Eaton Corporation, PLC (NYSE:ETN – Get Free Report) insider Antonio Galvao sold 494 shares of Eaton stock in a transaction that occurred 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 sale, the insider owned 9,175 shares of the company’s stock, valued at approximately $3,723,765.50. The trade was a 5.11% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.
Eaton Trading Down 2.0%
Shares of Eaton stock opened at $400.02 on Friday. Eaton Corporation, PLC has a 1 year low of $311.90 and a 1 year high of $435.43. The firm has a market cap of $155.33 billion, a PE ratio of 39.10, a PEG ratio of 2.62 and a beta of 1.24. The company has a debt-to-equity ratio of 0.94, a current ratio of 1.19 and a quick ratio of 0.75. The company has a 50 day simple moving average of $384.79 and a two-hundred day simple moving average of $362.26.
Eaton (NYSE:ETN – Get Free Report) last announced its earnings results on Tuesday, May 5th. The industrial products company reported $2.81 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.73 by $0.08. Eaton had a net margin of 13.99% and a return on equity of 24.72%. The business had revenue of $7.45 billion during the quarter, compared to analyst estimates of $7.14 billion. During the same period in the previous year, the business posted $2.72 earnings per share. Eaton’s revenue for the quarter was up 16.8% on a year-over-year basis. Eaton has set its Q2 2026 guidance at 3.000-3.100 EPS and its FY 2026 guidance at 13.050-13.500 EPS. Analysts expect that Eaton Corporation, PLC will post 13.33 earnings per share for the current fiscal year.
Eaton Announces Dividend
Wall Street Analysts Forecast Growth
A number of brokerages have recently weighed in on ETN. Evercore set a $453.00 price objective on shares of Eaton in a report on Monday. Weiss Ratings upgraded shares of Eaton from a “buy (b-)” rating to a “buy (b)” rating in a report on Monday, May 4th. Royal Bank Of Canada boosted their price objective on shares of Eaton from $457.00 to $484.00 and gave the stock an “outperform” rating in a report on Wednesday, May 6th. Wells Fargo & Company boosted their price objective on shares of Eaton from $350.00 to $425.00 and gave the stock an “equal weight” rating in a report on Wednesday, May 6th. Finally, HSBC upgraded shares of Eaton from a “hold” rating to a “buy” rating and set a $400.00 price objective for the company in a report on Friday, January 16th. Two research analysts have rated the stock with a Strong Buy rating, fifteen have given a Buy rating and five have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $420.95.
Get Our Latest Stock Analysis on ETN
Institutional Inflows and Outflows
Hedge funds have recently made changes to their positions in the company. Jones Financial Companies Lllp increased its stake in shares of Eaton by 9.9% in the third quarter. Jones Financial Companies Lllp now owns 45,998 shares of the industrial products company’s stock worth $16,830,000 after buying an additional 4,156 shares during the period. Mediolanum International Funds Ltd increased its stake in shares of Eaton by 14.2% in the third quarter. Mediolanum International Funds Ltd now owns 121,162 shares of the industrial products company’s stock worth $44,485,000 after buying an additional 15,048 shares during the period. Aventura Private Wealth LLC purchased a new position in Eaton during the 4th quarter valued at $1,339,000. Cullen Frost Bankers Inc. increased its position in Eaton by 6.0% during the 3rd quarter. Cullen Frost Bankers Inc. now owns 162,634 shares of the industrial products company’s stock valued at $60,866,000 after purchasing an additional 9,233 shares during the period. Finally, Ransom Advisory Ltd purchased a new position in Eaton during the 4th quarter valued at $3,881,000. 82.97% of the stock is owned by hedge funds and other institutional investors.
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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