Currently, there are 165.07M common shares owned by the public and among those 164.14M shares have been available to trade.
The company’s stock has a 5-day price change of -12.29% and -20.16% over the past three months. NVT shares are trading 3.23% year to date (YTD), with the 12-month market performance up to 12.21% higher. It has a 12-month low price of $45.60 and touched a high of $86.57 over the same period. NVT has an average intraday trading volume of 1.66 million shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by -17.07%, -20.50%, and -8.75% respectively.
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Institutional ownership of nVent Electric plc (NYSE: NVT) shares accounts for 94.80% of the company’s 165.07M shares outstanding.
It has a market capitalization of $10.13B and a beta (3y monthly) value of 1.30. The stock’s trailing 12-month PE ratio is 17.75, while the earnings-per-share (ttm) stands at $3.44. The company has a PEG of 2.28 and a Quick Ratio of 1.35 with the debt-to-equity ratio at 0.59. Price movements for the stock have been influenced by the stock’s volatility, which stands at 6.42% over the week and 4.37% over the month.
Earnings per share for the fiscal year are expected to increase by 6.61%, and 9.11% over the next financial year. EPS should shrink at an annualized rate of 7.80% over the next five years, compared to 21.44% over the past 5-year period.
Looking at the support for the NVT, a number of firms have released research notes about the stock. Deutsche Bank stated their Buy rating for the stock in a research note on March 11, 2024, with the firm’s price target at $83. Citigroup coverage for the nVent Electric plc (NVT) stock in a research note released on October 03, 2023 offered a Buy rating with a price target of $62. KeyBanc Capital Markets on their part issued Sector Weight rating on December 13, 2022.
