Media stories about nVent Electric (NYSE:NVT) have been trending somewhat positive recently, Accern Sentiment Analysis reports. The research firm rates the sentiment of media coverage by monitoring more than twenty million blog and news sources. Accern ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. nVent Electric earned a news sentiment score of 0.14 on Accern’s scale. Accern also assigned media headlines about the company an impact score of 46.4426929827966 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the next few days.
Shares of NYSE NVT opened at $27.21 on Friday. nVent Electric has a 1 year low of $21.00 and a 1 year high of $29.84. The company has a debt-to-equity ratio of 0.36, a current ratio of 2.12 and a quick ratio of 1.53.
nVent Electric (NYSE:NVT) last issued its quarterly earnings data on Thursday, July 26th. The company reported $0.44 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.42 by $0.02. The business had revenue of $542.70 million for the quarter, compared to analyst estimates of $542.50 million. The company’s quarterly revenue was up 5.7% compared to the same quarter last year. equities analysts expect that nVent Electric will post 1.76 EPS for the current year.
A number of research firms have commented on NVT. Oppenheimer began coverage on shares of nVent Electric in a report on Wednesday, May 2nd. They issued a “market perform” rating for the company. Barclays restated a “hold” rating and issued a $25.00 price target on shares of nVent Electric in a report on Friday, July 27th. Susquehanna Bancshares began coverage on shares of nVent Electric in a report on Friday, May 18th. They issued a “positive” rating and a $30.00 price target for the company. Royal Bank of Canada began coverage on shares of nVent Electric in a report on Thursday, May 10th. They issued an “outperform” rating and a $29.00 price target for the company. Finally, KeyCorp began coverage on shares of nVent Electric in a report on Tuesday, May 15th. They issued an “overweight” rating and a $29.00 price target for the company. Two research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus target price of $28.25.
In other nVent Electric news, Director Trian Fund Management, L.P. acquired 698,998 shares of nVent Electric stock in a transaction dated Thursday, May 31st. The stock was purchased at an average cost of $26.70 per share, for a total transaction of $18,663,246.60. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Randall J. Hogan sold 204,462 shares of nVent Electric stock in a transaction dated Friday, June 22nd. The shares were sold at an average price of $26.79, for a total transaction of $5,477,536.98. The disclosure for this sale can be found here.
About nVent Electric
nVent Electric plc designs, manufactures, markets, installs, and services electrical connection and protection products and solutions in the United States, Canada, and internationally. The company operates through three segments: Enclosures, Thermal Management, and Electrical & Fastening Solutions.
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