Everhart Financial Group Inc. Has $1.28 Million Stock Holdings in nVent Electric PLC $NVT

Everhart Financial Group Inc. boosted its stake in nVent Electric PLC (NYSE:NVT) by 64.9% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 12,571 shares of the company’s stock after buying an additional 4,946 shares during the quarter. Everhart Financial Group Inc.’s holdings in nVent Electric were worth $1,282,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of NVT. Norges Bank acquired a new position in shares of nVent Electric in the second quarter worth $234,290,000. Holocene Advisors LP acquired a new stake in nVent Electric during the third quarter valued at $151,265,000. Balyasny Asset Management L.P. boosted its position in nVent Electric by 3,467.1% during the third quarter. Balyasny Asset Management L.P. now owns 1,326,100 shares of the company’s stock valued at $130,807,000 after purchasing an additional 1,288,924 shares during the last quarter. Merewether Investment Management LP purchased a new position in nVent Electric in the second quarter valued at about $78,222,000. Finally, Valeo Financial Advisors LLC purchased a new position in nVent Electric in the second quarter valued at about $48,443,000. Institutional investors and hedge funds own 90.05% of the company’s stock.

nVent Electric Stock Down 5.0%

NVT opened at $116.46 on Friday. The business has a 50 day moving average price of $113.44 and a 200 day moving average price of $106.06. nVent Electric PLC has a twelve month low of $41.71 and a twelve month high of $124.22. The company has a debt-to-equity ratio of 0.41, a quick ratio of 1.16 and a current ratio of 1.63. The firm has a market cap of $18.83 billion, a P/E ratio of 27.08, a price-to-earnings-growth ratio of 1.28 and a beta of 1.31.

nVent Electric (NYSE:NVT) last released its quarterly earnings results on Friday, February 6th. The company reported $0.90 EPS for the quarter, beating analysts’ consensus estimates of $0.89 by $0.01. nVent Electric had a net margin of 18.25% and a return on equity of 15.18%. The company had revenue of $1.07 billion for the quarter, compared to analyst estimates of $1 billion. During the same quarter last year, the firm posted $0.59 earnings per share. The company’s quarterly revenue was up 41.9% compared to the same quarter last year. nVent Electric has set its Q1 2026 guidance at 0.900-0.930 EPS and its FY 2026 guidance at 4.000-4.150 EPS. Research analysts forecast that nVent Electric PLC will post 3.04 EPS for the current year.

nVent Electric Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, May 8th. Shareholders of record on Friday, April 24th will be given a dividend of $0.21 per share. The ex-dividend date of this dividend is Friday, April 24th. This represents a $0.84 dividend on an annualized basis and a yield of 0.7%. nVent Electric’s payout ratio is currently 19.53%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on NVT shares. Glj Research started coverage on nVent Electric in a research note on Thursday, March 5th. They set a “buy” rating and a $151.00 price target for the company. Royal Bank Of Canada boosted their price target on nVent Electric from $138.00 to $143.00 and gave the company an “outperform” rating in a research note on Thursday. KeyCorp raised their price objective on shares of nVent Electric from $125.00 to $130.00 and gave the company an “overweight” rating in a research report on Monday, February 9th. Zacks Research cut shares of nVent Electric from a “strong-buy” rating to a “hold” rating in a research note on Friday, February 6th. Finally, Wall Street Zen downgraded shares of nVent Electric from a “strong-buy” rating to a “buy” rating in a research report on Monday, February 23rd. Ten investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $137.88.

Insider Buying and Selling at nVent Electric

In other nVent Electric news, Director Susan M. Cameron sold 5,000 shares of the company’s stock in a transaction dated Tuesday, February 10th. The shares were sold at an average price of $114.52, for a total transaction of $572,600.00. Following the completion of the sale, the director directly owned 13,405 shares in the company, valued at $1,535,140.60. This represents a 27.17% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Beth Wozniak sold 7,597 shares of the firm’s stock in a transaction dated Wednesday, February 11th. The shares were sold at an average price of $116.47, for a total value of $884,822.59. Following the completion of the sale, the chief executive officer directly owned 52,990 shares in the company, valued at approximately $6,171,745.30. This represents a 12.54% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 17,841 shares of company stock worth $2,046,166 over the last ninety days. Company insiders own 1.80% of the company’s stock.

nVent Electric Profile

nVent Electric PLC is a global manufacturer of electrical connection, protection and thermal management solutions. The company designs, engineers and produces a broad portfolio of products aimed at enhancing safety, reliability and performance in electrical systems across a variety of industries. Its core offerings include electrical enclosures, heat tracing systems, grounding and bonding products, cable management, and fastening solutions. nVent serves markets such as commercial and industrial construction, oil and gas, telecommunications, data centers, utilities, and renewable energy.

The company’s electrical enclosures and housing solutions protect sensitive components from environmental hazards, while its Raychem brand heat tracing products provide freeze protection and temperature maintenance for critical piping and equipment.