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nVent Electric
(NYSE:NVT)
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Rating:77Outperform
Price Target:
$201.00
â–²(32.42% Upside)
Action:Reiterated
Date:08/19/26
The score is driven primarily by strong financial execution (healthy margins, improving leverage, and robust free-cash-flow generation) and a very upbeat earnings update with materially raised 2026 guidance powered by data center/infrastructure demand. Technicals are supportive with clear uptrend signals, though near-term momentum looks somewhat stretched. The main limiter is valuation, with a high P/E and low dividend yield, which raises the bar for continued outsized growth and execution.
Positive Factors
Data Center and Infrastructure Growth
Strong data center and infrastructure demand supports multi-year growth in electrical protection, cooling and cable-management products. These applications are tied to expanding digital infrastructure and electrification investment, strengthening the company’s long-term market opportunity.
Negative Factors
Tariff and Inflation Exposure
Higher tariffs and inflation can structurally pressure product costs and operating margins, especially while the company expands capacity and serves global supply chains. Recovery depends on pricing, sourcing and productivity actions, creating an ongoing earnings risk over the next several quarters.
Read all positive and negative factors
Positive Factors
Negative Factors
Data Center and Infrastructure Growth
Strong data center and infrastructure demand supports multi-year growth in electrical protection, cooling and cable-management products. These applications are tied to expanding digital infrastructure and electrification investment, strengthening the company’s long-term market opportunity.
Read all positive factors
nVent Electric (NVT) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$24.82B
Dividend Yield0.55%
Average Volume (3M)1.92M
Price to Earnings (P/E)41.6
Beta (1Y)1.69
Revenue Growth46.19%
EPS Growth3.13%
CountryUS
Employees12,000
SectorIndustrials
Sector Strength72
IndustryElectrical Equipment & Parts
Share Statistics
EPS (TTM)3.69
Shares Outstanding161,857,940
10 Day Avg. Volume1,558,262
30 Day Avg. Volume1,917,245
Financial Highlights & Ratios
PEG Ratio0.20
Price to Book (P/B)4.44
Price to Sales (P/S)4.25
P/FCF Ratio44.53
Enterprise Value/Market Cap<0.01
Enterprise Value/Revenue<0.01
Enterprise Value/Gross Profit<0.01
Enterprise Value/Ebitda<0.01
Forecast
1Y Price Target
$214.45Price Target Upside41.28% Upside
Rating ConsensusStrong Buy
Number of Analyst Covering13
EPS Forecast (FY)5.1
Revenue Forecast (FY)$5.46B
nVent Electric Business Overview & Revenue Model
Company Description
nVent Electric plc specializes in the global design, production, distribution, installation, and upkeep of electrical connection and protective equipment. Its operations are structured across three distinct divisions. The Enclosures segment offers...
How the Company Makes Money
nVent makes money primarily by selling engineered electrical connection-and-protection products and related services to OEMs, contractors, distributors, and end users. Its revenue is largely generated from: (1) Product sales across major solution ...
nVent Electric Earnings Call Summary
Earnings Call Date:Jul 31, 2026
(Q2-2026)
| % Change Since: |
Next Earnings Date:Oct 23, 2026
Earnings Call Sentiment Positive
The call communicated a strong, positive operational and financial performance: record sales, margin expansion, substantial organic growth (driven by data centers and infrastructure), robust free cash flow, aggressive guidance increases, and active capacity expansion to capture AI-related demand. Offsetting risks include higher tariff and inflation impacts, segment margin pressure in Electrical Connections, lumpy order cadence that creates near-term visibility variability, and execution risk as new facilities ramp. On balance, the favorable top-line momentum, raised guidance, cash generation, and balance sheet flexibility outweigh the manageable headwinds.Positive Updates
Record Quarterly Sales and Strong Organic Growth
Reported sales of $1.471 billion in Q2, up 53% year-over-year; organic sales up 47% year-over-year. This was the fourth consecutive quarter with sales > $1 billion and Systems Protection exceeded $1 billion for the first time.
Negative Updates
Tariff and Inflation Headwinds
Tariff impact and inflation pressures increased: Q2 inflation impact >$50M (including >$30M tariff impact). Full-year tariff impact now expected to be ~ $100M (up from $80M previously) driven by higher volume.
Read all updates
Q2-2026 Updates
Positive
Negative
Record Quarterly Sales and Strong Organic Growth
Reported sales of $1.471 billion in Q2, up 53% year-over-year; organic sales up 47% year-over-year. This was the fourth consecutive quarter with sales > $1 billion and Systems Protection exceeded $1 billion for the first time.
Read all positive updates
Company Guidance
nVent materially raised its 2026 outlook: full‑year reported sales growth is now 37–39% (prior 26–28%) with organic sales growth of 32–34% (prior 21–23%), and adjusted EPS of $5.00–$5.10 (vs. $4.45–$4.55 previously) — the midpoint implies roughly 50% EPS growth year‑over‑year. For Q3 management guides reported and organic sales growth of 32–35% and adjusted EPS of $1.35–$1.38 (midpoint ≈ +50% Y/Y), assumes mid‑twenties incrementals in the second half, and maintains a free cash flow conversion target of ~90–95%. They now expect a tariff headwind of about $100M (up from $80M), plan roughly $130M of CapEx for the year (up ~40%) after spending nearly $60M in 1H, and reiterate strong liquidity and balance sheet flexibility with $256M cash, $600M revolver availability and net leverage of ~1.2x.nVent Electric Financial Statement Overview
Summary
Income Statement
78
Positive
Balance Sheet
74
Positive
Cash Flow
81
Very Positive
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 4.83B | 3.89B | 3.01B | 2.67B | 2.30B | 2.46B |
| Gross Profit | 1.79B | 1.47B | 1.21B | 1.08B | 822.90M | 941.90M |
| EBITDA | 1.01B | 832.80M | 681.20M | 567.90M | 453.90M | 461.40M |
| Net Income | 596.60M | 710.20M | 331.80M | 567.10M | 399.80M | 272.90M |
Balance Sheet | ||||||
| Total Assets | 7.15B | 6.85B | 6.73B | 6.16B | 4.90B | 4.67B |
| Cash, Cash Equivalents and Short-Term Investments | 256.00M | 237.50M | 131.20M | 185.10M | 297.50M | 49.50M |
| Total Debt | 1.63B | 1.71B | 2.27B | 1.89B | 1.16B | 1.08B |
| Total Liabilities | 3.16B | 3.12B | 3.50B | 3.02B | 2.17B | 2.18B |
| Stockholders Equity | 3.99B | 3.73B | 3.24B | 3.14B | 2.73B | 2.50B |
Cash Flow | ||||||
| Free Cash Flow | 577.70M | 371.90M | 569.10M | 462.50M | 348.70M | 333.80M |
| Operating Cash Flow | 690.60M | 465.20M | 643.10M | 528.10M | 394.60M | 373.30M |
| Investing Cash Flow | -111.70M | 520.80M | -758.40M | -1.16B | -52.50M | -274.00M |
| Financing Cash Flow | -450.90M | -968.40M | 146.20M | 516.70M | -82.10M | -166.80M |
nVent Electric Technical Analysis
Negative
151.79
Price Trends
160.43
Negative
156.82
Negative
133.41
Positive
Market Momentum
-0.78
Positive
42.35
Neutral
7.12
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For NVT, the sentiment is Negative. The current price of 151.79 is below the 20-day moving average (MA) of 159.79, below the 50-day MA of 160.43, and above the 200-day MA of 133.41, indicating a neutral trend. The MACD of -0.78 indicates Positive momentum. The RSI at 42.35 is Neutral, neither overbought nor oversold. The STOCH value of 7.12 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for NVT.
nVent Electric Risk Analysis
nVent Electric disclosed 37 risk factors in its most recent earnings report. nVent Electric reported the most risks in the "Legal & Regulatory" category.
Finance & Corporate - Financial and accounting risks. Risks related to the execution of corporate activity and strategy
Latest Risks Added 0 New Risks
nVent Electric Peers Comparison
UnderperformOutperform
Sector (63)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
83 Outperform | $6.76B | 20.34 | 18.48% | 0.55% | 3.73% | 7.60% | |
78 Outperform | $24.66B | 27.54 | 23.65% | 1.12% | 10.61% | 9.52% | |
77 Outperform | $24.82B | 41.56 | 15.76% | 0.55% | 46.19% | 3.13% | |
76 Outperform | $10.08B | 21.79 | 16.85% | 0.23% | 10.50% | 18.92% | |
63 Neutral | $10.79B | 15.43 | 7.44% | 2.01% | 2.89% | -14.66% | |
63 Neutral | $11.00B | 47.52 | 15.93% | 0.13% | 24.58% | 159.06% | |
56 Neutral | $3.16B | -19.32 | -12.14% | 1.72% | 1.63% | -253.37% |
* Industrials Sector Average
NVT
nVent Electric
151.48
61.24
67.87%
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339.95
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nVent Electric Corporate Events
Business Operations and StrategyExecutive/Board Changes
nVent Electric Maintains Finance Leadership Continuity After Reversal
Positive
Aug 18, 2026
nVent Electric plc announced a change in its executive plans after Senior Vice President and Chief Accounting Officer Randolph A. Wacker reversed his previously disclosed decision to retire on September 1, 2026. On August 14, the Board of Director...
Executive/Board Changes
nVent Electric Announces Leadership Transition in Finance Organization
Neutral
Jun 17, 2026
On June 11, 2026, nVent Electric announced that Senior Vice President, Chief Accounting Officer and Treasurer Randolph A. Wacker intends to retire effective September 1, 2026. The move marks a planned leadership transition in the company’s f...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.