Eaton Corporation, PLC (NYSE:ETN – Get Free Report)’s share price dropped 1.4% during mid-day trading on Thursday after an insider sold shares in the company. The stock traded as low as $452.50 and last traded at $453.7120. Approximately 1,440,804 shares were traded during trading, a decline of 46% from the average daily volume of 2,665,404 shares. The stock had previously closed at $459.96.
Specifically, insider Heath B. Monesmith sold 18,036 shares of Eaton stock in a transaction dated Tuesday, August 11th. The stock was sold at an average price of $458.04, for a total value of $8,261,209.44. Following the completion of the transaction, the insider owned 50,368 shares in the company, valued at $23,070,558.72. The trade was a 26.37% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.
Analysts Set New Price Targets
A number of equities analysts have issued reports on ETN shares. Erste Group Bank began coverage on Eaton in a research report on Tuesday, May 5th. They set a “buy” rating on the stock. JPMorgan Chase & Co. upped their target price on Eaton from $406.00 to $445.00 and gave the stock an “overweight” rating in a research note on Wednesday, May 6th. Sanford C. Bernstein reiterated an “outperform” rating on shares of Eaton in a research report on Monday, August 3rd. KeyCorp boosted their price target on shares of Eaton from $420.00 to $480.00 and gave the stock an “overweight” rating in a report on Wednesday, May 6th. Finally, Evercore upgraded shares of Eaton from an “in-line” rating to an “outperform” rating and set a $502.00 price objective for the company in a research report on Monday, August 3rd. Two analysts have rated the stock with a Strong Buy rating, fourteen have given a Buy rating and four have issued a Hold rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $431.78.
Eaton Stock Performance
The firm’s 50 day simple moving average is $411.84 and its 200-day simple moving average is $391.86. The company has a market cap of $176.22 billion, a price-to-earnings ratio of 46.16, a PEG ratio of 2.91 and a beta of 1.18. The company has a debt-to-equity ratio of 0.91, a quick ratio of 0.79 and a current ratio of 1.24.
Eaton (NYSE:ETN – Get Free Report) last posted its quarterly earnings results on Friday, July 31st. The industrial products company reported $3.15 earnings per share for the quarter, topping the consensus estimate of $3.08 by $0.07. The firm had revenue of $8.53 billion for the quarter, compared to the consensus estimate of $8.16 billion. Eaton had a net margin of 12.75% and a return on equity of 24.58%. The company’s revenue for the quarter was up 21.4% on a year-over-year basis. During the same period last year, the firm posted $2.95 earnings per share. Eaton has set its Q3 2026 guidance at 3.460-3.560 EPS and its FY 2026 guidance at 13.400-13.600 EPS. On average, sell-side analysts predict that Eaton Corporation, PLC will post 13.54 EPS for the current year.
Eaton Dividend Announcement
The firm also recently announced a quarterly dividend, which will be paid on Friday, August 28th. Shareholders of record on Friday, August 7th will be paid a $1.10 dividend. This represents a $4.40 dividend on an annualized basis and a yield of 1.0%. The ex-dividend date of this dividend is Friday, August 7th. Eaton’s dividend payout ratio (DPR) is 44.76%.
Institutional Inflows and Outflows
Several institutional investors and hedge funds have recently made changes to their positions in the stock. Madison Asset Management LLC purchased a new stake in shares of Eaton in the second quarter valued at approximately $701,000. Knuff & Co LLC purchased a new position in Eaton during the second quarter worth approximately $568,000. Great Lakes Advisors LLC purchased a new position in Eaton during the second quarter worth approximately $1,159,000. Foster & Motley Inc. acquired a new position in Eaton during the second quarter worth $2,969,000. Finally, Commerzbank Aktiengesellschaft FI purchased a new stake in Eaton in the 2nd quarter valued at $1,469,000. 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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