Eaton Corporation, PLC (NYSE:ETN – Get Free Report) hit a new 52-week high on Monday . The stock traded as high as $435.64 and last traded at $434.89, with a volume of 1112819 shares changing hands. The stock had previously closed at $421.77.
Wall Street Analyst Weigh In
ETN has been the subject of several recent research reports. BMO Capital Markets assumed coverage on shares of Eaton in a research note on Friday, March 27th. They issued an “outperform” rating and a $428.00 target price for the company. Erste Group Bank started coverage on Eaton in a research note on Tuesday, May 5th. They set a “buy” rating on the stock. Morgan Stanley reaffirmed an “overweight” rating and set a $500.00 target price on shares of Eaton in a report on Sunday, May 10th. Weiss Ratings downgraded shares of Eaton from a “buy (b)” rating to a “buy (b-)” rating in a report on Monday, May 18th. Finally, Royal Bank Of Canada raised their price objective on shares of Eaton from $457.00 to $484.00 and gave the company an “outperform” rating in a research report on Wednesday, May 6th. Two investment analysts have rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating and four have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $420.95.
Read Our Latest Stock Analysis on ETN
Eaton Price Performance
Eaton (NYSE:ETN – Get Free Report) last released its quarterly earnings results on Tuesday, May 5th. The industrial products company reported $2.81 earnings per share for the quarter, beating analysts’ consensus estimates of $2.73 by $0.08. The business had revenue of $7.45 billion for the quarter, compared to the consensus estimate of $7.14 billion. Eaton had a return on equity of 24.72% and a net margin of 13.99%.The company’s revenue for the quarter was up 16.8% on a year-over-year basis. During the same quarter last year, the business posted $2.72 earnings per share. Eaton has set its Q2 2026 guidance at 3.000-3.100 EPS and its FY 2026 guidance at 13.050-13.500 EPS. As a group, sell-side analysts predict that Eaton Corporation, PLC will post 13.32 earnings per share for the current fiscal year.
Eaton Announces Dividend
The firm also recently announced a quarterly dividend, which was paid on Friday, May 29th. Investors of record on Friday, May 8th were given a $1.10 dividend. This represents a $4.40 dividend on an annualized basis and a yield of 1.0%. The ex-dividend date was Friday, May 8th. Eaton’s dividend payout ratio (DPR) is presently 43.01%.
Insider Buying and Selling
In related news, insider Antonio Galvao sold 494 shares of the firm’s stock in a transaction dated Wednesday, May 13th. The stock was sold at an average price of $405.86, for a total value of $200,494.84. Following the sale, the insider directly owned 9,175 shares of the company’s stock, valued at $3,723,765.50. This trade represents a 5.11% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Dorothy C. Thompson sold 167 shares of the business’s stock in a transaction on Friday, May 22nd. The shares were sold at an average price of $385.00, for a total transaction of $64,295.00. Following the transaction, the director directly owned 1,096 shares in the company, valued at approximately $421,960. The trade was a 13.22% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 21,028 shares of company stock worth $8,614,793 in the last 90 days. 0.10% of the stock is currently owned by company insiders.
Institutional Trading of Eaton
Hedge funds and other institutional investors have recently modified their holdings of the business. Farmers National Bank grew its holdings in shares of Eaton by 78.4% during the first quarter. Farmers National Bank now owns 12,360 shares of the industrial products company’s stock valued at $4,421,000 after buying an additional 5,433 shares during the last quarter. Evansbrook LLC purchased a new stake in Eaton during the 1st quarter valued at $778,000. Parallel Advisors LLC increased its holdings in shares of Eaton by 5.3% in the 1st quarter. Parallel Advisors LLC now owns 9,156 shares of the industrial products company’s stock worth $3,275,000 after purchasing an additional 459 shares in the last quarter. Glenmede Trust Co. NA raised its stake in shares of Eaton by 1.1% in the first quarter. Glenmede Trust Co. NA now owns 108,949 shares of the industrial products company’s stock worth $38,968,000 after purchasing an additional 1,199 shares during the last quarter. Finally, Argent Capital Management LLC lifted its holdings in shares of Eaton by 33.6% during the first quarter. Argent Capital Management LLC now owns 162,990 shares of the industrial products company’s stock valued at $58,297,000 after purchasing an additional 40,985 shares in the last quarter. 82.97% of the stock is owned by hedge funds and other institutional investors.
About Eaton
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.
Featured Articles
- Five stocks we like better than Eaton
- Buy CrowdStrike Before the Stock Split? Here’s the Case
- Investors Are Buying Into Sweetgreen Again—Should They?
- Burlington Is Winning Over Shoppers But Investors Need Patience
- USA Today’s Digital Revival Is Gaining Steam, But With Plenty of Risk
Receive News & Ratings for Eaton Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Eaton and related companies with MarketBeat.com's FREE daily email newsletter.
