nVent Electric PLC (NYSE:NVT) has received an average broker rating score of 1.75 (Buy) from the four brokers that provide coverage for the company, Zacks Investment Research reports. One equities research analyst has rated the stock with a hold recommendation, one has issued a buy recommendation and two have issued a strong buy recommendation on the company.
Analysts have set a 1-year consensus price target of $28.00 for the company and are predicting that the company will post $0.47 earnings per share for the current quarter, according to Zacks. Zacks has also assigned nVent Electric an industry rank of 94 out of 255 based on the ratings given to its competitors.
Separately, Barclays reiterated a “hold” rating and issued a $25.00 price objective on shares of nVent Electric in a research note on Friday, July 27th.
Hedge funds and other institutional investors have recently modified their holdings of the business. Advisors Asset Management Inc. purchased a new stake in nVent Electric in the second quarter valued at approximately $406,000. First Bank & Trust purchased a new stake in nVent Electric in the second quarter valued at approximately $105,000. Kohmann Bosshard Financial Services LLC purchased a new stake in nVent Electric in the second quarter valued at approximately $113,000. Moneta Group Investment Advisors LLC purchased a new stake in nVent Electric in the second quarter valued at approximately $133,000. Finally, Glen Harbor Capital Management LLC purchased a new stake in nVent Electric in the second quarter valued at approximately $134,000. Institutional investors own 81.64% of the company’s stock.
NVT traded down $0.30 on Monday, reaching $25.22. The company’s stock had a trading volume of 6,192 shares, compared to its average volume of 1,641,553. The company has a quick ratio of 1.53, a current ratio of 2.12 and a debt-to-equity ratio of 0.36. nVent Electric has a fifty-two week low of $21.00 and a fifty-two week high of $29.84.
nVent Electric (NYSE:NVT) last announced its quarterly earnings results on Thursday, July 26th. The company reported $0.44 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.42 by $0.02. The business had revenue of $542.70 million during the quarter, compared to analyst estimates of $542.50 million. The firm’s revenue for the quarter was up 5.7% compared to the same quarter last year. Research analysts anticipate that nVent Electric will post 1.76 EPS for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, November 2nd. Shareholders of record on Friday, October 19th will be paid a $0.175 dividend. This represents a $0.70 dividend on an annualized basis and a yield of 2.78%. The ex-dividend date is Thursday, October 18th.
About nVent Electric
nVent Electric plc designs, manufactures, markets, installs, and services electrical connection and protection products and solutions in the United States, Canada, and internationally. The company operates through three segments: Enclosures, Thermal Management, and Electrical & Fastening Solutions.
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