Eaton (NYSE:ETN) Trading Up 2.8% – Time to Buy?

by · The Cerbat Gem

Eaton Corporation, PLC (NYSE:ETN – Get Free Report) shares traded up 2.8% during trading on Tuesday . The company traded as high as $430.25 and last traded at $422.2780. Approximately 2,034,463 shares were traded during trading, a decline of 21% from the average session volume of 2,572,316 shares. The stock had previously closed at $410.85.

Wall Street Analysts Forecast Growth

ETN has been the subject of a number of research analyst reports. Sanford C. Bernstein reissued an “outperform” rating on shares of Eaton in a research report on Monday, August 3rd. Royal Bank Of Canada boosted their price objective on Eaton from $484.00 to $512.00 and gave the company an “outperform” rating in a research note on Monday, August 3rd. BMO Capital Markets raised their target price on shares of Eaton from $477.00 to $487.00 and gave the stock an “outperform” rating in a research report on Monday, August 3rd. Evercore raised shares of Eaton from an “in-line” rating to an “outperform” rating and set a $502.00 target price on the stock in a report on Monday, August 3rd. Finally, Wall Street Zen downgraded shares of Eaton from a “buy” rating to a “hold” rating in a research report on Sunday, August 16th. Three research analysts have rated the stock with a Strong Buy rating, fifteen have issued a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat, Eaton currently has a consensus rating of “Buy” and an average price target of $450.61.

View Our Latest Analysis on ETN

Eaton Price Performance

The company has a debt-to-equity ratio of 0.91, a current ratio of 1.24 and a quick ratio of 0.79. The company has a 50 day moving average price of $415.47 and a 200 day moving average price of $398.96. The firm has a market cap of $159.02 billion, a PE ratio of 41.65, a PEG ratio of 2.67 and a beta of 1.17.

Eaton (NYSE:ETN – Get Free Report) last announced 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 company had revenue of $8.53 billion for the quarter, compared to analysts’ expectations of $8.16 billion. Eaton had a net margin of 12.75% and a return on equity of 24.58%. Eaton’s revenue was up 21.4% compared to the same quarter last year. During the same period in the previous year, the company posted $2.95 EPS. Eaton has set its Q3 2026 guidance at 3.460-3.560 EPS and its FY 2026 guidance at 13.400-13.600 EPS. Sell-side analysts expect that Eaton Corporation, PLC will post 13.56 EPS for the current fiscal year.

Eaton Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, August 28th. Stockholders of record on Friday, August 7th were paid a dividend of $1.10 per share. This represents a $4.40 dividend on an annualized basis and a dividend yield of 1.1%. The ex-dividend date of this dividend was Friday, August 7th. Eaton’s dividend payout ratio is 44.76%.

Insider Activity

In related news, insider Adam A. Wadecki sold 525 shares of the firm’s stock in a transaction dated Tuesday, August 4th. The shares were sold at an average price of $440.54, for a total value of $231,283.50. Following the completion of the sale, the insider owned 1,054 shares in the company, valued at $464,329.16. This trade represents a 33.25% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Heath B. Monesmith sold 18,036 shares of the business’s stock in a transaction dated Tuesday, August 11th. The stock was sold at an average price of $458.04, for a total transaction of $8,261,209.44. Following the sale, the insider directly owned 50,368 shares in the company, valued at approximately $23,070,558.72. This represents a 26.37% decrease in their position. The SEC filing for this sale provides additional information. Insiders own 0.10% of the company’s stock.

Institutional Investors Weigh In On Eaton

A number of hedge funds and other institutional investors have recently modified their holdings of ETN. Brighton Jones LLC increased its stake in Eaton by 1.4% in the 4th quarter. Brighton Jones LLC now owns 3,341 shares of the industrial products company’s stock valued at $1,109,000 after purchasing an additional 45 shares in the last quarter. Revolve Wealth Partners LLC increased its position in shares of Eaton by 17.5% in the fourth quarter. Revolve Wealth Partners LLC now owns 913 shares of the industrial products company’s stock valued at $303,000 after buying an additional 136 shares in the last quarter. Empowered Funds LLC raised its stake in shares of Eaton by 5.6% during the 1st quarter. Empowered Funds LLC now owns 9,402 shares of the industrial products company’s stock worth $2,556,000 after buying an additional 496 shares during the last quarter. Vista Capital Partners Inc. purchased a new stake in shares of Eaton in the 2nd quarter worth about $259,000. Finally, Tandem Wealth Advisors LLC boosted its position in shares of Eaton by 70.1% in the 2nd quarter. Tandem Wealth Advisors LLC now owns 2,216 shares of the industrial products company’s stock worth $791,000 after buying an additional 913 shares in the last quarter. 82.97% of the stock is currently owned by institutional investors and hedge funds.

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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