Eaton Corporation, PLC (NYSE:ETN) Receives $379.10 Average Price Target from Analysts

Key Points

• Eaton Corporation, PLC has received an average analyst rating of "Moderate Buy" with 14 buy ratings and 9 hold ratings, alongside a target price estimate of $379.10.
• The company recently declared a quarterly dividend of $1.04 per share, representing a yield of 1.2%, with a dividend payout ratio of 41.85%.
• Eaton reported earnings per share (EPS) of $2.95 for its last quarter, surpassing estimates and indicating a 10.7% increase in revenue year-over-year.

Eaton Corporation, PLC (NYSE:ETN - Get Free Report) has earned an average rating of "Moderate Buy" from the twenty-three brokerages that are covering the company, MarketBeat reports. Nine analysts have rated the stock with a hold rating and fourteen have issued a buy rating on the company. The average 1 year price objective among brokerages that have covered the stock in the last year is $379.0952.

A number of equities analysts recently weighed in on ETN shares. Redburn Atlantic started coverage on shares of Eaton in a research report on Wednesday, August 20th. They set a "hold" rating and a $336.00 price target on the stock. Barclays boosted their price target on shares of Eaton from $340.00 to $344.00 and gave the stock an "equal weight" rating in a research report on Wednesday, August 6th. Royal Bank Of Canada boosted their price target on shares of Eaton from $336.00 to $356.00 and gave the stock an "outperform" rating in a research report on Monday, May 5th. Evercore ISI lifted their target price on shares of Eaton from $326.00 to $349.00 and gave the stock an "in-line" rating in a research note on Monday, May 19th. Finally, Citigroup lifted their target price on shares of Eaton from $420.00 to $425.00 and gave the stock a "buy" rating in a research note on Wednesday, August 6th.

Insiders Place Their Bets

In related news, insider Olivier Leonetti sold 16,018 shares of the company's stock in a transaction that occurred on Thursday, August 7th. The shares were sold at an average price of $358.39, for a total transaction of $5,740,691.02. Following the sale, the insider directly owned 630 shares of the company's stock, valued at $225,785.70. This represents a 96.22% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.30% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in ETN. Nuveen LLC acquired a new position in Eaton during the 1st quarter worth approximately $1,472,231,000. GAMMA Investing LLC grew its holdings in Eaton by 27,281.9% during the 1st quarter. GAMMA Investing LLC now owns 3,593,321 shares of the industrial products company's stock worth $976,772,000 after acquiring an additional 3,580,198 shares in the last quarter. Ameriprise Financial Inc. grew its holdings in Eaton by 85.4% during the 1st quarter. Ameriprise Financial Inc. now owns 3,629,464 shares of the industrial products company's stock worth $986,966,000 after acquiring an additional 1,672,175 shares in the last quarter. Fayez Sarofim & Co grew its holdings in Eaton by 606.3% during the 1st quarter. Fayez Sarofim & Co now owns 1,025,903 shares of the industrial products company's stock worth $282,262,000 after acquiring an additional 880,656 shares in the last quarter. Finally, Leigh Baldwin & CO. LLC acquired a new position in Eaton during the 4th quarter worth approximately $231,552,000. Institutional investors and hedge funds own 82.97% of the company's stock.

Eaton Price Performance

Shares of NYSE ETN traded down $6.21 during trading on Tuesday, hitting $349.13. The company had a trading volume of 2,386,036 shares, compared to its average volume of 2,458,865. The firm has a market capitalization of $135.92 billion, a price-to-earnings ratio of 35.12, a price-to-earnings-growth ratio of 2.62 and a beta of 1.18. Eaton has a fifty-two week low of $231.85 and a fifty-two week high of $399.56. The stock has a fifty day simple moving average of $362.10 and a two-hundred day simple moving average of $320.91. The company has a quick ratio of 0.76, a current ratio of 1.24 and a debt-to-equity ratio of 0.47.

Eaton (NYSE:ETN - Get Free Report) last posted its quarterly earnings results on Tuesday, August 5th. The industrial products company reported $2.95 earnings per share for the quarter, topping analysts' consensus estimates of $2.92 by $0.03. The firm had revenue of $7.03 billion for the quarter, compared to analyst estimates of $6.93 billion. Eaton had a net margin of 15.11% and a return on equity of 23.91%. Eaton's quarterly revenue was up 10.7% on a year-over-year basis. During the same period in the previous year, the business posted $2.73 earnings per share. Eaton has set its Q3 2025 guidance at 3.010-3.070 EPS. FY 2025 guidance at 11.970-12.170 EPS. On average, research analysts expect that Eaton will post 12.02 earnings per share for the current year.

Eaton Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, August 22nd. Investors of record on Thursday, August 7th were paid a dividend of $1.04 per share. This represents a $4.16 annualized dividend and a yield of 1.2%. The ex-dividend date of this dividend was Thursday, August 7th. Eaton's dividend payout ratio is presently 41.85%.

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.