nVent Electric (NYSE:NVT – Get Free Report) released its quarterly earnings data on Friday. The company reported $0.77 EPS for the quarter, beating the consensus estimate of $0.73 by $0.04, Briefing.com reports. nVent Electric had a return on equity of 17.53% and a net margin of 17.38%. The company had revenue of $874.60 million for the quarter, compared to analyst estimates of $864.14 million. During the same period last year, the company posted $0.67 earnings per share. The firm’s revenue was up 18.0% compared to the same quarter last year.
nVent Electric Stock Up 5.5 %
NYSE:NVT traded up $3.99 during mid-day trading on Friday, reaching $75.89. The stock had a trading volume of 3,015,107 shares, compared to its average volume of 1,525,818. The company has a debt-to-equity ratio of 0.56, a current ratio of 1.82 and a quick ratio of 1.22. The company has a market capitalization of $12.59 billion, a price-to-earnings ratio of 22.52, a price-to-earnings-growth ratio of 1.55 and a beta of 1.35. nVent Electric has a 1-year low of $40.22 and a 1-year high of $78.98. The stock’s 50 day simple moving average is $72.22 and its two-hundred day simple moving average is $61.65.
nVent Electric Announces Dividend
The business also recently announced a quarterly dividend, which will be paid on Friday, May 10th. Stockholders of record on Friday, April 26th will be paid a $0.19 dividend. The ex-dividend date of this dividend is Thursday, April 25th. This represents a $0.76 dividend on an annualized basis and a dividend yield of 1.00%. nVent Electric’s dividend payout ratio (DPR) is presently 22.55%.
Analysts Set New Price Targets
View Our Latest Research Report on NVT
Insider Activity at nVent Electric
In other news, insider Joseph A. Ruzynski sold 2,500 shares of nVent Electric stock in a transaction that occurred on Wednesday, February 7th. The stock was sold at an average price of $64.23, for a total value of $160,575.00. Following the completion of the transaction, the insider now owns 36,013 shares in the company, valued at approximately $2,313,114.99. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. In other news, insider Joseph A. Ruzynski sold 2,500 shares of the firm’s stock in a transaction dated Wednesday, February 7th. The shares were sold at an average price of $64.23, for a total value of $160,575.00. Following the transaction, the insider now directly owns 36,013 shares in the company, valued at approximately $2,313,114.99. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Beth Wozniak sold 198,211 shares of the business’s stock in a transaction dated Thursday, February 8th. The shares were sold at an average price of $64.29, for a total transaction of $12,742,985.19. Following the sale, the chief executive officer now directly owns 342 shares of the company’s stock, valued at approximately $21,987.18. The disclosure for this sale can be found here. Insiders sold a total of 400,252 shares of company stock valued at $25,713,777 over the last three months. 2.50% of the stock is owned by insiders.
nVent Electric Company Profile
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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