NVT Stock Recent News

Fintel reports that on May 31, 2023, Goldman Sachs maintained coverage of nVent Electric (NYSE:NVT) with a Buy recommendation.

nVent (NVT) shares have started gaining and might continue moving higher in the near term, as indicated by solid earnings estimate revisions.

NVT recently posted solid Q1 FY23 results. They saw a growth in their revenues and net income. They will acquire ECM Industries, which will strengthen its electrical & fastening segment.

NVent Electric (NVT) came out with quarterly earnings of $0.67 per share, beating the Zacks Consensus Estimate of $0.58 per share. This compares to earnings of $0.50 per share a year ago.

LONDON--(BUSINESS WIRE)--nVent Electric plc (NYSE: NVT) (“nVent”), a global leader in electrical connection and protection solutions, will report first quarter 2023 financial results on Friday, April 28, 2023. The company will also hold a conference call with analysts and investors at 9:00 a.m. ET. The financial results will be posted on the company's website at http://investors.nvent.com.

The economy is electrifying, and this company provides "picks and shovels" solutions that benefit from the megatrend. Aerospace and defense are excellent markets to invest in in 2023, and this company services both.

nVent Electric has entered into a definitive agreement to buy ECM Investors, LLC, the parent of ECM Industries, LLC, for a purchase price of $1.1 billion, subject to customary adjustments. ECM Industries is a leading provider of high-value electrical connectors, tools and test instruments, and cable management.

nVent Electric Plc NVT, +1.71% said Monday it'll pay $1.1 billion for ECM Investors LLC, the parent of ECM Industries LLC, a maker of Ilsco electrical connectors, tools and test instruments, and cable management gear. “Together with ECM, nVent can provide a broader offering to customers, including electrical contractors, and to distribution partners,” nVent CEO Beth Wozniak said.

The pandemic-led disruptions hurt the Zacks Electronics - Miscellaneous Components industry. Industry players like NVT, FN and CTS are set to gain from IoT and automation prospects.

LONDON--(BUSINESS WIRE)--nVent Electric plc (NYSE:NVT) (“nVent”), a global leader in electrical connection and protection solutions, today announced it will host a meeting with institutional investors and security analysts on Tuesday, March 7, 2023, in New York. The event is scheduled to begin at 9 a.m. ET and conclude at approximately 11:30 a.m. ET.