nVent Electric plc (NYSE: NVT) is 2.48% higher on its value in year-to-date trading and has touched a low of $55.19 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 $70.40 in the last trading session, with the day’s loss setting it -0.55%.
Currently trading at $69.85, the stock is -1.77% and -5.38% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.15 million and changing -0.78% at the moment leaves the stock -4.79% off its SMA200. NVT registered 21.63% gain for a year compared to 6-month loss of -10.77%. The firm has a 50-day simple moving average (SMA 50) of $73.8892 and a 200-day simple moving average (SMA200) of $73.38625.
The stock witnessed a -9.16% gain in the last 1 month and extending the period to 3 months gives it a -1.15%, and is 2.48% 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 2.97% over the week and 2.72% over the month.
nVent Electric plc (NVT) has around 11300 employees, a market worth around $11.51B and $3.40B in sales. Current P/E ratio is 20.42 and Fwd P/E is 22.63. Profit margin for the company is 16.95%. Distance from 52-week low is 26.56% and -19.31% from its 52-week high. The company has generated returns on investments over the last 12 months (10.30%).
The EPS is expected to shrink by -18.38% this year
852.0 institutions hold shares in nVent Electric plc (NVT), with institutional investors hold 95.09% of the company’s shares. The shares outstanding are 164.82M, and float is at 162.98M with Short Float at 1.87%. Institutions hold 94.10% 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 sale by BURRIS JERRY W, the company’s Director. SEC filings show that BURRIS JERRY W sold 6,558 shares of the company’s common stock on Nov 25 ’24 at a price of $80.00 per share for a total of $0.52 million. Following the sale, the insider now owns 45040.0 shares.
nVent Electric plc disclosed in a document filed with the SEC on Nov 22 ’24 that van der Kolk Robert J. (See Remarks below) sold a total of 4,000 shares of the company’s common stock. The trade occurred on Nov 22 ’24 and was made at $78.16 per share for $0.31 million. Following the transaction, the insider now directly holds 35297.0 shares of the NVT stock.
Still, SEC filings show that on Nov 25 ’24, BURRIS JERRY W (Director) Proposed Sale 6,558 shares at an average price of $80.00 for $0.52 million. The insider now directly holds shares of nVent Electric plc (NVT).
