Eaton (NYSE:ETN) Announces Earnings Results

Eaton (NYSE:ETN) issued its earnings results on Friday. The industrial products company reported $2.72 EPS for the quarter, beating the consensus estimate of $2.70 by $0.02, RTT News reports. Eaton had a net margin of 15.25% and a return on equity of 22.62%. The company had revenue of $6.38 billion during the quarter, compared to analysts’ expectations of $6.26 billion. During the same quarter in the previous year, the company posted $2.40 EPS. The business’s revenue for the quarter was up 7.3% compared to the same quarter last year. Eaton updated its FY 2025 guidance to 11.800-12.200 EPS and its Q2 2025 guidance to 2.850-2.950 EPS.

Eaton Trading Down 0.7 %

Eaton stock opened at $299.58 on Friday. The company has a market cap of $117.37 billion, a price-to-earnings ratio of 31.53, a P/E/G ratio of 2.64 and a beta of 1.09. The firm has a 50-day moving average of $281.21 and a 200-day moving average of $321.62. The company has a debt-to-equity ratio of 0.46, a current ratio of 1.50 and a quick ratio of 0.96. Eaton has a one year low of $231.85 and a one year high of $379.99.

Eaton Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, May 23rd. Shareholders of record on Monday, May 5th will be paid a $1.04 dividend. The ex-dividend date of this dividend is Monday, May 5th. This represents a $4.16 annualized dividend and a yield of 1.39%. Eaton’s payout ratio is currently 43.79%.

Analysts Set New Price Targets

A number of equities research analysts recently commented on ETN shares. JPMorgan Chase & Co. dropped their price objective on Eaton from $350.00 to $289.00 and set an “overweight” rating for the company in a report on Tuesday, April 8th. Jefferies Financial Group reduced their price objective on shares of Eaton from $390.00 to $335.00 and set a “buy” rating on the stock in a research note on Wednesday, March 12th. StockNews.com raised shares of Eaton from a “hold” rating to a “buy” rating in a research note on Wednesday. Royal Bank of Canada decreased their price target on shares of Eaton from $405.00 to $376.00 and set an “outperform” rating for the company in a report on Thursday, March 6th. Finally, Wells Fargo & Company dropped their price objective on Eaton from $335.00 to $305.00 and set an “equal weight” rating on the stock in a research note on Wednesday, March 5th. Six investment analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $354.63.

Institutional Inflows and Outflows

An institutional investor recently raised its position in Eaton stock. Brighton Jones LLC lifted its stake in shares of Eaton Co. plc (NYSE:ETN) by 1.4% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 3,341 shares of the industrial products company’s stock after purchasing an additional 45 shares during the period. Brighton Jones LLC’s holdings in Eaton were worth $1,109,000 at the end of the most recent quarter. Hedge funds and other institutional investors own 82.97% of the company’s stock.

Eaton Company Profile

Eaton Corporation plc operates as a power management company worldwide. The company’s Electrical Americas and Electrical Global segment provides electrical components, industrial components, power distribution and assemblies, residential products, single and three phase power quality and connectivity products, wiring devices, circuit protection products, utility power distribution products, power reliability equipment, and services, as well as hazardous duty electrical equipment, emergency lighting, fire detection, explosion-proof instrumentation, and structural support systems.