In a report released today, Julian Mitchell from Barclays maintained a Buy rating on nVent Electric (NVT – Research Report), with a price target of $85.00. The company’s shares closed yesterday at $75.16.
Mitchell covers the Industrials sector, focusing on stocks such as 3M, Ingersoll Rand, and Carrier Global. According to TipRanks, Mitchell has an average return of 16.5% and a 66.87% success rate on recommended stocks.
Currently, the analyst consensus on nVent Electric is a Strong Buy with an average price target of $75.40.
NVT market cap is currently $12.41B and has a P/E ratio of 22.29.
Based on the recent corporate insider activity of 80 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of NVT in relation to earlier this year. Last month, Michael B Faulconer, the President – Thermal Management of NVT sold 10,961.00 shares for a total of $738,004.13.
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nVent Electric (NVT) Company Description:
nVent Electric Plc engages in the provision of electrical connection and protection solutions. It operates through the following segments: Enclosures, Thermal Management, and Electrical & Fastening Solutions. The Enclosures segment offers solutions that protect, connect, and manage heat in critical electronics, communication, control, and power equipment. The Thermal Management segment includes electric thermal solutions that connect and protect critical buildings, infrastructure, industrial processes, and people. The Electrical & Fastening Solution segment consists of fastening solutions that connect and protect electrical and mechanical systems and civil structures. The company was founded on May 30, 2017 and is headquartered in London, the United Kingdom.
Read More on NVT:
- Disney initiated, Foot Locker upgraded: Wall Street’s top analyst calls
- nVent Electric initiated with a Buy at Deutsche Bank
- nVent Electric announces quarterly cash dividend of 19c
- nVent Electric price target raised to $72 from $65 at RBC Capital
- nVent Electric price target raised to $74 from $65 at Barclays
