Eaton (NYSE:ETN) Given New $440.00 Price Target at JPMorgan Chase & Co.

Eaton (NYSE:ETN) had its target price upped by equities research analysts at JPMorgan Chase & Co. from $429.00 to $440.00 in a research report issued on Thursday,Benzinga reports. The brokerage presently has an “overweight” rating on the industrial products company’s stock. JPMorgan Chase & Co.‘s target price would suggest a potential upside of 16.66% from the company’s previous close.

ETN has been the subject of a number of other reports. Rothschild Redb raised Eaton to a “hold” rating in a research report on Wednesday, August 20th. Barclays boosted their price objective on Eaton from $344.00 to $362.00 and gave the stock an “equal weight” rating in a research report on Wednesday. Sanford C. Bernstein reissued an “outperform” rating and set a $396.00 price objective on shares of Eaton in a research report on Monday, July 14th. KeyCorp boosted their price objective on Eaton from $410.00 to $420.00 and gave the stock an “overweight” rating in a research report on Tuesday, October 14th. Finally, Weiss Ratings reissued a “buy (b-)” rating on shares of Eaton in a research report on Wednesday, October 8th. One equities research analyst has rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating and six have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $403.23.

Eaton Trading Down 2.1%

NYSE:ETN traded down $8.27 on Thursday, reaching $377.17. 2,235,220 shares of the company’s stock were exchanged, compared to its average volume of 2,827,768. The company has a quick ratio of 0.76, a current ratio of 1.24 and a debt-to-equity ratio of 0.47. The firm has a market capitalization of $146.83 billion, a price-to-earnings ratio of 37.94, a price-to-earnings-growth ratio of 2.77 and a beta of 1.18. The business has a fifty day moving average of $369.47 and a 200-day moving average of $350.03. Eaton has a 52-week low of $231.85 and a 52-week high of $399.56.

Eaton (NYSE:ETN) last issued its quarterly earnings results on Tuesday, November 4th. The industrial products company reported $3.07 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.06 by $0.01. Eaton had a net margin of 15.11% and a return on equity of 23.91%. The company had revenue of $6.99 billion for the quarter, compared to analyst estimates of $7.09 billion. Eaton has set its Q4 2025 guidance at 3.230-3.430 EPS. FY 2025 guidance at 11.970-12.170 EPS. As a group, analysts expect that Eaton will post 12.02 earnings per share for the current year.

Insiders Place Their Bets

In other news, Director Gerald Johnson acquired 100 shares of Eaton stock in a transaction on Friday, October 31st. The stock was bought at an average price of $384.33 per share, for a total transaction of $38,433.00. Following the completion of the purchase, the director owned 200 shares in the company, valued at $76,866. This represents a 100.00% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 0.30% of the company’s stock.

Institutional Investors Weigh In On Eaton

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Cornerstone Planning Group LLC raised its stake in shares of Eaton by 9.3% during the third quarter. Cornerstone Planning Group LLC now owns 328 shares of the industrial products company’s stock worth $126,000 after purchasing an additional 28 shares during the last quarter. MTM Investment Management LLC raised its position in Eaton by 0.6% in the third quarter. MTM Investment Management LLC now owns 4,802 shares of the industrial products company’s stock worth $1,797,000 after acquiring an additional 29 shares in the last quarter. Lyell Wealth Management LP raised its position in Eaton by 3.2% in the second quarter. Lyell Wealth Management LP now owns 975 shares of the industrial products company’s stock worth $348,000 after acquiring an additional 30 shares in the last quarter. Correct Capital Wealth Management raised its position in Eaton by 0.9% in the third quarter. Correct Capital Wealth Management now owns 3,477 shares of the industrial products company’s stock worth $1,301,000 after acquiring an additional 31 shares in the last quarter. Finally, Commonwealth Financial Services LLC raised its position in Eaton by 2.9% in the first quarter. Commonwealth Financial Services LLC now owns 1,175 shares of the industrial products company’s stock worth $319,000 after acquiring an additional 33 shares in the last quarter. Hedge funds and other institutional investors own 82.97% of the company’s stock.

About Eaton

Eaton Corporation plc operates as a power management company worldwide. The company’s Electrical Americas and Electrical Global segment provides electrical components, industrial components, power distribution and assemblies, residential products, single and three phase power quality and connectivity products, wiring devices, circuit protection products, utility power distribution products, power reliability equipment, and services, as well as hazardous duty electrical equipment, emergency lighting, fire detection, explosion-proof instrumentation, and structural support systems.