nVent Electric (NVT)
NYSE:NVT
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nVent Electric
(NYSE:NVT)
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Rating:72Outperform
Price Target:
$176.00
â–²(30.67% Upside)
Action:ReiteratedDate:05/02/26
The score is driven primarily by solid financial performance (strong growth/returns and improved leverage) and a very upbeat earnings call with materially raised guidance and strong backlog. This is tempered by premium valuation and overbought technical readings, plus recent margin and cash-conversion softening that bears monitoring.
Positive Factors
Top-line momentum & backlog
Sustained top-line momentum and a $2.6B backlog provide multi-quarter revenue visibility across end markets. Robust organic growth signals durable demand rather than one-off timing, supporting revenue continuity and planning for capacity, staffing, and customer commitments over the 2–6 month horizon.
Negative Factors
Tariff and commodity cost pressure
Ongoing tariffs and raw-material inflation (notably copper) create a structural cost overhang for product lines with high commodity content. If elevated commodity prices persist or tariffs remain, pricing and productivity levers may not fully offset margin erosion, pressuring long-term profitability across segments.
Read all positive and negative factors
Positive Factors
Negative Factors
Top-line momentum & backlog
Sustained top-line momentum and a $2.6B backlog provide multi-quarter revenue visibility across end markets. Robust organic growth signals durable demand rather than one-off timing, supporting revenue continuity and planning for capacity, staffing, and customer commitments over the 2–6 month horizon.
Read all positive factors
nVent Electric (NVT) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$23.11B
Dividend Yield0.84%
Average Volume (3M)2.20M
Price to Earnings (P/E)33.6
Beta (1Y)1.64
Revenue Growth18.36%
EPS Growth116.24%
CountryUS
Employees12,100
SectorIndustrials
Sector Strength72
IndustryElectrical Equipment & Parts
Share Statistics
EPS (TTM)1.09
Shares Outstanding161,698,300
10 Day Avg. Volume1,937,484
30 Day Avg. Volume2,199,595
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 Cap1.02
Enterprise Value/Revenue5.44
Enterprise Value/Gross Profit14.70
Enterprise Value/Ebitda27.44
Forecast
1Y Price Target
$149.86Price Target Upside11.26% Upside
Rating ConsensusStrong Buy
Number of Analyst Covering9
EPS Forecast (FY)4.2
Revenue Forecast (FY)$4.60B
nVent Electric Business Overview & Revenue Model
Company Description
nVent Electric plc designs, manufactures, markets, installs, and services electrical connection and protection products worldwide. The company operates through three segments: Enclosures, Electrical & Fastening Solutions, and Thermal Management. T...
How the Company Makes Money
nVent primarily makes money by selling engineered electrical products and systems (and related services) used to protect, connect, and manage electrical infrastructure. Revenue is generated mainly from: (1) Product sales across its portfolio, incl...
nVent Electric Earnings Call Summary
Earnings Call Date:May 01, 2026
(Q1-2026)
| % Change Since: |
Next Earnings Date:Jul 31, 2026
Earnings Call Sentiment Positive
The call was strongly positive: the company delivered record top-line and bottom-line results, materially raised full-year and Q2 guidance, and reported robust orders and backlog—largely driven by Infrastructure and data-center demand (notably liquid cooling). Financial position and capital allocation remain disciplined with strong liquidity and low leverage. Key headwinds include tariff and inflation pressures (notably copper), margin pressure in the Electrical Connections segment, Asia Pacific weakness, and the near-term challenges of ramping new capacity and supply-base scaling. On balance, the positive operational momentum, guidance raises, and cash/balance-sheet strength significantly outweigh the transitory margin and macro headwinds.Positive Updates
Record Sales, Orders and Backlog
Q1 reported sales $1.242B, up 53% year-over-year; organic sales +34%. Third consecutive quarter with sales >$1B. Organic orders up ~40%; backlog grew sequentially to $2.6B (up low double digits), providing multi-quarter visibility.
Negative Updates
Tariff and Inflation Headwinds
Incremental tariff headwind of approximately $80M expected this year (following $90M last year for $170M cumulative). Company noted inflation pressures (fuel, copper) and reported Q1 inflation impact of nearly $60M (including ~$40M tariff impact). Management is relying on pricing and productivity to offset these headwinds.
Read all updates
Q1-2026 Updates
Positive
Negative
Record Sales, Orders and Backlog
Q1 reported sales $1.242B, up 53% year-over-year; organic sales +34%. Third consecutive quarter with sales >$1B. Organic orders up ~40%; backlog grew sequentially to $2.6B (up low double digits), providing multi-quarter visibility.
Read all positive updates
Company Guidance
Management raised full‑year guidance, now forecasting reported sales growth of 26%–28% (including ~5 points from acquisitions and flattish FX) with organic sales up 21%–23% (vs prior 10%–13%), and increased full‑year adjusted EPS to $4.45–$4.55 (from $4.00–$4.15) while assuming approximately $80M of incremental tariff headwinds; they expect free cash flow conversion of 90%–95%, plan ~ $130M in CapEx (up ~40%) with Q2 guidance of reported sales +28%–30% (organic +23%–25%, ~5 points from acquisitions) and adjusted EPS of $1.12–$1.15 (midpoint >30% YoY); liquidity and balance‑sheet metrics cited to support the plan include $109M cash, $600M available on the revolver, $1.6B of debt, net leverage of 1.5x (well below the 2.0–2.5x target), and a $2.6B backlog.nVent Electric Financial Statement Overview
Summary
Income Statement
78
Positive
Balance Sheet
73
Positive
Cash Flow
66
Positive
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 4.33B | 3.89B | 3.01B | 2.67B | 2.30B | 2.46B |
| Gross Profit | 1.60B | 1.47B | 1.21B | 1.08B | 822.90M | 941.90M |
| EBITDA | 857.60M | 832.80M | 681.20M | 567.90M | 453.90M | 461.40M |
| Net Income | 491.90M | 710.20M | 331.80M | 567.10M | 399.80M | 272.90M |
Balance Sheet | ||||||
| Total Assets | 6.96B | 6.85B | 6.73B | 6.16B | 4.90B | 4.67B |
| Cash, Cash Equivalents and Short-Term Investments | 190.00M | 237.50M | 131.20M | 185.10M | 297.50M | 49.50M |
| Total Debt | 1.56B | 1.56B | 2.27B | 1.89B | 1.16B | 1.08B |
| Total Liabilities | 3.17B | 3.12B | 3.50B | 3.02B | 2.17B | 2.18B |
| Stockholders Equity | 3.80B | 3.73B | 3.24B | 3.14B | 2.73B | 2.50B |
Cash Flow | ||||||
| Free Cash Flow | 386.60M | 371.90M | 569.10M | 462.50M | 348.70M | 333.80M |
| Operating Cash Flow | 494.90M | 465.20M | 643.10M | 528.10M | 394.60M | 373.30M |
| Investing Cash Flow | -1.08B | 520.80M | -758.40M | -1.16B | -52.50M | -274.00M |
| Financing Cash Flow | -584.00M | -968.40M | 146.20M | 516.70M | -82.10M | -166.80M |
nVent Electric Technical Analysis
Positive
134.69
Price Trends
118.26
Positive
112.56
Positive
102.71
Positive
Market Momentum
4.55
Negative
63.91
Neutral
80.90
Negative
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For NVT, the sentiment is Positive. The current price of 134.69 is above the 20-day moving average (MA) of 124.08, above the 50-day MA of 118.26, and above the 200-day MA of 102.71, indicating a bullish trend. The MACD of 4.55 indicates Negative momentum. The RSI at 63.91 is Neutral, neither overbought nor oversold. The STOCH value of 80.90 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive 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 |
|---|---|---|---|---|---|---|---|
80 Outperform | $26.95B | 35.87 | 25.00% | 1.18% | 7.18% | 14.32% | |
78 Outperform | $7.86B | 15.10 | 16.61% | 0.67% | 5.20% | -0.12% | |
74 Outperform | $8.78B | 23.86 | 15.71% | 0.18% | 15.89% | 3.60% | |
74 Outperform | $14.60B | 53.05 | 11.51% | 0.18% | 21.37% | 173.02% | |
72 Outperform | $23.11B | 33.58 | 19.60% | 0.84% | 18.36% | 116.24% | |
63 Neutral | $10.79B | 15.43 | 7.44% | 2.01% | 2.89% | -14.66% | |
52 Neutral | $2.64B | 36.07 | -3.28% | 2.02% | -7.20% | -113.24% |
* Industrials Sector Average
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nVent Electric Corporate Events
Business Operations and StrategyPrivate Placements and FinancingRegulatory Filings and Compliance
nVent Electric Enhances Credit Facilities and Note Guarantees
Positive
Feb 17, 2026
On February 16, 2026, nVent Electric plc and subsidiaries nVent Finance S.à r.l. and Hoffman Schroff Holdings, Inc. amended their existing $875 million credit agreement to allow Hoffman to become a primary borrower alongside nVent Finance. Un...
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.