Eaton Corporation, PLC (NYSE:ETN – Get Free Report)’s stock price was up 4% during mid-day trading on Monday . The company traded as high as $412.04 and last traded at $407.1290. Approximately 2,240,585 shares traded hands during mid-day trading, a decline of 19% from the average daily volume of 2,765,346 shares. The stock had previously closed at $391.39.
Analysts Set New Price Targets
A number of research analysts recently issued reports on ETN shares. BMO Capital Markets started coverage on shares of Eaton in a research note on Friday, March 27th. They issued an “outperform” rating and a $428.00 target price on the stock. Barclays raised their target price on shares of Eaton from $340.00 to $392.00 and gave the company an “equal weight” rating in a research note on Wednesday, May 6th. Royal Bank Of Canada raised their target price on shares of Eaton from $457.00 to $484.00 and gave the company an “outperform” rating in a research note on Wednesday, May 6th. Jefferies Financial Group started coverage on shares of Eaton in a research note on Monday, March 16th. They issued a “buy” rating and a $430.00 target price on the stock. Finally, JPMorgan Chase & Co. raised their target price on shares of Eaton from $406.00 to $445.00 and gave the company an “overweight” rating in a research note on Wednesday, May 6th. Two research analysts have rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating and four have issued a Hold rating to the stock. According to MarketBeat, Eaton has an average rating of “Moderate Buy” and a consensus target price of $420.95.
Read Our Latest Research Report on Eaton
Eaton Stock Up 4.0%
Eaton (NYSE:ETN – Get Free Report) last posted its quarterly earnings results on Tuesday, May 5th. The industrial products company reported $2.81 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.73 by $0.08. The company had revenue of $7.45 billion for the quarter, compared to analyst estimates of $7.14 billion. Eaton had a net margin of 13.99% and a return on equity of 24.72%. The business’s quarterly revenue was up 16.8% on a year-over-year basis. During the same period last year, the business posted $2.72 EPS. Eaton has set its Q2 2026 guidance at 3.000-3.100 EPS and its FY 2026 guidance at 13.050-13.500 EPS. Sell-side analysts forecast that Eaton Corporation, PLC will post 13.32 earnings per share for the current year.
Eaton Dividend Announcement
The business also recently declared a quarterly dividend, which was paid on Friday, May 29th. Shareholders of record on Friday, May 8th were given a $1.10 dividend. This represents a $4.40 annualized dividend and a yield of 1.1%. The ex-dividend date was Friday, May 8th. Eaton’s dividend payout ratio (DPR) is currently 43.01%.
Insider Buying and Selling
In other news, insider Heath B. Monesmith sold 18,367 shares of Eaton stock in a transaction dated Wednesday, May 6th. The shares were sold at an average price of $409.11, for a total transaction of $7,514,123.37. Following the sale, the insider directly owned 49,822 shares in the company, valued at approximately $20,382,678.42. The trade was a 26.94% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Antonio Galvao sold 494 shares of Eaton stock in a transaction dated Wednesday, May 13th. The shares were sold at an average price of $405.86, for a total transaction of $200,494.84. Following the sale, the insider owned 9,175 shares in the company, valued at approximately $3,723,765.50. This trade represents a 5.11% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders sold 21,028 shares of company stock worth $8,614,793. 0.10% of the stock is currently owned by corporate insiders.
Institutional Trading of Eaton
Several institutional investors have recently made changes to their positions in ETN. Hilton Head Capital Partners LLC acquired a new stake in shares of Eaton during the 4th quarter valued at about $26,000. Sfam LLC acquired a new stake in shares of Eaton during the 4th quarter valued at about $27,000. Gunpowder Capital Management LLC dba Oliver Wealth Management acquired a new stake in shares of Eaton during the 4th quarter valued at about $28,000. Eagle Bay Advisors LLC acquired a new stake in shares of Eaton during the 4th quarter valued at about $29,000. Finally, Boreal Capital Management LLC acquired a new stake in shares of Eaton during the 1st quarter valued at about $33,000. 82.97% of the stock is currently owned by institutional investors and hedge funds.
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.
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