nVent Electric plc (NYSE: NVT) is -19.34% lower on its value in year-to-date trading and has touched a low of $41.71 and a high of $86.57 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The NVT stock was last observed hovering at around $54.56 in the last trading session, with the day’s gains setting it 0.42%.
Currently trading at $54.98, the stock is 8.45% and -0.05% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.73 million and changing 0.77% at the moment leaves the stock -17.48% off its SMA200. NVT registered -26.14% loss for a year compared to 6-month loss of -25.84%. The firm has a 50-day simple moving average (SMA 50) of $55.0084 and a 200-day simple moving average (SMA200) of $66.62925.
The stock witnessed a 3.91% gain in the last 1 month and extending the period to 3 months gives it a -12.95%, and is 9.41% 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 3.89% over the week and 5.99% over the month.
nVent Electric plc (NVT) has around 12100 employees, a market worth around $9.05B and $3.29B in sales. Current P/E ratio is 27.92 and Fwd P/E is 16.44. Profit margin for the company is 10.09%. Distance from 52-week low is 31.83% and -36.49% from its 52-week high. The company has generated returns on investments over the last 12 months (6.09%).
with sales reaching $790.29M over the same period.The EPS is expected to grow by 21.36% this year, but quarterly earnings will post 8.00% year-over-year. Quarterly sales are estimated to shrink -9.64% in year-over-year returns.
nVent Electric plc (NVT) Top Institutional Holders
841.0 institutions hold shares in nVent Electric plc (NVT), with institutional investors hold 97.29% of the company’s shares. The shares outstanding are 165.02M, and float is at 162.45M with Short Float at 3.11%. Institutions hold 96.13% 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
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nVent Electric plc disclosed in a document filed with the SEC on Nov 25 ’24 that BURRIS JERRY W (Director) sold a total of 6,558 shares of the company’s common stock. The trade occurred on Nov 25 ’24 and was made at $80.00 per share for $0.52 million. Following the transaction, the insider now directly holds 45040.0 shares of the NVT stock.
Still, SEC filings show that on Nov 22 ’24, van der Kolk Robert J. ( below) disposed off 4,000 shares at an average price of $78.16 for $0.31 million. The insider now directly holds 35,297 shares of nVent Electric plc (NVT).
