Eaton (NYSE:ETN) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of Eaton (NYSE:ETN) from a hold rating to a buy rating in a research report sent to investors on Saturday.

Several other research analysts have also weighed in on ETN. Wells Fargo & Company upped their target price on shares of Eaton from $350.00 to $425.00 and gave the stock an “equal weight” rating in a research report on Wednesday, May 6th. Weiss Ratings downgraded shares of Eaton from a “buy (b)” rating to a “buy (b-)” rating in a research report on Monday, May 18th. Evercore upgraded Eaton from an “in-line” rating to an “outperform” rating and set a $502.00 price target on the stock in a report on Monday, August 3rd. BMO Capital Markets raised their price objective on Eaton from $477.00 to $487.00 and gave the company an “outperform” rating in a research note on Monday, August 3rd. Finally, Barclays lifted their price objective on Eaton from $340.00 to $392.00 and gave the stock an “equal weight” rating in a report on Wednesday, May 6th. Two research analysts have rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and four have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $431.78.

Eaton Stock Down 0.8%

Eaton stock opened at $444.98 on Friday. The stock’s 50 day moving average price is $410.26 and its 200 day moving average price is $390.12. Eaton has a 1-year low of $311.92 and a 1-year high of $457.78. The company has a market cap of $172.83 billion, a PE ratio of 45.27, a price-to-earnings-growth ratio of 2.84 and a beta of 1.18. The company has a debt-to-equity ratio of 0.91, a current ratio of 1.24 and a quick ratio of 0.79.

Eaton (NYSE:ETN) last released its earnings results on Friday, July 31st. The industrial products company reported $3.15 EPS for the quarter, beating 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 company had revenue of $8.53 billion during the quarter, compared to the consensus estimate of $8.16 billion. During the same quarter last year, the company earned $2.95 earnings per share. Eaton’s quarterly revenue was up 21.4% compared to the same quarter last year. Eaton has set its Q3 2026 guidance at 3.460-3.560 EPS and its FY 2026 guidance at 13.400-13.600 EPS. On average, sell-side analysts predict that Eaton will post 13.51 EPS for the current fiscal year.

Eaton Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, August 28th. Stockholders of record on Friday, August 7th will be issued a dividend of $1.10 per share. The ex-dividend date 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 44.76%.

Insider Activity

In other Eaton news, 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 completion of the sale, the insider owned 1,054 shares in the company, valued at $464,329.16. The trade was a 33.25% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Dorothy C. Thompson sold 167 shares of the company’s stock in a transaction dated Friday, May 22nd. The shares were sold at an average price of $385.00, for a total transaction of $64,295.00. Following the transaction, the director directly owned 1,096 shares of the company’s stock, valued at approximately $421,960. This represents a 13.22% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 1,186 shares of company stock valued at $496,073 over the last quarter. Company insiders own 0.10% of the company’s stock.

Hedge Funds Weigh In On Eaton

Institutional investors and hedge funds have recently bought and sold shares of the stock. Brighton Jones LLC boosted its holdings in shares of Eaton by 1.4% in the 4th quarter. Brighton Jones LLC now owns 3,341 shares of the industrial products company’s stock valued at $1,109,000 after purchasing an additional 45 shares during the last quarter. Revolve Wealth Partners LLC increased its holdings in shares of Eaton by 17.5% during the 4th quarter. Revolve Wealth Partners LLC now owns 913 shares of the industrial products company’s stock worth $303,000 after buying an additional 136 shares during the last quarter. Empowered Funds LLC raised its position in shares of Eaton by 5.6% in the 1st quarter. Empowered Funds LLC now owns 9,402 shares of the industrial products company’s stock worth $2,556,000 after buying an additional 496 shares during the period. Vista Capital Partners Inc. acquired a new position in Eaton in the second quarter valued at $259,000. Finally, Tandem Wealth Advisors LLC boosted its holdings in Eaton by 70.1% in the second quarter. Tandem Wealth Advisors LLC now owns 2,216 shares of the industrial products company’s stock valued at $791,000 after acquiring an additional 913 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.