Eaton (NYSE:ETN) Trading Down 7.5% – Here’s What Happened

Eaton Corporation, PLC (NYSE:ETN)’s share price dropped 7.5% during trading on Tuesday . The company traded as low as $352.10 and last traded at $357.4660. Approximately 2,162,842 shares were traded during mid-day trading, a decline of 23% from the average daily volume of 2,801,958 shares. The stock had previously closed at $386.57.

Analyst Upgrades and Downgrades

ETN has been the subject of a number of research analyst reports. Barclays raised their price target on Eaton from $340.00 to $344.00 and gave the stock an “equal weight” rating in a research note on Wednesday, August 6th. Rothschild & Co Redburn assumed coverage on Eaton in a research note on Wednesday, August 20th. They issued a “neutral” rating and a $336.00 price target for the company. Wells Fargo & Company boosted their price target on Eaton from $375.00 to $395.00 and gave the stock an “equal weight” rating in a research report on Monday, October 6th. Daiwa Capital Markets started coverage on Eaton in a research note on Thursday, September 11th. They set an “outperform” rating and a $390.00 target price for the company. Finally, Redburn Atlantic began coverage on Eaton in a report on Wednesday, August 20th. They set a “hold” rating and a $336.00 price objective on the stock. One equities research analyst has rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating and six have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $398.45.

Eaton Trading Down 2.2%

The firm has a market cap of $147.18 billion, a price-to-earnings ratio of 38.02, a price-to-earnings-growth ratio of 2.77 and a beta of 1.18. The business’s 50 day moving average price is $368.29 and its 200-day moving average price is $349.00. The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.76 and a current ratio of 1.24.

Eaton (NYSE:ETN) last released its quarterly earnings data on Tuesday, November 4th. The industrial products company reported $3.07 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.06 by $0.01. The business had revenue of $6.99 billion during the quarter, compared to analyst estimates of $7.09 billion. Eaton had a return on equity of 23.91% and a net margin of 15.11%. Eaton has set its Q4 2025 guidance at 3.230-3.430 EPS. FY 2025 guidance at 11.970-12.170 EPS. Equities analysts expect that Eaton Corporation, PLC will post 12.02 EPS for the current year.

Eaton Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, November 21st. Investors of record on Thursday, November 6th will be paid a $1.04 dividend. The ex-dividend date of this dividend is Thursday, November 6th. This represents a $4.16 dividend on an annualized basis and a yield of 1.1%. Eaton’s dividend payout ratio (DPR) is currently 41.85%.

Insider Buying and Selling at Eaton

In other news, insider Olivier Leonetti sold 16,018 shares of Eaton stock in a transaction dated Thursday, August 7th. The stock was sold at an average price of $358.39, for a total transaction of $5,740,691.02. Following the completion of the sale, the insider directly owned 630 shares in the company, valued at $225,785.70. The trade was a 96.22% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 0.30% of the company’s stock.

Institutional Investors Weigh In On Eaton

Large investors have recently bought and sold shares of the business. MTM Investment Management LLC boosted its position in shares of Eaton by 0.6% in the 3rd quarter. MTM Investment Management LLC now owns 4,802 shares of the industrial products company’s stock worth $1,797,000 after purchasing an additional 29 shares during the last quarter. Lyell Wealth Management LP lifted its holdings in shares of Eaton by 3.2% in the second quarter. Lyell Wealth Management LP now owns 975 shares of the industrial products company’s stock valued at $348,000 after purchasing an additional 30 shares in the last quarter. Commonwealth Financial Services LLC lifted its holdings in shares of Eaton by 2.9% in the first quarter. Commonwealth Financial Services LLC now owns 1,175 shares of the industrial products company’s stock valued at $319,000 after purchasing an additional 33 shares in the last quarter. E Fund Management Co. Ltd. lifted its stake in Eaton by 3.1% in the 1st quarter. E Fund Management Co. Ltd. now owns 1,091 shares of the industrial products company’s stock valued at $297,000 after acquiring an additional 33 shares in the last quarter. Finally, Beaumont Financial Advisors LLC lifted its stake 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 acquiring an additional 33 shares in the last quarter. 82.97% of the stock is currently owned by institutional investors.

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.