Brokerages Set Eaton Corporation, PLC (NYSE:ETN) Target Price at $423.00

Shares of Eaton Corporation, PLC (NYSE:ETN) have been assigned an average rating of “Moderate Buy” from the twenty research firms that are currently covering the company, MarketBeat.com reports. Four equities research analysts have rated the stock with a hold recommendation, fourteen have assigned a buy recommendation and two have assigned a strong buy recommendation to the company. The average 1-year target price among analysts that have updated their coverage on the stock in the last year is $423.00.

A number of brokerages recently issued reports on ETN. Royal Bank Of Canada boosted their price target on Eaton from $457.00 to $484.00 and gave the company an “outperform” rating in a report on Wednesday, May 6th. JPMorgan Chase & Co. lifted their target price on Eaton from $406.00 to $445.00 and gave the company an “overweight” rating in a research report on Wednesday, May 6th. Evercore set a $453.00 target price on Eaton in a report on Monday, May 11th. KeyCorp increased their price target on Eaton from $420.00 to $480.00 and gave the stock an “overweight” rating in a research report on Wednesday, May 6th. Finally, Morgan Stanley restated an “overweight” rating and set a $500.00 price target on shares of Eaton in a research note on Sunday, May 10th.

Insider Buying and Selling at Eaton

In other news, insider Peter Denk sold 2,000 shares of the business’s stock in a transaction dated Wednesday, May 6th. The shares were sold at an average price of $417.94, for a total value of $835,880.00. Following the completion of the sale, the insider owned 7,102 shares in the company, valued at approximately $2,968,209.88. The trade was a 21.97% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Antonio Galvao sold 494 shares of the company’s stock in a transaction that occurred on Wednesday, May 13th. The stock was sold at an average price of $405.86, for a total transaction of $200,494.84. Following the completion of the sale, the insider directly owned 9,175 shares of the company’s stock, valued at $3,723,765.50. The trade was a 5.11% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders have sold 21,028 shares of company stock worth $8,614,793. 0.10% of the stock is currently owned by company insiders.

Institutional Trading of Eaton

Several hedge funds and other institutional investors have recently bought and sold shares of ETN. Rise Advisors LLC raised its position in shares of Eaton by 3.9% in the 2nd quarter. Rise Advisors LLC now owns 1,359 shares of the industrial products company’s stock worth $579,000 after acquiring an additional 51 shares in the last quarter. Stonekeep Investments LLC bought a new stake in Eaton during the second quarter valued at about $213,000. Allied Private Wealth LLC purchased a new position in Eaton in the second quarter valued at about $81,000. Valeo Financial Advisors LLC raised its holdings in Eaton by 6.8% in the second quarter. Valeo Financial Advisors LLC now owns 9,793 shares of the industrial products company’s stock worth $4,170,000 after purchasing an additional 623 shares in the last quarter. Finally, Red Spruce Capital LLC raised its holdings in Eaton by 0.9% in the second quarter. Red Spruce Capital LLC now owns 15,567 shares of the industrial products company’s stock worth $6,633,000 after purchasing an additional 132 shares in the last quarter. Institutional investors own 82.97% of the company’s stock.

Eaton Trading Up 2.0%

Shares of ETN opened at $415.24 on Friday. Eaton has a 1-year low of $311.92 and a 1-year high of $436.74. The company has a 50-day moving average of $403.93 and a 200 day moving average of $382.70. The firm has a market capitalization of $161.24 billion, a price-to-earnings ratio of 40.59, a PEG ratio of 2.61 and a beta of 1.18. The company has a debt-to-equity ratio of 0.94, a current ratio of 1.19 and a quick ratio of 0.75.

Eaton (NYSE:ETN) last issued its earnings results on Tuesday, May 5th. The industrial products company reported $2.81 EPS for the quarter, topping analysts’ consensus estimates of $2.73 by $0.08. The business had revenue of $7.45 billion for the quarter, compared to the consensus estimate of $7.14 billion. Eaton had a net margin of 13.99% and a return on equity of 24.72%. The company’s revenue for the quarter was up 16.8% compared to the same quarter last year. During the same period in the prior year, the firm earned $2.72 EPS. Eaton has set its Q2 2026 guidance at 3.000-3.100 EPS and its FY 2026 guidance at 13.050-13.500 EPS. On average, research analysts expect that Eaton will post 13.35 EPS for the current year.

Eaton Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, August 28th. Shareholders of record on Friday, August 7th will be issued a dividend of $1.10 per share. This represents a $4.40 annualized dividend and a yield of 1.1%. The ex-dividend date is Friday, August 7th. Eaton’s dividend payout ratio is presently 43.01%.

About Eaton

Eaton (NYSE: ETN) is a diversified power management company that designs, manufactures and distributes products and systems to manage electrical, hydraulic and mechanical power. The company’s offerings are used to improve energy efficiency, reliability and safety across a wide range of applications, with core capabilities in electrical distribution and control, industrial hydraulics and aerospace systems.

Its product portfolio includes switchgear, circuit breakers, transformers, power distribution units, uninterruptible power supplies and surge protection devices for electrical infrastructure, along with hydraulic pumps, valves and filtration systems for industrial and mobile equipment.