nVent Electric (NVT) said Wednesday it is setting a three-year adjusted earnings per share compound annual growth rate of 17% to 20%.

The company also said it expects organic sales compound annual growth rate of 10% to 13%, with an inorganic sales growth contribution of more than three points.

"Our strategy is to continue driving accelerated growth with a focus on the infrastructure vertical, including data centers and power utilities, new products and innovation, capacity expansion, and disciplined capital allocation," said Beth Wozniak, the company's chair and chief executive officer.

Shares of the company were up more than 3% in recent premarket activity.