Eaton Sees Unusually High Options Volume (NYSE:ETN)

Eaton Corporation, PLC (NYSE:ETN) was the target of unusually large options trading on Tuesday. Stock traders purchased 6,869 put options on the stock. This represents an increase of approximately 56% compared to the typical daily volume of 4,415 put options.

Analysts Set New Price Targets

ETN has been the subject of several analyst reports. Mizuho raised their target price on shares of Eaton from $385.00 to $425.00 and gave the company an “outperform” rating in a research note on Friday, October 17th. Redburn Atlantic started coverage on shares of Eaton in a research note on Wednesday, August 20th. They issued a “hold” rating and a $336.00 price target for the company. Royal Bank Of Canada lifted their price objective on shares of Eaton from $425.00 to $432.00 and gave the company an “outperform” rating in a research report on Wednesday, November 5th. Melius raised shares of Eaton from a “hold” rating to a “buy” rating and set a $495.00 target price on the stock in a report on Monday, September 15th. Finally, Daiwa Capital Markets initiated coverage on shares of Eaton in a research note on Thursday, September 11th. They issued an “outperform” rating and a $390.00 target price for the company. One equities research analyst has rated the stock with a Strong Buy rating, seventeen have issued a Buy rating and six have given a Hold rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $402.05.

Insider Buying and Selling

In related news, Director Gerald Johnson purchased 200 shares of the firm’s stock in a transaction on Tuesday, November 18th. The stock was purchased at an average cost of $339.89 per share, for a total transaction of $67,978.00. Following the completion of the purchase, the director directly owned 400 shares in the company, valued at $135,956. This trade represents a 100.00% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders purchased 500 shares of company stock worth $174,389 over the last ninety days. Corporate insiders own 0.30% of the company’s stock.

Institutional Trading of Eaton

Institutional investors have recently added to or reduced their stakes in the company. Cornerstone Planning Group LLC grew its holdings in Eaton by 9.3% in the 3rd quarter. Cornerstone Planning Group LLC now owns 328 shares of the industrial products company’s stock valued at $126,000 after buying an additional 28 shares in the last quarter. MTM Investment Management LLC grew its stake in shares of Eaton by 0.6% in the third quarter. MTM Investment Management LLC now owns 4,802 shares of the industrial products company’s stock valued at $1,797,000 after acquiring an additional 29 shares in the last quarter. Lyell Wealth Management LP increased its position in Eaton by 3.2% during the second quarter. Lyell Wealth Management LP now owns 975 shares of the industrial products company’s stock worth $348,000 after acquiring an additional 30 shares during the period. Correct Capital Wealth Management raised its stake in Eaton by 0.9% in the 3rd quarter. Correct Capital Wealth Management now owns 3,477 shares of the industrial products company’s stock worth $1,301,000 after purchasing an additional 31 shares in the last quarter. Finally, Beaumont Financial Advisors LLC boosted its holdings in Eaton by 2.6% in the 2nd quarter. Beaumont Financial Advisors LLC now owns 1,307 shares of the industrial products company’s stock valued at $467,000 after purchasing an additional 33 shares during the period. 82.97% of the stock is currently owned by institutional investors.

Eaton Price Performance

NYSE:ETN opened at $315.78 on Thursday. The firm’s fifty day moving average price is $357.83 and its two-hundred day moving average price is $357.66. The company has a debt-to-equity ratio of 0.46, a current ratio of 1.28 and a quick ratio of 0.79. The company has a market cap of $122.65 billion, a P/E ratio of 31.58, a P/E/G ratio of 2.39 and a beta of 1.17. Eaton has a one year low of $231.85 and a one year high of $399.56.

Eaton (NYSE:ETN) last announced its quarterly earnings results on Tuesday, November 4th. The industrial products company reported $3.07 EPS for the quarter, beating analysts’ consensus estimates 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. Equities analysts expect that Eaton will post 12.02 earnings per share for the current year.

Eaton Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, November 21st. Stockholders of record on Thursday, November 6th were paid a dividend of $1.04 per share. The ex-dividend date was Thursday, November 6th. This represents a $4.16 dividend on an annualized basis and a dividend yield of 1.3%. Eaton’s dividend payout ratio (DPR) is 41.60%.

Eaton Company Profile

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.