Eaton Corporation, PLC (NYSE:ETN) Given Average Recommendation of “Buy” by Brokerages

Eaton Corporation, PLC (NYSE:ETN) has received an average recommendation of “Buy” from the twenty brokerages that are currently covering the firm, Marketbeat Ratings reports. Two investment analysts have rated the stock with a hold recommendation, fifteen have given a buy recommendation and three have assigned a strong buy recommendation to the company. The average twelve-month price objective among analysts that have covered the stock in the last year is $450.6111.

Several equities research analysts have issued reports on the stock. Wall Street Zen lowered shares of Eaton from a “buy” rating to a “hold” rating in a research note on Sunday, August 16th. Evercore raised Eaton from an “in-line” rating to an “outperform” rating and set a $502.00 target price on the stock in a research report on Monday, August 3rd. Citigroup increased their price target on Eaton from $471.00 to $485.00 and gave the company a “buy” rating in a research report on Monday, August 3rd. Royal Bank Of Canada boosted their price target on Eaton from $484.00 to $512.00 and gave the stock an “outperform” rating in a research report on Monday, August 3rd. Finally, BMO Capital Markets increased their price target on shares of Eaton from $477.00 to $487.00 and gave the company an “outperform” rating in a research note on Monday, August 3rd.

Eaton Trading Down 1.5%

NYSE ETN opened at $415.93 on Friday. Eaton has a 52 week low of $311.92 and a 52 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 stock’s 50 day moving average price is $415.47 and its two-hundred day moving average price is $398.96. The stock has a market capitalization of $161.55 billion, a price-to-earnings ratio of 42.31, a PEG ratio of 2.67 and a beta of 1.17.

Eaton (NYSE:ETN) last posted its quarterly earnings data on Friday, July 31st. The industrial products company reported $3.15 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.08 by $0.07. Eaton had a net margin of 12.75% and a return on equity of 24.58%. The company had revenue of $8.53 billion for the quarter, compared to the consensus estimate of $8.16 billion. During the same period last year, the company earned $2.95 earnings per share. The firm’s 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. As a group, analysts anticipate that Eaton will post 13.56 earnings per share for the current fiscal year.

Eaton Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, August 28th. Investors of record on Friday, August 7th were paid a $1.10 dividend. This represents a $4.40 annualized dividend and a yield of 1.1%. The ex-dividend date was Friday, August 7th. Eaton’s dividend payout ratio (DPR) is 44.76%.

Insider Buying and Selling

In related news, insider Heath Monesmith sold 18,036 shares of Eaton stock in a transaction dated 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 completion of the transaction, the insider owned 50,368 shares in the company, valued at approximately $23,070,558.72. This trade represents a 26.37% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Adam Wadecki sold 525 shares of the company’s stock in a transaction that occurred on Tuesday, August 4th. The shares were 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. This represents a 33.25% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 0.10% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Eaton

Several large investors have recently modified their holdings of the stock. Brighton Jones LLC boosted its holdings in shares of Eaton by 1.4% during the 4th quarter. Brighton Jones LLC now owns 3,341 shares of the industrial products company’s stock worth $1,109,000 after buying an additional 45 shares during the period. Revolve Wealth Partners LLC lifted its position in Eaton by 17.5% during the fourth quarter. Revolve Wealth Partners LLC now owns 913 shares of the industrial products company’s stock worth $303,000 after acquiring an additional 136 shares during the last quarter. Empowered Funds LLC boosted its holdings in shares of Eaton by 5.6% during the first quarter. Empowered Funds LLC now owns 9,402 shares of the industrial products company’s stock worth $2,556,000 after acquiring an additional 496 shares during the period. Vista Capital Partners Inc. acquired a new position in shares of Eaton in the second quarter valued at approximately $259,000. Finally, Tandem Wealth Advisors LLC increased its stake in shares of Eaton by 70.1% during the second quarter. Tandem Wealth Advisors LLC now owns 2,216 shares of the industrial products company’s stock worth $791,000 after purchasing an additional 913 shares during the period. 82.97% of the stock is owned by institutional investors.

About Eaton

Eaton plc is a power management company that helps businesses, utilities, data centers, industrial facilities and other customers manage electrical, hydraulic and mechanical power more safely and efficiently. Its products and systems support power distribution, circuit protection, power quality, backup power, industrial automation and energy management.

The company also supplies aerospace systems, including hydraulic, fuel, motion-control and air-management equipment, as well as components and systems for commercial and military aircraft.