FY2026 EPS Estimates for Eaton Increased by Erste Group Bank

Eaton Corporation, PLC (NYSE:ETN) – Equities research analysts at Erste Group Bank raised their FY2026 earnings estimates for shares of Eaton in a research note issued on Friday, June 5th. Erste Group Bank analyst H. Engel now forecasts that the industrial products company will post earnings of $13.32 per share for the year, up from their previous estimate of $13.30. Erste Group Bank has a “Buy” rating on the stock. The consensus estimate for Eaton’s current full-year earnings is $13.32 per share. Erste Group Bank also issued estimates for Eaton’s FY2027 earnings at $15.75 EPS.

Several other brokerages have also recently commented on ETN. Barclays lifted their price objective on shares of Eaton from $340.00 to $392.00 and gave the company an “equal weight” rating in a research note on Wednesday, May 6th. Wells Fargo & Company lifted their price objective on shares of Eaton from $350.00 to $425.00 and gave the company an “equal weight” rating in a research note on Wednesday, May 6th. Jefferies Financial Group began coverage on shares of Eaton in a research note on Monday, March 16th. They set a “buy” rating and a $430.00 price objective for the company. Evercore set a $453.00 price objective on shares of Eaton in a research note on Monday, May 11th. Finally, Citigroup lifted their price objective on shares of Eaton from $464.00 to $471.00 and gave the company a “buy” rating in a research note on Wednesday, May 6th. Two analysts have rated the stock with a Strong Buy rating, fifteen have given a Buy rating and four have issued a Hold rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $420.95.

Eaton Stock Performance

Shares of NYSE ETN opened at $375.89 on Thursday. The company has a current ratio of 1.19, a quick ratio of 0.75 and a debt-to-equity ratio of 0.94. Eaton has a 12 month low of $311.92 and a 12 month high of $435.43. The company has a 50 day simple moving average of $398.76 and a two-hundred day simple moving average of $365.93. The stock has a market cap of $145.96 billion, a price-to-earnings ratio of 36.74, a PEG ratio of 2.58 and a beta of 1.19.

Eaton (NYSE:ETN) last announced its quarterly earnings data on Tuesday, May 5th. The industrial products company reported $2.81 EPS for the quarter, beating the consensus estimate of $2.73 by $0.08. Eaton had a net margin of 13.99% and a return on equity of 24.72%. The business had revenue of $7.45 billion during the quarter, compared to analysts’ expectations of $7.14 billion. During the same period in the previous year, the business posted $2.72 EPS. The business’s quarterly revenue was up 16.8% compared to the same quarter last year. Eaton has set its Q2 2026 guidance at 3.000-3.100 EPS and its FY 2026 guidance at 13.050-13.500 EPS.

Hedge Funds Weigh In On Eaton

Several large investors have recently made changes to their positions in ETN. Farmers National Bank raised its position in Eaton by 78.4% during the first quarter. Farmers National Bank now owns 12,360 shares of the industrial products company’s stock worth $4,421,000 after acquiring an additional 5,433 shares during the period. Evansbrook LLC acquired a new position in Eaton during the first quarter worth $778,000. Parallel Advisors LLC raised its position in Eaton by 5.3% during the first quarter. Parallel Advisors LLC now owns 9,156 shares of the industrial products company’s stock worth $3,275,000 after acquiring an additional 459 shares during the period. Glenmede Trust Co. NA raised its position in Eaton by 1.1% during the first quarter. Glenmede Trust Co. NA now owns 108,949 shares of the industrial products company’s stock worth $38,968,000 after acquiring an additional 1,199 shares during the period. Finally, Argent Capital Management LLC raised its position in Eaton by 33.6% during the first quarter. Argent Capital Management LLC now owns 162,990 shares of the industrial products company’s stock worth $58,297,000 after acquiring an additional 40,985 shares during the period. 82.97% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Eaton

In related news, insider Peter Denk sold 2,000 shares of the business’s stock in a transaction on Wednesday, May 6th. The shares were sold at an average price of $417.94, for a total value of $835,880.00. Following the completion of the transaction, the insider directly owned 7,102 shares in the company, valued at $2,968,209.88. The trade was a 21.97% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Antonio Galvao sold 494 shares of the business’s stock in a transaction on Wednesday, May 13th. The shares were sold at an average price of $405.86, for a total transaction of $200,494.84. Following the completion of the transaction, the insider owned 9,175 shares of the company’s stock, valued at approximately $3,723,765.50. This represents a 5.11% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders sold 21,028 shares of company stock worth $8,614,793. Insiders own 0.10% of the company’s stock.

Eaton Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, May 29th. Investors of record on Friday, May 8th were paid a $1.10 dividend. This represents a $4.40 annualized dividend and a dividend yield of 1.2%. The ex-dividend date was Friday, May 8th. Eaton’s payout ratio is currently 43.01%.

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.