In a mixed quarter for industrials, nVent's (NVT)
mixed quarter seems like par for the course to me. By no means was it a
disaster, and the price-driven margin uplift was encouraging, but
there's not much reason to expect robust growth in the near term, and
after a moderately sector-beating performance since my last update,
the valuation is more in the range of "okay, I guess…" now. I don't
recommend selling core positions on the basis of quarter-to-quarter
vibrations, but with some concerning signs regarding end-market growth
across the industrial sector and relatively elevated valuations, I'd
wait for a better entry point for new money.
Read the full article here:
Lackluster Growth And Valuation At nVent, But Balance Sheet Flexibility Remains
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