<div id="readability-page-1"><p><span>nVent Electric (NYSE:NVT - Get Free Report)</span> had its price target decreased by equities researchers at Citigroup  from $85.00 to $59.00 in a report issued on Monday,Benzinga reports. The firm presently has a &#34;buy&#34; rating on the stock. Citigroup's price target indicates a potential upside of 17.91% from the stock's current price.</p><div><p><span></span><span>Get <strong>nVent Electric</strong> alerts:</span></p></div><p>Several other research firms have also recently commented on NVT. KeyCorp reduced their price target on nVent Electric from $75.00 to $60.00 and set an &#34;overweight&#34; rating for the company in a report on Tuesday, April 8th. CL King raised shares of nVent Electric from a &#34;neutral&#34; rating to a &#34;buy&#34; rating and set a $70.00 price target on the stock in a research note on Monday, March 17th. The Goldman Sachs Group reduced their target price on nVent Electric from $86.00 to $74.00 and set a &#34;buy&#34; rating on the stock in a report on Wednesday, April 2nd. Seaport Res Ptn raised nVent Electric from a &#34;hold&#34; rating to a &#34;strong-buy&#34; rating in a research report on Friday, March 21st. Finally, Royal Bank of Canada raised their price objective on shares of nVent Electric from $85.00 to $86.00 and gave the company an &#34;outperform&#34; rating in a research note on Friday, February 7th. Six investment analysts have rated the stock with a buy rating and one  has assigned  a strong buy rating to the company's stock. Based on data from MarketBeat, nVent Electric presently has an average rating of &#34;Buy&#34; and an average target price of $69.00.</p><p><b>Read Our Latest Stock Analysis on NVT</b></p><h2>nVent Electric Price Performance</h2><p>Shares of nVent Electric stock traded up $0.18 during mid-day trading on Monday, reaching $50.04. 1,956,524 shares of the stock traded hands, compared to its average volume of 1,884,625. The stock has a market capitalization of $8.24 billion, a PE ratio of 25.53, a PEG ratio of 1.48 and a beta of 1.21. The company has a quick ratio of 1.28, a current ratio of 1.73 and a debt-to-equity ratio of 0.65. nVent Electric has a fifty-two week low of $41.71 and a fifty-two week high of $86.57. The business has a 50-day moving average of $57.63 and a 200 day moving average of $67.25. </p><p>nVent Electric (NYSE:NVT - Get Free Report) last issued its quarterly earnings results on Thursday, February 6th. The company reported $0.59 earnings per share (EPS) for the quarter, hitting analysts' consensus estimates of $0.59. nVent Electric had a net margin of 10.09% and a return on equity of 14.52%.  On average, analysts predict that  nVent Electric will post 3.04 EPS for the current year. </p><h2>Hedge Funds Weigh In On nVent Electric</h2><p>Hedge funds and other institutional investors have recently made changes to their positions in the company. Crews Bank &amp; Trust acquired a new stake in shares of  nVent Electric in the fourth quarter valued at about $26,000.  Capital A Wealth Management LLC bought a new position in shares of  nVent Electric in the fourth quarter valued at $27,000.  Whipplewood Advisors LLC increased its position in shares of  nVent Electric by 467.3% during the first quarter. Whipplewood Advisors LLC now owns 607 shares of the company's stock valued at $32,000 after acquiring an additional 500 shares during the last quarter.  Park Square Financial Group LLC purchased a new position in shares of  nVent Electric during the 4th quarter valued at $38,000.  Finally, Tsfg LLC bought a new position in shares of  nVent Electric in the fourth quarter worth $51,000. 90.05% of the stock is owned by institutional investors. </p><h2>nVent Electric Company Profile</h2> (Get Free Report)<p>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 &amp; Fastening Solutions, and Thermal Management.</p><h2>Featured Articles</h2><ul><li>Five stocks we like better than nVent Electric</li><li>What Investors Need to Know About Upcoming IPOs</li><li>Why NVIDIA Stock Could Soar Despite Wall Street Downgrades</li><li>Industrial Products Stocks Investing </li><li>Top 3 Large Cap Stocks Insiders Bought in Q1: Buy, Sell, or Hold</li><li>3 Small Caps With Big Return Potential</li><li>3 Hot New IPOs Defying the 2025 Market Slump</li></ul><p><img src="https://imageproxy.pbkrs.com/https://www.marketbeat.com/scripts/RatingsChart.ashx/query-UHJlZml4PU5ZU0UmU3ltYm9sPU5WVA?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" width="600" height="385" original-src="https://imageproxy.pbkrs.com/https://www.marketbeat.com/scripts/RatingsChart.ashx/query-UHJlZml4PU5ZU0UmU3ltYm9sPU5WVA"/></p><p><em>This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.</em></p><h2>Should You Invest $1,000 in nVent Electric Right Now?</h2><p>Before you consider nVent Electric, you'll want to hear this.</p><p>MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and nVent Electric wasn't on the list.</p><p>While nVent Electric currently has a Buy rating among analysts, top-rated analysts believe these five stocks are better buys.</p><p>View The Five Stocks Here</p>                  </div>

<p>Citigroup has lowered its price target for nVent Electric (NYSE:NVT) from $85.00 to $59.00 while maintaining a "buy" rating. This adjustment suggests a potential upside of 17.91% from the current stock price. Other firms have also revised their targets, with KeyCorp setting a new target of $60.00 and Goldman Sachs at $74.00. Currently, nVent Electric has an average rating of "Buy" with a target price of $69.00. The stock traded at $50.04, with a market cap of $8.24 billion and a PE ratio of 25.53.</p>

Citigroup Has Lowered Expectations for nVent Electric (NYSE:NVT) Stock Price