Eaton Corporation, PLC (NYSE:ETN) Given Consensus Recommendation of “Moderate Buy” by Brokerages

Eaton Corporation, PLC (NYSE:ETN) has been assigned a consensus rating of “Moderate Buy” from the twenty-three brokerages that are covering the company, MarketBeat.com reports. Six equities research analysts have rated the stock with a hold rating, sixteen have given a buy rating and one has assigned a strong buy rating to the company. The average 12-month price objective among brokers that have updated their coverage on the stock in the last year is $401.50.

A number of research firms recently issued reports on ETN. JPMorgan Chase & Co. increased their target price on Eaton from $429.00 to $440.00 and gave the stock an “overweight” rating in a research note on Thursday, November 6th. KeyCorp increased their price objective on shares of Eaton from $410.00 to $420.00 and gave the stock an “overweight” rating in a research report on Tuesday, October 14th. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Eaton in a research report on Wednesday, October 8th. Melius Research raised shares of Eaton from a “hold” rating to a “buy” rating and upped their target price for the stock from $412.00 to $495.00 in a research note on Monday, September 15th. Finally, Royal Bank Of Canada lifted their price target on Eaton from $425.00 to $432.00 and gave the company an “outperform” rating in a research note on Wednesday, November 5th.

Eaton Stock Performance

Shares of Eaton stock opened at $353.78 on Friday. The stock’s fifty day simple moving average is $372.13 and its 200 day simple moving average is $353.44. The company has a current ratio of 1.24, a quick ratio of 0.76 and a debt-to-equity ratio of 0.47. The company has a market capitalization of $137.41 billion, a PE ratio of 35.59, a PEG ratio of 2.77 and a beta of 1.19. Eaton has a 12 month low of $231.85 and a 12 month high of $399.56.

Eaton (NYSE:ETN) last announced its quarterly earnings results on Tuesday, November 4th. The industrial products company reported $3.07 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.06 by $0.01. The company had revenue of $6.99 billion during the quarter, compared to the consensus estimate of $7.09 billion. Eaton had a return on equity of 23.91% and a net margin of 15.11%. Eaton has set its Q4 2025 guidance at 3.230-3.430 EPS. FY 2025 guidance at 11.970-12.170 EPS. On average, research analysts predict that Eaton will post 12.02 EPS for the current year.

Eaton Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, November 21st. Shareholders of record on Thursday, November 6th will be paid a $1.04 dividend. The ex-dividend date is Thursday, November 6th. This represents a $4.16 annualized dividend and a yield of 1.2%. Eaton’s payout ratio is presently 41.60%.

Insiders Place Their Bets

In other Eaton news, Director Gerald Johnson purchased 100 shares of the firm’s stock in a transaction dated Friday, October 31st. The stock was bought at an average cost of $384.33 per share, with a total value of $38,433.00. Following the purchase, the director directly owned 200 shares of the company’s stock, valued at $76,866. The trade was a 100.00% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which can be accessed through this link. 0.30% 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 ETN. IMA Advisory Services Inc. bought a new stake in Eaton during the 1st quarter worth about $25,000. WFA of San Diego LLC bought a new stake in Eaton during the second quarter worth about $36,000. Redmont Wealth Advisors LLC bought a new stake in Eaton during the third quarter worth about $40,000. Graybill Wealth Management LTD. acquired a new position in Eaton during the first quarter valued at approximately $41,000. Finally, Saudi Central Bank bought a new position in Eaton in the first quarter valued at approximately $42,000. Institutional investors own 82.97% of the company’s stock.

About Eaton

Eaton Corporation plc operates as a power management company worldwide. The company’s Electrical Americas and Electrical Global segment provides electrical components, industrial components, power distribution and assemblies, residential products, single and three phase power quality and connectivity products, wiring devices, circuit protection products, utility power distribution products, power reliability equipment, and services, as well as hazardous duty electrical equipment, emergency lighting, fire detection, explosion-proof instrumentation, and structural support systems.