Eaton (NYSE:ETN) Releases Earnings Results, Beats Expectations By $0.01 EPS

Eaton (NYSE:ETN) issued its quarterly earnings data on Friday. The industrial products company reported $2.83 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.82 by $0.01, Zacks reports. Eaton had a net margin of 15.32% and a return on equity of 21.97%. Eaton updated its Q1 2025 guidance to 2.650-2.750 EPS and its FY 2025 guidance to 11.800-12.200 EPS.

Eaton Stock Performance

ETN traded down $1.35 during midday trading on Friday, reaching $325.75. The company had a trading volume of 2,571,539 shares, compared to its average volume of 3,444,938. The stock has a market cap of $128.74 billion, a PE ratio of 34.68, a P/E/G ratio of 2.21 and a beta of 1.06. Eaton has a 12-month low of $245.65 and a 12-month high of $379.99. The company has a debt-to-equity ratio of 0.45, a quick ratio of 1.00 and a current ratio of 1.53. The business has a 50-day moving average price of $350.25 and a two-hundred day moving average price of $331.09.

Analysts Set New Price Targets

ETN has been the subject of several research reports. Barclays lifted their price target on Eaton from $320.00 to $353.00 and gave the stock an “equal weight” rating in a report on Thursday, December 5th. Evercore ISI downgraded shares of Eaton from an “outperform” rating to an “inline” rating and lifted their price target for the company from $333.00 to $389.00 in a research report on Wednesday, November 13th. Melius Research reaffirmed a “hold” rating and issued a $373.00 price objective on shares of Eaton in a report on Tuesday. Bank of America boosted their price target on Eaton from $350.00 to $410.00 and gave the company a “buy” rating in a research note on Wednesday, November 13th. Finally, UBS Group assumed coverage on shares of Eaton in a research report on Wednesday, November 13th. They set a “buy” rating and a $431.00 price objective for the company. Six analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. Based on data from MarketBeat.com, Eaton presently has a consensus rating of “Moderate Buy” and a consensus target price of $369.30.

Insider Activity at Eaton

In other news, Director Gregory R. Page sold 10,000 shares of the business’s stock in a transaction that occurred on Friday, December 13th. The stock was sold at an average price of $355.98, for a total transaction of $3,559,800.00. Following the transaction, the director now directly owns 43,203 shares of the company’s stock, valued at approximately $15,379,403.94. The trade was a 18.80 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Craig Arnold sold 61,569 shares of the business’s stock in a transaction on Wednesday, November 6th. The shares were sold at an average price of $360.97, for a total transaction of $22,224,561.93. Following the transaction, the insider now directly owns 506,360 shares in the company, valued at approximately $182,780,769.20. The trade was a 10.84 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 72,981 shares of company stock worth $26,318,917. 0.53% of the stock is owned by corporate insiders.

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.