Citigroup Lowers Eaton (NYSE:ETN) Price Target to $435.00

by · The Markets Daily

Eaton (NYSE:ETN – Get Free Report) had its price target lowered by Citigroup from $442.00 to $435.00 in a report issued on Monday,Benzinga reports. The firm currently has a “buy” rating on the industrial products company’s stock. Citigroup’s target price would suggest a potential upside of 32.20% from the stock’s previous close.

Other equities analysts also recently issued reports about the company. Weiss Ratings restated a “buy (b-)” rating on shares of Eaton in a research report on Wednesday, October 8th. Royal Bank Of Canada boosted their price target on Eaton from $425.00 to $432.00 and gave the stock an “outperform” rating in a report on Wednesday, November 5th. Morgan Stanley cut their price objective on shares of Eaton from $425.00 to $405.00 and set an “overweight” rating for the company in a report on Monday. Mizuho boosted their target price on shares of Eaton from $385.00 to $425.00 and gave the stock an “outperform” rating in a report on Friday, October 17th. Finally, Barclays decreased their price target on shares of Eaton from $362.00 to $350.00 and set an “equal weight” rating on the stock in a research note on Wednesday, January 7th. One investment analyst has rated the stock with a Strong Buy rating, seventeen have issued a Buy rating and seven have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $391.27.

Read Our Latest Stock Report on Eaton

Eaton Stock Performance

Eaton stock traded up $4.55 during midday trading on Monday, hitting $329.06. The stock had a trading volume of 2,165,388 shares, compared to its average volume of 3,112,837. Eaton has a 52-week low of $231.85 and a 52-week high of $399.56. The company has a market capitalization of $127.81 billion, a PE ratio of 32.91, a P/E/G ratio of 2.08 and a beta of 1.20. The firm’s fifty day moving average is $339.41 and its two-hundred day moving average is $356.86. The company has a current ratio of 1.28, a quick ratio of 0.79 and a debt-to-equity ratio of 0.46.

Eaton (NYSE:ETN – Get Free Report) last posted its quarterly earnings results on Tuesday, November 4th. The industrial products company reported $3.07 earnings per share for the quarter, topping analysts’ consensus estimates of $3.06 by $0.01. Eaton had a net margin of 14.74% and a return on equity of 24.36%. The business had revenue of $6.99 billion during the quarter, compared to analyst estimates of $7.09 billion. Eaton has set its Q4 2025 guidance at 3.230-3.430 EPS and its FY 2025 guidance at 11.970-12.170 EPS. On average, research analysts forecast that Eaton will post 12.02 EPS for the current year.

Insider Buying and Selling

In other news, Director Gerald Johnson acquired 200 shares of the firm’s stock in a transaction on Tuesday, November 18th. The stock was acquired at an average price of $339.89 per share, with a total value of $67,978.00. Following the completion of the purchase, the director directly owned 400 shares in the company, valued at approximately $135,956. This trade represents a 100.00% increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In the last 90 days, insiders have bought 500 shares of company stock worth $174,389. Corporate insiders own 0.30% of the company’s stock.

Institutional Trading of Eaton

Large investors have recently modified their holdings of the company. Tilia Fiduciary Partners Inc. lifted its stake in shares of Eaton by 5.3% during the 4th quarter. Tilia Fiduciary Partners Inc. now owns 6,285 shares of the industrial products company’s stock worth $2,002,000 after purchasing an additional 319 shares during the last quarter. Bath Savings Trust Co boosted its holdings in shares of Eaton by 398.6% in the 4th quarter. Bath Savings Trust Co now owns 2,917 shares of the industrial products company’s stock valued at $929,000 after buying an additional 2,332 shares in the last quarter. Atlas Brown Inc. grew its position in shares of Eaton by 15.9% in the 4th quarter. Atlas Brown Inc. now owns 927 shares of the industrial products company’s stock worth $295,000 after buying an additional 127 shares during the last quarter. SG Americas Securities LLC lifted its position in Eaton by 438.9% during the fourth quarter. SG Americas Securities LLC now owns 364,877 shares of the industrial products company’s stock valued at $116,217,000 after acquiring an additional 297,166 shares during the last quarter. Finally, Park Place Capital Corp boosted its stake in Eaton by 5.3% in the fourth quarter. Park Place Capital Corp now owns 948 shares of the industrial products company’s stock valued at $302,000 after acquiring an additional 48 shares in the last quarter. Hedge funds and other institutional investors own 82.97% of the company’s stock.

About Eaton

(Get Free Report)

Eaton (NYSE: ETN) is a diversified power management company that designs, manufactures and distributes products and systems to manage electrical, hydraulic and mechanical power. The company’s offerings are used to improve energy efficiency, reliability and safety across a wide range of applications, with core capabilities in electrical distribution and control, industrial hydraulics and aerospace systems.

Its product portfolio includes switchgear, circuit breakers, transformers, power distribution units, uninterruptible power supplies and surge protection devices for electrical infrastructure, along with hydraulic pumps, valves and filtration systems for industrial and mobile equipment.

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