Pricing ExpectationsPricing was flat in Q3, whereas investors had expected a slight increase.
Stock PerformanceThe stock reacted poorly, with a decline of 8% versus a nearly unchanged S&P on the day of the Q3 report.
Valuation ConcernsSome investors highlighted that the valuation of NVT is not cheap following its run-up, with the stock closing at a 2024 P/E of 27X.