Eaton Corporation, PLC (NYSE:ETN) Receives Average Recommendation of “Buy” from Brokerages

by · The Markets Daily

Shares of Eaton Corporation, PLC (NYSE:ETN – Get Free Report) have been assigned a consensus recommendation of “Buy” from the nineteen analysts that are currently covering the company, MarketBeat.com reports. Two research analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and two have given a strong buy rating to the company. The average 1-year target price among brokerages that have issued a report on the stock in the last year is $454.1765.

A number of research analysts have issued reports on the stock. Weiss Ratings upgraded shares of Eaton from a “hold (c+)” rating to a “buy (b-)” rating in a report on Friday, August 28th. BMO Capital Markets lifted their price target on shares of Eaton from $477.00 to $487.00 and gave the stock an “outperform” rating in a report on Monday, August 3rd. Royal Bank Of Canada boosted their price objective on shares of Eaton from $484.00 to $512.00 and gave the company an “outperform” rating in a research report on Monday, August 3rd. Citigroup raised their target price on shares of Eaton from $471.00 to $485.00 and gave the stock a “buy” rating in a research report on Monday, August 3rd. Finally, Morgan Stanley lifted their target price on shares of Eaton from $500.00 to $520.00 and gave the stock an “overweight” rating in a research note on Friday, August 28th.

Get Our Latest Analysis on ETN

Insider Activity at Eaton

In other Eaton news, Director Gerald Johnson bought 130 shares of the company’s stock in a transaction that occurred on Thursday, August 13th. The stock was purchased at an average cost of $455.90 per share, for a total transaction of $59,267.00. Following the completion of the purchase, the director owned 1,829 shares of the company’s stock, valued at $833,841.10. This trade represents a 7.65% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Heath Monesmith sold 18,036 shares of the firm’s stock in a transaction dated Tuesday, August 11th. The stock was sold at an average price of $458.04, for a total value of $8,261,209.44. Following the completion of the sale, the insider directly owned 50,368 shares in the company, valued at approximately $23,070,558.72. The trade was a 26.37% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders own 0.10% of the company’s stock.

Institutional Investors Weigh In On Eaton

Institutional investors have recently bought and sold shares of the stock. North Star Investment Management Corp. raised its stake in Eaton by 0.3% during the first quarter. North Star Investment Management Corp. now owns 8,101 shares of the industrial products company’s stock worth $2,897,000 after purchasing an additional 28 shares during the period. Bogart Wealth LLC grew its stake in shares of Eaton by 1.3% during the 1st quarter. Bogart Wealth LLC now owns 2,184 shares of the industrial products company’s stock valued at $781,000 after buying an additional 29 shares during the period. Pring Turner Capital Group Inc. increased its holdings in shares of Eaton by 0.3% during the 4th quarter. Pring Turner Capital Group Inc. now owns 10,528 shares of the industrial products company’s stock worth $3,353,000 after buying an additional 30 shares during the last quarter. Ellevest Inc. increased its holdings in shares of Eaton by 2.5% during the 4th quarter. Ellevest Inc. now owns 1,281 shares of the industrial products company’s stock worth $408,000 after buying an additional 31 shares during the last quarter. Finally, Tanager Wealth Management LLP raised its position in shares of Eaton by 5.4% in the 2nd quarter. Tanager Wealth Management LLP now owns 606 shares of the industrial products company’s stock worth $258,000 after buying an additional 31 shares during the period. 82.97% of the stock is currently owned by hedge funds and other institutional investors.

Eaton Stock Performance

NYSE ETN opened at $425.88 on Friday. Eaton has a fifty-two week low of $311.92 and a fifty-two week high of $478.00. The stock has a market cap of $165.41 billion, a price-to-earnings ratio of 43.32, a price-to-earnings-growth ratio of 2.58 and a beta of 1.17. The business has a fifty day moving average of $416.22 and a 200-day moving average of $399.40. The company has a quick ratio of 0.79, a current ratio of 1.24 and a debt-to-equity ratio of 0.91.

Eaton (NYSE:ETN – Get Free Report) last issued its quarterly earnings data on Friday, July 31st. The industrial products company reported $3.15 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.08 by $0.07. The business had revenue of $8.53 billion for the quarter, compared to the consensus estimate of $8.16 billion. Eaton had a return on equity of 24.58% and a net margin of 12.75%.The business’s revenue was up 21.4% on a year-over-year basis. During the same period in the prior year, the business earned $2.95 earnings per share. Eaton has set its Q3 2026 guidance at 3.460-3.560 EPS and its FY 2026 guidance at 13.400-13.600 EPS. As a group, analysts predict that Eaton will post 13.56 earnings per share for the current fiscal year.

Eaton Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, August 28th. Stockholders of record on Friday, August 7th were issued a dividend of $1.10 per share. The ex-dividend date was Friday, August 7th. This represents a $4.40 annualized dividend and a dividend yield of 1.0%. Eaton’s dividend payout ratio (DPR) is 44.76%.

Eaton Company Profile

(Get Free Report)

Eaton plc is a power management company that helps businesses, utilities, data centers, industrial facilities and other customers manage electrical, hydraulic and mechanical power more safely and efficiently. Its products and systems support power distribution, circuit protection, power quality, backup power, industrial automation and energy management.

The company also supplies aerospace systems, including hydraulic, fuel, motion-control and air-management equipment, as well as components and systems for commercial and military aircraft.

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