Eaton Corporation, PLC (NYSE:ETN) Receives $431.78 Consensus Price Target from Analysts

Eaton Corporation, PLC (NYSE:ETN) has been given an average rating of “Moderate Buy” by the twenty brokerages that are presently covering the company, MarketBeat.com reports. Four analysts have rated the stock with a hold rating, fourteen have issued a buy rating and two have assigned a strong buy rating to the company. The average 12 month target price among analysts that have updated their coverage on the stock in the last year is $431.7778.

A number of equities research analysts have recently commented on ETN shares. Weiss Ratings cut shares of Eaton from a “buy (b)” rating to a “buy (b-)” rating in a report on Monday, May 18th. Sanford C. Bernstein reissued an “outperform” rating on shares of Eaton in a report on Monday, August 3rd. Citigroup upped their price objective on Eaton from $471.00 to $485.00 and gave the company a “buy” rating in a research note on Monday, August 3rd. Wells Fargo & Company increased their price objective on Eaton from $350.00 to $425.00 and gave the stock an “equal weight” rating in a research report on Wednesday, May 6th. Finally, Morgan Stanley reiterated an “overweight” rating and issued a $500.00 target price on shares of Eaton in a research note on Sunday, May 10th.

Insider Activity at Eaton

In other Eaton news, 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 value of $64,295.00. Following the transaction, the director directly owned 1,096 shares of the company’s stock, valued at approximately $421,960. The trade was a 13.22% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Heath B. Monesmith sold 18,036 shares of the company’s stock in a transaction on Tuesday, August 11th. The stock was sold at an average price of $458.04, for a total transaction of $8,261,209.44. Following the transaction, the insider owned 50,368 shares of the company’s stock, valued at approximately $23,070,558.72. The trade was a 26.37% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 18,728 shares of company stock worth $8,556,788 in the last three months. Insiders own 0.10% of the company’s stock.

Institutional Investors Weigh In On Eaton

A number of hedge funds have recently added to or reduced their stakes in ETN. North Star Investment Management Corp. raised its stake in shares of Eaton by 0.3% during the 1st quarter. North Star Investment Management Corp. now owns 8,101 shares of the industrial products company’s stock worth $2,897,000 after buying an additional 28 shares in the last quarter. Bogart Wealth LLC lifted its holdings in Eaton by 1.3% in the first quarter. Bogart Wealth LLC now owns 2,184 shares of the industrial products company’s stock valued at $781,000 after acquiring an additional 29 shares during the period. Pring Turner Capital Group Inc. boosted its position in shares of Eaton by 0.3% during the 4th quarter. Pring Turner Capital Group Inc. now owns 10,528 shares of the industrial products company’s stock worth $3,353,000 after purchasing an additional 30 shares in the last quarter. Ellevest Inc. grew its stake in shares of Eaton by 2.5% during the 4th quarter. Ellevest Inc. now owns 1,281 shares of the industrial products company’s stock worth $408,000 after purchasing an additional 31 shares during the period. Finally, Douglass Winthrop Advisors LLC grew its stake in shares of Eaton by 1.2% during the 4th quarter. Douglass Winthrop Advisors LLC now owns 2,613 shares of the industrial products company’s stock worth $832,000 after purchasing an additional 31 shares during the period. Institutional investors and hedge funds own 82.97% of the company’s stock.

Eaton Stock Down 1.4%

Eaton stock opened at $453.71 on Tuesday. 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. The company has a market capitalization of $176.22 billion, a P/E ratio of 46.16, a PEG ratio of 2.91 and a beta of 1.18. The stock has a 50-day simple moving average of $412.53 and a 200-day simple moving average of $392.72.

Eaton (NYSE:ETN) last released its quarterly earnings results on Friday, July 31st. The industrial products company reported $3.15 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.08 by $0.07. The firm had revenue of $8.53 billion for the quarter, compared to the consensus estimate of $8.16 billion. Eaton had a return on equity of 24.58% and a net margin of 12.75%.The firm’s quarterly revenue was up 21.4% compared to the same quarter last year. During the same quarter last year, the business posted $2.95 EPS. Eaton has set its Q3 2026 guidance at 3.460-3.560 EPS and its FY 2026 guidance at 13.400-13.600 EPS. Equities research analysts expect that Eaton will post 13.54 earnings per share for the current year.

Eaton Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, August 28th. Investors of record on Friday, August 7th will be issued a dividend of $1.10 per share. The ex-dividend date of this dividend is Friday, August 7th. This represents a $4.40 annualized dividend and a dividend yield of 1.0%. Eaton’s dividend payout ratio (DPR) is currently 44.76%.

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.