Insider Selling: Eaton (NYSE:ETN) Insider Sells 494 Shares of Stock

Eaton Corporation, PLC (NYSE:ETN) insider Antonio Galvao sold 494 shares of the stock in a transaction on Wednesday, May 13th. The shares were sold at an average price of $405.86, for a total value of $200,494.84. Following the completion of the transaction, the insider owned 9,175 shares of the company’s stock, valued at $3,723,765.50. The trade was a 5.11% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink.

Eaton Price Performance

Shares of ETN traded up $0.95 during trading hours on Thursday, reaching $407.89. The stock had a trading volume of 2,009,582 shares, compared to its average volume of 2,815,698. Eaton Corporation, PLC has a 12 month low of $311.90 and a 12 month high of $435.43. The stock has a market capitalization of $158.38 billion, a PE ratio of 39.87, a PEG ratio of 2.58 and a beta of 1.24. The company has a debt-to-equity ratio of 0.94, a quick ratio of 0.75 and a current ratio of 1.19. The company’s 50-day moving average is $382.82 and its two-hundred day moving average is $361.77.

Eaton (NYSE:ETN) last announced its quarterly earnings results on Tuesday, May 5th. The industrial products company reported $2.81 EPS for the quarter, beating analysts’ consensus estimates of $2.73 by $0.08. Eaton had a return on equity of 24.72% and a net margin of 13.99%.The company had revenue of $7.45 billion during the quarter, compared to analysts’ expectations of $7.14 billion. During the same period in the prior year, the company earned $2.72 EPS. Eaton’s revenue was up 16.8% compared to the same quarter last year. Eaton has set its Q2 2026 guidance at 3.000-3.100 EPS and its FY 2026 guidance at 13.050-13.500 EPS. Research analysts expect that Eaton Corporation, PLC will post 13.32 EPS for the current year.

Eaton Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, May 29th. Stockholders of record on Friday, May 8th will be paid a $1.10 dividend. This represents a $4.40 dividend on an annualized basis and a dividend yield of 1.1%. The ex-dividend date is Friday, May 8th. Eaton’s dividend payout ratio is presently 43.01%.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the business. Jones Financial Companies Lllp raised its position in shares of Eaton by 9.9% in the 3rd quarter. Jones Financial Companies Lllp now owns 45,998 shares of the industrial products company’s stock worth $16,830,000 after acquiring an additional 4,156 shares in the last quarter. Mediolanum International Funds Ltd raised its position in shares of Eaton by 14.2% in the 3rd quarter. Mediolanum International Funds Ltd now owns 121,162 shares of the industrial products company’s stock worth $44,485,000 after acquiring an additional 15,048 shares in the last quarter. Aventura Private Wealth LLC bought a new position in shares of Eaton in the 4th quarter worth about $1,339,000. Cullen Frost Bankers Inc. raised its position in shares of Eaton by 6.0% in the 3rd quarter. Cullen Frost Bankers Inc. now owns 162,634 shares of the industrial products company’s stock worth $60,866,000 after acquiring an additional 9,233 shares in the last quarter. Finally, Ransom Advisory Ltd bought a new position in shares of Eaton in the 4th quarter worth about $3,881,000. 82.97% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of analysts recently weighed in on the company. Wells Fargo & Company increased their price objective on Eaton from $350.00 to $425.00 and gave the company an “equal weight” rating in a report on Wednesday, May 6th. Jefferies Financial Group assumed coverage on Eaton in a report on Monday, March 16th. They issued a “buy” rating and a $430.00 price objective for the company. Royal Bank Of Canada increased their price objective on Eaton from $457.00 to $484.00 and gave the company an “outperform” rating in a report on Wednesday, May 6th. JPMorgan Chase & Co. increased 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. Finally, Weiss Ratings upgraded Eaton from a “buy (b-)” rating to a “buy (b)” rating in a report on Monday, May 4th. Two equities research analysts have rated the stock with a Strong Buy rating, fifteen have given a Buy rating and five have issued a Hold rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $420.95.

Eaton Company Profile

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.