Currently, there are 164.82M common shares owned by the public and among those 162.98M shares have been available to trade.
The company’s stock has a 5-day price change of -15.65% and -14.81% over the past three months. NVT shares are trading -7.34% year to date (YTD), with the 12-month market performance up to 8.19% higher. It has a 12-month low price of $56.44 and touched a high of $86.57 over the same period. NVT has an average intraday trading volume of 1.71 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 -10.07%, -13.46%, and -13.56% respectively.
Institutional ownership of nVent Electric plc (NYSE: NVT) shares accounts for 92.75% of the company’s 164.82M shares outstanding.
It has a market capitalization of $10.41B and a beta (3y monthly) value of 1.25. The stock’s trailing 12-month PE ratio is 18.47, while the earnings-per-share (ttm) stands at $3.42. The company has a PEG of 4.58 and a Quick Ratio of 1.36 with the debt-to-equity ratio at 0.72. Price movements for the stock have been influenced by the stock’s volatility, which stands at 5.24% over the week and 3.11% over the month.
Earnings per share for the fiscal year are expected to decrease by -18.41%, and 22.05% over the next financial year. EPS should shrink at an annualized rate of 4.03% 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. KeyBanc Capital Markets stated their Overweight rating for the stock in a research note on September 04, 2024, with the firm’s price target at $80. Deutsche Bank coverage for the nVent Electric plc (NVT) stock in a research note released on March 11, 2024 offered a Buy rating with a price target of $83. William Blair on their part issued Outperform rating on July 27, 2023.
