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

Shares of Eaton Corporation, PLC (NYSE:ETN) have been given a consensus rating of “Moderate Buy” by the twenty-three brokerages that are covering the firm, Marketbeat reports. Six investment analysts have rated the stock with a hold recommendation, sixteen have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12-month target price among brokerages that have covered the stock in the last year is $401.50.

A number of brokerages have recently commented on ETN. Mizuho lifted their price target on shares of Eaton from $385.00 to $425.00 and gave the stock an “outperform” rating in a report on Friday, October 17th. Daiwa Capital Markets began coverage on shares of Eaton in a research report on Thursday, September 11th. They set an “outperform” rating and a $390.00 target price on the stock. Rothschild Redb raised shares of Eaton to a “hold” rating in a research note on Wednesday, August 20th. Raymond James Financial increased their price target on Eaton from $380.00 to $415.00 and gave the stock an “outperform” rating in a research note on Thursday, August 7th. Finally, JPMorgan Chase & Co. raised their price objective on Eaton from $429.00 to $440.00 and gave the stock an “overweight” rating in a report on Thursday, November 6th.

Insider Buying and Selling at Eaton

In other news, Director Gerald Johnson acquired 200 shares of the business’s stock in a transaction dated Tuesday, November 18th. The shares were bought at an average cost of $339.89 per share, for a total transaction of $67,978.00. Following the acquisition, the director directly owned 400 shares in the company, valued at $135,956. This trade represents a 100.00% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In the last quarter, insiders have acquired 500 shares of company stock valued at $174,389. 0.30% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the company. WFA of San Diego LLC acquired a new position in Eaton during the 2nd quarter valued at about $36,000. Imprint Wealth LLC acquired a new position in shares of Eaton during the third quarter worth approximately $39,000. Redmont Wealth Advisors LLC bought a new position in Eaton in the 3rd quarter worth approximately $40,000. SOA Wealth Advisors LLC. increased its position in Eaton by 36.0% in the 2nd quarter. SOA Wealth Advisors LLC. now owns 136 shares of the industrial products company’s stock valued at $49,000 after acquiring an additional 36 shares during the period. Finally, Saudi Central Bank bought a new stake in Eaton during the 1st quarter valued at $42,000. 82.97% of the stock is currently owned by hedge funds and other institutional investors.

Eaton Stock Up 0.8%

Eaton stock opened at $335.62 on Thursday. Eaton has a fifty-two week low of $231.85 and a fifty-two week high of $399.56. The firm has a market capitalization of $130.36 billion, a price-to-earnings ratio of 33.56, a price-to-earnings-growth ratio of 2.51 and a beta of 1.17. The stock’s fifty day moving average is $364.80 and its two-hundred day moving average is $356.71. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.79 and a current ratio of 1.28.

Eaton (NYSE:ETN) last released its quarterly earnings results on Tuesday, November 4th. The industrial products company reported $3.07 EPS for the quarter, beating the consensus estimate of $3.06 by $0.01. The business had revenue of $6.99 billion for the quarter, compared to analyst estimates of $7.09 billion. Eaton had a net margin of 14.74% and a return on equity of 24.36%. Eaton has set its Q4 2025 guidance at 3.230-3.430 EPS and its FY 2025 guidance at 11.970-12.170 EPS. Analysts predict that Eaton will post 12.02 EPS for the current fiscal year.

Eaton Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, November 21st. Investors of record on Thursday, November 6th were given a dividend of $1.04 per share. The ex-dividend date of this dividend was Thursday, November 6th. This represents a $4.16 annualized dividend and a yield of 1.2%. Eaton’s dividend payout ratio is 41.60%.

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.