Eaton Corporation, PLC (NYSE:ETN) Receives $393.50 Average PT from Analysts

Shares of Eaton Corporation, PLC (NYSE:ETN) have been given an average rating of “Moderate Buy” by the twenty-five research firms that are currently covering the firm, MarketBeat reports. Six analysts have rated the stock with a hold rating, eighteen have assigned a buy rating and one has issued a strong buy rating on the company. The average twelve-month price objective among brokerages that have updated their coverage on the stock in the last year is $398.4545.

ETN has been the subject of a number of research analyst reports. Rothschild & Co Redburn initiated coverage on shares of Eaton in a research note on Wednesday, August 20th. They issued a “neutral” rating and a $336.00 price target for the company. Sanford C. Bernstein reissued an “outperform” rating and set a $396.00 price target on shares of Eaton in a report on Monday, July 14th. Redburn Atlantic initiated coverage on Eaton in a report on Wednesday, August 20th. They issued a “hold” rating and a $336.00 price objective for the company. Raymond James Financial increased their target price on Eaton from $380.00 to $415.00 and gave the company an “outperform” rating in a report on Thursday, August 7th. Finally, Weiss Ratings restated a “buy (b-)” rating on shares of Eaton in a research note on Wednesday, October 8th.

Eaton Stock Down 0.5%

Eaton stock opened at $373.60 on Wednesday. The firm has a market cap of $145.44 billion, a price-to-earnings ratio of 37.59, a PEG ratio of 2.67 and a beta of 1.18. The company has a current ratio of 1.24, a quick ratio of 0.76 and a debt-to-equity ratio of 0.47. Eaton has a 12 month low of $231.85 and a 12 month high of $399.56. The stock has a fifty day simple moving average of $362.63 and a two-hundred day simple moving average of $339.93.

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

Eaton Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, August 22nd. Shareholders of record on Thursday, August 7th were given a $1.04 dividend. The ex-dividend date was Thursday, August 7th. This represents a $4.16 annualized dividend and a yield of 1.1%. Eaton’s dividend payout ratio (DPR) is presently 41.85%.

Insider Buying and Selling at Eaton

In other news, insider Olivier Leonetti sold 16,018 shares of Eaton stock in a transaction 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 owned 630 shares in the company, valued at $225,785.70. This trade represents a 96.22% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. 0.30% of the stock is owned by corporate insiders.

Institutional Trading of Eaton

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. IMA Advisory Services Inc. purchased a new position in shares of Eaton during the 1st quarter valued at about $25,000. Creative Financial Designs Inc. ADV raised its stake in Eaton by 102.0% during the 1st quarter. Creative Financial Designs Inc. ADV now owns 101 shares of the industrial products company’s stock worth $27,000 after acquiring an additional 51 shares during the period. WFA of San Diego LLC purchased a new position in Eaton during the second quarter valued at approximately $36,000. Graybill Wealth Management LTD. bought a new position in shares of Eaton in the first quarter worth approximately $41,000. Finally, Saudi Central Bank purchased a new stake in shares of Eaton in the first quarter worth $42,000. Hedge funds and other institutional investors own 82.97% of the company’s stock.

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.