nVent Electric plc designs, manufactures, markets, installs, and services electrical connection and protection products in the United Kingdom and internationally. The company operates through three segments: Enclosures, Thermal Management, and Electrical & Fastening Solutions. The Enclosures segment provides solutions to connect and protect critical electronics, communication, control, and power equipment; physical infrastructure solutions to host, connect, and protect server and network equipment; and indoor and outdoor protection for test and measurement and aerospace and defense applications. Its products also include metallic and non-metallic enclosures, cabinets, sub racks, and backplanes. The Thermal Management segment offers electric thermal solutions that connect and protect critical buildings, infrastructure, industrial processes, and people. This segment offers thermal management systems comprise heat tracing, floor heating, fire-rated and specialty wiring, sensing, and snow melting and de-icing solutions. The Electrical & Fastening Solutions segment provides fastening solutions to connect and protect electrical and mechanical systems, and civil structures. It also provides engineered electrical and fastening products. The company sells its products under the CADDY, ERICO, HOFFMAN, RAYCHEM, SCHROFF, and TRACER brands. nVent Electric plc markets its products through electrical distributors, data center contractors, original equipment manufacturers, and maintenance contractors. The company serves energy, industrial, infrastructure, and commercial and residential sectors. nVent Electric plc has a strategic alliance with Power Resources International Inc. to provide rail and switch heating solutions to the North American transit industry. The company was founded in 1903 and is based in London, the United Kingdom.
IPO Year: 2018
Exchange: NYSE
Website: nvent.com
Date | Price Target | Rating | Analyst |
---|---|---|---|
3/21/2025 | $74.00 | Neutral → Buy | Seaport Research Partners |
3/17/2025 | $70.00 | Neutral → Buy | CL King |
9/4/2024 | $80.00 | Sector Weight → Overweight | KeyBanc Capital Markets |
3/11/2024 | $83.00 | Buy | Deutsche Bank |
10/3/2023 | $62.00 | Buy | Citigroup |
8/7/2023 | Neutral | Seaport Research Partners | |
7/27/2023 | Outperform | William Blair | |
12/13/2022 | Overweight → Sector Weight | KeyBanc Capital Markets | |
10/7/2022 | $34.00 | Hold | Loop Capital |
2/9/2022 | $51.00 → $48.00 | Overweight | Barclays |
Seaport Research Partners upgraded nVent Electric from Neutral to Buy and set a new price target of $74.00
CL King upgraded nVent Electric from Neutral to Buy and set a new price target of $70.00
KeyBanc Capital Markets upgraded nVent Electric from Sector Weight to Overweight and set a new price target of $80.00
Deutsche Bank initiated coverage of nVent Electric with a rating of Buy and set a new price target of $83.00
Citigroup initiated coverage of nVent Electric with a rating of Buy and set a new price target of $62.00
Seaport Research Partners initiated coverage of nVent Electric with a rating of Neutral
William Blair initiated coverage of nVent Electric with a rating of Outperform
KeyBanc Capital Markets downgraded nVent Electric from Overweight to Sector Weight
Loop Capital initiated coverage of nVent Electric with a rating of Hold and set a new price target of $34.00
Barclays reiterated coverage of nVent Electric with a rating of Overweight and set a new price target of $48.00 from $51.00 previously