Eaton Corporation, PLC (NYSE:ETN) Given Consensus Recommendation of “Moderate Buy” by Brokerages

Eaton Corporation, PLC (NYSE:ETN) has earned an average rating of “Moderate Buy” from the twenty ratings firms that are currently covering the company, MarketBeat Ratings reports. Five equities research analysts have rated the stock with a hold rating, thirteen have given a buy rating and two have assigned a strong buy rating to the company. The average 1-year price target among brokers that have covered the stock in the last year is $431.7778.

Several research firms have recently weighed in on ETN. Royal Bank Of Canada raised their target price on Eaton from $484.00 to $512.00 and gave the company an “outperform” rating in a research report on Monday, August 3rd. BMO Capital Markets boosted their price target on Eaton from $477.00 to $487.00 and gave the stock an “outperform” rating in a research report on Monday, August 3rd. JPMorgan Chase & Co. raised their price objective on Eaton from $406.00 to $445.00 and gave the company an “overweight” rating in a report on Wednesday, May 6th. Barclays lifted their target price on shares of Eaton from $340.00 to $392.00 and gave the stock an “equal weight” rating in a research note on Wednesday, May 6th. Finally, Wells Fargo & Company upped their target price on shares of Eaton from $350.00 to $425.00 and gave the stock an “equal weight” rating in a report on Wednesday, May 6th.

Insider Buying and Selling at Eaton

In other news, insider Heath B. Monesmith sold 18,036 shares of the company’s stock in a transaction that occurred on Tuesday, August 11th. The stock was sold at an average price of $458.04, for a total value of $8,261,209.44. Following the completion of the sale, the insider directly owned 50,368 shares in the company, valued at $23,070,558.72. This represents a 26.37% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Dorothy C. Thompson sold 167 shares of the stock in a transaction that occurred on Friday, May 22nd. The shares were sold at an average price of $385.00, for a total value of $64,295.00. Following the completion of the sale, the director directly owned 1,096 shares of the company’s stock, valued at approximately $421,960. This represents a 13.22% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 18,728 shares of company stock worth $8,556,788 in the last quarter. Insiders own 0.10% of the company’s stock.

Institutional Trading of Eaton

Several large investors have recently added to or reduced their stakes in ETN. North Star Investment Management Corp. grew its holdings in shares of Eaton by 0.3% in the first quarter. North Star Investment Management Corp. now owns 8,101 shares of the industrial products company’s stock valued at $2,897,000 after purchasing an additional 28 shares during the period. Bogart Wealth LLC increased its holdings in Eaton by 1.3% in the 1st quarter. Bogart Wealth LLC now owns 2,184 shares of the industrial products company’s stock valued at $781,000 after purchasing an additional 29 shares during the last quarter. Pring Turner Capital Group Inc. grew its stake in shares of Eaton by 0.3% in the fourth quarter. Pring Turner Capital Group Inc. now owns 10,528 shares of the industrial products company’s stock valued at $3,353,000 after buying an additional 30 shares in the last quarter. Ellevest Inc. increased its stake in Eaton by 2.5% during the fourth quarter. Ellevest Inc. now owns 1,281 shares of the industrial products company’s stock worth $408,000 after purchasing an additional 31 shares during the period. Finally, Douglass Winthrop Advisors LLC lifted its position in shares of Eaton by 1.2% during the fourth quarter. Douglass Winthrop Advisors LLC now owns 2,613 shares of the industrial products company’s stock worth $832,000 after purchasing an additional 31 shares in the last quarter. 82.97% of the stock is currently owned by hedge funds and other institutional investors.

Eaton Stock Up 1.2%

ETN opened at $457.04 on Tuesday. Eaton has a twelve month low of $311.92 and a twelve month high of $478.00. The company has a quick ratio of 0.79, a current ratio of 1.24 and a debt-to-equity ratio of 0.91. The company has a 50-day moving average price of $414.72 and a 200 day moving average price of $394.38. The company has a market cap of $177.51 billion, a PE ratio of 46.49, a price-to-earnings-growth ratio of 2.86 and a beta of 1.18.

Eaton (NYSE:ETN) last posted its quarterly earnings data on Friday, July 31st. The industrial products company reported $3.15 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.08 by $0.07. Eaton had a return on equity of 24.58% and a net margin of 12.75%.The company had revenue of $8.53 billion for the quarter, compared to analysts’ expectations of $8.16 billion. During the same period in the previous year, the firm posted $2.95 EPS. Eaton’s revenue was up 21.4% compared to the same quarter last year. Eaton has set its Q3 2026 guidance at 3.460-3.560 EPS and its FY 2026 guidance at 13.400-13.600 EPS. Sell-side analysts expect that Eaton will post 13.54 earnings per share for the current fiscal year.

Eaton Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, August 28th. Investors of record on Friday, August 7th will be paid a dividend of $1.10 per share. This represents a $4.40 annualized dividend and a yield of 1.0%. The ex-dividend date of this dividend is Friday, August 7th. Eaton’s dividend payout ratio is currently 44.76%.

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.