 1.15 and a beta of 1.31. nVent Electric has a 1-year low of $41.71 and a 1-year high of $122.92.

nVent Electric (NYSE:NVT) last announced its quarterly earnings results on Friday, February 6th. The company reported $0.90 earnings per share for the quarter, beating the consensus estimate of $0.89 by $0.01. nVent Electric had a net margin of 18.25% and a return on equity of 15.18%. The business had revenue of $1.07 billion for the quarter, compared to analysts’ expectations of $1 billion. During the same quarter last year, the firm earned $0.59 EPS. The firm’s revenue for the quarter was up 41.9% compared to the same quarter last year. nVent Electric has set its Q1 2026 guidance at 0.900-0.930 EPS and its FY 2026 guidance at 4.000-4.150 EPS. On average, equities research analysts predict that nVent Electric will post 3.04 earnings per share for the current fiscal year.

Insider Transactions at nVent Electric

In other news, Director Jerry W. Burris sold 5,244 shares of the firm’s stock in a transaction on Friday, February 6th. The shares were sold at an average price of $112.27, for a total transaction of $588,743.88. Following the sale, the director directly owned 46,371 shares in the company, valued at $5,206,072.17. This trade represents a 10.16% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Susan M. Cameron sold 5,000 shares of nVent Electric stock in a transaction on Tuesday, February 10th. The shares were sold at an average price of $114.52, for a total transaction of $572,600.00. Following the transaction, the director owned 13,405 shares in the company, valued at approximately $1,535,140.60. This trade represents a 27.17% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 17,841 shares of company stock valued at $2,046,166 over the last three months. Corporate insiders own 1.80% of the company’s stock.

Institutional Investors Weigh In On nVent Electric

A number of hedge funds have recently bought and sold shares of the business. AQR Capital Management LLC increased its stake in nVent Electric by 33.1% during the first quarter. AQR Capital Management LLC now owns 94,968 shares of the company’s stock worth $4,841,000 after acquiring an additional 23,606 shares during the last quarter. Jones Financial Companies Lllp raised its position in nVent Electric by 575.6% during the 1st quarter. Jones Financial Companies Lllp now owns 8,803 shares of the company’s stock valued at $461,000 after purchasing an additional 7,500 shares in the last quarter. Geneos Wealth Management Inc. increased its holdings in nVent Electric by 436.0% during the first quarter. Geneos Wealth Management Inc. now owns 1,072 shares of the company’s stock valued at $56,000 after buying an additional 872 shares during the period. Assetmark Inc. lifted its stake in shares of nVent Electric by 61.7% during the 2nd quarter. Assetmark Inc. now owns 920 shares of the company’s stock worth $67,000 after purchasing an additional 351 shares during the last quarter. Finally, Huntington National Bank lifted its position in nVent Electric by 57.0% during the second quarter. Huntington National Bank now owns 683 shares of the company’s stock valued at $50,000 after acquiring an additional 248 shares during the last quarter. Hedge funds and other institutional investors own 90.05% of the company’s stock.

About nVent Electric

nVent Electric PLC is a global manufacturer of electrical connection, protection and thermal management solutions. The company designs, engineers and produces a broad portfolio of products aimed at enhancing safety, reliability and performance in electrical systems across a variety of industries. Its core offerings include electrical enclosures, heat tracing systems, grounding and bonding products, cable management, and fastening solutions. nVent serves markets such as commercial and industrial construction, oil and gas, telecommunications, data centers, utilities, and renewable energy.

The company’s electrical enclosures and housing solutions protect sensitive components from environmental hazards, while its Raychem brand heat tracing products provide freeze protection and temperature maintenance for critical piping and equipment.