Eaton Corporation, PLC (NYSE:ETN) Given Average Rating of “Moderate Buy” by Brokerages

Shares of Eaton Corporation, PLC (NYSE:ETN) have received an average recommendation of “Moderate Buy” from the twenty-one ratings firms that are presently covering the company, Marketbeat Ratings reports. Four research analysts have rated the stock with a hold recommendation, fifteen have given a buy recommendation and two have given a strong buy recommendation to the company. The average 1 year price objective among brokers that have issued ratings on the stock in the last year is $420.95.

Several brokerages recently issued reports on ETN. Citigroup boosted their price target on Eaton from $464.00 to $471.00 and gave the company a “buy” rating in a research note on Wednesday, May 6th. Morgan Stanley reiterated an “overweight” rating and issued a $500.00 price target on shares of Eaton in a research note on Sunday, May 10th. JPMorgan Chase & Co. boosted their price target on Eaton from $406.00 to $445.00 and gave the company an “overweight” rating in a research note on Wednesday, May 6th. Wells Fargo & Company boosted their price target on Eaton from $350.00 to $425.00 and gave the company an “equal weight” rating in a research note on Wednesday, May 6th. Finally, Royal Bank Of Canada boosted their price target on Eaton from $457.00 to $484.00 and gave the company an “outperform” rating in a research note on Wednesday, May 6th.

Eaton Trading Up 0.7%

Shares of ETN stock opened at $406.03 on Thursday. The company has a current ratio of 1.19, a quick ratio of 0.75 and a debt-to-equity ratio of 0.94. The stock has a market cap of $157.66 billion, a P/E ratio of 39.69, a price-to-earnings-growth ratio of 2.59 and a beta of 1.24. The stock has a 50 day simple moving average of $390.12 and a 200 day simple moving average of $362.49. Eaton has a 1 year low of $311.90 and a 1 year high of $435.43.

Eaton (NYSE:ETN) last issued its quarterly 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. The business had revenue of $7.45 billion during the quarter, compared to analysts’ expectations of $7.14 billion. Eaton had a return on equity of 24.72% and a net margin of 13.99%.The firm’s revenue for the quarter was up 16.8% compared to the same quarter last year. During the same period in the previous year, the company posted $2.72 earnings per share. Eaton has set its Q2 2026 guidance at 3.000-3.100 EPS and its FY 2026 guidance at 13.050-13.500 EPS. On average, research analysts predict that Eaton will post 13.32 earnings per share for the current fiscal year.

Eaton Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, May 29th. Shareholders of record on Friday, May 8th will be paid a dividend of $1.10 per share. The ex-dividend date is Friday, May 8th. This represents a $4.40 annualized dividend and a yield of 1.1%. Eaton’s dividend payout ratio is presently 43.01%.

Insider Activity

In other Eaton news, Director Gerald Johnson bought 215 shares of the business’s stock in a transaction on Monday, May 11th. The stock was purchased at an average cost of $419.02 per share, for a total transaction of $90,089.30. Following the completion of the purchase, the director directly owned 1,629 shares of the company’s stock, valued at approximately $682,583.58. This trade represents a 15.21% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Antonio Galvao sold 494 shares of the company’s stock in a transaction on Wednesday, May 13th. The stock was sold at an average price of $405.86, for a total value of $200,494.84. Following the sale, the insider owned 9,175 shares of the company’s stock, valued at $3,723,765.50. The trade was a 5.11% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders sold 21,028 shares of company stock valued at $8,614,793. Corporate insiders own 0.10% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the stock. Glenmede Trust Co. NA increased its holdings in shares of Eaton by 1.1% during the first quarter. Glenmede Trust Co. NA now owns 108,949 shares of the industrial products company’s stock worth $38,968,000 after buying an additional 1,199 shares in the last quarter. Argent Capital Management LLC increased its holdings in shares of Eaton by 33.6% during the first quarter. Argent Capital Management LLC now owns 162,990 shares of the industrial products company’s stock worth $58,297,000 after buying an additional 40,985 shares in the last quarter. Front Row Advisors LLC increased its holdings in shares of Eaton by 0.7% during the first quarter. Front Row Advisors LLC now owns 7,357 shares of the industrial products company’s stock worth $2,631,000 after buying an additional 51 shares in the last quarter. Strategic Investment Advisors MI acquired a new position in shares of Eaton during the first quarter worth $206,000. Finally, Arkadios Wealth Advisors increased its holdings in shares of Eaton by 4.5% during the first quarter. Arkadios Wealth Advisors now owns 8,377 shares of the industrial products company’s stock worth $2,996,000 after buying an additional 357 shares in the last quarter. 82.97% of the stock is currently owned by institutional investors and hedge funds.

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.