nVent Electric: 28% Operating Income Growth In Q1, Plenty More Firepower

F ■ Matteo Colombo The industrials sector has shifted gear and now offers some of the least attractive price/value propositions of the S&P 500 sectors. To illustrate this, Figure 1 shows a composite built using 1) each sector's share of forward EPS estimates and 2) the current sector weights of the index. As seen, the industrial sector sits at the bottom when considering these two factors. The basic materials sector, on the other hand, sits at the top - consistent with findings I made in Q3 2023 (avid reade ...