NVT (Update)

nVent Electric PLC

Industrial/Transportation


Presented:07/31/2018
Price:$27.23
Cap:$4.87B
Current Price:$73.36
Cap:$12.19B

Presented

Date07/31/2018
Price$27.23
Market Cap$4.87B
Ent Value$5.44B
P/E RatioN/A
Book Value$15.06
Div Yield0%
Shares O/S179.04M
Ave Daily Vol2,529,030
Short IntN/A

Current

Price$73.36
Market Cap$12.19B
nVent Electric Plc provides electrical connection and protection solutions. It designs, manufactures, markets, installs, and services products and solutions that connect and protect some of the equipment, buildings, and critical processes. The company offers enclosures, electrical connections and fastening, and thermal management solutions across industry-leading. Its products brands include Caddy, Erico, Hoffman, Raychem, Schroff, and Tracer. The company was founded on May 30, 2017 and is headquartered in London, the United Kingdom.

Please note, this is an update to nVent Electric (NVT) – Long, which was presented on May 29, 2018.

Publicly traded companies mentioned herein: Eaton Corporation PLC (ETN), Hubbell Incorporated (HUBB), nVent Electric PLC (NVT), Pentair PLC (PNR)

Highlights

The presenter remains long nVent Electric (NVT), which was spun-off from Pentair and began trading as a standalone on May 1, 2018. He provided an update on his assumptions following the Q2 2018 earnings call and continues to see upside for shareholders to at least $34/share (16x $2.10 of 2019 EPS).

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Idea Discussion

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