Erste Group Bank Analysts Raise Earnings Estimates for Eaton

Eaton Corporation, PLC (NYSE:ETN) – Investment analysts at Erste Group Bank boosted their FY2026 EPS estimates for shares of Eaton in a research note issued on Wednesday, October 21st. Erste Group Bank analyst S. Lingnau now expects that the industrial products company will earn $13.59 per share for the year, up from their previous forecast of $13.57. The consensus estimate for Eaton’s current full-year earnings is $13.58 per share. Erste Group Bank also issued estimates for Eaton’s FY2027 earnings at $16.32 EPS.

Other research analysts have also recently issued research reports about the stock. Morgan Stanley boosted their price target on shares of Eaton from $500.00 to $520.00 and gave the stock an “overweight” rating in a report on Friday, August 28th. Royal Bank Of Canada lifted their price objective on shares of Eaton from $512.00 to $526.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 14th. Deutsche Bank Aktiengesellschaft increased their target price on Eaton from $493.00 to $521.00 and gave the company a “buy” rating in a report on Wednesday, September 30th. Wells Fargo & Company initiated coverage on Eaton in a research note on Thursday, September 24th. They issued an “overweight” rating and a $503.00 price target on the stock. Finally, HSBC lifted their price target on Eaton from $440.00 to $460.00 and gave the stock a “buy” rating in a report on Monday, August 3rd. One equities research analyst has rated the stock with a Strong Buy rating, twenty have assigned a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $484.10.

Eaton Stock Down 6.4%

ETN stock opened at $368.62 on Friday. The company’s 50 day moving average price is $417.37 and its 200 day moving average price is $411.34. The firm has a market capitalization of $143.17 billion, a price-to-earnings ratio of 37.50, a PEG ratio of 2.28 and a beta of 1.13. Eaton has a fifty-two week low of $311.92 and a fifty-two week high of $478.00. 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 (NYSE:ETN) last issued its quarterly earnings results on Friday, July 31st. The industrial products company reported $3.15 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.08 by $0.07. Eaton had a net margin of 12.75% and a return on equity of 24.58%. The business had revenue of $8.53 billion for the quarter, compared to analysts’ expectations of $8.16 billion. During the same quarter in the prior year, the company earned $2.95 earnings per share. The business’s quarterly revenue was up 21.4% on a year-over-year basis. Eaton has set its Q3 2026 guidance at 3.460-3.560 EPS and its FY 2026 guidance at 13.400-13.600 EPS.

Insider Buying and Selling

In other news, Director Gerald Johnson acquired 130 shares of the company’s stock in a transaction on Thursday, August 13th. The shares were bought at an average price of $455.90 per share, with a total value of $59,267.00. Following the completion of the acquisition, the director owned 1,829 shares in the company, valued at $833,841.10. This trade represents a 7.65% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Adam A. Wadecki sold 525 shares of Eaton stock in a transaction dated Tuesday, August 4th. The stock was sold at an average price of $440.54, for a total value of $231,283.50. Following the sale, the insider owned 1,054 shares in the company, valued at $464,329.16. This trade represents a 33.25% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 0.10% of the stock is owned by company insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in ETN. Wellington Management Group LLP boosted its holdings in shares of Eaton by 19.6% in the second quarter. Wellington Management Group LLP now owns 6,827,266 shares of the industrial products company’s stock valued at $2,909,235,000 after acquiring an additional 1,120,567 shares during the period. National Pension Service increased its holdings in shares of Eaton by 3.5% in the 2nd quarter. National Pension Service now owns 864,731 shares of the industrial products company’s stock valued at $368,479,000 after acquiring an additional 29,436 shares during the period. AMF Tjanstepension AB boosted its stake in Eaton by 1.4% during the 3rd quarter. AMF Tjanstepension AB now owns 364,814 shares of the industrial products company’s stock worth $156,764,000 after purchasing an additional 5,168 shares during the period. Clal Insurance Enterprises Holdings Ltd boosted its stake in Eaton by 112.6% during the 1st quarter. Clal Insurance Enterprises Holdings Ltd now owns 336,060 shares of the industrial products company’s stock worth $120,199,000 after purchasing an additional 178,000 shares during the period. Finally, Assenagon Asset Management S.A. grew its position in Eaton by 87.1% during the 3rd quarter. Assenagon Asset Management S.A. now owns 282,750 shares of the industrial products company’s stock worth $121,501,000 after purchasing an additional 131,624 shares during the last quarter. Hedge funds and other institutional investors own 82.97% of the company’s stock.

Eaton Company Profile

Eaton Corporation plc is a global intelligent power management company that helps businesses, utilities, data centers, manufacturers and other organizations manage electrical, hydraulic and mechanical power more safely, efficiently and reliably. Its solutions support applications ranging from power distribution and backup systems to industrial automation, building infrastructure and transportation.

The company’s Electrical segment provides products and systems such as circuit breakers, switchgear, power distribution equipment, surge protection, energy management software and data center power solutions.