Eaton Corporation, PLC (NYSE:ETN) Given Consensus Rating of “Moderate Buy” by Brokerages

Shares of Eaton Corporation, PLC (NYSE:ETN) have earned an average rating of “Moderate Buy” from the twenty-one brokerages that are presently covering the stock, Marketbeat reports. Four research analysts have rated the stock with a hold recommendation, fifteen have given a buy recommendation and two have given a strong buy recommendation to the company. The average 1-year target price among brokerages that have updated their coverage on the stock in the last year is $420.95.

A number of analysts have recently commented on the company. KeyCorp boosted their price target on Eaton from $420.00 to $480.00 and gave the company an “overweight” rating in a report on Wednesday, May 6th. Royal Bank Of Canada boosted their price target on Eaton from $457.00 to $484.00 and gave the company an “outperform” rating in a report on Wednesday, May 6th. Jefferies Financial Group assumed coverage on Eaton in a report on Monday, March 16th. They issued a “buy” rating and a $430.00 price target on the stock. JPMorgan Chase & Co. boosted their price target on Eaton from $406.00 to $445.00 and gave the company an “overweight” rating in a report on Wednesday, May 6th. Finally, Barclays boosted their price target on Eaton from $340.00 to $392.00 and gave the company an “equal weight” rating in a report on Wednesday, May 6th.

Eaton Stock Down 0.1%

Eaton stock opened at $400.07 on Thursday. The company’s 50 day simple moving average is $392.50 and its 200 day simple moving average is $363.07. Eaton has a fifty-two week low of $311.90 and a fifty-two week high of $435.43. The firm has a market capitalization of $155.35 billion, a price-to-earnings ratio of 39.11, a PEG ratio of 2.58 and a beta of 1.20. The company has a debt-to-equity ratio of 0.94, a current ratio of 1.19 and a quick ratio of 0.75.

Eaton (NYSE:ETN) last announced its quarterly earnings results on Tuesday, May 5th. The industrial products company reported $2.81 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.73 by $0.08. Eaton had a return on equity of 24.72% and a net margin of 13.99%.The company had revenue of $7.45 billion during the quarter, compared to the consensus estimate of $7.14 billion. During the same period in the prior year, the company earned $2.72 earnings per share. The company’s revenue for the quarter 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 will post 13.32 EPS for the current year.

Eaton Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, May 29th. Stockholders of record on Friday, May 8th were issued a $1.10 dividend. This represents a $4.40 dividend on an annualized basis and a dividend yield of 1.1%. The ex-dividend date was Friday, May 8th. Eaton’s payout ratio is 43.01%.

Insider Buying and Selling

In other news, insider Peter Denk sold 2,000 shares of the business’s stock in a transaction dated Wednesday, May 6th. The stock was sold at an average price of $417.94, for a total value of $835,880.00. Following the sale, 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 ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Gerald Johnson bought 215 shares of the company’s stock in a transaction that occurred on Monday, May 11th. The shares were bought at an average price of $419.02 per share, for a total transaction of $90,089.30. Following the acquisition, the director directly owned 1,629 shares of the company’s stock, valued at $682,583.58. This represents a 15.21% increase in their position. The disclosure for this purchase is available in the SEC filing. Over the last quarter, insiders sold 21,028 shares of company stock valued at $8,614,793. Corporate insiders own 0.10% of the company’s stock.

Hedge Funds Weigh In On Eaton

A number of institutional investors have recently bought and sold shares of the business. Fayez Sarofim & Co increased its position in Eaton by 3.4% during the third quarter. Fayez Sarofim & Co now owns 1,256,177 shares of the industrial products company’s stock worth $474,444,000 after buying an additional 40,792 shares during the last quarter. Williams Jones Wealth Management LLC. increased its position in Eaton by 3.3% during the third quarter. Williams Jones Wealth Management LLC. now owns 515,587 shares of the industrial products company’s stock worth $192,958,000 after buying an additional 16,422 shares during the last quarter. SG Americas Securities LLC increased its position in Eaton by 438.9% during 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 during the last quarter. Clal Insurance Enterprises Holdings Ltd increased its position in Eaton by 112.6% during the first quarter. Clal Insurance Enterprises Holdings Ltd now owns 336,060 shares of the industrial products company’s stock worth $120,199,000 after buying an additional 178,000 shares during the last quarter. Finally, Silvercrest Asset Management Group LLC increased its position in Eaton by 23.1% during the fourth quarter. Silvercrest Asset Management Group LLC now owns 310,859 shares of the industrial products company’s stock worth $99,012,000 after buying an additional 58,281 shares during the last quarter. Institutional investors and hedge funds own 82.97% of the company’s stock.

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.