NVT Stock Summary and Trading Ideas (Nvent Electric PLC Ordinary Shares | NYSE:NVT)

nVent Electric PLC is a provider of electrical connection and protection solutions. The company segments include Enclosures, Thermal Management, and Electrical and Fastening Solutions. It generates maximum revenue from the Enclosures segment. The Enclosures segment provides inventive solutions that protect, connect, and manage heat in critical electronics, communication, control, and power equipment. Geographically, it derives a majority of its revenue from North America. The company serves the Commercial and Residential, Energy, Industrial Solutions, and Infrastructure industries. Its products include Cabinets and Electronic Packaging, Electrical Fasteners, Hangers and Support, Concrete Reinforcing Steel Connections, Data Center and Networking Systems, and others.

Nvent Electric PLC Ordinary Shares trades on the NYSE stock market under the symbol NVT.

As of May 3, 2024, NVT stock price climbed to $75.89 with 2,837,716 million shares trading.

NVT has a beta of 1.54, meaning it tends to be more sensitive to market movements. NVT has a correlation of 0.54 to the broad based SPY ETF.

NVT has a market cap of $12.59 billion. This is considered a Large Cap stock.

Last quarter Nvent Electric PLC Ordinary Shares reported $861 million in Revenue and $.78 earnings per share. This fell short of revenue expectation by $-6 million and exceeded earnings estimates by $.04.

In the last 3 years, NVT stock traded as high as $78.98 and as low as $28.27.

The top ETF exchange traded funds that NVT belongs to (by Net Assets): VTI, IJH, VB, VBR, VXF.

NVT has outperformed the market in the last year with a price return of +79.9% while the SPY ETF gained +26.1%. NVT has also outperformed the stock market ETF in the last 3 month and 2 week periods returning +19.9% and +6.3%, respectively, while the SPY returned +3.7% and +2.4%, respectively.

NVT support price is $70.20 and resistance is $73.60 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that NVT stock will trade within this expected range on the day.