Eaton Corporation, PLC (NYSE:ETN – Free Report) – Research analysts at Zacks Research boosted their Q3 2026 earnings per share (EPS) estimates for shares of Eaton in a research report issued on Tuesday, June 23rd. Zacks Research analyst Team now forecasts that the industrial products company will earn $3.48 per share for the quarter, up from their prior forecast of $3.47. The consensus estimate for Eaton’s current full-year earnings is $13.33 per share. Zacks Research also issued estimates for Eaton’s Q1 2027 earnings at $3.35 EPS, Q2 2027 earnings at $3.78 EPS, FY2027 earnings at $15.24 EPS and FY2028 earnings at $17.19 EPS.
A number of other research firms also recently commented on ETN. JPMorgan Chase & Co. upped their price objective 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. Wells Fargo & Company boosted their target price on shares of Eaton from $350.00 to $425.00 and gave the company an “equal weight” rating in a report on Wednesday, May 6th. Weiss Ratings downgraded shares of Eaton from a “buy (b)” rating to a “buy (b-)” rating in a research note on Monday, May 18th. Royal Bank Of Canada lifted their price target on shares of Eaton from $457.00 to $484.00 and gave the company an “outperform” rating in a report on Wednesday, May 6th. Finally, Erste Group Bank initiated coverage on Eaton in a report on Tuesday, May 5th. They set a “buy” rating for the company. Two investment analysts have rated the stock with a Strong Buy rating, fifteen have issued a Buy rating and four have assigned a Hold rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $420.95.
Eaton Stock Down 0.1%
Shares of NYSE:ETN opened at $404.71 on Thursday. The company has a current ratio of 1.19, a quick ratio of 0.75 and a debt-to-equity ratio of 0.94. The firm has a market cap of $157.15 billion, a price-to-earnings ratio of 39.56, a PEG ratio of 2.60 and a beta of 1.19. The stock’s 50-day moving average price is $405.42 and its two-hundred day moving average price is $371.04. Eaton has a 12-month low of $311.92 and a 12-month high of $436.74.
Eaton (NYSE:ETN – Get Free Report) last posted its quarterly earnings data 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 business had revenue of $7.45 billion for the quarter, compared to analysts’ expectations of $7.14 billion. Eaton had a return on equity of 24.72% and a net margin of 13.99%.The business’s revenue was up 16.8% on a year-over-year basis. During the same quarter last year, the firm earned $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.
Institutional Trading of Eaton
Several large investors have recently bought and sold shares of ETN. Hilton Head Capital Partners LLC purchased a new position in shares of Eaton in the fourth quarter valued at $26,000. Sfam LLC purchased a new stake in Eaton during the 4th quarter worth $27,000. Gunpowder Capital Management LLC dba Oliver Wealth Management acquired a new position in Eaton in the 4th quarter worth $28,000. Eagle Bay Advisors LLC purchased a new position in Eaton in the 4th quarter valued at about $29,000. Finally, Boreal Capital Management LLC acquired a new stake in shares of Eaton during the first quarter valued at about $33,000. Institutional investors and hedge funds own 82.97% of the company’s stock.
Insider Buying and Selling at Eaton
In related news, insider Antonio Galvao sold 494 shares of the company’s stock in a transaction on Wednesday, May 13th. The shares were sold at an average price of $405.86, for a total transaction of $200,494.84. Following the completion of the sale, the insider directly owned 9,175 shares of the company’s stock, valued at approximately $3,723,765.50. This represents a 5.11% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Peter Denk sold 2,000 shares of the firm’s stock in a transaction dated Wednesday, May 6th. The shares were sold at an average price of $417.94, for a total value of $835,880.00. Following the completion of the transaction, the insider directly owned 7,102 shares in the company, valued at $2,968,209.88. This trade represents a 21.97% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last three months, insiders have sold 21,028 shares of company stock worth $8,614,793. Corporate insiders own 0.10% of the company’s stock.
Eaton Dividend Announcement
The firm also recently announced a quarterly dividend, which was paid on Friday, May 29th. Stockholders of record on Friday, May 8th were paid a $1.10 dividend. This represents a $4.40 dividend on an annualized basis and a dividend yield of 1.1%. The ex-dividend date of this dividend was Friday, May 8th. Eaton’s dividend payout ratio (DPR) is currently 43.01%.
Trending Headlines about Eaton
Here are the key news stories impacting Eaton this week:
- Positive Sentiment: Zacks Research raised its earnings expectations for multiple future periods, including FY2026 to $13.28 EPS, FY2027 to $15.24 EPS, FY2028 to $17.19 EPS, and small increases for Q3 2026, Q4 2026, Q1 2027, Q2 2027, and Q4 2027, signaling continued confidence in Eaton’s earnings growth.
- Positive Sentiment: The revised estimates remain above or near the current consensus outlook of about $13.33 per share for the current fiscal year, reinforcing the view that Eaton’s fundamentals remain solid.
- Neutral Sentiment: The broader market reaction appears muted because the estimate changes were incremental rather than transformative, so the analyst action is favorable but not a major catalyst.
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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