Eaton (NYSE:ETN) Reaches New 52-Week High – Here’s What Happened

Eaton Corporation, PLC (NYSE:ETN) reached a new 52-week high during trading on Wednesday . The company traded as high as $401.00 and last traded at $392.2290, with a volume of 787675 shares changing hands. The stock had previously closed at $377.47.

Analysts Set New Price Targets

A number of analysts have recently issued reports on ETN shares. Weiss Ratings reiterated a “buy (b-)” rating on shares of Eaton in a report on Wednesday, January 21st. JPMorgan Chase & Co. lowered their price objective on Eaton from $440.00 to $406.00 and set an “overweight” rating for the company in a research report on Friday, January 16th. Wells Fargo & Company raised their price target on shares of Eaton from $340.00 to $370.00 and gave the stock an “equal weight” rating in a report on Wednesday, February 4th. Mizuho increased their price objective on shares of Eaton from $385.00 to $425.00 and gave the stock an “outperform” rating in a research report on Friday, October 17th. Finally, Sanford C. Bernstein reissued an “outperform” rating on shares of Eaton in a research report on Tuesday, January 27th. Two research analysts have rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and five have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $389.89.

Eaton Price Performance

The company has a debt-to-equity ratio of 0.45, a quick ratio of 0.81 and a current ratio of 1.32. The business has a 50 day simple moving average of $336.77 and a 200-day simple moving average of $354.11. The firm has a market cap of $154.19 billion, a price-to-earnings ratio of 37.89, a P/E/G ratio of 2.60 and a beta of 1.20.

Eaton (NYSE:ETN) last posted its earnings results on Tuesday, February 3rd. The industrial products company reported $3.33 earnings per share for the quarter, meeting analysts’ consensus estimates of $3.33. Eaton had a return on equity of 25.00% and a net margin of 14.89%.The company had revenue of $7.06 billion for the quarter, compared to analyst estimates of $7.15 billion. During the same quarter last year, the company earned $2.83 earnings per share. The company’s revenue for the quarter was up 13.1% on a year-over-year basis. Eaton has set its Q1 2026 guidance at 2.650-2.850 EPS and its FY 2026 guidance at 13.000-13.500 EPS. Equities research analysts expect that Eaton Corporation, PLC will post 12.02 earnings per share for the current year.

Insider Activity

In related news, Director Gerald Johnson acquired 200 shares of the company’s stock in a transaction that occurred on Tuesday, November 18th. The shares were acquired at an average price of $339.89 per share, with a total value of $67,978.00. Following the acquisition, the director owned 400 shares of the company’s stock, valued at approximately $135,956. This trade represents a 100.00% increase in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Insiders own 0.30% of the company’s stock.

Hedge Funds Weigh In On Eaton

Hedge funds and other institutional investors have recently bought and sold shares of the stock. DB&C Advisors LLC purchased a new stake in shares of Eaton during the 4th quarter valued at $1,408,000. Greykasell Wealth Strategies Inc. raised its position in Eaton by 1,405.0% during the fourth quarter. Greykasell Wealth Strategies Inc. now owns 301 shares of the industrial products company’s stock valued at $96,000 after purchasing an additional 281 shares in the last quarter. First Command Advisory Services Inc. boosted its holdings in shares of Eaton by 4.4% in the 4th quarter. First Command Advisory Services Inc. now owns 863 shares of the industrial products company’s stock worth $275,000 after purchasing an additional 36 shares in the last quarter. Bowen Hanes & Co. Inc. raised its holdings in shares of Eaton by 3.9% during the 4th quarter. Bowen Hanes & Co. Inc. now owns 203,355 shares of the industrial products company’s stock valued at $64,771,000 after buying an additional 7,575 shares in the last quarter. Finally, Spinnaker Trust grew its holdings in shares of Eaton by 13.6% during the 4th quarter. Spinnaker Trust now owns 2,105 shares of the industrial products company’s stock valued at $670,000 after purchasing an additional 252 shares during the last quarter. Hedge funds and other institutional investors 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.