|Over a week ago|
nVent Electric Chairman Hogan sells $5M in shares » 16:3211/2211/22/21
nVent Electric Chairman…
nVent Electric Chairman Randall Hogan disclosed that he had sold 132,416 shares of company stock at $37.76 per share on November 18, for a total transaction value of $5,000,028.
|Over a month ago|
nVent Electric sees Q4 adjusted EPS 45c-48c, consensus » 06:5910/2810/28/21
Sees Q4 revenue growth…
Sees Q4 revenue growth 13%-16%, an increase of 9%-12% on an organic basis. Consensus for Q4 revenue is $606.33M.
nVent Electric raises 2021 adjusted EPS view to $1.91-$1.94 from $1.84-$1.90 » 06:5710/2810/28/21
Consensus for 2021 EPS is…
Consensus for 2021 EPS is $1.89. Raises 2021 sales growth view to 19%-20% from 15%-18%, consensus for 2021 revenue is $2.36B. This new guidance range represents 14% to 15% organic sales growth versus prior guidance of 10% to 13% growth.
nVent Electric reports Q3 adjusted EPS 53c, consensus 48c » 06:5510/2810/28/21
Reports Q3 revenue $643M,…
Reports Q3 revenue $643M, consensus $603.13M. "Our Q3 results are a testament to the strong execution of our nVent team during a challenging supply chain environment. Q3 sales grew 26% as we continued to see broad-based growth across verticals and geographies. We generated strong cash flow, up more than $50M dollars year-to-date. I am grateful to our teams who are working tirelessly to meet customer commitments," said CEO Beth Wozniak. "Based on the strength in the business year-to-date and higher order trends, we are raising our full-year sales and EPS guidance. With the Electrification of Everything we are seeing strong demand for our products and solutions. The execution of our strategy on high growth verticals, new products, global expansion and strategic acquisitions is driving our growth. We are continuing to manage through supply chain challenges and delivering strong results. It is certainly an exciting time to be at nVent."
|Over a quarter ago|
nVent Electric, Power Resources International announce strategic alliance » 18:5008/1608/16/21
nVent Electric and Power…
nVent Electric and Power Resources International announced a strategic alliance to provide rail and switch heating solutions to the North American transit industry. The alliance will provide solutions based on nVent RAYCHEM technology.
nVent Electric price target raised to $49 from $44 at Barclays » 07:0108/0408/04/21
Barclays analyst Julian…
Barclays analyst Julian Mitchell raised the firm's price target on nVent Electric to $49 from $44 and keeps an Overweight rating on the shares post the Q2 results. The "strong" execution operationally and high free cash flow margins confirm that nVent's "low valuation relative to peers is unwarranted," Mitchell tells investors in a research note.
nVent Electric acquires CIS Global from Guardian Capital for roughly $200M » 14:0207/0107/01/21
nVent Electric plc has…
nVent Electric plc has acquired CIS Global LLC, a portfolio company investment of Guardian Capital Partners. The transaction was a cash purchase price of approximately $200M. Scott Evans, Founding Partner at Guardian, stated, "During Guardian's ownership, the Company invested to expand beyond its server rack slides offering to include intelligent power distribution unit ("iPDU") capabilities, becoming the largest independent provider of server rack power distribution units globally. The Company is well positioned to meet the increasing demand for data center products and solutions. I am proud of the exceptional performance of the management team and look forward to seeing the Company's future success under the ownership of nVent."
nVent Electric to acquire CIS Global » 06:4706/0906/09/21
nVent Electric has…
nVent Electric has entered into a definitive agreement to acquire CIS Global, a privately held provider of mission critical power and server rack-mount slide products for the data center and networking industries. The transaction is expected to be completed by Q3 for a cash purchase price of approximately $200M, subject to adjustments. CIS Global is headquartered in Tucson, Arizona with five manufacturing facilities including China, India and Thailand with approximately 850 employees globally. nVent expect CIS Global will be operated as a separate business within the nVent Enclosures segment. The closing is subject to customary conditions, including regulatory approval.
nVent Electric announces $300M share repurchase plan » 16:2405/1405/14/21
nVent Electric announced…
nVent Electric announced that its Board of Directors has approved a three-year share repurchase program pursuant to which the company may repurchase up to $300M of nVent shares. The program begins on July 23, upon the expiration of nVent's current share repurchase programs. As of March 31, the company had approximately 168M common shares outstanding.
nVent Electric price target raised to $44 from $39 at Barclays » 06:3905/0305/03/21
Barclays analyst Julian…
Barclays analyst Julian Mitchell raised the firm's price target on nVent Electric to $44 from $39 and keeps an Overweight rating on the shares. The analyst thinks the company's Q1 "showed encouraging operational execution" and that the guided margin pressure over the balance of 2021 may prove conservative.