# nVent Electric plc (NVT)

> Source: Nexqual · https://nexqual.com/NVT · data as of 2026-10-22 20:02 UTC · cite as "Nexqual, nVent Electric plc (NVT), nexqual.com/NVT" · informational, not investment advice.

**Price:** USD 127.67 (-12.63% on the day) · last close of Oct 22, 2026; US market pre market, not a live price. Prev close 146.13 · day 125.77–140.26 · 52w 93.22–184.64 · market cap $20.7B · NYQ

## Key facts
- Last four reported quarters (through Jun 30, 2026): revenue $4.83B, net income $598M (12.4% margin), free cash flow $578M (SEC filings).
- Valuation: P/E 34.5x (avg 25.2x at the last 3 fiscal year-ends), EV/EBITDA 24.5x, net debt $1.24B.
- Insider open-market sales, last ~7 months: 9 Form 4 filings, $27.2M; 9 not under a Rule 10b5-1 plan ($27.2M); 5 by opportunistic insiders (5 outside 10b5-1 plans), 0 by routine insiders (three-year test, Cohen, Malloy & Pomorski 2012).
- Analysts: Buy (mean 2.00 on a 1–5 scale) (20 analysts), mean target USD 203.29 (range 136–240).
- Total return with dividends: 1Y +27.5% vs S&P 500 +14.9%; 5Y +309.0% vs S&P 500 +80.3%.
- Next earnings: 2026-10-30, EPS estimate USD 1.4, revenue estimate $1.43B.

## Financials (SEC 10-K; TTM = last four 10-Q/10-K quarters)
| USD | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | TTM |
|---|---|---|---|---|---|---|
| Revenue | $2.46B | $2.30B | $2.67B | $3.01B | $3.89B | $4.83B |
| Gross profit | $942M | $823M | $1.08B | $1.21B | $1.47B | — |
| Operating income | $355M | $309M | $463M | $527M | $617M | $827M |
| Net income | $273M | $400M | $567M | $332M | $710M | $598M |
| EPS (diluted) | $1.61 | $2.38 | $3.37 | $1.97 | $4.31 | — |
| Free cash flow | $334M | $354M | $463M | $569M | $372M | $578M |
| Gross margin | 38.3% | 35.9% | 40.3% | 40.2% | 37.7% | — |
| Operating margin | 14.4% | 13.5% | 17.3% | 17.5% | 15.8% | 17.1% |
| Net margin | 11.1% | 17.4% | 21.2% | 11.0% | 18.2% | 12.4% |
| Revenue growth | +23.2% | -6.8% | +16.3% | +12.6% | +29.5% | — |
| Cash + short-term investments | $49.5M | $298M | $185M | $131M | $238M | — |
| Total debt | $999M | $1.08B | $1.78B | $2.15B | $1.56B | — |
Fiscal years end Dec. EPS is split-adjusted.

## Valuation (price ÷ last four quarters, through Jun 30, 2026)
P/E 34.5x · P/S 4.3x · EV/EBITDA 24.5x · EV/Sales 4.5x · P/FCF 35.8x · P/B 5.2x · FCF yield 2.80% · Earnings yield 2.90% · Dividend yield (paid, TTM) 0.64% · Buyback yield (TTM) 0.24% · Net debt $1.24B · EV $21.9B
P/E at fiscal year-ends: Dec 2025 23.6x, Dec 2024 34.6x, Dec 2023 17.5x.

## Insider sales (SEC Form 4, open-market, last ~7 months)
0 of 9 under a Rule 10b5-1 trading plan (scheduled in advance). Unplanned sales were timed by the insider.
| Trade date | Insider | Role | Shares | Value | % of holdings sold | 10b5-1 plan | Insider type |
|---|---|---|---|---|---|---|---|
| 2026-08-10 | Van Der Kolk Robert J. | President of EMEA and APAC | 5,858 | $963K | 17.6% | No | Too little history (no open-market trades in 2023) |
| 2026-08-05 | Wozniak Beth | Chair & CEO | 46,261 | $7.6M | 6.3% | No | Opportunistic (traded every year 2023–2025, no repeating month) |
| 2026-08-05 | Wacker Randolph A. | SVP & Chief Accounting Officer | 22,525 | $3.7M | 33.2% | No | Opportunistic (traded every year 2023–2025, no repeating month) |
| 2026-05-13 | Zawoyski Sara E | President-Systems Protection | 29,412 | $5.1M | 23.1% | No | Opportunistic (traded every year 2023–2025, no repeating month) |
| 2026-05-11 | Padmanabhan Aravind | EVP & Chief Technology Officer | 15,942 | $2.8M | 13% | No | Too little history (no open-market trades in 2023) |
| 2026-05-11 | Bennett Martha Claire | EVP & Chief Marketing Officer | 3,778 | $642K | 94.4% | No | Too little history (no open-market trades in 2023–2025) |
| 2026-05-06 | Heath Lynnette R | EVP & Chief HR Officer | 27,471 | $4.6M | 42.6% | No | Opportunistic (traded every year 2023–2025, no repeating month) |
| 2026-05-05 | Padmanabhan Aravind | EVP & Chief Technology Officer | 6,988 | $1.2M | 23.1% | No | Too little history (no open-market trades in 2023) |
| 2026-05-04 | Wacker Randolph A. | SVP & Chief Accounting Officer | 4,094 | $678K | 7.6% | No | Opportunistic (traded every year 2023–2025, no repeating month) |
% of holdings sold = shares sold ÷ (shares sold + all holdings the insider reported on that Form 4, direct and through trusts).
Insider type follows Cohen, Malloy & Pomorski (Journal of Finance, 2012). An insider who traded the stock in the same calendar month in each of the past three years is a routine trader; one who traded in each of those years without such a pattern is an opportunistic trader. In their study, trades by opportunistic insiders predicted future returns and trades by routine insiders did not. Counts open-market purchases and sales only (SEC Form 4 codes P and S) by that insider in that company. Not investment advice.

## Analysts
Consensus Buy (mean 2.00 on a 1–5 scale), 20 analysts; mean target USD 203.29 (low 136, high 240).
Rating changes, last 120 days:
| Date | Firm | Action | Rating | Price target |
|---|---|---|---|---|
| 2026-10-14 | RBC Capital | Target raised | Outperform | $200 → $208 |
| 2026-10-12 | Citigroup | Target raised | Buy | $215 → $228 |
| 2026-10-05 | BMO Capital | Initiated | Outperform | $212 |
| 2026-09-25 | Wells Fargo | Initiated | Equal-Weight | $182 |
| 2026-08-25 | Roth Capital | Target raised | Buy | $195 → $210 |
| 2026-08-03 | Citigroup | Target raised | Buy | $203 → $215 |
| 2026-08-03 | RBC Capital | Target raised | Outperform | $193 → $200 |
| 2026-08-03 | Evercore ISI Group | Target raised | Outperform | $190 → $210 |
| 2026-08-03 | Baird | Target raised | Outperform | $188 → $200 |
| 2026-07-24 | Roth Capital | Reiterated | Buy | $185 |
| 2026-07-16 | RBC Capital | Target raised | Outperform | $180 → $193 |
| 2026-07-16 | Baird | Initiated | Outperform | $188 |

## Total return (dividends reinvested)
|  | 1Y (from 2025-10-23) | 5Y (from 2021-10-18) |
|---|---|---|
| Total return | +27.5% | +309.0% |
| S&P 500 (SPY) | +14.9% | +80.3% |
| Per year | +27.6% | +32.5% |
| Volatility (annualized) | 49.8% | 34.3% |
| Max drawdown | -30.6% (Jun 2026→Oct 2026) | -46.6% (May 2024→Mar 2025) |

## Peers (Electrical Equipment & Parts)
HUBB (Hubbell Inc) USD 445.8 -3.25% · FPS (Forgent Power Solutions, Inc.) USD 24.92 -21.54% · AEIS (Advanced Energy Industries, Inc) USD 216.64 -12.49% · AYI (Acuity Inc.) USD 317.23 +0.15% · BE (Bloom Energy Corporation) USD 217.77 -8.70% · VRT (Vertiv Holdings, LLC) USD 195.59 -7.81%

## More
Full page: https://nexqual.com/NVT · Free keyless MCP server with the same data and citations: https://mcp.nexqual.com/mcp · Guide for agents: https://nexqual.com/agents · https://nexqual.com/llms.txt

## Supply chain and relationships (SEC annual reports)

Named in NVT's own 10-K filed 2026-02-17 (https://www.sec.gov/Archives/edgar/data/1720635/000162828026008608/nvt-20251231.htm):

| Relationship | Company | Sentence in the filing |
|---|---|---|
| Customer | PENTAIR plc (PNR) | "In 2015, Pentair acquired ERICO Global Company, a leading global manufacturer of superior engineered electrical and fastening products, which operates as our Electrical Connections business, broadening our product offeri…" |

## Revenue by business segment (quarter ended 2026-06-30)

| Line | Revenue | Share | YoY | Operating income | Op. margin |
|---|---|---|---|---|---|
| Systems Protection | $1.07B | 72.9% | +69.6% | $248.2M | 23.2% |
| Electrical Connections | $399.2M | 27.1% | +20.6% | $108.8M | 27.3% |
| Total revenue | $1.47B | 100% | — | $357.0M | 24.3% |

## Revenue by region (quarter ended 2026-06-30)

| Line | Revenue | Share | YoY |
|---|---|---|---|
| Americas | $1.26B | 85.4% | +61.6% |
| EMEA | $154.7M | 10.5% | +9.0% |
| Asia-Pacific | $59.6M | 4.1% | +37.6% |
| Total revenue | $1.47B | 100% | — |

## Customer concentration

Period ended 2025-12-31: 11% of revenue from unnamed direct customers (10-K, filed 2026-02-17).

## Company outlook (8-K filed 2026-07-31)

- "EX-99.1 2 q22026nvtpressrelease.htm EX-99.1 Document Exhibit 99.1 News Release nVent Delivers Record Sales and EPS in Q2 2026 Significantly raising full-year sales and EPS guidance • Reported sales of $1.5 billion up 53%, organically up 47% • Reported EPS of $1.32 up 103%;"
- "Free Cash Flow of $167 million up 125% • Raising full-year sales and EPS guidance: ◦ Reported sales growth of 37% to 39%;"
- "(more) 3 GUIDANCE FOR FULL-YEAR AND THIRD QUARTER 2026 The company now estimates reported sales growth for full-year 2026 of 37 to 39 percent versus prior guidance of 26 to 28 percent."
- "This new guidance range represents 32 to 34 percent organic sales growth versus prior guidance of 21 to 23 percent."

## Analyst estimates and revisions

| Period | EPS est. | 90d ago | Change | Revenue est. | Analysts |
|---|---|---|---|---|---|
| Current quarter (ends 2026-09-30) | $1.40 | $1.18 | +18.1% | $1.43B | 15 |
| Next quarter (ends 2026-12-31) | $1.25 | $1.15 | +8.0% | $1.39B | 15 |
| Current fiscal year (ends 2026-12-31) | $5.17 | $4.61 | +12.1% | $5.52B | 18 |
| Next fiscal year (ends 2027-12-31) | $6.77 | $5.75 | +17.9% | $7.14B | 8 |

## Options: expected move (Cboe, 15-min delayed)

Expected move by 2026-11-20 (includes earnings 2026-10-30): ±15.4%; last 8 reports averaged ±8.8%.

| Expiration | Days | ATM IV | Expected move |
|---|---|---|---|
| 2026-11-20 | 28 | 67.4% | ±15.4% |
| 2026-12-18 | 56 | 59.3% | ±18.9% |
| 2027-01-15 | 84 | 56.7% | ±22.0% |
| 2027-02-19 | 119 | 56.8% | ±26.1% |
| 2027-05-21 | 210 | 54.4% | ±32.9% |