Eaton Corporation, PLC (NYSE:ETN) Stock Has Average Target Price of $456.50

Eaton Corporation, PLC (NYSE:ETN) has been given an average recommendation of “Buy” by the eighteen brokerages that are presently covering the firm, Marketbeat.com reports. One research analyst has rated the stock with a hold rating, fifteen have given a buy rating and two have issued a strong buy rating on the company. The average 12 month price objective among brokerages that have covered the stock in the last year is $456.50.

Several equities research analysts recently issued reports on ETN shares. Royal Bank Of Canada lifted their price objective on Eaton from $484.00 to $512.00 and gave the stock an “outperform” rating in a report on Monday, August 3rd. Weiss Ratings raised Eaton from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Friday, August 28th. Morgan Stanley increased their price objective on Eaton from $500.00 to $520.00 and gave the stock an “overweight” rating in a research report on Friday, August 28th. UBS Group upgraded shares of Eaton from a “neutral” rating to a “buy” rating and lifted their price target for the company from $450.00 to $515.00 in a research report on Monday, September 7th. Finally, Citigroup upped their price objective on shares of Eaton from $471.00 to $485.00 and gave the stock a “buy” rating in a report on Monday, August 3rd.

Insider Buying and Selling at Eaton

In related news, insider Adam A. Wadecki sold 525 shares of Eaton stock in a transaction that occurred on Tuesday, August 4th. The shares were sold at an average price of $440.54, for a total value of $231,283.50. Following the completion of the transaction, the insider owned 1,054 shares in the company, valued at $464,329.16. The trade was a 33.25% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Heath B. Monesmith sold 18,036 shares of the firm’s stock in a transaction on Tuesday, August 11th. The shares were sold at an average price of $458.04, for a total transaction of $8,261,209.44. Following the completion of the sale, the insider owned 50,368 shares in the company, valued at $23,070,558.72. The trade was a 26.37% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 0.10% of the stock is owned by corporate insiders.

Institutional Trading of Eaton

Institutional investors have recently bought and sold shares of the business. Security National Bank of SO Dak purchased a new position in Eaton during the second quarter worth about $26,000. Manning & Napier Advisors LLC purchased a new stake in Eaton in the second quarter valued at approximately $27,000. Hilton Head Capital Partners LLC acquired a new position in Eaton during the fourth quarter worth approximately $26,000. Archer Investment Corp purchased a new stake in Eaton during the second quarter valued at about $35,000. Finally, Gunpowder Capital Management LLC dba Oliver Wealth Management acquired a new stake in Eaton during the fourth quarter worth about $28,000. 82.97% of the stock is owned by hedge funds and other institutional investors.

Eaton Stock Down 0.4%

ETN opened at $435.35 on Wednesday. The stock has a market capitalization of $169.09 billion, a price-to-earnings ratio of 44.29, a PEG ratio of 2.66 and a beta of 1.13. The company has a fifty day moving average of $422.21 and a two-hundred day moving average of $406.09. The company has a debt-to-equity ratio of 0.91, a quick ratio of 0.79 and a current ratio of 1.24. Eaton has a fifty-two week low of $311.92 and a fifty-two week high of $478.00.

Eaton (NYSE:ETN) last posted its quarterly earnings data on Friday, July 31st. The industrial products company reported $3.15 EPS for the quarter, beating analysts’ consensus estimates of $3.08 by $0.07. Eaton had a return on equity of 24.58% and a net margin of 12.75%.The business had revenue of $8.53 billion during the quarter, compared to analysts’ expectations of $8.16 billion. During the same period in the previous year, the business earned $2.95 earnings per share. The business’s revenue was up 21.4% compared to the same quarter last year. Eaton has set its Q3 2026 guidance at 3.460-3.560 EPS and its FY 2026 guidance at 13.400-13.600 EPS. On average, research analysts expect that Eaton will post 13.57 earnings per share for the current year.

Eaton Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, August 28th. Shareholders of record on Friday, August 7th were issued a dividend of $1.10 per share. The ex-dividend date was Friday, August 7th. This represents a $4.40 annualized dividend and a yield of 1.0%. Eaton’s dividend payout ratio is 44.76%.

About Eaton

Eaton Corporation plc (NYSE: ETN) is a global power management company that helps customers manage electrical, hydraulic and mechanical power more safely, efficiently and reliably. Its products and systems serve commercial, industrial, utility, data center, residential, aerospace, vehicle and mobility applications.

The company’s electrical businesses provide circuit protection and control equipment, power distribution systems, connectivity solutions, backup power and other technologies used to support critical infrastructure and improve energy efficiency.