Eaton (NYSE:ETN) Stock Price Down 1.4% After Insider Selling

Eaton Corporation, PLC (NYSE:ETN)’s share price traded down 1.4% on Thursday following insider selling activity. The stock traded as low as $452.50 and last traded at $453.7120. 1,440,804 shares traded hands during trading, a decline of 46% from the average daily volume of 2,665,404 shares. The stock had previously closed at $459.96.

Specifically, insider Heath B. Monesmith sold 18,036 shares of Eaton stock in a transaction dated Tuesday, August 11th. The stock was sold at an average price of $458.04, for a total value of $8,261,209.44. Following the completion of the sale, the insider directly owned 50,368 shares in the company, valued at $23,070,558.72. The trade was a 26.37% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website.

Analysts Set New Price Targets

Several research analysts have issued reports on ETN shares. Morgan Stanley reiterated an “overweight” rating and set a $500.00 target price on shares of Eaton in a report on Sunday, May 10th. Citigroup upped their price target on shares of Eaton from $471.00 to $485.00 and gave the stock a “buy” rating in a research report on Monday, August 3rd. Sanford C. Bernstein reiterated an “outperform” rating on shares of Eaton in a research note on Monday, August 3rd. Royal Bank Of Canada lifted their price objective on shares of Eaton from $484.00 to $512.00 and gave the company an “outperform” rating in a report on Monday, August 3rd. Finally, BMO Capital Markets boosted their price objective on shares of Eaton from $477.00 to $487.00 and gave the stock an “outperform” rating in a research note on Monday, August 3rd. Two equities research analysts have rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and four have given a Hold rating to the stock. Based on data from MarketBeat.com, Eaton has an average rating of “Moderate Buy” and a consensus price target of $431.78.

Eaton Price Performance

The company has a quick ratio of 0.79, a current ratio of 1.24 and a debt-to-equity ratio of 0.91. The firm has a market cap of $176.22 billion, a PE ratio of 46.16, a price-to-earnings-growth ratio of 2.91 and a beta of 1.18. The stock has a 50 day moving average price of $411.84 and a two-hundred day moving average price of $391.86.

Eaton (NYSE:ETN) last announced its quarterly earnings data on Friday, July 31st. The industrial products company reported $3.15 EPS for the quarter, beating the consensus estimate of $3.08 by $0.07. The firm had revenue of $8.53 billion during the quarter, compared to analyst estimates of $8.16 billion. Eaton had a net margin of 12.75% and a return on equity of 24.58%. Eaton’s revenue was up 21.4% on a year-over-year basis. During the same period last year, the firm posted $2.95 EPS. 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 expect that Eaton Corporation, PLC will post 13.54 earnings per share for the current year.

Eaton Dividend Announcement

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

Institutional Investors Weigh In On Eaton

A number of large investors have recently made changes to their positions in ETN. Brighton Jones LLC boosted its holdings in shares of Eaton by 1.4% in the 4th quarter. Brighton Jones LLC now owns 3,341 shares of the industrial products company’s stock valued at $1,109,000 after acquiring an additional 45 shares during the last quarter. Revolve Wealth Partners LLC lifted its stake in shares of Eaton by 17.5% in the 4th quarter. Revolve Wealth Partners LLC now owns 913 shares of the industrial products company’s stock valued at $303,000 after purchasing an additional 136 shares during the period. Empowered Funds LLC boosted its holdings in Eaton by 5.6% during the first quarter. Empowered Funds LLC now owns 9,402 shares of the industrial products company’s stock worth $2,556,000 after buying an additional 496 shares in the last quarter. Vista Capital Partners Inc. acquired a new stake in Eaton during the second quarter valued at $259,000. Finally, Tandem Wealth Advisors LLC grew its position in Eaton by 70.1% during the second quarter. Tandem Wealth Advisors LLC now owns 2,216 shares of the industrial products company’s stock valued at $791,000 after buying an additional 913 shares during the period. 82.97% of the stock is owned by hedge funds and other institutional investors.

Eaton Company Profile

Eaton (NYSE: ETN) is a diversified power management company that designs, manufactures and distributes products and systems to manage electrical, hydraulic and mechanical power. The company’s offerings are used to improve energy efficiency, reliability and safety across a wide range of applications, with core capabilities in electrical distribution and control, industrial hydraulics and aerospace systems.

Its product portfolio includes switchgear, circuit breakers, transformers, power distribution units, uninterruptible power supplies and surge protection devices for electrical infrastructure, along with hydraulic pumps, valves and filtration systems for industrial and mobile equipment.