Gerald Johnson Buys 100 Shares of Eaton (NYSE:ETN) Stock

Eaton Corporation, PLC (NYSE:ETN) Director Gerald Johnson bought 100 shares of Eaton stock in a transaction dated Friday, October 31st. The shares were bought at an average cost of $384.33 per share, for a total transaction of $38,433.00. Following the completion of the acquisition, the director owned 200 shares in the company, valued at $76,866. This represents a 100.00% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Eaton Stock Performance

ETN opened at $385.54 on Thursday. The firm has a market cap of $150.09 billion, a P/E ratio of 38.79, a price-to-earnings-growth ratio of 2.77 and a beta of 1.18. Eaton Corporation, PLC has a 52-week low of $231.85 and a 52-week high of $399.56. The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.76 and a current ratio of 1.24. The business’s fifty day moving average is $369.47 and its 200-day moving average is $350.03.

Eaton (NYSE:ETN) last released its earnings results on Tuesday, November 4th. The industrial products company reported $3.07 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.06 by $0.01. The company had revenue of $6.99 billion for the quarter, compared to analyst estimates of $7.09 billion. Eaton had a return on equity of 23.91% and a net margin of 15.11%. Eaton has set its Q4 2025 guidance at 3.230-3.430 EPS. FY 2025 guidance at 11.970-12.170 EPS. Sell-side analysts expect that Eaton Corporation, PLC will post 12.02 EPS for the current fiscal year.

Eaton Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, November 21st. Investors of record on Thursday, November 6th will be paid a $1.04 dividend. The ex-dividend date of this dividend is Thursday, November 6th. This represents a $4.16 annualized dividend and a yield of 1.1%. Eaton’s dividend payout ratio (DPR) is 41.85%.

Institutional Trading of Eaton

A number of hedge funds have recently made changes to their positions in the company. Vanguard Group Inc. boosted its stake in shares of Eaton by 0.8% during the first quarter. Vanguard Group Inc. now owns 37,507,725 shares of the industrial products company’s stock valued at $10,195,725,000 after purchasing an additional 289,819 shares in the last quarter. Nuveen LLC bought a new position in shares of Eaton during the first quarter worth about $1,472,231,000. Goldman Sachs Group Inc. raised its position in shares of Eaton by 12.0% during the first quarter. Goldman Sachs Group Inc. now owns 3,985,735 shares of the industrial products company’s stock worth $1,083,442,000 after acquiring an additional 427,509 shares during the last quarter. Invesco Ltd. raised its position in shares of Eaton by 15.8% during the first quarter. Invesco Ltd. now owns 3,913,209 shares of the industrial products company’s stock worth $1,063,727,000 after acquiring an additional 533,774 shares during the last quarter. Finally, Alliancebernstein L.P. raised its position in shares of Eaton by 12.2% during the first quarter. Alliancebernstein L.P. now owns 3,659,851 shares of the industrial products company’s stock worth $994,857,000 after acquiring an additional 397,114 shares during the last quarter. 82.97% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

ETN has been the topic of several research analyst reports. KeyCorp raised their price objective on Eaton from $410.00 to $420.00 and gave the company an “overweight” rating in a research note on Tuesday, October 14th. Sanford C. Bernstein reaffirmed an “outperform” rating and issued a $396.00 price objective on shares of Eaton in a research note on Monday, July 14th. JPMorgan Chase & Co. raised their price objective on Eaton from $380.00 to $429.00 and gave the company an “overweight” rating in a research note on Wednesday, October 15th. Wells Fargo & Company raised their price objective on Eaton from $375.00 to $395.00 and gave the company an “equal weight” rating in a research note on Monday, October 6th. Finally, Citigroup raised their price objective on Eaton from $438.00 to $442.00 and gave the company a “buy” rating in a research note on Thursday, October 9th. 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. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $402.73.

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.