Investors Purchase High Volume of Eaton Put Options (NYSE:ETN)

Eaton Corporation, PLC (NYSE:ETN) was the recipient of some unusual options trading activity on Tuesday. Investors bought 6,869 put options on the company. This is an increase of 56% compared to the average volume of 4,415 put options.

Insiders Place Their Bets

In related news, Director Gerald Johnson bought 200 shares of the business’s stock in a transaction on Tuesday, November 18th. The stock was bought at an average price of $339.89 per share, for a total transaction of $67,978.00. Following the transaction, the director directly owned 400 shares in the company, valued at $135,956. This represents a 100.00% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In the last quarter, insiders have purchased 500 shares of company stock valued at $174,389. 0.30% of the stock is currently owned by corporate insiders.

Institutional Trading of Eaton

A number of institutional investors and hedge funds have recently modified their holdings of ETN. Farmers National Bank acquired a new stake in Eaton during the third quarter worth $1,530,000. Saranac Partners Ltd bought a new position in shares of Eaton during the 3rd quarter worth about $264,000. Oarsman Capital Inc. acquired a new stake in shares of Eaton during the 3rd quarter valued at about $201,000. Sunbelt Securities Inc. increased its stake in Eaton by 43.9% in the third quarter. Sunbelt Securities Inc. now owns 3,245 shares of the industrial products company’s stock valued at $1,214,000 after acquiring an additional 990 shares during the period. Finally, Captrust Financial Advisors raised its position in Eaton by 1.7% in the third quarter. Captrust Financial Advisors now owns 61,290 shares of the industrial products company’s stock worth $22,938,000 after purchasing an additional 1,001 shares in the last quarter. 82.97% of the stock is currently owned by institutional investors.

Eaton Price Performance

Shares of Eaton stock opened at $315.78 on Thursday. 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 PE ratio of 31.58, a price-to-earnings-growth ratio of 2.39 and a beta of 1.17. The firm has a fifty day moving average price of $357.83 and a two-hundred day moving average price of $357.66. Eaton has a fifty-two week low of $231.85 and a fifty-two week high of $399.56.

Eaton (NYSE:ETN) last announced its quarterly earnings data 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. Eaton had a net margin of 14.74% and a return on equity of 24.36%. The business had revenue of $6.99 billion during the quarter, compared to analyst estimates of $7.09 billion. 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 expect that Eaton will post 12.02 EPS for the current year.

Eaton Dividend Announcement

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

Analysts Set New Price Targets

Several brokerages recently issued reports on ETN. Barclays increased their price objective on Eaton from $344.00 to $362.00 and gave the stock an “equal weight” rating in a report on Wednesday, November 5th. KeyCorp lifted their price target on Eaton from $410.00 to $420.00 and gave the company an “overweight” rating in a report on Tuesday, October 14th. Daiwa America upgraded Eaton to a “strong-buy” rating in a report on Thursday, September 11th. Rothschild Redb upgraded shares of Eaton to a “hold” rating in a research note on Wednesday, August 20th. Finally, Citigroup increased their price target on shares of Eaton from $438.00 to $442.00 and gave the stock a “buy” rating in a research note on Thursday, October 9th. One 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 company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $402.05.

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.