Eaton Corporation, PLC (NYSE:ETN) Receives $403.23 Consensus Price Target from Analysts

Shares of Eaton Corporation, PLC (NYSE:ETN) have earned a consensus rating of “Moderate Buy” from the twenty-three research firms that are presently covering the company, Marketbeat.com reports. Six equities research analysts have rated the stock with a hold rating, sixteen have given a buy rating and one has given a strong buy rating to the company. The average 1 year price objective among analysts that have covered the stock in the last year is $401.50.

ETN has been the topic of a number of analyst reports. Rothschild & Co Redburn began coverage on shares of Eaton in a research note on Wednesday, August 20th. They set a “neutral” rating and a $336.00 price objective on the stock. Redburn Atlantic initiated coverage on shares of Eaton in a research report on Wednesday, August 20th. They set a “hold” rating and a $336.00 price target on the stock. Mizuho lifted their price objective 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. JPMorgan Chase & Co. upped their target price on Eaton from $429.00 to $440.00 and gave the stock an “overweight” rating in a research note on Thursday, November 6th. Finally, Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Eaton in a report on Wednesday, October 8th.

Insider Buying and Selling

In related news, Director Gerald Johnson bought 100 shares of the company’s stock in a transaction dated Friday, October 31st. The stock was purchased at an average price of $384.33 per share, with a total value of $38,433.00. Following the completion of the acquisition, the director owned 200 shares of the company’s stock, valued at $76,866. The trade was a 100.00% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 0.30% of the company’s stock.

Hedge Funds Weigh In On Eaton

A number of institutional investors have recently added to or reduced their stakes in the stock. Brighton Jones LLC lifted its stake in shares of Eaton by 1.4% in the 4th quarter. Brighton Jones LLC now owns 3,341 shares of the industrial products company’s stock valued at $1,109,000 after acquiring an additional 45 shares during the last quarter. Revolve Wealth Partners LLC increased its holdings in Eaton by 17.5% in the 4th quarter. Revolve Wealth Partners LLC now owns 913 shares of the industrial products company’s stock worth $303,000 after purchasing an additional 136 shares in the last quarter. Alps Advisors Inc. raised its position in Eaton by 1.1% in the first quarter. Alps Advisors Inc. now owns 7,438 shares of the industrial products company’s stock valued at $2,022,000 after purchasing an additional 80 shares during the last quarter. Cerity Partners LLC boosted its stake in shares of Eaton by 35.6% during the first quarter. Cerity Partners LLC now owns 150,855 shares of the industrial products company’s stock valued at $41,007,000 after purchasing an additional 39,593 shares in the last quarter. Finally, Diversify Wealth Management LLC grew its holdings in shares of Eaton by 2.8% during the first quarter. Diversify Wealth Management LLC now owns 3,586 shares of the industrial products company’s stock worth $1,042,000 after purchasing an additional 98 shares during the last quarter. 82.97% of the stock is currently owned by institutional investors and hedge funds.

Eaton Trading Down 0.4%

Shares of NYSE:ETN opened at $352.62 on Friday. The business’s 50 day simple moving average is $372.20 and its 200 day simple moving average is $354.33. Eaton has a 1 year low of $231.85 and a 1 year high of $399.56. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.24 and a quick ratio of 0.76. The company has a market capitalization of $136.96 billion, a P/E ratio of 35.47, a P/E/G ratio of 2.77 and a beta of 1.19.

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

Eaton Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, November 21st. Shareholders of record on Thursday, November 6th will be given a $1.04 dividend. This represents a $4.16 dividend on an annualized basis and a yield of 1.2%. The ex-dividend date is Thursday, November 6th. Eaton’s payout ratio is currently 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.