Citigroup Cuts Eaton (NYSE:ETN) Price Target to $435.00

Eaton (NYSE:ETN) had its target price trimmed by Citigroup from $442.00 to $435.00 in a report published on Monday,Benzinga reports. The firm currently has a buy rating on the industrial products company’s stock.

Other research analysts also recently issued reports about the company. Melius Research upgraded Eaton from a “hold” rating to a “buy” rating and lifted their target price for the company from $412.00 to $495.00 in a research note on Monday, September 15th. Royal Bank Of Canada lifted 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. Wells Fargo & Company dropped their price objective on shares of Eaton from $395.00 to $340.00 and set an “equal weight” rating on the stock in a research note on Thursday, December 18th. KeyCorp raised their target price on shares of Eaton from $410.00 to $420.00 and gave the stock an “overweight” rating in a research note on Tuesday, October 14th. Finally, Sanford C. Bernstein set a $295.00 target price on shares of Eaton in a report on Friday, December 19th. One investment analyst has rated the stock with a Strong Buy rating, seventeen have issued a Buy rating and seven have given a Hold rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $391.27.

Eaton Trading Down 0.4%

Shares of Eaton stock opened at $331.02 on Monday. The company’s fifty day moving average is $336.24 and its two-hundred day moving average is $356.39. Eaton has a 1 year low of $231.85 and a 1 year high of $399.56. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.79 and a current ratio of 1.28. The company has a market capitalization of $128.57 billion, a P/E ratio of 33.10, a PEG ratio of 2.20 and a beta of 1.20.

Eaton (NYSE:ETN) last announced its earnings results on Tuesday, November 4th. The industrial products company reported $3.07 earnings per share for the quarter, topping the consensus estimate of $3.06 by $0.01. Eaton had a net margin of 14.74% and a return on equity of 24.36%. The business 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. Analysts forecast that Eaton will post 12.02 earnings per share for the current year.

Eaton Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, November 21st. Investors of record on Thursday, November 6th were issued a dividend of $1.04 per share. The ex-dividend date of this dividend was Thursday, November 6th. This represents a $4.16 dividend on an annualized basis and a yield of 1.3%. Eaton’s payout ratio is currently 41.60%.

Insiders Place Their Bets

In related news, Director Gerald Johnson bought 200 shares of the company’s stock in a transaction on Tuesday, November 18th. The stock was bought at an average cost of $339.89 per share, with a total value of $67,978.00. Following the completion of the acquisition, the director owned 400 shares in the company, valued at approximately $135,956. This represents a 100.00% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Insiders have bought 500 shares of company stock worth $174,389 in the last quarter. Corporate insiders own 0.30% of the company’s stock.

Hedge Funds Weigh In On Eaton

Several hedge funds have recently bought and sold shares of the company. WFA of San Diego LLC purchased a new stake in Eaton during the second quarter worth $36,000. Imprint Wealth LLC acquired a new stake in Eaton in the 3rd quarter valued at about $39,000. Redmont Wealth Advisors LLC purchased a new position in shares of Eaton during the 3rd quarter worth approximately $40,000. SOA Wealth Advisors LLC. raised its position in shares of Eaton by 36.0% during the 2nd quarter. SOA Wealth Advisors LLC. now owns 136 shares of the industrial products company’s stock worth $49,000 after purchasing an additional 36 shares during the last quarter. Finally, Salomon & Ludwin LLC lifted its stake in Eaton by 142.3% in the 2nd quarter. Salomon & Ludwin LLC now owns 172 shares of the industrial products company’s stock valued at $62,000 after buying an additional 101 shares in the last quarter. 82.97% of the stock is owned by hedge funds and other institutional investors.

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.