Added to YB: 2024-06-11
Pitch date: 2024-03-31
NVT [bullish]
nVent Electric plc
+36.88%
current return
Author Info
No bio for this author
Company Info
nVent Electric plc designs, manufactures, markets, installs, and services electrical connection and protection solutions in North America, Europe, the Middle East, Africa, the Asia Pacific, and internationally.
Market Cap
$12.5B
Pitch Price
$74.31
Price Target
N/A
Dividend
1.05%
EV/EBITDA
18.37
P/E
52.76
EV/Sales
4.23
Sector
Electrical Equipment
Category
growth
Ariel Investments Small Cap Value Strategy Portfolio Holding: nVent Electric plc
NVT: Q1 beat on strong organic rev growth, expanding margins & FCF. Solid 2024 guide driven by high-growth verticals, new products & innovation focus. Benefitting from electrification & data center trends + operational improvements. Shares jumped post-earnings.
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