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nVent Electric plc Ordinary Shares - NVT STOCK NEWS

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nVent Electric plc (NYSE: NVT) is a leading global provider of electrical connection and protection solutions, delivering innovative products and services across multiple industries. The company operates through three main segments: Enclosures, Thermal Management, and Electrical and Fastening Solutions. nVent's Enclosures segment, which contributes the largest portion of revenue, specializes in solutions that protect, connect, and manage heat in critical electronics and power equipment used in communication, control, and energy distribution.

Headquartered in London, with a significant management presence in Minneapolis, nVent serves a diversified range of industries including Commercial and Residential, Energy, Industrial Solutions, and Infrastructure. Its extensive product portfolio includes cabinets, electronic packaging, electrical fasteners, hangers and support systems, concrete reinforcing steel connections, and data center and networking systems.

The company's strategic approach focuses on leveraging big data to enhance business planning, agility, and profitability. By offering advanced analytics and predictive tools, nVent empowers its clients to navigate market changes, mitigate risks, and seize opportunities. The company's dedication to innovation ensures the ongoing development of highly responsive and personalized customer experiences.

In a recent notable development, nVent announced the acquisition of Trachte, LLC, a leader in engineered protection and control buildings, for $695 million. This move is expected to enhance nVent's capability to provide robust infrastructure solutions for electric utilities, data centers, and industrial customers.

nVent’s commitment to quality and reliability is evident through its globally recognized brands such as nVent CADDY, ERICO, HOFFMAN, ILSCO, RAYCHEM, and SCHROFF. These brands have built a legacy of excellence over more than a century, signifying the company's deep-rooted expertise and market leadership.

By continuing to innovate and expand its product offerings, nVent aims to solidify its position as a trusted advisor and partner in electrical solutions, dedicated to enabling safer systems and ensuring a more secure world.

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nVent Electric plc (NYSE:NVT) has announced its participation in two investor events, Citi’s 2024 Global Industrial Tech and Mobility Conference on February 21, 2024, and Barclays 41st Annual Industrials Select Conference on February 22, 2024. Sara Zawoyski, Chief Financial Officer, will be speaking at both events. The webcasts will be available on nVent’s Investor Relations website.
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nVent Electric plc (NYSE:NVT) reported its fourth quarter and full-year 2023 financial results, with an earnings release available on the company's Investor Relations website. The company will also hold a conference call with analysts and investors at 10:00 a.m. ET. Details for accessing the webcast and conference call, as well as related presentation materials, are provided in the press release.
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nVent Electric plc (NYSE:NVT) will report its fourth quarter and full-year 2023 financial results on Tuesday, February 6, 2024. The company has rescheduled its conference call with analysts and investors to 10:00 a.m. ET, one hour later than previously announced. The financial results will be available on the company's website, with a news wire alert issued when the earnings materials are publicly accessible. The call can be accessed via webcast or phone, with a replay available until February 20, 2024. Presentation materials will also be posted prior to the conference call.
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nVent Electric plc (NVT) will report its fourth quarter and full year 2023 financial results on February 6, 2024. The company will also hold a conference call with analysts and investors at 9:00 a.m. ET. The financial results will be available on the company’s website. The call can be accessed via webcast or by dialing in. A replay of the call will be accessible for a limited time. Presentation materials will be posted prior to the conference call.
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nVent Electric plc (NYSE:NVT) received a gold sustainability rating from EcoVadis, placing in the top 3 percent of companies in its industry and the 93rd percentile of all companies assessed. This is nVent's first gold rating and a significant milestone in its ESG journey. The company focuses on People, Products, Planet, and Governance, continuously innovating and enhancing its ESG initiatives. nVent has improved from a silver rating in 2021 and 2022 to a gold rating in 2023.
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nVent Electric plc (NYSE:NVT) announced Martha Claire Bennett as the new Executive Vice President and Chief Marketing Officer. Bennett will lead the global marketing organization, focusing on vertical marketing, digital marketing capabilities, and enhancing customer and partner experience. She will also lead branding and communications, accelerating nVent’s role in sustainability and electrification. With over 25 years of global marketing experience, Bennett aims to drive marketing excellence and accelerate growth for the company.
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nVent Electric plc (NYSE:NVT) announced a collaboration with Hyperview to offer expanded control and monitoring capabilities for power distribution units (PDUs) in data centers. The collaboration aims to enable greater remote monitoring through the cloud, including real-time updates and notifications, promoting sustainability and streamlining operations.
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nVent Electric plc (NYSE:NVT) announced the opening of a new distribution center in Dayton, Minnesota to expand the manufacturing of liquid cooling products for data centers. The company plans to move into the new distribution center by the end of 2023.
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nVent Electric plc (NYSE: NVT) has declared a regular quarterly cash dividend of US$0.19 per ordinary share for the first quarter of 2024, marking a 9% increase over the prior quarterly dividend. The dividend is payable on February 2, 2024, to shareholders of record at the close of business on January 19, 2024. nVent's Chair and CEO, Beth Wozniak, emphasized the company's commitment to delivering attractive returns to shareholders through disciplined capital allocation, growth focus, competitive dividend, and share buybacks, driven by the electrification, digitalization, and sustainability trends.
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nVent Electric plc to participate in the Baird 2023 Global Industrial Conference on November 7, 2023. Chief Financial Officer Sara Zawoyski will present at 1:45 p.m. CT. Webcast available on nVent's Investor Relations website.
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FAQ

What is the current stock price of nVent Electric plc Ordinary Shares (NVT)?

The current stock price of nVent Electric plc Ordinary Shares (NVT) is $76.955 as of November 8, 2024.

What is the market cap of nVent Electric plc Ordinary Shares (NVT)?

The market cap of nVent Electric plc Ordinary Shares (NVT) is approximately 12.7B.

What are the main business segments of nVent Electric plc?

nVent operates through three main segments: Enclosures, Thermal Management, and Electrical and Fastening Solutions.

Where does nVent Electric plc generate most of its revenue?

The company generates the majority of its revenue from the Enclosures segment.

Which industries does nVent Electric plc serve?

nVent serves a diverse range of industries including Commercial and Residential, Energy, Industrial Solutions, and Infrastructure.

What recent acquisition has nVent Electric plc made?

nVent recently acquired Trachte, LLC, a leader in engineered protection and control buildings, for $695 million.

What is the focus of nVent Electric plc’s strategic approach?

nVent focuses on leveraging big data to improve business planning, agility, and profitability through advanced analytics and predictive tools.

Where is nVent Electric plc headquartered?

nVent is headquartered in London with a significant management office in Minneapolis.

What kind of products does nVent Electric plc offer?

nVent offers a wide range of products including cabinets, electronic packaging, electrical fasteners, hangers and support, concrete reinforcing steel connections, and data center and networking systems.

Which brands are associated with nVent Electric plc?

nVent's well-known brands include nVent CADDY, ERICO, HOFFMAN, ILSCO, RAYCHEM, and SCHROFF.

How does nVent Electric plc ensure the protection of critical equipment?

nVent provides inventive solutions that protect, connect, and manage heat in critical electronics, communication, control, and power equipment.

What is the mission of nVent Electric plc?

nVent aims to be a strategic advisor providing innovative electrical connection and protection solutions to create safer systems and a more secure world.

nVent Electric plc Ordinary Shares

NYSE:NVT

NVT Rankings

NVT Stock Data

12.69B
164.82M
1.03%
95.19%
0.97%
Electrical Equipment & Parts
Special Industry Machinery (no Metalworking Machinery)
Link
United States of America
LONDON