These Analysts Increase Their Forecasts On nVent Electric Following Q4 Results

Benzinga
02/10

nVent Electric plc (NYSE:NVT) reported in-line earnings for the fourth quarter on Friday.

The company posted quarterly earnings of 90 cents per share which met the analyst consensus estimate. The company reported quarterly sales of $1.067 billion which beat the analyst consensus estimate of $1.005 billion.

nVent Electric said it sees FY2026 adjusted EPS of $4.00-$4.15, versus market estimates of $4.06. The company expects FY2026 sales of $4.477 billion-$4.594 billion, versus estimates of $4.426 billion.

nVent Electric shares gained 4.5% to trade at $117.72 on Monday.

These analysts made changes to their price targets on nVent Electric following earnings announcement.

  • Keybanc analyst Jeffrey Hammond maintained nVent Electric with an Overweight rating and raised the price target from $125 to $130.
  • Barclays analyst Julian Mitchell maintained the stock with an Overweight rating and raised the price target from $140 to $141.
  • RBC Capital analyst Deane Dray maintained nVent Electric with an Outperform rating and raised the price target from $136 to $138.

Considering buying NVT stock? Here’s what analysts think:

Photo via Shutterstock

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