Eaton Corporation, PLC (NYSE:ETN) Receives $384.30 Consensus PT from Analysts

Shares of Eaton Corporation, PLC (NYSE:ETN) have been given an average rating of “Moderate Buy” by the twenty-three ratings firms that are currently covering the stock, Marketbeat Ratings reports. Seven equities research analysts have rated the stock with a hold recommendation, fourteen have given a buy recommendation and two have issued a strong buy recommendation on the company. The average 1-year target price among brokerages that have updated their coverage on the stock in the last year is $384.30.

ETN has been the subject of several analyst reports. KeyCorp boosted their target price on Eaton from $410.00 to $420.00 and gave the stock an “overweight” rating in a research note on Tuesday, October 14th. Wolfe Research raised Eaton from a “peer perform” rating to an “outperform” rating and set a $413.00 price objective for the company in a research report on Tuesday, December 9th. Citigroup decreased their price target on shares of Eaton from $442.00 to $435.00 and set a “buy” rating for the company in a research note on Monday, January 12th. Mizuho increased their price objective on shares of Eaton from $385.00 to $425.00 and gave the company an “outperform” rating in a research report on Friday, October 17th. Finally, Barclays decreased their price objective on shares of Eaton from $362.00 to $350.00 and set an “equal weight” rating for the company in a research report on Wednesday, January 7th.

Eaton Stock Up 2.0%

Shares of ETN opened at $354.10 on Friday. The company’s 50-day simple moving average is $332.39 and its 200-day simple moving average is $354.94. 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 1 year low of $231.85 and a 1 year high of $399.56. The stock has a market capitalization of $137.53 billion, a PE ratio of 35.41, a P/E/G ratio of 2.29 and a beta of 1.20.

Eaton (NYSE:ETN) last announced its earnings results on Tuesday, November 4th. The industrial products company reported $3.07 earnings per share for the quarter, topping the consensus estimate of $3.06 by $0.01. Eaton had a net margin of 14.74% and a return on equity of 24.36%. The firm had revenue of $6.99 billion for the quarter, compared to the consensus estimate of $7.09 billion. Eaton has set its Q4 2025 guidance at 3.230-3.430 EPS and its FY 2025 guidance at 11.970-12.170 EPS. Analysts forecast that Eaton will post 12.02 earnings per share for the current fiscal year.

Insider Activity

In other Eaton news, Director Gerald Johnson acquired 200 shares of the company’s stock in a transaction dated Tuesday, November 18th. The shares were acquired at an average price of $339.89 per share, for a total transaction of $67,978.00. Following the acquisition, the director owned 400 shares in the company, valued at $135,956. The trade was a 100.00% increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Corporate insiders own 0.30% of the company’s stock.

Institutional Trading of Eaton

Several institutional investors have recently modified their holdings of ETN. Eagle Bay Advisors LLC purchased a new position in shares of Eaton in the 4th quarter valued at $29,000. WFA of San Diego LLC acquired a new position in Eaton in the second quarter valued at $36,000. Imprint Wealth LLC purchased a new position in shares of Eaton during the third quarter worth about $39,000. Redmont Wealth Advisors LLC purchased a new stake in shares of Eaton in the 3rd quarter valued at about $40,000. Finally, SOA Wealth Advisors LLC. grew its stake in Eaton by 36.0% during the 2nd quarter. SOA Wealth Advisors LLC. now owns 136 shares of the industrial products company’s stock worth $49,000 after buying an additional 36 shares during the last quarter. Hedge funds and other institutional investors own 82.97% of the company’s stock.

Eaton Company Profile

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.