Eaton Sees Unusually High Options Volume (NYSE:ETN)

Eaton Corporation, PLC (NYSE:ETN) was the target of some unusual options trading activity on Tuesday. Investors bought 6,869 put options on the company. This is an increase of 56% compared to the typical volume of 4,415 put options.

Insider Transactions at Eaton

In related news, Director Gerald Johnson purchased 200 shares of the firm’s stock in a transaction that occurred on Tuesday, November 18th. The stock was purchased at an average cost of $339.89 per share, with a total value of $67,978.00. Following the completion of the acquisition, the director directly owned 400 shares in the company, valued at $135,956. This trade represents a 100.00% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is accessible through this link. In the last 90 days, insiders bought 500 shares of company stock valued at $174,389. Insiders own 0.30% of the company’s stock.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the business. Cullen Investment Group LTD. raised its position in shares of Eaton by 2.0% during the 2nd quarter. Cullen Investment Group LTD. now owns 73,260 shares of the industrial products company’s stock worth $26,153,000 after purchasing an additional 1,468 shares during the period. Strs Ohio bought a new position in Eaton during the 1st quarter worth $24,001,000. HCR Wealth Advisors increased its position in Eaton by 39.5% in the second quarter. HCR Wealth Advisors now owns 5,229 shares of the industrial products company’s stock worth $1,867,000 after buying an additional 1,481 shares during the period. Baird Financial Group Inc. lifted its stake in Eaton by 8.8% in the second quarter. Baird Financial Group Inc. now owns 370,531 shares of the industrial products company’s stock valued at $132,276,000 after buying an additional 29,900 shares during the last quarter. Finally, Bowen Hanes & Co. Inc. boosted its holdings in shares of Eaton by 1.7% during the second quarter. Bowen Hanes & Co. Inc. now owns 197,775 shares of the industrial products company’s stock valued at $70,604,000 after acquiring an additional 3,295 shares during the period. 82.97% of the stock is currently owned by institutional investors.

Eaton Stock Down 1.7%

Shares of Eaton stock traded down $5.83 on Tuesday, hitting $327.38. 1,196,057 shares of the company’s stock traded hands, compared to its average volume of 2,827,327. The company has a quick ratio of 0.79, a current ratio of 1.28 and a debt-to-equity ratio of 0.46. The firm’s 50-day moving average is $359.87 and its 200 day moving average is $357.88. The stock has a market cap of $127.16 billion, a P/E ratio of 32.74, a PEG ratio of 2.40 and a beta of 1.17. Eaton has a 52-week low of $231.85 and a 52-week high of $399.56.

Eaton (NYSE:ETN) last posted its quarterly earnings results on Tuesday, November 4th. The industrial products company reported $3.07 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.06 by $0.01. The firm had revenue of $6.99 billion for the quarter, compared to analysts’ expectations of $7.09 billion. Eaton had a net margin of 14.74% and a return on equity of 24.36%. Eaton has set its Q4 2025 guidance at 3.230-3.430 EPS and its FY 2025 guidance at 11.970-12.170 EPS. Equities analysts anticipate that Eaton will post 12.02 earnings per share for the current year.

Eaton Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, November 21st. Investors of record on Thursday, November 6th were paid a $1.04 dividend. This represents a $4.16 dividend on an annualized basis and a yield of 1.3%. The ex-dividend date was Thursday, November 6th. Eaton’s dividend payout ratio (DPR) is 41.60%.

Analysts Set New Price Targets

Several equities analysts recently issued reports on the company. Daiwa America raised Eaton to a “strong-buy” rating in a report on Thursday, September 11th. Rothschild & Co Redburn started coverage on Eaton in a research report on Wednesday, August 20th. They issued a “neutral” rating and a $336.00 price objective for the company. Rothschild Redb raised shares of Eaton to a “hold” rating in a research note on Wednesday, August 20th. Mizuho increased their target price 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, Wolfe Research upgraded Eaton from a “peer perform” rating to an “outperform” rating and set a $413.00 price objective on the stock in a research note on Tuesday, December 9th. One equities research analyst has rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating and six have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $402.05.

Eaton Company Profile

Eaton Corporation plc operates as a power management company worldwide. The company’s Electrical Americas and Electrical Global segment provides electrical components, industrial components, power distribution and assemblies, residential products, single and three phase power quality and connectivity products, wiring devices, circuit protection products, utility power distribution products, power reliability equipment, and services, as well as hazardous duty electrical equipment, emergency lighting, fire detection, explosion-proof instrumentation, and structural support systems.