Eaton (NYSE:ETN) Trading Down 1.5% – Here’s What Happened

Shares of Eaton Corporation, PLC (NYSE:ETN) fell 1.5% during mid-day trading on Wednesday . The company traded as low as $415.16 and last traded at $415.9270. Approximately 1,774,753 shares changed hands during mid-day trading, a decline of 31% from the average session volume of 2,571,131 shares. The stock had previously closed at $422.13.

Analyst Ratings Changes

ETN has been the topic of a number of research reports. Robert W. Baird set a $500.00 price objective on Eaton and gave the stock an “outperform” rating in a report on Thursday, August 20th. Royal Bank Of Canada increased their target price on Eaton from $484.00 to $512.00 and gave the company an “outperform” rating in a research note on Monday, August 3rd. Citigroup raised their price objective on shares of Eaton from $471.00 to $485.00 and gave the stock a “buy” rating in a research note on Monday, August 3rd. Morgan Stanley increased their price target on shares of Eaton from $500.00 to $520.00 and gave the company an “overweight” rating in a report on Friday, August 28th. Finally, Weiss Ratings raised shares of Eaton from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Friday, August 28th. Two investment analysts have rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat, the stock has a consensus rating of “Buy” and a consensus target price of $454.18.

Eaton Stock 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 firm has a market cap of $164.36 billion, a P/E ratio of 43.02, a PEG ratio of 2.62 and a beta of 1.17. The stock’s 50 day moving average is $415.68 and its two-hundred day moving average is $399.22.

Eaton (NYSE:ETN) last released its quarterly earnings data on Friday, July 31st. The industrial products company reported $3.15 earnings per share for the quarter, beating analysts’ consensus estimates of $3.08 by $0.07. Eaton had a return on equity of 24.58% and a net margin of 12.75%.The company had revenue of $8.53 billion for the quarter, compared to the consensus estimate of $8.16 billion. During the same period in the previous year, the business earned $2.95 earnings per share. The company’s quarterly revenue was up 21.4% on a year-over-year basis. Eaton has set its Q3 2026 guidance at 3.460-3.560 EPS and its FY 2026 guidance at 13.400-13.600 EPS. As a group, equities analysts predict that Eaton Corporation, PLC will post 13.56 EPS for the current year.

Eaton Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, August 28th. Shareholders of record on Friday, August 7th were paid a dividend of $1.10 per share. This represents a $4.40 annualized dividend and a yield of 1.0%. The ex-dividend date was Friday, August 7th. Eaton’s dividend payout ratio is currently 44.76%.

Insider Buying and Selling at Eaton

In other news, Director Gerald Johnson bought 130 shares of Eaton stock in a transaction dated Thursday, August 13th. The shares were bought at an average price of $455.90 per share, for a total transaction of $59,267.00. Following the purchase, the director owned 1,829 shares of the company’s stock, valued at approximately $833,841.10. This trade represents a 7.65% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider Heath Monesmith sold 18,036 shares of the 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 owned 50,368 shares of the company’s stock, valued at $23,070,558.72. This trade represents a 26.37% decrease in their position. The SEC filing for this sale provides additional information. Company insiders own 0.10% of the company’s stock.

Institutional Investors Weigh In On Eaton

Hedge funds and other institutional investors have recently bought and sold shares of the business. North Star Investment Management Corp. lifted its position in Eaton by 0.3% during the first quarter. North Star Investment Management Corp. now owns 8,101 shares of the industrial products company’s stock valued at $2,897,000 after buying an additional 28 shares in the last quarter. Bogart Wealth LLC raised its stake in shares of Eaton by 1.3% in the 1st quarter. Bogart Wealth LLC now owns 2,184 shares of the industrial products company’s stock valued at $781,000 after acquiring an additional 29 shares during the period. Pring Turner Capital Group Inc. lifted its holdings in shares of Eaton by 0.3% during the 4th quarter. Pring Turner Capital Group Inc. now owns 10,528 shares of the industrial products company’s stock valued at $3,353,000 after acquiring an additional 30 shares in the last quarter. Ellevest Inc. lifted its holdings in shares of Eaton by 2.5% during the 4th quarter. Ellevest Inc. now owns 1,281 shares of the industrial products company’s stock valued at $408,000 after acquiring an additional 31 shares in the last quarter. Finally, Douglass Winthrop Advisors LLC boosted its position in Eaton by 1.2% during the 4th quarter. Douglass Winthrop Advisors LLC now owns 2,613 shares of the industrial products company’s stock worth $832,000 after purchasing an additional 31 shares during the period. 82.97% of the stock is owned by institutional investors and hedge funds.

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.