Eaton Stock Gets Increased EPS Estimate from Zacks Research

Eaton Corporation, PLC (NYSE:ETN) – Investment analysts at Zacks Research boosted their Q4 2026 EPS estimates for shares of Eaton in a research report issued to clients and investors on Thursday, October 22nd. Zacks Research analyst Team now anticipates that the industrial products company will post earnings of $4.04 per share for the quarter, up from their prior forecast of $4.03. The consensus estimate for Eaton’s current full-year earnings is $13.58 per share.

Eaton (NYSE:ETN) last issued its quarterly earnings results on Friday, July 31st. The industrial products company reported $3.15 earnings per share for the quarter, topping 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 for the quarter, compared to analyst estimates of $8.16 billion. During the same quarter in the previous year, the firm earned $2.95 earnings per share. The company’s 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.

ETN has been the subject of a number of other reports. Weiss Ratings upgraded shares of Eaton from a “buy (b-)” rating to a “buy (b)” rating in a research report on Thursday, October 8th. HSBC increased their price target on Eaton from $440.00 to $460.00 and gave the stock a “buy” rating in a research report on Monday, August 3rd. Raymond James Financial boosted their price objective on Eaton from $465.00 to $525.00 and gave the company an “outperform” rating in a report on Wednesday, August 5th. Wall Street Zen downgraded Eaton from a “buy” rating to a “hold” rating in a research note on Sunday, August 16th. Finally, BMO Capital Markets raised their target price on Eaton from $477.00 to $487.00 and gave the stock an “outperform” rating in a report on Monday, August 3rd. One equities research analyst has rated the stock with a Strong Buy rating, twenty have issued a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $484.10.

Eaton Trading Down 6.4%

Shares of NYSE:ETN opened at $368.62 on Friday. The company has a quick ratio of 0.79, a current ratio of 1.24 and a debt-to-equity ratio of 0.91. Eaton has a 52-week low of $311.92 and a 52-week high of $478.00. The stock has a market cap of $143.17 billion, a price-to-earnings ratio of 37.50, a PEG ratio of 2.28 and a beta of 1.13. The business has a 50-day moving average price of $417.37 and a 200-day moving average price of $411.34.

Insider Buying and Selling

In other Eaton news, insider Adam A. Wadecki sold 525 shares of Eaton stock in a transaction on Tuesday, August 4th. The shares were sold at an average price of $440.54, for a total transaction of $231,283.50. Following the sale, the insider owned 1,054 shares of the company’s stock, valued at $464,329.16. The trade was a 33.25% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Heath B. Monesmith sold 18,036 shares of the stock in a transaction dated 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 of the company’s stock, valued at approximately $23,070,558.72. The trade was a 26.37% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders own 0.10% of the company’s stock.

Institutional Trading of Eaton

Hedge funds have recently made changes to their positions in the company. Security National Bank of SO Dak acquired a new position in shares of Eaton in the 2nd quarter worth approximately $26,000. Manning & Napier Advisors LLC acquired a new stake in Eaton in the 2nd quarter valued at approximately $27,000. Curry Webb Wealth Management LLC purchased a new stake in Eaton in the third quarter valued at approximately $29,000. North Point Portfolio Managers Corp OH purchased a new stake in Eaton in the third quarter valued at approximately $34,000. Finally, Archer Investment Corp acquired a new position in Eaton during the second quarter worth $35,000. Hedge funds and other institutional investors own 82.97% of the company’s stock.

Key Eaton News

Here are the key news stories impacting Eaton this week:

• Positive Sentiment: Analysts continue to modestly raise their earnings expectations. Zacks Research increased its fourth-quarter 2026 EPS estimate to $4.04 from $4.03, while Erste Group lifted its fiscal 2026 estimate to $13.59 from $13.57 and its fiscal 2027 forecast to $16.32 from $16.12. The fiscal 2026 estimates are essentially in line with the $13.58 consensus, suggesting expectations remain stable to slightly improving. Eaton analyst estimate report
• Positive Sentiment: Eaton is scheduled to report its next results on November 3. The event could provide investors with updated guidance and evidence of continued demand in its electrical and industrial businesses. Eaton schedules November 3 results
• Neutral Sentiment: The average brokerage recommendation remains favorable, but the usefulness of the bullish consensus is limited because sell-side ratings can be overly optimistic and do not necessarily predict near-term performance. Wall Street analysts on Eaton
• Negative Sentiment: Eaton’s latest-session decline was substantially worse than the broader market, indicating strong near-term selling pressure. With the stock at a P/E ratio of about 37.5 and below key moving averages, investors may be reducing exposure to the highly valued industrial name despite its resilient earnings outlook. Eaton shares decline more than broader market

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.