Eaton (NYSE:ETN) Stock Price Down 1.4% – Time to Sell?
by Jessica Moore · The Cerbat GemEaton Corporation, PLC (NYSE:ETN – Get Free Report)’s stock price was down 1.4% during trading on Thursday . The stock traded as low as $405.70 and last traded at $409.42. Approximately 1,514,460 shares traded hands during trading, a decline of 41% from the average daily volume of 2,565,070 shares. The stock had previously closed at $415.22.
Wall Street Analyst Weigh In
Several equities analysts recently issued reports on the company. Evercore raised Eaton from an “in-line” rating to an “outperform” rating and set a $502.00 target price on the stock in a research report on Monday, August 3rd. Citigroup lifted their price target on Eaton from $471.00 to $485.00 and gave the stock a “buy” rating in a research report on Monday, August 3rd. Robert W. Baird set a $500.00 price target on Eaton and gave the company an “outperform” rating in a research note on Thursday, August 20th. Royal Bank Of Canada raised their price objective on Eaton from $484.00 to $512.00 and gave the stock an “outperform” rating in a research note on Monday, August 3rd. Finally, Sanford C. Bernstein reaffirmed an “outperform” rating on shares of Eaton in a report on Monday, August 3rd. Two research analysts have rated the stock with a Strong Buy rating, fifteen have given a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat, Eaton presently has a consensus rating of “Buy” and an average price target of $454.18.
Get Our Latest Stock Report on ETN
Eaton Trading Up 4.1%
The stock has a market cap of $165.41 billion, a PE ratio of 43.32, a PEG ratio of 2.58 and a beta of 1.17. The company’s fifty day moving average is $416.22 and its 200-day moving average is $399.40. The company has a debt-to-equity ratio of 0.91, a current ratio of 1.24 and a quick ratio of 0.79.
Eaton (NYSE:ETN – Get Free Report) last posted its quarterly earnings results on Friday, July 31st. The industrial products company reported $3.15 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 analyst estimates of $8.16 billion. Eaton had a net margin of 12.75% and a return on equity of 24.58%. The firm’s revenue was up 21.4% on a year-over-year basis. During the same period in the prior year, the company 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. On average, analysts predict that Eaton Corporation, PLC will post 13.56 earnings per share for the current fiscal year.
Eaton Announces Dividend
The business also recently announced a quarterly dividend, which was paid on Friday, August 28th. Investors of record on Friday, August 7th were issued a dividend of $1.10 per share. This represents a $4.40 annualized dividend and a yield of 1.0%. The ex-dividend date of this dividend was Friday, August 7th. Eaton’s dividend payout ratio (DPR) is 44.76%.
Insider Activity at Eaton
In related news, Director Gerald Johnson purchased 130 shares of Eaton stock in a transaction that occurred on Thursday, August 13th. The stock was bought at an average cost of $455.90 per share, for a total transaction of $59,267.00. Following the completion of the transaction, the director owned 1,829 shares in the company, valued at $833,841.10. The trade was a 7.65% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through this link. Also, insider Adam Wadecki sold 525 shares of the business’s stock in a transaction that occurred on 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 transaction, the insider directly owned 1,054 shares of the company’s stock, valued at $464,329.16. The trade was a 33.25% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 0.10% of the stock is owned by company insiders.
Institutional Trading of Eaton
Several hedge funds and other institutional investors have recently added to or reduced their stakes in ETN. Hilton Head Capital Partners LLC acquired a new position in shares of Eaton in the fourth quarter worth about $26,000. Manning & Napier Advisors LLC acquired a new stake in shares of Eaton during the 2nd quarter valued at about $27,000. Sfam LLC acquired a new stake in shares of Eaton during the 4th quarter valued at about $27,000. Gunpowder Capital Management LLC dba Oliver Wealth Management purchased a new position in shares of Eaton in the 4th quarter valued at about $28,000. Finally, Boreal Capital Management LLC acquired a new position in Eaton in the 1st quarter worth about $33,000. Institutional investors and hedge funds own 82.97% of the company’s stock.
About Eaton
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.