Zacks Research Issues Optimistic Forecast for Eaton Earnings

Eaton Corporation, PLC (NYSE:ETN) – Analysts at Zacks Research raised their Q2 2027 earnings per share (EPS) estimates for Eaton in a report issued on Monday, September 21st. Zacks Research analyst Team now expects that the industrial products company will post earnings of $3.93 per share for the quarter, up from their previous estimate of $3.92. The consensus estimate for Eaton’s current full-year earnings is $13.56 per share. Zacks Research also issued estimates for Eaton’s Q3 2027 earnings at $4.26 EPS and FY2027 earnings at $15.83 EPS.

Eaton (NYSE:ETN) last posted its quarterly earnings results on Friday, July 31st. The industrial products company reported $3.15 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.08 by $0.07. Eaton had a net margin of 12.75% and a return on equity of 24.58%. The business had revenue of $8.53 billion during the quarter, compared to analyst estimates of $8.16 billion. During the same period in the prior year, the firm earned $2.95 earnings per share. The firm’s revenue was up 21.4% compared to the same quarter last year. Eaton has set its Q3 2026 guidance at 3.460-3.560 EPS and its FY 2026 guidance at 13.400-13.600 EPS.

A number of other research firms have also recently issued reports on ETN. Robert W. Baird set a $500.00 target price on shares of Eaton and gave the company an “outperform” rating in a research note on Thursday, August 20th. UBS Group upgraded shares of Eaton from a “neutral” rating to a “buy” rating and raised their price target for the company from $450.00 to $515.00 in a report on Monday, September 7th. BMO Capital Markets upped their price objective on shares of Eaton from $477.00 to $487.00 and gave the stock an “outperform” rating in a report on Monday, August 3rd. Evercore raised shares of Eaton from an “in-line” rating to an “outperform” rating and set a $502.00 target price on the stock in a research report on Monday, August 3rd. Finally, Weiss Ratings upgraded Eaton from a “hold (c+)” rating to a “buy (b-)” rating in a report on Friday, August 28th. Two equities research analysts have rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat, Eaton has an average rating of “Buy” and an average target price of $451.62.

Eaton Trading Up 2.4%

Shares of NYSE ETN opened at $434.93 on Tuesday. The business has a 50 day simple moving average of $416.76 and a 200 day simple moving average of $401.24. Eaton has a 52 week low of $311.92 and a 52 week high of $478.00. The stock has a market cap of $168.93 billion, a price-to-earnings ratio of 44.25, a PEG ratio of 2.57 and a beta of 1.17. The company has a debt-to-equity ratio of 0.91, a quick ratio of 0.79 and a current ratio of 1.24.

Eaton Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, August 28th. Shareholders of record on Friday, August 7th were issued a $1.10 dividend. The ex-dividend date of this dividend was Friday, August 7th. This represents a $4.40 dividend on an annualized basis and a yield of 1.0%. Eaton’s dividend payout ratio (DPR) is 44.76%.

Insiders Place Their Bets

In related news, Director Gerald Johnson purchased 130 shares of Eaton stock in a transaction on Thursday, August 13th. The stock was purchased at an average cost of $455.90 per share, with a total value of $59,267.00. Following the acquisition, the director directly owned 1,829 shares in the company, valued at approximately $833,841.10. This trade represents a 7.65% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Adam A. Wadecki sold 525 shares of Eaton stock in a transaction dated Tuesday, August 4th. The stock was sold at an average price of $440.54, for a total value of $231,283.50. Following the sale, the insider directly owned 1,054 shares in the company, valued at approximately $464,329.16. This trade represents a 33.25% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Company insiders own 0.10% of the company’s stock.

Institutional Trading of Eaton

Several institutional investors have recently bought and sold shares of ETN. Security National Bank of SO Dak acquired a new stake in shares of Eaton during the 2nd quarter worth about $26,000. Manning & Napier Advisors LLC acquired a new position in Eaton in the second quarter valued at about $27,000. Hilton Head Capital Partners LLC bought a new stake in Eaton during the fourth quarter worth about $26,000. Archer Investment Corp bought a new stake in Eaton during the second quarter worth about $35,000. Finally, Gunpowder Capital Management LLC dba Oliver Wealth Management acquired a new stake in shares of Eaton during the fourth quarter worth approximately $28,000. Institutional investors and hedge funds own 82.97% of the company’s stock.

Eaton Company Profile

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.