Eaton (NYSE:ETN) Sets New 52-Week High – Here’s Why

Eaton Corporation, PLC (NYSE:ETN)’s stock price reached a new 52-week high on Wednesday . The company traded as high as $401.00 and last traded at $392.2290, with a volume of 787675 shares trading hands. The stock had previously closed at $377.47.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on ETN shares. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Eaton in a research report on Wednesday, January 21st. HSBC raised Eaton from a “hold” rating to a “buy” rating and set a $400.00 price target for the company in a research note on Friday, January 16th. Royal Bank Of Canada reaffirmed an “outperform” rating and issued a $407.00 target price on shares of Eaton in a research report on Wednesday, February 4th. 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. Finally, Morgan Stanley reiterated an “overweight” rating and set a $425.00 target price on shares of Eaton in a report on Wednesday, February 4th. Two analysts have rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and five have given a Hold rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $389.89.

Eaton Price Performance

The firm has a market capitalization of $154.19 billion, a PE ratio of 37.89, a PEG ratio of 2.60 and a beta of 1.20. The firm’s fifty day simple moving average is $336.77 and its 200-day simple moving average is $354.11. The company has a quick ratio of 0.81, a current ratio of 1.32 and a debt-to-equity ratio of 0.45.

Eaton (NYSE:ETN) last announced its quarterly earnings results on Tuesday, February 3rd. The industrial products company reported $3.33 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $3.33. Eaton had a return on equity of 25.00% and a net margin of 14.89%.The firm had revenue of $7.06 billion for the quarter, compared to the consensus estimate of $7.15 billion. During the same period in the prior year, the company posted $2.83 earnings per share. The company’s quarterly revenue was up 13.1% on a year-over-year basis. Eaton has set its Q1 2026 guidance at 2.650-2.850 EPS and its FY 2026 guidance at 13.000-13.500 EPS. On average, research analysts forecast that Eaton Corporation, PLC will post 12.02 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, Director Gerald Johnson purchased 200 shares of the company’s stock in a transaction dated Tuesday, November 18th. The shares were purchased at an average cost of $339.89 per share, for a total transaction of $67,978.00. Following the purchase, the director directly owned 400 shares in the company, valued at approximately $135,956. This represents a 100.00% increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Corporate insiders own 0.30% of the company’s stock.

Hedge Funds Weigh In On Eaton

A number of institutional investors and hedge funds have recently made changes to their positions in ETN. PFA Pension Forsikringsaktieselskab bought a new stake in shares of Eaton during the 4th quarter valued at $97,989,000. SG Americas Securities LLC increased its position in Eaton by 438.9% in the fourth quarter. SG Americas Securities LLC now owns 364,877 shares of the industrial products company’s stock worth $116,217,000 after buying an additional 297,166 shares in the last quarter. Mediolanum International Funds Ltd raised its stake in shares of Eaton by 93.4% in the second quarter. Mediolanum International Funds Ltd now owns 106,114 shares of the industrial products company’s stock worth $37,483,000 after buying an additional 51,255 shares during the period. Fayez Sarofim & Co grew its stake in shares of Eaton by 3.4% during the 3rd quarter. Fayez Sarofim & Co now owns 1,256,177 shares of the industrial products company’s stock valued at $474,444,000 after acquiring an additional 40,792 shares during the period. Finally, Baird Financial Group Inc. increased its holdings in Eaton by 8.8% in the 2nd quarter. Baird Financial Group Inc. now owns 370,531 shares of the industrial products company’s stock worth $132,276,000 after acquiring an additional 29,900 shares in 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.