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As of close of business last night, nVent Electric plc’s stock clocked out at $78.58, up 0.43% from its previous closing price of $78.24. In other words, the price has increased by $0.43 from its previous closing price. On the day, 1.25 million shares were traded. NVT stock price reached its highest trading level at $79.1199 during the session, while it also had its lowest trading level at $77.15.
Ratios:
To gain a deeper understanding of NVT’s stock, we examine its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 61.71 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 27.25. For the most recent quarter (mrq), Quick Ratio is recorded 1.35 and its Current Ratio is at 1.99. In the meantime, Its Debt-to-Equity ratio is 0.59 whereas as Long-Term Debt/Eq ratio is at 0.57.
Upgrades & Downgrades
In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for this company, Deutsche Bank on March 11, 2024, initiated with a Buy rating and assigned the stock a target price of $83.
On October 03, 2023, Citigroup started tracking the stock assigning a Buy rating and target price of $62.
Insider Transactions:
Investing in insider trades can also provide an investor with insight into how management views future stock prices. A recent insider transaction in this stock occurred on May 14 ’24 when Ruzynski Joseph A. sold 20,500 shares for $80.94 per share. The transaction valued at 1,659,372 led to the insider holds 32,520 shares of the business.
Faulconer Michael B sold 10,961 shares of NVT for $738,046 on Feb 29 ’24. The President – Thermal Management now owns 33,109 shares after completing the transaction at $67.33 per share. On Feb 28 ’24, another insider, Padmanabhan Aravind, who serves as the EVP & CTO of the company, sold 732 shares for $66.29 each. As a result, the insider received 48,522 and left with 14,060 shares of the company.
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 13045774336 and an Enterprise Value of 14678727680. As of this moment, nVent’s Price-to-Earnings (P/E) ratio for their current fiscal year is 22.87, and their Forward P/E ratio for the next fiscal year is 22.00. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 2.93. For the stock, the TTM Price-to-Sale (P/S) ratio is 3.84 while its Price-to-Book (P/B) ratio in mrq is 4.06. Its current Enterprise Value per Revenue stands at 4.32 whereas that against EBITDA is 18.73.
Stock Price History:
The Beta on a monthly basis for NVT is 1.30, which has changed by 0.4092219 over the last 52 weeks, in comparison to a change of 0.23279357 over the same period for the S&P500. 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 -0.46%, while the 200-Day Moving Average is calculated to be 20.41%.
Shares Statistics:
It appears that NVT traded 1.57M shares on average per day over the past three months and 1187320 shares per day over the past ten days. A total of 165.07M shares are outstanding, with a floating share count of 164.14M. Insiders hold about 1.13% of the company’s shares, while institutions hold 91.76% stake in the company. Shares short for NVT as of 1719532800 were 1666161 with a Short Ratio of 1.06, compared to 1717113600 on 2183010. Therefore, it implies a Short% of Shares Outstanding of 1666161 and a Short% of Float of 1.13.
Dividends & Splits
With its trailing 12-month dividend rate of 0.73, NVT has a forward annual dividend rate of 0.73. Against a Trailing Annual Dividend Yield of 0.009330266The stock’s 5-year Average Dividend Yield is 2.26.
