Eaton (NYSE:ETN) Given New $440.00 Price Target at JPMorgan Chase & Co.

Eaton (NYSE:ETN) had its price target raised by equities researchers at JPMorgan Chase & Co. from $429.00 to $440.00 in a note issued to investors on Thursday,Benzinga reports. The firm currently has an “overweight” rating on the industrial products company’s stock. JPMorgan Chase & Co.‘s target price indicates a potential upside of 16.66% from the company’s current price.

Other equities research analysts have also recently issued research reports about the stock. Wall Street Zen cut shares of Eaton from a “buy” rating to a “hold” rating in a research note on Saturday, September 13th. Sanford C. Bernstein reissued an “outperform” rating and issued a $396.00 price target on shares of Eaton in a research note on Monday, July 14th. Citigroup lifted their price target on shares of Eaton from $438.00 to $442.00 and gave the company a “buy” rating in a research note on Thursday, October 9th. Weiss Ratings reissued a “buy (b-)” rating on shares of Eaton in a research note on Wednesday, October 8th. Finally, Royal Bank Of Canada raised their price objective on Eaton from $425.00 to $432.00 and gave the company an “outperform” rating in a report on Wednesday. One investment analyst has rated the stock with a Strong Buy rating, eighteen have given a Buy rating and six have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $403.23.

Eaton Price Performance

ETN traded down $8.27 during trading on Thursday, hitting $377.17. The company’s stock had a trading volume of 2,235,220 shares, compared to its average volume of 2,827,768. 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 twelve month low of $231.85 and a twelve month high of $399.56. The business’s fifty day simple moving average is $369.47 and its 200 day simple moving average is $350.03. The firm has a market capitalization of $146.83 billion, a price-to-earnings ratio of 37.94, a P/E/G ratio of 2.77 and a beta of 1.18.

Eaton (NYSE:ETN) last issued its quarterly earnings data on Tuesday, November 4th. The industrial products company reported $3.07 EPS for the quarter, beating the consensus estimate of $3.06 by $0.01. Eaton had a return on equity of 23.91% and a net margin of 15.11%.The company had revenue of $6.99 billion for the quarter, compared to analyst estimates of $7.09 billion. Eaton has set its Q4 2025 guidance at 3.230-3.430 EPS. FY 2025 guidance at 11.970-12.170 EPS. On average, equities research analysts forecast that Eaton will post 12.02 EPS for the current fiscal year.

Insider Transactions at Eaton

In related news, Director Gerald Johnson acquired 100 shares of Eaton stock in a transaction that occurred on Friday, October 31st. The shares were purchased at an average cost of $384.33 per share, for a total transaction of $38,433.00. Following the acquisition, the director owned 200 shares in the company, valued at approximately $76,866. This represents a 100.00% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Company insiders own 0.30% of the company’s stock.

Institutional Trading of Eaton

Several institutional investors and hedge funds have recently bought and sold shares of ETN. Nuveen LLC purchased a new stake in Eaton in the 1st quarter valued at about $1,472,231,000. Ameriprise Financial Inc. raised its holdings in Eaton by 85.4% in the 1st quarter. Ameriprise Financial Inc. now owns 3,629,464 shares of the industrial products company’s stock valued at $986,966,000 after buying an additional 1,672,175 shares during the period. Fayez Sarofim & Co raised its holdings in Eaton by 606.3% in the 1st quarter. Fayez Sarofim & Co now owns 1,025,903 shares of the industrial products company’s stock valued at $282,262,000 after buying an additional 880,656 shares during the period. Invesco Ltd. increased its stake in 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 purchasing an additional 533,774 shares during the period. Finally, Deutsche Bank AG increased its stake in Eaton by 31.5% during the first quarter. Deutsche Bank AG now owns 2,043,535 shares of the industrial products company’s stock worth $555,494,000 after purchasing an additional 489,264 shares during the period. 82.97% of the stock is currently owned by hedge funds and other 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.