Eaton (NYSE:ETN) Stock Rating Upgraded by Hsbc Global Res

Eaton (NYSE:ETNGet Free Report) was upgraded by research analysts at Hsbc Global Res from a “hold” rating to a “strong-buy” rating in a note issued to investors on Friday,Zacks.com reports.

Several other equities analysts have also recently issued reports on ETN. KeyCorp boosted their price target on shares of Eaton from $410.00 to $420.00 and gave the company an “overweight” rating in a research report on Tuesday, October 14th. JPMorgan Chase & Co. reduced their target price on Eaton from $440.00 to $406.00 and set an “overweight” rating on the stock in a report on Friday. Royal Bank Of Canada set a $399.00 target price on Eaton in a research note on Thursday. Wells Fargo & Company reduced their price target on Eaton from $395.00 to $340.00 and set an “equal weight” rating on the stock in a research note on Thursday, December 18th. Finally, Weiss Ratings reissued a “buy (b-)” rating on shares of Eaton in a research report on Wednesday, October 8th. Two research analysts have rated the stock with a Strong Buy rating, eighteen have given a Buy rating and seven have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $388.74.

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Eaton Trading Up 3.1%

NYSE ETN opened at $343.78 on Friday. The stock has a market cap of $133.52 billion, a P/E ratio of 34.38, a price-to-earnings-growth ratio of 2.21 and a beta of 1.20. Eaton has a fifty-two week low of $231.85 and a fifty-two week high of $399.56. The stock has a 50 day simple moving average of $334.76 and a two-hundred day simple moving average of $356.13. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.79 and a current ratio of 1.28.

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

Insider Buying and Selling

In other news, Director Gerald Johnson acquired 200 shares of the business’s stock in a transaction that occurred on Tuesday, November 18th. The shares were bought at an average cost of $339.89 per share, with a total value of $67,978.00. Following the transaction, the director owned 400 shares of the company’s stock, valued at $135,956. This trade represents a 100.00% increase in their position. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this link. Over the last quarter, insiders have bought 500 shares of company stock worth $174,389. Corporate insiders own 0.30% of the company’s stock.

Institutional Investors Weigh In On Eaton

A number of institutional investors have recently made changes to their positions in ETN. Lodestone Wealth Management LLC purchased a new position in Eaton in the 4th quarter worth approximately $86,000. Fortitude Family Office LLC raised its stake in shares of Eaton by 23.3% in the fourth quarter. Fortitude Family Office LLC now owns 751 shares of the industrial products company’s stock worth $239,000 after purchasing an additional 142 shares during the last quarter. Jaffetilchin Investment Partners LLC boosted its position in shares of Eaton by 103.7% during the fourth quarter. Jaffetilchin Investment Partners LLC now owns 2,524 shares of the industrial products company’s stock valued at $804,000 after buying an additional 1,285 shares during the last quarter. MeadowBrook Investment Advisors LLC increased its holdings in Eaton by 8.7% in the 4th quarter. MeadowBrook Investment Advisors LLC now owns 2,577 shares of the industrial products company’s stock worth $821,000 after buying an additional 207 shares in the last quarter. Finally, Silverleafe Capital Partners LLC raised its position in Eaton by 154.4% in the 4th quarter. Silverleafe Capital Partners LLC now owns 1,567 shares of the industrial products company’s stock worth $499,000 after buying an additional 951 shares during the last quarter. Hedge funds and other institutional investors own 82.97% of the company’s stock.

Key Eaton News

Here are the key news stories impacting Eaton this week:

About Eaton

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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.

Further Reading

Analyst Recommendations for Eaton (NYSE:ETN)

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