nVent Electric
Connects and protects critical equipment through systems protection and electrical connection products.
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Profile
Designs enclosures, electrical connections, fastening products, switchgear and bus systems for equipment, buildings and critical processes. Two operating platforms—Systems Protection and Electrical Connections—serve infrastructure, industrial, commercial, residential and energy applications worldwide, supported by established industrial brands and an acquisition-shaped portfolio.
Designs and manufactures enclosures, electrical connections, fastening products, switchgear and bus systems that connect and protect equipment, buildings and critical processes. Systems Protection covers enclosures, control buildings and power-distribution hardware, while Electrical Connections links power and data infrastructure across infrastructure, industrial, commercial, residential and energy applications worldwide.
Operates through established brands including HOFFMAN, ERICO, CADDY, ILSCO, SCHROFF and TRACHTE, pairing inherited product lineages with lean practices in Systems Protection. The portfolio has been reshaped through acquisitions of electrical-connectivity and control-building businesses and the sale of Thermal Management. Its operating model depends on integrating acquired businesses while serving safety- and reliability-sensitive applications across a broad industrial customer base.
Company facts
Key statistics
Year to date +39.0% · Average volume (30d) 2.1M
Analysts
Ratings
Target range
Latest analyst notes
| Date | Firm | Action | Rating | Prior target | Target |
|---|---|---|---|---|---|
| Aug 25, 2026 | Roth Capital | Reiterate | Buy | $195 | $210 |
| Aug 3, 2026 | Seaport Global | Reiterate | Buy | $130 | $215 |
| Aug 3, 2026 | RBC Capital | Reiterate | Outperform | $193 | $200 |
| Aug 3, 2026 | Roth Capital | Reiterate | Buy | $185 | $195 |
| Aug 3, 2026 | UBS | Reiterate | Buy | $200 | $225 |
Earnings
EPS
Revenue
History
| Report date | EPS est | EPS | Surprise | Revenue est | Revenue | Surprise | Next session |
|---|---|---|---|---|---|---|---|
| Jul 31, 2026Q2 FY26 | $1.16 | $1.45 | +25.0% | $1.26B | $1.47B | +16.9% | +6.24% |
| May 1, 2026Q1 FY26 | $0.94 | $1.09 | +15.8% | $1.11B | $1.24B | +12.0% | +2.37% |
| Feb 6, 2026Q4 FY25 | $0.90 | $0.90 | +0.3% | $1.00B | $1.07B | +6.2% | +1.76% |
| Oct 31, 2025Q3 FY25 | $0.89 | $0.91 | +2.8% | $1.01B | $1.05B | +4.8% | −1.74% |
Financial highlights
| 12 quarters | Q1 FY25 | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | |
|---|---|---|---|---|---|---|---|
| Revenue | $809.3M | $963.1M | $1.05B | $1.07B | $1.24B | $1.47B | |
| Gross profit | $313.7M | $371.8M | $394.7M | $388.9M | $445.6M | $558.0M | |
| Operating income | $130.0M | $156.7M | $166.3M | $163.8M | $201.7M | $300.7M | |
| Net income | $360.7M | $109.5M | $121.2M | $118.8M | $140.7M | $215.9M | |
| Diluted EPS | $2.16 | $0.67 | $0.73 | $0.73 | $0.87 | $1.32 | |
| Gross margin | 38.8% | 38.6% | 37.4% | 36.5% | 35.9% | 37.9% | |
| Operating margin | 16.1% | 16.3% | 15.8% | 15.4% | 16.2% | 20.4% |
Fiscal years (4-quarter sums)FY21 $2.46B · FY22 $2.91B · FY23 $3.12B · FY24 $3.01B · FY25 $3.89B
Revenue by product · Q2 FY26
Revenue by geography · Q2 FY26
Balance sheet, Jun 30, 2026Cash & short-term investments $256.0M · Total debt $1.63B · Total assets $7.15B · Shareholders' equity $3.99B
Dividends
Raised for 6 straight years — most recently to $0.21 from $0.20 in Jan 2026. To collect a payout, hold shares through the close before the ex-date.
History
| Ex-date | Record | Paid | Amount | Note |
|---|---|---|---|---|
| Jul 24, 2026 | Jul 24 | Aug 7 | $0.21 | |
| Apr 24, 2026 | Apr 24 | May 8 | $0.21 | |
| Jan 23, 2026 | Jan 23 | Feb 6 | $0.21 | raised from $0.20 |
| Oct 17, 2025 | Oct 17 | Nov 7 | $0.20 | |
| Jul 18, 2025 | Jul 18 | Aug 1 | $0.20 | |
| Apr 25, 2025 | Apr 25 | May 9 | $0.20 | |
| Jan 17, 2025 | Jan 17 | Feb 7 | $0.20 | raised from $0.19 |
| Oct 18, 2024 | Oct 18 | Nov 1 | $0.19 |
Ownership
A 13F quarter can total more than the shares outstanding — sub-advisers file the same block twice, and a filer's own share count can be a quarter stale. No split is drawn from it.
Shares outstanding 161.72M · Float 161.15M · 99.7% free float
Top shareholders13F · 13D/G · Form 4
| Holder | Shares | % outstanding | Form | Filed |
|---|---|---|---|---|
| BlackRock, Inc. | 17.47M | 10.80% | 13F | Aug 7, 2026 |
| Vanguard Capital Management LLC | 7.30M | 4.52% | 13F | Aug 13, 2026 |
| Vanguard Portfolio Management LLC | 6.90M | 4.27% | 13F | Aug 13, 2026 |
| State Street Corp | 5.31M | 3.29% | 13F | Aug 7, 2026 |
| Franklin Resources Inc | 4.41M | 2.73% | 13F | Aug 13, 2026 |
Insider tradesForm 4
| Date | Insider | Role | Shares | Avg price |
|---|---|---|---|---|
| Aug 10, 2026 | Robert J. van der Kolk | officer: President of EMEA and APAC | −5,858 | $164.32 |
| Aug 5, 2026 | Randolph A. Wacker | officer: SVP & Chief Accounting Officer | −22,525 | $164.62 |
| Aug 5, 2026 | Beth Wozniak | officer: Chair & CEO | −46,261 | $164.42 |
| May 13, 2026 | Sara E. Zawoyski | officer: President-Systems Protection | −29,412 | $172.49 |
| May 11, 2026 | Martha Claire Bennett | officer: EVP & Chief Marketing Officer | −3,778 | $170.00 |
Peers
- Eaton
Broad overlap in enclosures, busway and electrical connection systems
- Hubbell
Direct overlap in enclosures, grounding and utility connections
- Atkore
Construction-channel overlap in supports and cable management
- Vertiv
Focused data-center overlap in racks, busway, switchgear and cooling
