Eaton (NYSE:ETN) Shares Down 1.4% – Time to Sell?

Eaton Corporation, PLC (NYSE:ETN) shares dropped 1.4% during trading on Thursday . The company traded as low as $405.70 and last traded at $409.42. 1,514,460 shares were traded during trading, a decline of 41% from the average session volume of 2,565,070 shares. The stock had previously closed at $415.22.

Wall Street Analyst Weigh In

Several brokerages have issued reports on ETN. Citigroup upped their price target on shares of Eaton from $471.00 to $485.00 and gave the company a “buy” rating in a report on Monday, August 3rd. UBS Group upgraded Eaton from a “neutral” rating to a “buy” rating and upped their price target for the stock from $450.00 to $515.00 in a research note on Monday. Robert W. Baird set a $500.00 price target on shares of Eaton and gave the company an “outperform” rating in a research report on Thursday, August 20th. BMO Capital Markets increased their price target on Eaton from $477.00 to $487.00 and gave the company an “outperform” rating in a report on Monday, August 3rd. Finally, Evercore upgraded Eaton from an “in-line” rating to an “outperform” rating and set a $502.00 target price for the company in a research note on Monday, August 3rd. Three analysts have rated the stock with a Strong Buy rating, fifteen have issued a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Buy” and an average target price of $450.61.

Eaton Stock Down 1.4%

The company has a market capitalization of $159.02 billion, a PE ratio of 41.65, a P/E/G ratio of 2.67 and a beta of 1.17. The company has a debt-to-equity ratio of 0.91, a quick ratio of 0.79 and a current ratio of 1.24. The firm has a fifty day simple moving average of $415.47 and a 200-day simple moving average of $398.96.

Eaton (NYSE:ETN) last issued its quarterly earnings results on Friday, July 31st. The industrial products company reported $3.15 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.08 by $0.07. The business had revenue of $8.53 billion during the quarter, compared to analyst estimates of $8.16 billion. Eaton had a net margin of 12.75% and a return on equity of 24.58%. The business’s revenue was up 21.4% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $2.95 earnings per share. Eaton has set its Q3 2026 guidance at 3.460-3.560 EPS and its FY 2026 guidance at 13.400-13.600 EPS. Equities research analysts anticipate that Eaton Corporation, PLC will post 13.56 EPS for the current fiscal year.

Eaton Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, August 28th. Shareholders of record on Friday, August 7th were issued a $1.10 dividend. This represents a $4.40 dividend on an annualized basis and a yield of 1.1%. The ex-dividend date of this dividend was Friday, August 7th. Eaton’s payout ratio is currently 44.76%.

Insiders Place Their Bets

In other Eaton news, Director Gerald Johnson purchased 130 shares of Eaton stock in a transaction dated Thursday, August 13th. The shares were bought at an average cost of $455.90 per share, for a total transaction of $59,267.00. Following the transaction, the director owned 1,829 shares in the company, valued at $833,841.10. This represents a 7.65% increase in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Adam Wadecki sold 525 shares of Eaton stock in a transaction that occurred on Tuesday, August 4th. The shares were sold at an average price of $440.54, for a total value of $231,283.50. Following the completion of the transaction, the insider owned 1,054 shares of the company’s stock, valued at approximately $464,329.16. The trade was a 33.25% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 0.10% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Eaton

A number of institutional investors have recently added to or reduced their stakes in the company. Tortoise Investment Management LLC bought a new stake in Eaton during the second quarter worth approximately $274,000. Sequoia Financial Advisors LLC raised its position in Eaton by 6.6% during the second quarter. Sequoia Financial Advisors LLC now owns 175,147 shares of the industrial products company’s stock valued at $74,634,000 after buying an additional 10,831 shares during the period. Cahill Financial Advisors Inc. acquired a new stake in Eaton during the 2nd quarter worth about $223,000. Scholtz & Company LLC increased its holdings in shares of Eaton by 18.2% in the 2nd quarter. Scholtz & Company LLC now owns 12,215 shares of the industrial products company’s stock valued at $5,205,000 after purchasing an additional 1,884 shares during the period. Finally, Archford Capital Strategies LLC boosted its holdings in shares of Eaton by 8.8% during the second quarter. Archford Capital Strategies LLC now owns 669 shares of the industrial products company’s stock worth $285,000 after purchasing an additional 54 shares during the period. 82.97% of the stock is currently owned by institutional investors and hedge funds.

Eaton Company Profile

Eaton plc is a power management company that helps businesses, utilities, data centers, industrial facilities and other customers manage electrical, hydraulic and mechanical power more safely and efficiently. Its products and systems support power distribution, circuit protection, power quality, backup power, industrial automation and energy management.

The company also supplies aerospace systems, including hydraulic, fuel, motion-control and air-management equipment, as well as components and systems for commercial and military aircraft.