These Analysts Raise Their Forecasts On nVent Electric After Strong Q2 Earnings

Core Insights - nVent Electric plc reported better-than-expected second-quarter financial results, with earnings of 86 cents per share, surpassing the analyst consensus estimate of 79 cents per share [1] - The company achieved quarterly sales of $963 million, exceeding the analyst consensus estimate of $897.872 million [1] Financial Guidance - nVent Electric raised its FY2025 adjusted EPS guidance from a range of $3.03-$3.13 to $3.22-$3.30 [2] - The company now expects reported sales growth for FY25 to be between 24%-26%, compared to the prior guidance of 19%-21% [2] Market Reaction - Following the earnings announcement, nVent Electric shares fell by 0.8%, trading at $89.14 [2] - Analysts adjusted their price targets for nVent Electric after the earnings report [2] Analyst Ratings - RBC Capital analyst Deane Dray maintained an Outperform rating on nVent Electric and raised the price target from $85 to $102 [7] - Roth Capital analyst Justin Clare reiterated a Buy rating and increased the price target from $89 to $100 [7]