These Analysts Boost Their Forecasts On nVent Electric Following Upbeat Q3 Results

Core Insights - nVent Electric plc reported third-quarter results that exceeded street estimates, with adjusted earnings of 91 cents per share, a 44% increase year-over-year, surpassing expectations of 88 cents [1] - Net sales reached $1.05 billion, a 35% increase from the previous year, exceeding estimates of $1.01 billion, while organic sales growth was 16% for the quarter [1] - Adjusted operating income rose 27% to $213 million [1] Full-Year Outlook - nVent Electric raised its full-year 2025 sales growth outlook to 27% to 28%, up from the previous guidance of 24% to 26% [2] - The company projects adjusted earnings per share of $3.31 to $3.33, compared to the earlier range of $3.22 to $3.30 [2] - Wall Street analysts expect earnings of $3.29 per share from sales of $3.76 billion [2] Fourth Quarter Projections - For the fourth quarter, nVent anticipates reported sales growth of 31% to 33% and organic sales growth of 15% to 17% [3] - The adjusted EPS forecast for the fourth quarter is between 87 cents and 89 cents, while analysts expect an adjusted EPS of 88 cents [3] - Following the earnings announcement, nVent Electric shares fell 1% to trade at $113.22 [3] Analyst Ratings and Price Targets - RBC Capital analyst Deane Dray maintained an Outperform rating and raised the price target from $117 to $133 [5] - Goldman Sachs analyst Joe Ritchie maintained a Buy rating and raised the price target from $111 to $140 [5] - Roth Capital analyst Justin Clare reiterated a Buy rating and raised the price target from $115 to $130 [5]