Zacks Research Issues Optimistic Estimate for Eaton Earnings

Eaton Corporation, PLC (NYSE:ETNFree Report) – Zacks Research raised their Q1 2026 earnings estimates for Eaton in a research note issued on Thursday, June 26th. Zacks Research analyst J. Saha now anticipates that the industrial products company will post earnings per share of $3.09 for the quarter, up from their prior forecast of $3.08. The consensus estimate for Eaton’s current full-year earnings is $12.02 per share.

A number of other equities research analysts also recently issued reports on the stock. BNP Paribas assumed coverage on shares of Eaton in a research report on Thursday, May 15th. They set an “outperform” rating and a $380.00 price target for the company. Wells Fargo & Company reiterated an “overweight” rating and set a $355.00 price target on shares of Eaton in a research report on Monday, May 5th. Evercore ISI lifted their price target on shares of Eaton from $326.00 to $349.00 and gave the company an “in-line” rating in a research report on Monday, May 19th. Citigroup lifted their price target on shares of Eaton from $323.00 to $351.00 and gave the company a “buy” rating in a research report on Monday, May 5th. Finally, Morgan Stanley reduced their price target on shares of Eaton from $385.00 to $375.00 and set an “overweight” rating for the company in a research report on Tuesday, May 6th. Five research analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $368.78.

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Eaton Price Performance

Shares of NYSE:ETN opened at $353.74 on Friday. The company has a quick ratio of 0.84, a current ratio of 1.31 and a debt-to-equity ratio of 0.41. The company has a market cap of $138.42 billion, a P/E ratio of 35.70, a PEG ratio of 2.74 and a beta of 1.16. Eaton has a 52 week low of $231.85 and a 52 week high of $379.99. The company has a 50-day moving average price of $318.04 and a 200 day moving average price of $312.49.

Eaton (NYSE:ETNGet Free Report) last announced its quarterly earnings data on Friday, May 2nd. The industrial products company reported $2.72 EPS for the quarter, beating analysts’ consensus estimates of $2.70 by $0.02. The firm had revenue of $6.38 billion during the quarter, compared to the consensus estimate of $6.26 billion. Eaton had a net margin of 15.55% and a return on equity of 23.41%. The firm’s revenue was up 7.3% compared to the same quarter last year. During the same quarter last year, the firm earned $2.40 earnings per share.

Eaton Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, May 23rd. Investors of record on Monday, May 5th were given a dividend of $1.04 per share. The ex-dividend date of this dividend was Monday, May 5th. This represents a $4.16 annualized dividend and a dividend yield of 1.18%. Eaton’s dividend payout ratio is currently 41.98%.

Insider Buying and Selling

In related news, insider Craig Arnold sold 51,054 shares of Eaton stock in a transaction that occurred on Thursday, May 8th. The stock was sold at an average price of $305.43, for a total transaction of $15,593,423.22. Following the completion of the transaction, the insider now directly owns 489,444 shares in the company, valued at $149,490,880.92. The trade was a 9.45% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Michael Yelton sold 2,120 shares of the business’s stock in a transaction on Tuesday, May 6th. The shares were sold at an average price of $296.87, for a total value of $629,364.40. Following the completion of the transaction, the insider now owns 3,382 shares of the company’s stock, valued at $1,004,014.34. This trade represents a 38.53% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 156,660 shares of company stock worth $49,622,894 in the last ninety days. Insiders own 0.30% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the business. Howe & Rusling Inc. acquired a new position in Eaton in the 1st quarter valued at $236,000. Peterson Wealth Management acquired a new position in Eaton in the 1st quarter valued at $363,000. First Long Island Investors LLC raised its holdings in Eaton by 5,589.2% in the 1st quarter. First Long Island Investors LLC now owns 54,104 shares of the industrial products company’s stock valued at $14,707,000 after acquiring an additional 53,153 shares during the last quarter. Modern Wealth Management LLC raised its holdings in Eaton by 4.4% in the 1st quarter. Modern Wealth Management LLC now owns 6,838 shares of the industrial products company’s stock valued at $1,859,000 after acquiring an additional 288 shares during the last quarter. Finally, Anderson Financial Strategies LLC raised its holdings in Eaton by 5.0% in the 1st quarter. Anderson Financial Strategies LLC now owns 1,361 shares of the industrial products company’s stock valued at $370,000 after acquiring an additional 65 shares during the last quarter. 82.97% of the stock is currently owned by institutional investors and hedge funds.

Eaton Company Profile

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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.

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Earnings History and Estimates for Eaton (NYSE:ETN)

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