Shares of Eaton Corporation, PLC (NYSE:ETN – Get Free Report) rose 3.4% during trading on Monday . The stock traded as high as $436.74 and last traded at $436.14. 2,563,725 shares traded hands during mid-day trading, a decline of 7% from the average daily volume of 2,759,787 shares. The stock had previously closed at $421.77.
Analyst Ratings Changes
Several research analysts recently issued reports on ETN shares. Weiss Ratings cut shares of Eaton from a “buy (b)” rating to a “buy (b-)” rating in a report on Monday, May 18th. Evercore set a $453.00 target price on Eaton in a research report on Monday, May 11th. Jefferies Financial Group began coverage on Eaton in a report on Monday, March 16th. They issued a “buy” rating and a $430.00 price target for the company. Barclays lifted their price target on Eaton from $340.00 to $392.00 and gave the company an “equal weight” rating in a research note on Wednesday, May 6th. Finally, JPMorgan Chase & Co. increased their price objective on Eaton from $406.00 to $445.00 and gave the stock an “overweight” rating in a research report on Wednesday, May 6th. Two equities research analysts have rated the stock with a Strong Buy rating, fifteen have issued a Buy rating and four have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $420.95.
Get Our Latest Stock Analysis on Eaton
Eaton Stock Performance
Eaton (NYSE:ETN – Get Free Report) last announced its quarterly earnings results on Tuesday, May 5th. The industrial products company reported $2.81 EPS for the quarter, topping the consensus estimate of $2.73 by $0.08. The business had revenue of $7.45 billion for the quarter, compared to analyst estimates of $7.14 billion. Eaton had a return on equity of 24.72% and a net margin of 13.99%.The company’s quarterly revenue was up 16.8% on a year-over-year basis. During the same quarter in the previous year, the company earned $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. On average, research analysts predict that Eaton Corporation, PLC will post 13.32 earnings per share for the current fiscal year.
Eaton Announces Dividend
The company also recently announced a quarterly dividend, which was paid on Friday, May 29th. Shareholders of record on Friday, May 8th were issued a $1.10 dividend. The ex-dividend date of this dividend was Friday, May 8th. This represents a $4.40 annualized dividend and a yield of 1.0%. Eaton’s dividend payout ratio is 43.01%.
Insider Buying and Selling at Eaton
In related news, Director Dorothy C. Thompson sold 167 shares of the business’s stock in a transaction dated Friday, May 22nd. The shares were sold at an average price of $385.00, for a total value of $64,295.00. Following the sale, the director directly owned 1,096 shares in the company, valued at $421,960. The trade was a 13.22% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Peter Denk sold 2,000 shares of the stock in a transaction dated Wednesday, May 6th. The shares were sold at an average price of $417.94, for a total transaction of $835,880.00. Following the completion of the sale, the insider directly owned 7,102 shares in the company, valued at approximately $2,968,209.88. The trade was a 21.97% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last ninety days, insiders have sold 21,028 shares of company stock worth $8,614,793. Insiders own 0.10% of the company’s stock.
Institutional Investors Weigh In On Eaton
A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Brighton Jones LLC boosted its stake in Eaton by 1.4% in the 4th quarter. Brighton Jones LLC now owns 3,341 shares of the industrial products company’s stock worth $1,109,000 after buying an additional 45 shares during the last quarter. Revolve Wealth Partners LLC lifted its holdings in shares of Eaton by 17.5% during the 4th quarter. Revolve Wealth Partners LLC now owns 913 shares of the industrial products company’s stock worth $303,000 after acquiring an additional 136 shares during the period. Empowered Funds LLC boosted its position in shares of Eaton by 5.6% in the first quarter. Empowered Funds LLC now owns 9,402 shares of the industrial products company’s stock worth $2,556,000 after acquiring an additional 496 shares during the last quarter. Vista Capital Partners Inc. purchased a new stake in Eaton in the second quarter valued at approximately $259,000. Finally, Tandem Wealth Advisors LLC grew its holdings in Eaton by 70.1% in the second quarter. Tandem Wealth Advisors LLC now owns 2,216 shares of the industrial products company’s stock valued at $791,000 after purchasing an additional 913 shares during the period. Hedge funds and other institutional investors own 82.97% of the company’s stock.
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.
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