Eaton Sees Unusually Large Options Volume (NYSE:ETN)

Eaton Corporation, PLC (NYSE:ETN) saw unusually large options trading on Tuesday. Stock investors purchased 6,869 put options on the company. This represents an increase of approximately 56% compared to the average volume of 4,415 put options.

Insider Transactions at Eaton

In other Eaton news, Director Gerald Johnson bought 200 shares of Eaton stock in a transaction that occurred on Tuesday, November 18th. The stock was acquired at an average cost of $339.89 per share, for a total transaction of $67,978.00. Following the completion of the transaction, the director directly owned 400 shares in the company, valued at $135,956. This represents a 100.00% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through this link. Insiders acquired a total of 500 shares of company stock worth $174,389 over the last three months. 0.30% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Eaton

Hedge funds and other institutional investors have recently modified their holdings of the company. Farmers National Bank purchased a new position in Eaton during the 3rd quarter valued at about $1,530,000. Saranac Partners Ltd bought a new stake in shares of Eaton in the 3rd quarter worth approximately $264,000. Oarsman Capital Inc. purchased a new position in shares of Eaton during the third quarter valued at approximately $201,000. Sunbelt Securities Inc. raised its holdings in shares of Eaton by 43.9% during the third quarter. Sunbelt Securities Inc. now owns 3,245 shares of the industrial products company’s stock valued at $1,214,000 after acquiring an additional 990 shares in the last quarter. Finally, Captrust Financial Advisors lifted its stake in Eaton by 1.7% in the third quarter. Captrust Financial Advisors now owns 61,290 shares of the industrial products company’s stock worth $22,938,000 after acquiring an additional 1,001 shares during the period. 82.97% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several research analysts have recently commented on the company. KeyCorp boosted their price objective on Eaton from $410.00 to $420.00 and gave the stock an “overweight” rating in a report on Tuesday, October 14th. Weiss Ratings reissued a “buy (b-)” rating on shares of Eaton in a research note on Wednesday, October 8th. Royal Bank Of Canada raised their price objective on shares of Eaton from $425.00 to $432.00 and gave the company an “outperform” rating in a research report on Wednesday, November 5th. JPMorgan Chase & Co. upped their target price on shares of Eaton from $429.00 to $440.00 and gave the stock an “overweight” rating in a research report on Thursday, November 6th. Finally, Citigroup increased their target price on Eaton from $438.00 to $442.00 and gave the company a “buy” rating in a research note on Thursday, October 9th. One research analyst has rated the stock with a Strong Buy rating, seventeen have issued a Buy rating and six have given a Hold rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $402.05.

Eaton Trading Down 1.7%

Shares of NYSE:ETN traded down $5.83 on Tuesday, reaching $327.38. 1,196,057 shares of the company traded hands, compared to its average volume of 2,827,327. The company has a current ratio of 1.28, a quick ratio of 0.79 and a debt-to-equity ratio of 0.46. The business’s 50-day simple moving average is $359.87 and its 200 day simple moving average is $357.88. The stock has a market capitalization of $127.16 billion, a P/E ratio of 32.75, a price-to-earnings-growth ratio of 2.40 and a beta of 1.17. Eaton has a 52 week low of $231.85 and a 52 week high of $399.56.

Eaton (NYSE:ETN) last announced its quarterly earnings data on Tuesday, November 4th. The industrial products company reported $3.07 earnings per share for the quarter, beating the consensus estimate of $3.06 by $0.01. Eaton had a return on equity of 24.36% and a net margin of 14.74%.The firm had revenue of $6.99 billion during the quarter, compared to the consensus estimate of $7.09 billion. Eaton has set its Q4 2025 guidance at 3.230-3.430 EPS and its FY 2025 guidance at 11.970-12.170 EPS. As a group, equities analysts anticipate that Eaton will post 12.02 EPS for the current fiscal year.

Eaton Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, November 21st. Shareholders of record on Thursday, November 6th were issued a $1.04 dividend. This represents a $4.16 dividend on an annualized basis and a yield of 1.3%. The ex-dividend date of this dividend was Thursday, November 6th. Eaton’s dividend payout ratio (DPR) is 41.60%.

About Eaton

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.