nVent Electric plc (NYSE: NVT) is 27.45% 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 $76.10 in the last trading session, with the day’s loss setting it -0.79%.
Currently trading at $75.31, the stock is 5.39% and 11.15% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.08 million and changing -1.04% at the moment leaves the stock 6.69% off its SMA200. NVT registered 52.70% gain for a year compared to 6-month loss of 5.14%. The firm has a 50-day simple moving average (SMA 50) of $67.7534 and a 200-day simple moving average (SMA200) of $70.5881.
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The stock witnessed a 6.87% gain in the last 1 month and extending the period to 3 months gives it a -2.78%, and is 3.35% up 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 2.35% over the week and 2.29% over the month.
nVent Electric plc (NVT) has around 11300 employees, a market worth around $12.52B and $3.47B in sales. Current P/E ratio is 22.01 and Fwd P/E is 21.12. Profit margin for the company is 16.59%. Distance from 52-week low is 65.14% and -13.01% from its 52-week high. The company has generated returns on investments over the last 12 months (11.27%).
with sales reaching $907.84M over the same period.The EPS is expected to grow by 6.73% this year, but quarterly earnings will post 9.00% year-over-year. Quarterly sales are estimated to grow 5.70% in year-over-year returns.
nVent Electric plc (NVT) Top Institutional Holders
858.0 institutions hold shares in nVent Electric plc (NVT), with institutional investors hold 95.97% of the company’s shares. The shares outstanding are 165.07M, and float is at 164.09M with Short Float at 1.29%. Institutions hold 94.98% 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).
