JPMorgan Chase & Co. Lowers Eaton (NYSE:ETN) Price Target to $406.00

Eaton (NYSE:ETN) had its price objective lowered by research analysts at JPMorgan Chase & Co. from $440.00 to $406.00 in a research report issued on Friday,Benzinga reports. The brokerage currently has an “overweight” rating on the industrial products company’s stock. JPMorgan Chase & Co.‘s price target would indicate a potential upside of 17.48% from the stock’s previous close.

A number of other analysts also recently issued reports on ETN. Wells Fargo & Company cut their price objective on shares of Eaton from $395.00 to $340.00 and set an “equal weight” rating for the company in a report on Thursday, December 18th. Barclays cut their price target on Eaton from $362.00 to $350.00 and set an “equal weight” rating for the company in a research note on Wednesday, January 7th. KeyCorp lifted their price objective on Eaton from $410.00 to $420.00 and gave the company an “overweight” rating in a report on Tuesday, October 14th. HSBC upgraded Eaton from a “hold” rating to a “buy” rating and set a $400.00 target price for the company in a research report on Friday. Finally, Mizuho raised their price target on Eaton from $385.00 to $425.00 and gave the stock an “outperform” rating in a research report on Friday, October 17th. One equities research analyst has rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating and seven have given a Hold rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $388.74.

Eaton Stock Performance

Shares of NYSE ETN traded up $12.13 during trading hours on Friday, reaching $345.59. 717,814 shares of the stock were exchanged, compared to its average volume of 2,640,282. The firm has a market capitalization of $134.23 billion, a price-to-earnings ratio of 34.60, a P/E/G ratio of 2.19 and a beta of 1.20. The stock’s fifty day simple moving average is $335.36 and its 200 day simple moving average is $356.23. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.79 and a current ratio of 1.28. Eaton has a 52 week low of $231.85 and a 52 week high of $399.56.

Eaton (NYSE:ETN) last issued 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. The firm had revenue of $6.99 billion for the quarter, compared to analyst estimates of $7.09 billion. Eaton had a return on equity of 24.36% and a net margin of 14.74%.Eaton has set its Q4 2025 guidance at 3.230-3.430 EPS and its FY 2025 guidance at 11.970-12.170 EPS. Sell-side analysts predict that Eaton will post 12.02 EPS for the current year.

Insider Activity at Eaton

In related news, Director Gerald Johnson purchased 200 shares of Eaton stock in a transaction dated Tuesday, November 18th. The shares were bought at an average cost of $339.89 per share, for a total transaction of $67,978.00. Following the purchase, the director owned 400 shares in the company, valued at approximately $135,956. This trade represents a 100.00% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders have bought a total of 500 shares of company stock valued at $174,389 over the last three months. 0.30% of the stock is currently owned by corporate insiders.

Institutional Trading of Eaton

A number of hedge funds have recently added to or reduced their stakes in ETN. Brighton Jones LLC grew its position in Eaton by 1.4% during the 4th quarter. Brighton Jones LLC now owns 3,341 shares of the industrial products company’s stock worth $1,109,000 after acquiring an additional 45 shares during the last quarter. Revolve Wealth Partners LLC grew its holdings in shares of Eaton by 17.5% during the fourth 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 during the last quarter. Empowered Funds LLC increased its stake in shares of Eaton by 5.6% in the first quarter. Empowered Funds LLC now owns 9,402 shares of the industrial products company’s stock valued at $2,556,000 after buying an additional 496 shares during the period. Farther Finance Advisors LLC raised its holdings in Eaton by 24.4% in the 2nd quarter. Farther Finance Advisors LLC now owns 12,659 shares of the industrial products company’s stock valued at $4,519,000 after buying an additional 2,483 shares during the last quarter. Finally, GAMMA Investing LLC boosted its position in Eaton by 4.9% during the 2nd quarter. GAMMA Investing LLC now owns 13,864 shares of the industrial products company’s stock worth $4,949,000 after buying an additional 645 shares during the period. Institutional investors and hedge funds own 82.97% of the company’s stock.

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.