nVent Electric plc (NVT) To Go Ex-Dividend on July 19th

nVent Electric plc (NYSE:NVTGet Free Report) declared a quarterly dividend on Friday, May 17th, Zacks reports. Stockholders of record on Friday, July 19th will be paid a dividend of 0.19 per share on Friday, August 2nd. This represents a $0.76 dividend on an annualized basis and a dividend yield of 0.95%. The ex-dividend date is Friday, July 19th.

nVent Electric has a dividend payout ratio of 21.3% indicating that its dividend is sufficiently covered by earnings. Analysts expect nVent Electric to earn $3.54 per share next year, which means the company should continue to be able to cover its $0.76 annual dividend with an expected future payout ratio of 21.5%.

nVent Electric Stock Performance

NYSE:NVT opened at $80.01 on Friday. The company has a debt-to-equity ratio of 0.54, a quick ratio of 1.35 and a current ratio of 1.99. The stock’s fifty day moving average is $74.90 and its 200 day moving average is $64.19. The firm has a market capitalization of $13.28 billion, a PE ratio of 23.33, a PEG ratio of 1.79 and a beta of 1.35. nVent Electric has a fifty-two week low of $40.44 and a fifty-two week high of $84.36.

nVent Electric (NYSE:NVTGet Free Report) last announced its earnings results on Friday, May 3rd. The company reported $0.77 earnings per share for the quarter, beating the consensus estimate of $0.73 by $0.04. The business had revenue of $874.60 million for the quarter, compared to the consensus estimate of $864.14 million. nVent Electric had a net margin of 17.02% and a return on equity of 17.47%. The business’s revenue for the quarter was up 18.0% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.67 earnings per share. On average, sell-side analysts anticipate that nVent Electric will post 3.27 earnings per share for the current year.

Analyst Ratings Changes

A number of research analysts have recently commented on the company. Citigroup upped their target price on nVent Electric from $91.00 to $92.00 and gave the company a “buy” rating in a research note on Monday, May 6th. The Goldman Sachs Group increased their target price on nVent Electric from $77.00 to $87.00 and gave the stock a “buy” rating in a research note on Monday, May 6th. Deutsche Bank Aktiengesellschaft began coverage on shares of nVent Electric in a research note on Monday, March 11th. They set a “buy” rating and a $83.00 target price for the company. Barclays raised their price target on shares of nVent Electric from $74.00 to $85.00 and gave the stock an “overweight” rating in a research note on Tuesday, April 2nd. Finally, Royal Bank of Canada lowered their price objective on shares of nVent Electric from $89.00 to $88.00 and set an “outperform” rating for the company in a research report on Monday, May 6th. One analyst has rated the stock with a hold rating and six have issued a buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $87.00.

Get Our Latest Research Report on nVent Electric

Insiders Place Their Bets

In other nVent Electric news, insider Michael B. Faulconer sold 10,961 shares of the firm’s stock in a transaction dated Thursday, February 29th. The shares were sold at an average price of $67.33, for a total transaction of $738,004.13. Following the transaction, the insider now owns 33,109 shares of the company’s stock, valued at approximately $2,229,228.97. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 2.50% of the stock is owned by company insiders.

nVent Electric Company Profile

(Get Free Report)

nVent Electric plc, together with its subsidiaries, designs, manufactures, markets, installs, and services electrical connection and protection solutions in North America, Europe, the Middle East, Africa, the Asia Pacific, and internationally. The company operates through three segments: Enclosures, Electrical & Fastening Solutions, and Thermal Management.

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Dividend History for nVent Electric (NYSE:NVT)

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