Eaton Corporation, PLC (NYSE:ETN – Get Free Report)’s share price dropped 3.2% during mid-day trading on Thursday . The stock traded as low as $392.30 and last traded at $398.9350. 2,590,408 shares changed hands during mid-day trading, a decline of 6% from the average daily volume of 2,757,096 shares. The stock had previously closed at $412.31.
Eaton News Roundup
Here are the key news stories impacting Eaton this week:
- Positive Sentiment: Eaton announced its 2025 Sustainability Report, highlighting a 40% emissions reduction and $2.1 billion in R&D investment, which reinforces its long-term innovation and efficiency story. Eaton Accelerates Sustainability Impact with 40% Emissions Reduction and $2.1B in R&D Investment
- Positive Sentiment: Eaton also announced a strategic partnership with VoltServer to advance next-generation power distribution, supporting its exposure to electrification and power infrastructure demand. VoltServer and Eaton Form Strategic Partnership to Advance Next-Generation Power Distribution
- Positive Sentiment: Analysts have recently nudged earnings estimates higher for Eaton, indicating confidence in the company’s near-term profit outlook.
- Positive Sentiment: ETN has also been added to multiple Russell growth indices, which can increase demand from index funds and raise the stock’s visibility with growth investors. Eaton (ETN) Is Up 5.1% After Joining Multiple Russell Growth Indices – What’s Changed
Wall Street Analysts Forecast Growth
Several equities research analysts recently commented on the stock. Royal Bank Of Canada lifted their price target on shares of Eaton from $457.00 to $484.00 and gave the stock an “outperform” rating in a research note on Wednesday, May 6th. JPMorgan Chase & Co. raised their price objective on Eaton from $406.00 to $445.00 and gave the stock an “overweight” rating in a report on Wednesday, May 6th. BMO Capital Markets initiated coverage on Eaton in a research report on Friday, March 27th. They set an “outperform” rating and a $428.00 target price on the stock. Erste Group Bank assumed coverage on Eaton in a report on Tuesday, May 5th. They issued a “buy” rating for the company. Finally, Weiss Ratings cut Eaton from a “buy (b)” rating to a “buy (b-)” rating in a research report on Monday, May 18th. Two equities research analysts have rated the stock with a Strong Buy rating, fifteen have given a Buy rating and four have given a Hold rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $420.95.
Eaton Price Performance
The company has a debt-to-equity ratio of 0.94, a quick ratio of 0.75 and a current ratio of 1.19. The company has a market capitalization of $154.91 billion, a PE ratio of 39.00, a P/E/G ratio of 2.74 and a beta of 1.18. The company’s 50-day simple moving average is $406.72 and its 200-day simple moving average is $373.46.
Eaton (NYSE:ETN – Get Free Report) last announced its earnings results on Tuesday, May 5th. The industrial products company reported $2.81 EPS for the quarter, beating analysts’ consensus estimates 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 prior year, the company earned $2.72 earnings per share. The business’s 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. As a group, sell-side analysts anticipate that Eaton Corporation, PLC will post 13.33 earnings per share for the current year.
Eaton Announces Dividend
The business also recently announced a quarterly dividend, which was paid on Friday, May 29th. Shareholders of record on Friday, May 8th were paid a $1.10 dividend. This represents a $4.40 annualized dividend and a dividend yield of 1.1%. The ex-dividend date was Friday, May 8th. Eaton’s dividend payout ratio (DPR) is 43.01%.
Insiders Place Their Bets
In related news, insider Antonio Galvao sold 494 shares of Eaton stock in a transaction on Wednesday, May 13th. The shares were sold at an average price of $405.86, for a total value of $200,494.84. Following the transaction, the insider directly owned 9,175 shares in the company, valued at $3,723,765.50. This trade represents a 5.11% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Dorothy C. Thompson sold 167 shares of the business’s stock in a transaction on Friday, May 22nd. The shares were sold at an average price of $385.00, for a total transaction of $64,295.00. Following the completion of the transaction, the director directly owned 1,096 shares in the company, valued at $421,960. This represents a 13.22% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last 90 days, insiders have sold 21,028 shares of company stock valued at $8,614,793. 0.10% of the stock is owned by company insiders.
Institutional Trading of Eaton
Several hedge funds and other institutional investors have recently made changes to their positions in ETN. PFA Pension Forsikringsaktieselskab acquired a new position in shares of Eaton during the fourth quarter worth about $97,989,000. SG Americas Securities LLC lifted 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 valued at $116,217,000 after purchasing an additional 297,166 shares during the period. Clal Insurance Enterprises Holdings Ltd boosted its holdings in Eaton by 112.6% in the 1st quarter. Clal Insurance Enterprises Holdings Ltd now owns 336,060 shares of the industrial products company’s stock valued at $120,199,000 after purchasing an additional 178,000 shares in the last quarter. Munich Reinsurance Co Stock Corp in Munich increased its position in Eaton by 24,986.3% during the 1st quarter. Munich Reinsurance Co Stock Corp in Munich now owns 154,281 shares of the industrial products company’s stock worth $55,182,000 after purchasing an additional 153,666 shares during the period. Finally, Silvercrest Asset Management Group LLC increased its position in Eaton by 23.1% during the 4th quarter. Silvercrest Asset Management Group LLC now owns 310,859 shares of the industrial products company’s stock worth $99,012,000 after purchasing an additional 58,281 shares during the period. 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.
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