Eaton (NYSE:ETN) Given New $526.00 Price Target at Royal Bank Of Canada

Eaton (NYSE:ETN) had its price objective raised by investment analysts at Royal Bank Of Canada from $512.00 to $526.00 in a research note issued on Wednesday, Benzinga reports. The brokerage currently has an “outperform” rating on the industrial products company’s stock. Royal Bank Of Canada’s target price indicates a potential upside of 25.67% from the company’s previous close.

Other analysts have also issued reports about the stock. Morgan Stanley lifted their price target on shares of Eaton from $500.00 to $520.00 and gave the stock an “overweight” rating in a research note on Friday, August 28th. Raymond James Financial raised their target price on shares of Eaton from $465.00 to $525.00 and gave the stock an “outperform” rating in a report on Wednesday, August 5th. Deutsche Bank Aktiengesellschaft boosted their target price on shares of Eaton from $493.00 to $521.00 and gave the company a “buy” rating in a research note on Wednesday, September 30th. Argus increased their price target on Eaton from $475.00 to $528.00 and gave the company a “buy” rating in a report on Tuesday, August 18th. Finally, Robert W. Baird set a $500.00 price target on Eaton and gave the stock an “outperform” rating in a research note on Thursday, August 20th. One analyst has rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $481.41.

Eaton Stock Down 2.3%

ETN stock opened at $418.55 on Wednesday. The stock has a market capitalization of $162.56 billion, a P/E ratio of 42.61, a P/E/G ratio of 2.48 and a beta of 1.13. 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 has a 1-year low of $311.92 and a 1-year high of $478.00. The business has a fifty day moving average price of $425.90 and a 200-day moving average price of $409.70.

Eaton (NYSE:ETN) last released its quarterly earnings data on Friday, July 31st. The industrial products company reported $3.15 EPS for the quarter, beating the consensus estimate 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 for the quarter, compared to analysts’ expectations of $8.16 billion. During the same period last year, the firm posted $2.95 earnings per share. Eaton’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. Equities analysts forecast that Eaton will post 13.57 earnings per share for the current fiscal year.

Insider Activity at Eaton

In other news, insider Adam 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 transaction of $231,283.50. Following the transaction, the insider directly 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Gerald Johnson purchased 130 shares of the firm’s stock in a transaction on Thursday, August 13th. The shares were acquired at an average cost of $455.90 per share, for a total transaction of $59,267.00. Following the completion of the acquisition, the director owned 1,829 shares of the company’s stock, valued at approximately $833,841.10. This trade represents a 7.65% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. 0.10% of the stock is owned by company insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the company. North Star Investment Management Corp. boosted its holdings in 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 valued at $2,897,000 after acquiring an additional 28 shares during the period. Bogart Wealth LLC raised its holdings in Eaton by 1.3% in the 1st quarter. Bogart Wealth LLC now owns 2,184 shares of the industrial products company’s stock worth $781,000 after purchasing an additional 29 shares in the last quarter. Bullock Wealth Management Group lifted its position in shares of Eaton by 1.8% in the 3rd quarter. Bullock Wealth Management Group now owns 1,694 shares of the industrial products company’s stock worth $741,000 after purchasing an additional 30 shares during the period. Tanager Wealth Management LLP boosted its position in Eaton by 5.4% during the 2nd quarter. Tanager Wealth Management LLP now owns 606 shares of the industrial products company’s stock valued at $258,000 after acquiring an additional 31 shares in the last quarter. Finally, Cornerstone Planning Group LLC boosted its position in shares of Eaton by 10.2% during the first quarter. Cornerstone Planning Group LLC now owns 368 shares of the industrial products company’s stock valued at $132,000 after purchasing an additional 34 shares in the last quarter. Institutional investors own 82.97% of the company’s stock.

Eaton Company Profile

Eaton Corporation plc (NYSE: ETN) is a global power management company that helps customers manage electrical, hydraulic and mechanical power more safely, efficiently and reliably. Its products and systems serve commercial, industrial, utility, data center, residential, aerospace, vehicle and mobility applications.

The company’s electrical businesses provide circuit protection and control equipment, power distribution systems, connectivity solutions, backup power and other technologies used to support critical infrastructure and improve energy efficiency.