Eaton Corporation, PLC (NYSE:ETN) Receives Consensus Recommendation of “Moderate Buy” from Analysts

Shares of Eaton Corporation, PLC (NYSE:ETN) have received a consensus recommendation of “Moderate Buy” from the twenty-four analysts that are presently covering the firm, MarketBeat.com reports. Six investment analysts have rated the stock with a hold rating, seventeen have assigned a buy rating and one has issued a strong buy rating on the company. The average 1 year price target among brokers that have issued a report on the stock in the last year is $390.6818.

ETN has been the topic of several analyst reports. Raymond James Financial upped their target price on Eaton from $380.00 to $415.00 and gave the stock an “outperform” rating in a report on Thursday, August 7th. Melius Research raised shares of Eaton from a “hold” rating to a “buy” rating and upped their price target for the stock from $412.00 to $495.00 in a research report on Monday, September 15th. KeyCorp lifted their price objective on shares of Eaton from $355.00 to $410.00 and gave the company an “overweight” rating in a research report on Tuesday, July 15th. Barclays boosted their price objective on shares of Eaton from $340.00 to $344.00 and gave the stock an “equal weight” rating in a research note on Wednesday, August 6th. Finally, Sanford C. Bernstein reiterated an “outperform” rating and issued a $396.00 target price on shares of Eaton in a research note on Monday, July 14th.

Insiders Place Their Bets

In other Eaton news, insider Olivier Leonetti sold 16,018 shares of the firm’s stock in a transaction on Thursday, August 7th. The stock was sold at an average price of $358.39, for a total transaction of $5,740,691.02. Following the completion of the sale, the insider owned 630 shares of the company’s stock, valued at $225,785.70. This trade represents a 96.22% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Company insiders own 0.30% of the company’s stock.

Institutional Trading of Eaton

A number of hedge funds have recently modified their holdings of ETN. Capital A Wealth Management LLC bought a new position in Eaton in the 4th quarter valued at about $26,000. IMA Advisory Services Inc. bought a new stake in Eaton in the 1st quarter valued at $25,000. Vermillion Wealth Management Inc. acquired a new position in Eaton in the 4th quarter valued at $33,000. WFA of San Diego LLC bought a new position in Eaton during the 2nd quarter worth $36,000. Finally, Creative Financial Designs Inc. ADV boosted its position in shares of Eaton by 102.0% in the first quarter. Creative Financial Designs Inc. ADV now owns 101 shares of the industrial products company’s stock valued at $27,000 after acquiring an additional 51 shares during the period. Institutional investors and hedge funds own 82.97% of the company’s stock.

Eaton Stock Up 1.0%

Shares of Eaton stock opened at $372.20 on Friday. Eaton has a 52-week low of $231.85 and a 52-week high of $399.56. The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.76 and a current ratio of 1.24. The business’s 50 day simple moving average is $364.09 and its 200 day simple moving average is $328.97. The firm has a market cap of $144.90 billion, a PE ratio of 37.44, a P/E/G ratio of 2.63 and a beta of 1.16.

Eaton (NYSE:ETN) last issued its quarterly earnings results on Tuesday, August 5th. The industrial products company reported $2.95 earnings per share for the quarter, topping the consensus estimate of $2.92 by $0.03. The company had revenue of $7.03 billion during the quarter, compared to analysts’ expectations of $6.93 billion. Eaton had a net margin of 15.11% and a return on equity of 23.91%. The business’s quarterly revenue was up 10.7% on a year-over-year basis. During the same period last year, the business earned $2.73 EPS. Eaton has set its Q3 2025 guidance at 3.010-3.070 EPS. FY 2025 guidance at 11.970-12.170 EPS. On average, analysts predict that Eaton will post 12.02 earnings per share for the current fiscal year.

Eaton Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, August 22nd. Stockholders of record on Thursday, August 7th were paid a dividend of $1.04 per share. This represents a $4.16 annualized dividend and a dividend yield of 1.1%. The ex-dividend date was Thursday, August 7th. Eaton’s payout ratio is currently 41.85%.

About Eaton

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.