Eaton (NYSE:ETN) Trading 1.4% Higher – Should You Buy?

Eaton Corporation, PLC (NYSE:ETN)’s share price rose 1.4% during trading on Monday . The stock traded as high as $411.74 and last traded at $408.2360. Approximately 2,124,188 shares were traded during mid-day trading, a decline of 23% from the average session volume of 2,762,748 shares. The stock had previously closed at $402.68.

Analyst Ratings Changes

Several research firms have weighed in on ETN. Weiss Ratings downgraded shares of Eaton from a “buy (b)” rating to a “buy (b-)” rating in a research report on Monday, May 18th. Erste Group Bank assumed coverage on shares of Eaton in a report on Tuesday, May 5th. They issued a “buy” rating for the company. Morgan Stanley reissued an “overweight” rating and set a $500.00 price objective on shares of Eaton in a report on Sunday, May 10th. Barclays raised their target price on Eaton from $340.00 to $392.00 and gave the stock an “equal weight” rating in a research note on Wednesday, May 6th. Finally, JPMorgan Chase & Co. boosted their price target on Eaton from $406.00 to $445.00 and gave the company an “overweight” rating in a research note on Wednesday, May 6th. Two analysts have rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating and four have assigned a Hold rating to the company. According to data from MarketBeat, Eaton currently has a consensus rating of “Moderate Buy” and a consensus price target of $420.95.

Eaton Stock Performance

The company has a current ratio of 1.19, a quick ratio of 0.75 and a debt-to-equity ratio of 0.94. The company has a market cap of $160.09 billion, a PE ratio of 40.30, a price-to-earnings-growth ratio of 2.62 and a beta of 1.19. The firm’s fifty day moving average is $406.63 and its 200 day moving average is $373.02.

Eaton (NYSE:ETN) last posted its quarterly earnings results on Tuesday, May 5th. The industrial products company reported $2.81 earnings per share for the quarter, topping analysts’ consensus estimates of $2.73 by $0.08. The firm had revenue of $7.45 billion for the quarter, compared to analyst estimates of $7.14 billion. Eaton had a net margin of 13.99% and a return on equity of 24.72%. Eaton’s quarterly revenue was up 16.8% on a year-over-year basis. During the same period in the previous year, the business posted $2.72 earnings per share. Eaton has set its Q2 2026 guidance at 3.000-3.100 EPS and its FY 2026 guidance at 13.050-13.500 EPS. As a group, research analysts predict that Eaton Corporation, PLC will post 13.33 EPS for the current fiscal year.

Eaton Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, May 29th. Investors of record on Friday, May 8th were paid a dividend of $1.10 per share. The ex-dividend date was Friday, May 8th. This represents a $4.40 dividend on an annualized basis and a dividend yield of 1.1%. Eaton’s payout ratio is presently 43.01%.

Insider Buying and Selling

In other Eaton news, Director Dorothy C. Thompson sold 167 shares of the stock in a transaction dated Friday, May 22nd. The shares were sold at an average price of $385.00, for a total value of $64,295.00. Following the completion of the transaction, the director directly owned 1,096 shares of the company’s stock, valued at approximately $421,960. This trade represents a 13.22% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Peter Denk sold 2,000 shares of the business’s stock in a transaction that occurred on Wednesday, May 6th. The stock was sold at an average price of $417.94, for a total value of $835,880.00. Following the sale, the insider directly owned 7,102 shares in the company, valued at $2,968,209.88. This trade represents a 21.97% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 21,028 shares of company stock valued at $8,614,793 over the last 90 days. 0.10% of the stock is currently owned by corporate insiders.

Institutional Trading of Eaton

Large investors have recently bought and sold shares of the company. North Star Investment Management Corp. lifted its stake in Eaton by 0.3% in 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 buying an additional 28 shares in the last quarter. Bogart Wealth LLC raised its position in shares of Eaton by 1.3% in the first quarter. Bogart Wealth LLC now owns 2,184 shares of the industrial products company’s stock valued at $781,000 after buying an additional 29 shares during the last quarter. Pring Turner Capital Group Inc. lifted its stake in shares of Eaton by 0.3% during the fourth quarter. Pring Turner Capital Group Inc. now owns 10,528 shares of the industrial products company’s stock valued at $3,353,000 after buying an additional 30 shares during the period. Ellevest Inc. boosted its position in Eaton by 2.5% during the fourth quarter. Ellevest Inc. now owns 1,281 shares of the industrial products company’s stock worth $408,000 after acquiring an additional 31 shares during the last quarter. Finally, Douglass Winthrop Advisors LLC grew its stake in Eaton by 1.2% in the 4th quarter. Douglass Winthrop Advisors LLC now owns 2,613 shares of the industrial products company’s stock worth $832,000 after acquiring an additional 31 shares during the period. 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.