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After finishing at $68.12 in the prior trading day, nVent Electric plc (NYSE: NVT) closed at $67.69, down -0.63%. In other words, the price has decreased by -$0.63 from its previous closing price. On the day, 1.13 million shares were traded. NVT stock price reached its highest trading level at $68.35 during the session, while it also had its lowest trading level at $67.11.
Ratios:
Our goal is to gain a better understanding of NVT by taking a closer look at its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 41.06 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 21.38. For the most recent quarter (mrq), Quick Ratio is recorded 1.49 and its Current Ratio is at 2.18. In the meantime, Its Debt-to-Equity ratio is 0.57 whereas as Long-Term Debt/Eq ratio is at 0.56.
On March 11, 2024, Deutsche Bank started tracking the stock assigning a Buy rating and target price of $83.
On October 03, 2023, Citigroup started tracking the stock assigning a Buy rating and target price of $62.Citigroup initiated its Buy rating on October 03, 2023, with a $62 target price.
Insider Transactions:
The insider trade also gives investors a glimpse into the future direction of stock prices, which can be beneficial to investors. A recent insider transaction in this stock occurred on Aug 15 ’24 when Parker Herbert K bought 7,566 shares for $65.71 per share. The transaction valued at 497,198 led to the insider holds 34,524 shares of the business.
Faulconer Michael B sold 20,004 shares of NVT for $1,267,047 on Aug 13 ’24. The President – Thermal Management now owns 19,766 shares after completing the transaction at $63.34 per share. On Aug 13 ’24, another insider, Faulconer Michael B, who serves as the Officer of the company, bought 20,004 shares for $63.34 each.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, NVT now has a Market Capitalization of 11251094528 and an Enterprise Value of 12866900992. As of this moment, nVent’s Price-to-Earnings (P/E) ratio for their current fiscal year is 19.79, and their Forward P/E ratio for the next fiscal year is 18.97. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 2.44. For the stock, the TTM Price-to-Sale (P/S) ratio is 3.24 while its Price-to-Book (P/B) ratio in mrq is 3.42. Its current Enterprise Value per Revenue stands at 3.703 whereas that against EBITDA is 16.008.
Stock Price History:
Over the past 52 weeks, NVT has reached a high of $86.57, while it has fallen to a 52-week low of $45.60. The 50-Day Moving Average of the stock is 1.86%, while the 200-Day Moving Average is calculated to be -2.94%.
Shares Statistics:
The stock has traded on average 1.80M shares per day over the past 3-months and 1495100 shares per day over the last 10 days, according to various share statistics. A total of 165.07M shares are outstanding, with a floating share count of 164.09M. Insiders hold about 1.28% of the company’s shares, while institutions hold 91.71% stake in the company. Shares short for NVT as of 1726185600 were 2112378 with a Short Ratio of 1.17, compared to 1723680000 on 1651917. Therefore, it implies a Short% of Shares Outstanding of 2112378 and a Short% of Float of 1.43.
Dividends & Splits
In the trailing 12 months, NVT’s forward annual dividend rate was 0.745, compared to 0.75 this year. Against a Trailing Annual Dividend Yield of 0.010936582The stock’s 5-year Average Dividend Yield is 2.15.
