Insider Buying: Eaton (NYSE:ETN) Director Buys 200 Shares of Stock

Eaton Corporation, PLC (NYSE:ETN) Director Gerald Johnson bought 200 shares of the firm’s stock in a transaction that occurred on Tuesday, November 18th. The shares were acquired at an average cost of $339.89 per share, with a total value of $67,978.00. Following the purchase, the director directly owned 400 shares of the company’s stock, valued at $135,956. This trade represents a 100.00% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available at this link.

Gerald Johnson also recently made the following trade(s):

• On Tuesday, November 18th, Gerald Johnson purchased 200 shares of Eaton stock. The shares were bought at an average price of $339.89 per share, with a total value of $67,978.00.
• On Friday, October 31st, Gerald Johnson acquired 100 shares of Eaton stock. The shares were purchased at an average cost of $384.33 per share, for a total transaction of $38,433.00.

Eaton Stock Performance

Shares of Eaton stock traded up $7.60 on Wednesday, reaching $345.89. 2,648,769 shares of the company traded hands, compared to its average volume of 2,823,255. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.24 and a quick ratio of 0.76. The company has a 50 day moving average of $371.88 and a 200 day moving average of $355.31. Eaton Corporation, PLC has a 52 week low of $231.85 and a 52 week high of $399.56. The firm has a market capitalization of $134.34 billion, a PE ratio of 34.80, a PEG ratio of 2.77 and a beta of 1.19.

Eaton (NYSE:ETN) last announced its quarterly earnings data on Tuesday, November 4th. The industrial products company reported $3.07 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.06 by $0.01. Eaton had a return on equity of 23.91% and a net margin of 15.11%.The business had revenue of $6.99 billion for the quarter, compared to analysts’ expectations 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. Equities analysts forecast that Eaton Corporation, PLC will post 12.02 earnings per share for the current year.

Eaton Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, November 21st. Shareholders of record on Thursday, November 6th will be issued a $1.04 dividend. The ex-dividend date of this dividend is Thursday, November 6th. This represents a $4.16 annualized dividend and a dividend yield of 1.2%. Eaton’s dividend payout ratio (DPR) is presently 41.60%.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the stock. Nuveen LLC bought a new position in Eaton in the 1st quarter worth $1,472,231,000. Ameriprise Financial Inc. boosted its stake in shares of Eaton by 85.4% in the first quarter. Ameriprise Financial Inc. now owns 3,629,464 shares of the industrial products company’s stock worth $986,966,000 after acquiring an additional 1,672,175 shares during the period. Fayez Sarofim & Co grew its position in shares of Eaton by 606.3% during the first quarter. Fayez Sarofim & Co now owns 1,025,903 shares of the industrial products company’s stock worth $282,262,000 after purchasing an additional 880,656 shares in the last quarter. Invesco Ltd. raised its stake in Eaton by 15.8% during the 1st quarter. Invesco Ltd. now owns 3,913,209 shares of the industrial products company’s stock valued at $1,063,727,000 after purchasing an additional 533,774 shares during the period. Finally, Deutsche Bank AG lifted its holdings in Eaton by 31.5% in the 1st 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 in the last quarter. 82.97% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

ETN has been the subject of several research reports. KeyCorp upped their target price on shares of Eaton from $410.00 to $420.00 and gave the stock an “overweight” rating in a research report on Tuesday, October 14th. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Eaton in a research note on Wednesday, October 8th. JPMorgan Chase & Co. lifted their target price on shares of Eaton from $429.00 to $440.00 and gave the company an “overweight” rating in a report on Thursday, November 6th. Wells Fargo & Company raised their price objective on shares of 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 lifted their price target on shares of Eaton from $438.00 to $442.00 and gave the stock a “buy” rating in a research note on Thursday, October 9th. One equities research analyst has rated the stock with a Strong Buy rating, sixteen have given a Buy rating and six have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $401.50.

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.