Analysts Set Eaton Corporation, PLC (NYSE:ETN) Price Target at $442.00

Eaton Corporation, PLC (NYSE:ETNGet Free Report) has been assigned a consensus rating of “Buy” from the twenty analysts that are currently covering the stock, MarketBeat reports. Two equities research analysts have rated the stock with a hold rating, fifteen have given a buy rating and three have assigned a strong buy rating to the company. The average twelve-month target price among brokers that have issued ratings on the stock in the last year is $450.6111.

A number of research firms have commented on ETN. UBS Group raised shares of Eaton from a “positive” rating to a “buy” rating and set a $515.00 price target for the company in a research note on Monday. Royal Bank Of Canada upped their target price on Eaton from $484.00 to $512.00 and gave the stock an “outperform” rating in a research note on Monday, August 3rd. Robert W. Baird set a $500.00 price target on shares of Eaton and gave the company an “outperform” rating in a research report on Thursday, August 20th. BMO Capital Markets lifted their target price on shares of Eaton from $477.00 to $487.00 and gave the stock an “outperform” rating in a research report on Monday, August 3rd. Finally, Morgan Stanley boosted their price target on shares of Eaton from $500.00 to $520.00 and gave the stock an “overweight” rating in a research note on Friday, August 28th.

Get Our Latest Report on ETN

Insider Activity at Eaton

In other news, insider Adam A. Wadecki sold 525 shares of the stock in a transaction dated Tuesday, August 4th. The shares were sold at an average price of $440.54, for a total transaction of $231,283.50. Following the completion of the sale, the insider directly owned 1,054 shares in the company, valued at approximately $464,329.16. This represents a 33.25% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Gerald Johnson acquired 130 shares of the business’s stock in a transaction dated Thursday, August 13th. The stock was acquired at an average price of $455.90 per share, for a total transaction of $59,267.00. Following the completion of the transaction, the director owned 1,829 shares in the company, valued at approximately $833,841.10. The trade was a 7.65% increase in their position. The SEC filing for this purchase provides additional information. 0.10% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in the stock. North Star Investment Management Corp. boosted its stake in shares of Eaton by 0.3% during the 1st quarter. North Star Investment Management Corp. now owns 8,101 shares of the industrial products company’s stock valued at $2,897,000 after purchasing an additional 28 shares in the last quarter. Bogart Wealth LLC raised its position in shares of Eaton by 1.3% in the 1st quarter. Bogart Wealth LLC now owns 2,184 shares of the industrial products company’s stock worth $781,000 after acquiring an additional 29 shares in the last quarter. Pring Turner Capital Group Inc. raised its position in shares of Eaton by 0.3% in the 4th quarter. Pring Turner Capital Group Inc. now owns 10,528 shares of the industrial products company’s stock worth $3,353,000 after acquiring an additional 30 shares in the last quarter. Ellevest Inc. lifted its position in Eaton by 2.5% during the fourth quarter. Ellevest Inc. now owns 1,281 shares of the industrial products company’s stock valued at $408,000 after buying an additional 31 shares during the period. Finally, Tanager Wealth Management LLP boosted its holdings in shares of Eaton by 5.4% during the 2nd quarter. Tanager Wealth Management LLP now owns 606 shares of the industrial products company’s stock valued at $258,000 after buying an additional 31 shares in the last quarter. 82.97% of the stock is owned by hedge funds and other institutional investors.

Eaton Stock Performance

Eaton stock opened at $411.08 on Friday. Eaton has a 1-year low of $311.92 and a 1-year high of $478.00. The company has a current ratio of 1.24, a quick ratio of 0.79 and a debt-to-equity ratio of 0.91. The firm has a market capitalization of $159.66 billion, a PE ratio of 41.82, a price-to-earnings-growth ratio of 2.60 and a beta of 1.17. The firm’s 50 day simple moving average is $415.48 and its 200 day simple moving average is $398.40.

Eaton (NYSE:ETNGet Free Report) last posted its quarterly earnings data on Friday, July 31st. The industrial products company reported $3.15 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.08 by $0.07. The company had revenue of $8.53 billion during the quarter, compared to analyst estimates of $8.16 billion. Eaton had a return on equity of 24.58% and a net margin of 12.75%.The firm’s quarterly revenue was up 21.4% on a year-over-year basis. During the same quarter last year, the company earned $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. As a group, analysts expect that Eaton will post 13.56 earnings per share for the current fiscal year.

Eaton Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, August 28th. Stockholders of record on Friday, August 7th 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, August 7th. Eaton’s payout ratio is 44.76%.

About Eaton

(Get Free Report)

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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Analyst Recommendations for Eaton (NYSE:ETN)

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