nVent Electric plc (NYSE:NVT) Shares Acquired by Everhart Financial Group Inc.

Everhart Financial Group Inc. increased its position in shares of nVent Electric plc (NYSE:NVT) by 13.3% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 11,895 shares of the company’s stock after buying an additional 1,399 shares during the quarter. Everhart Financial Group Inc.’s holdings in nVent Electric were worth $911,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in NVT. Banque Cantonale Vaudoise acquired a new position in shares of nVent Electric in the 1st quarter valued at $26,000. Livelsberger Financial Advisory acquired a new stake in shares of nVent Electric during the fourth quarter valued at about $28,000. ORG Partners LLC acquired a new stake in shares of nVent Electric during the second quarter valued at about $31,000. Rise Advisors LLC purchased a new stake in shares of nVent Electric in the 1st quarter valued at approximately $32,000. Finally, Smithfield Trust Co lifted its holdings in shares of nVent Electric by 650.0% in the 4th quarter. Smithfield Trust Co now owns 630 shares of the company’s stock worth $36,000 after acquiring an additional 546 shares during the last quarter. 90.05% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of analysts have issued reports on the company. Royal Bank of Canada cut their target price on nVent Electric from $88.00 to $82.00 and set an “outperform” rating on the stock in a research report on Wednesday, August 7th. The Goldman Sachs Group boosted their price target on shares of nVent Electric from $77.00 to $87.00 and gave the stock a “buy” rating in a research note on Monday, May 6th. Citigroup raised their price objective on shares of nVent Electric from $91.00 to $92.00 and gave the company a “buy” rating in a research note on Monday, May 6th. Finally, Barclays upped their target price on shares of nVent Electric from $85.00 to $95.00 and gave the stock an “overweight” rating in a research note on Tuesday, June 4th. Five investment analysts have rated the stock with a buy rating, According to data from MarketBeat, the stock presently has a consensus rating of “Buy” and a consensus target price of $87.80.

nVent Electric Stock Up 3.2 %

NYSE:NVT traded up $2.08 during mid-day trading on Friday, hitting $67.44. The stock had a trading volume of 1,533,062 shares, compared to its average volume of 1,518,505. nVent Electric plc has a twelve month low of $45.60 and a twelve month high of $86.57. The stock has a 50-day simple moving average of $72.20 and a two-hundred day simple moving average of $73.23. The company has a current ratio of 1.99, a quick ratio of 1.35 and a debt-to-equity ratio of 0.54. The company has a market capitalization of $11.20 billion, a PE ratio of 19.66, a PEG ratio of 1.52 and a beta of 1.31.

nVent Electric (NYSE:NVT) last announced its quarterly earnings data on Tuesday, August 6th. The company reported $0.82 earnings per share for the quarter, missing analysts’ consensus estimates of $0.83 by ($0.01). The firm had revenue of $880.30 million during the quarter, compared to analyst estimates of $892.89 million. nVent Electric had a net margin of 17.02% and a return on equity of 17.47%. nVent Electric’s revenue for the quarter was up 9.6% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.77 earnings per share. On average, equities research analysts anticipate that nVent Electric plc will post 3.27 EPS for the current year.

Insider Activity

In other news, insider Michael B. Faulconer sold 20,004 shares of the company’s stock in a transaction on Tuesday, August 13th. The shares were sold at an average price of $63.34, for a total value of $1,267,053.36. Following the completion of the transaction, the insider now owns 19,766 shares in the company, valued at approximately $1,251,978.44. The sale was disclosed in a document filed with the SEC, which is available at this link. In other news, Director Herbert K. Parker purchased 7,566 shares of the business’s stock in a transaction on Thursday, August 15th. The shares were bought at an average price of $65.71 per share, with a total value of $497,161.86. Following the completion of the transaction, the director now directly owns 34,524 shares in the company, valued at approximately $2,268,572.04. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Michael B. Faulconer sold 20,004 shares of the stock in a transaction that occurred on Tuesday, August 13th. The shares were sold at an average price of $63.34, for a total value of $1,267,053.36. Following the completion of the sale, the insider now directly owns 19,766 shares of the company’s stock, valued at $1,251,978.44. The disclosure for this sale can be found here. Company insiders own 2.50% of the company’s stock.

About nVent Electric

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 & Fastening Solutions, and Thermal Management.