Eaton (NYSE:ETN) Stock Price Expected to Rise, Wells Fargo & Company Analyst Says

Eaton (NYSE:ETN) had its price target lifted by equities research analysts at Wells Fargo & Company from $375.00 to $395.00 in a report issued on Monday,Benzinga reports. The brokerage currently has an “equal weight” rating on the industrial products company’s stock. Wells Fargo & Company‘s price target would suggest a potential upside of 6.41% from the stock’s current price.

A number of other equities analysts also recently commented on ETN. KeyCorp upped their target price on shares of Eaton from $355.00 to $410.00 and gave the stock an “overweight” rating in a research note on Tuesday, July 15th. Barclays raised their target price on shares of Eaton from $340.00 to $344.00 and gave the stock an “equal weight” rating in a research report on Wednesday, August 6th. Morgan Stanley raised their target price on shares of Eaton from $375.00 to $425.00 and gave the stock an “overweight” rating in a research report on Wednesday, August 6th. Wall Street Zen lowered shares of Eaton from a “buy” rating to a “hold” rating in a research report on Saturday, September 13th. Finally, Daiwa Capital Markets began coverage on shares of Eaton in a research report on Thursday, September 11th. They set an “outperform” rating and a $390.00 target price on the stock. One analyst has rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating and six have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, Eaton currently has a consensus rating of “Moderate Buy” and an average price target of $392.27.

Eaton Stock Performance

Eaton stock opened at $371.19 on Monday. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.24 and a quick ratio of 0.76. Eaton has a 1-year low of $231.85 and a 1-year high of $399.56. The firm has a market capitalization of $144.50 billion, a P/E ratio of 37.34, a price-to-earnings-growth ratio of 2.71 and a beta of 1.18. The company’s 50-day moving average is $362.13 and its 200 day moving average is $334.34.

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

Insider Activity

In other news, insider Olivier Leonetti sold 16,018 shares of the stock in a transaction that occurred on Thursday, August 7th. The shares were sold at an average price of $358.39, for a total transaction of $5,740,691.02. Following the transaction, the insider directly owned 630 shares in the company, valued at approximately $225,785.70. This trade represents a 96.22% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 0.30% of the company’s stock.

Hedge Funds Weigh In On Eaton

A number of hedge funds and other institutional investors have recently modified their holdings of ETN. IMA Advisory Services Inc. acquired a new stake in Eaton in the first quarter valued at approximately $25,000. WFA of San Diego LLC acquired a new stake in Eaton in the second quarter valued at approximately $36,000. Creative Financial Designs Inc. ADV boosted its stake in 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 in the last quarter. SOA Wealth Advisors LLC. boosted its stake in Eaton by 36.0% in the second quarter. SOA Wealth Advisors LLC. now owns 136 shares of the industrial products company’s stock valued at $49,000 after acquiring an additional 36 shares in the last quarter. Finally, Abound Wealth Management boosted its stake in Eaton by 73.8% in the first quarter. Abound Wealth Management now owns 146 shares of the industrial products company’s stock valued at $40,000 after acquiring an additional 62 shares in the last quarter. 82.97% of the stock is currently owned by institutional investors.

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.