Eaton (NYSE:ETN) Price Target Raised to $526.00

Key Points

• Royal Bank of Canada raised Eaton’s price target from $512 to $526 and maintained an “outperform” rating, implying approximately 25.7% upside from the reported share price.
• Analyst sentiment remains broadly positive: Eaton has one Strong Buy, 21 Buy and two Hold ratings, with a consensus price target of $481.41.
• Eaton reported quarterly adjusted EPS of $3.15, beating estimates of $3.08, while revenue rose 21.4% year over year to $8.53 billion. The stock opened at $418.55 and was reported down 2.3%.

Eaton (NYSE:ETN - Get Free Report) had its price target increased by equities researchers at Royal Bank Of Canada from $512.00 to $526.00 in a research note issued to investors on Wednesday, Benzinga reports. The firm presently has an "outperform" rating on the industrial products company's stock. Royal Bank Of Canada's price target indicates a potential upside of 25.67% from the stock's current price.

Other analysts have also recently issued research reports about the stock. UBS Group upgraded shares of Eaton from a "neutral" rating to a "buy" rating and lifted their price target for the company from $450.00 to $515.00 in a report on Monday, September 7th. Deutsche Bank Aktiengesellschaft upped their price objective on shares of Eaton from $493.00 to $521.00 and gave the stock a "buy" rating in a report on Wednesday, September 30th. BMO Capital Markets raised their target price on shares of Eaton from $477.00 to $487.00 and gave the stock an "outperform" rating in a research report on Monday, August 3rd. Citigroup lifted their target price on shares of Eaton from $485.00 to $498.00 and gave the company a "buy" rating in a research note on Monday. Finally, BNP Paribas Exane boosted their price target on shares of Eaton from $490.00 to $500.00 and gave the company an "outperform" rating in a research report on Monday, August 3rd. One analyst has rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating and two have given a Hold rating to the company's stock. According to data from MarketBeat.com, Eaton currently has an average rating of "Moderate Buy" and a consensus price target of $481.41.

Eaton Stock Down 2.3%

NYSE ETN opened at $418.55 on Wednesday. Eaton has a 1 year low of $311.92 and a 1 year high of $478.00. The stock has a market capitalization of $162.56 billion, a PE ratio of 42.61, a PEG 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. The business's 50-day moving average is $425.90 and its 200 day moving average is $409.70.

Eaton (NYSE:ETN - Get Free Report) last released its quarterly earnings data on Friday, July 31st. The industrial products company reported $3.15 earnings per share for the quarter, topping 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 business had revenue of $8.53 billion during the quarter, compared to analysts' expectations of $8.16 billion. During the same quarter last year, the business posted $2.95 EPS. The business's revenue was up 21.4% on a year-over-year basis. Eaton has set its Q3 2026 guidance at 3.460-3.560 EPS and its FY 2026 guidance at 13.400-13.600 EPS. Sell-side analysts forecast that Eaton will post 13.57 earnings per share for the current year.

Insider Transactions at Eaton

In related news, insider Heath B. Monesmith sold 18,036 shares of the business's stock in a transaction dated Tuesday, August 11th. The shares were sold at an average price of $458.04, for a total transaction of $8,261,209.44. Following the sale, the insider owned 50,368 shares of the company's stock, valued at $23,070,558.72. The trade was a 26.37% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Adam A. Wadecki sold 525 shares of the company's 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 completion of the sale, the insider owned 1,054 shares in the company, valued at approximately $464,329.16. This trade represents a 33.25% decrease in their position. The SEC filing for this sale provides additional information. Insiders own 0.10% of the company's stock.

Institutional Trading of Eaton

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Focus Financial Network Inc. boosted its holdings in Eaton by 5.2% in the third quarter. Focus Financial Network Inc. now owns 2,677 shares of the industrial products company's stock worth $1,150,000 after acquiring an additional 132 shares in the last quarter. ASK Capital Investment Managers LLC purchased a new position in shares of Eaton in the 3rd quarter worth about $3,509,000. Allied Investment Advisors LLC raised its position in shares of Eaton by 12.6% in the 3rd quarter. Allied Investment Advisors LLC now owns 553 shares of the industrial products company's stock worth $238,000 after purchasing an additional 62 shares during the last quarter. Salem Investment Counselors Inc. grew its position in Eaton by 3.9% during the 3rd quarter. Salem Investment Counselors Inc. now owns 35,391 shares of the industrial products company's stock valued at $15,208,000 after purchasing an additional 1,340 shares during the last quarter. Finally, Signal Advisors Wealth LLC raised its holdings in Eaton by 186.6% in the third quarter. Signal Advisors Wealth LLC now owns 2,931 shares of the industrial products company's stock worth $1,259,000 after buying an additional 6,316 shares during the last quarter. Hedge funds and other 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.

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