nVent Electric plc (NYSE: NVT) is 5.25% higher on its value in year-to-date trading and has touched a low of $45.60 and a high of $86.57 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The NVT stock was last observed hovering at around $62.03 in the last trading session, with the day’s gains setting it 0.16%.
Currently trading at $62.19, the stock is -4.18% and -10.51% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.98 million and changing 0.26% at the moment leaves the stock -9.37% off its SMA200. NVT registered 8.08% gain for a year compared to 6-month loss of -8.96%.
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The stock witnessed a -2.40% gain in the last 1 month and extending the period to 3 months gives it a -20.50%, and is -1.85% down over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 2.71% over the week and 2.83% over the month.
nVent Electric plc (NVT) has around 11300 employees, a market worth around $10.34B and $3.47B in sales. Current P/E ratio is 18.18 and Fwd P/E is 17.26. Profit margin for the company is 16.59%. Distance from 52-week low is 36.37% and -28.16% from its 52-week high. The company has generated returns on investments over the last 12 months (11.27%).
The EPS is expected to grow by 6.74% this year.
nVent Electric plc (NVT) Top Institutional Holders
863.0 institutions hold shares in nVent Electric plc (NVT), with institutional investors hold 94.72% of the company’s shares. The shares outstanding are 165.07M, and float is at 164.08M with Short Float at 1.01%. Institutions hold 93.75% of the Float.
The top institutional shareholder in the company is VANGUARD GROUP INC with over 16.73 million shares valued at $1.28 billion. The investor’s holdings represent 10.0705% of the NVT Shares outstanding. As of 2024-06-30, the second largest holder is BLACKROCK INC. with 15.2 million shares valued at $1.16 billion to account for 9.151 of the shares outstanding. The other top investors are FMR LLC which holds 10.57 million shares representing 6.3614% and valued at over $809.49 million, while FRANKLIN RESOURCES INC holds 3.4624 of the shares totaling 5.75 million with a market value of $440.59 million.
nVent Electric plc (NVT) Insider Activity
The most recent transaction is an insider purchase by Parker Herbert K, the company’s Director. SEC filings show that Parker Herbert K bought 7,566 shares of the company’s common stock on Aug 15 ’24 at a price of $65.71 per share for a total of $0.5 million. Following the purchase, the insider now owns 34524.0 shares.
nVent Electric plc disclosed in a document filed with the SEC on Aug 13 ’24 that Faulconer Michael B (President – Thermal Management) sold a total of 20,004 shares of the company’s common stock. The trade occurred on Aug 13 ’24 and was made at $63.34 per share for $1.27 million. Following the transaction, the insider now directly holds 19766.0 shares of the NVT stock.
Still, SEC filings show that on Aug 13 ’24, Faulconer Michael B (Officer) Proposed Sale 20,004 shares at an average price of $63.34 for $1.27 million. The insider now directly holds shares of nVent Electric plc (NVT).
