Insider Buying: Eaton (NYSE:ETN) Director Purchases 200 Shares of Stock

Eaton Corporation, PLC (NYSE:ETN) Director Gerald Johnson acquired 200 shares of the business’s stock in a transaction dated Tuesday, November 18th. The shares were purchased at an average price 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 approximately $135,956. This represents a 100.00% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is available through this link.

Gerald Johnson also recently made the following trade(s):

• On Tuesday, November 18th, Gerald Johnson bought 200 shares of Eaton stock. The stock was purchased at an average price of $339.89 per share, for a total transaction of $67,978.00.
• On Friday, October 31st, Gerald Johnson acquired 100 shares of Eaton stock. The stock was purchased at an average cost of $384.33 per share, for a total transaction of $38,433.00.

Eaton Price Performance

Shares of NYSE ETN traded up $7.60 during midday trading on Wednesday, reaching $345.89. 2,648,769 shares of the stock traded hands, compared to its average volume of 2,823,255. The company’s 50 day moving average is $371.88 and its 200 day moving average is $355.31. Eaton Corporation, PLC has a one year low of $231.85 and a one year high of $399.56. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.24 and a quick ratio of 0.76. The stock has a market capitalization of $134.34 billion, a PE ratio of 34.80, a P/E/G ratio of 2.77 and a beta of 1.19.

Eaton (NYSE:ETN) last released its quarterly earnings results on Tuesday, November 4th. The industrial products company reported $3.07 earnings per share (EPS) for the quarter, beating 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 the consensus estimate 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. On average, equities research analysts anticipate that Eaton Corporation, PLC will post 12.02 earnings per share for the current year.

Eaton Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, November 21st. Investors of record on Thursday, November 6th will be issued a $1.04 dividend. The ex-dividend date of this dividend is Thursday, November 6th. This represents a $4.16 dividend on an annualized basis and a dividend yield of 1.2%. Eaton’s dividend payout ratio (DPR) is presently 41.60%.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on ETN shares. Raymond James Financial upped their price objective on Eaton from $380.00 to $415.00 and gave the company an “outperform” rating in a research report on Thursday, August 7th. Weiss Ratings restated a “buy (b-)” rating on shares of Eaton in a report on Wednesday, October 8th. Wall Street Zen downgraded Eaton from a “buy” rating to a “hold” rating in a research report on Saturday, September 13th. Barclays boosted their price objective on shares of Eaton from $344.00 to $362.00 and gave the company an “equal weight” rating in a research report on Wednesday, November 5th. Finally, Citigroup raised their target price on shares of Eaton from $438.00 to $442.00 and gave the stock a “buy” rating in a report on Thursday, October 9th. One investment analyst has rated the stock with a Strong Buy rating, sixteen have issued a Buy rating and six have given a Hold rating to the company. According to data from MarketBeat, Eaton presently has an average rating of “Moderate Buy” and a consensus price target of $401.50.

Institutional Trading of Eaton

Large investors have recently made changes to their positions in the stock. IMA Advisory Services Inc. purchased a new stake in Eaton in the 1st quarter valued at about $25,000. WFA of San Diego LLC purchased a new position in shares of Eaton during the second quarter worth approximately $36,000. Imprint Wealth LLC bought a new stake in shares of Eaton during the third quarter valued at approximately $39,000. Redmont Wealth Advisors LLC purchased a new stake in shares of Eaton in the third quarter valued at approximately $40,000. Finally, Saudi Central Bank bought a new position in Eaton in the first quarter worth approximately $42,000. 82.97% of the stock is owned by hedge funds and other institutional investors.

Eaton Company Profile

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.