Eaton Corporation, PLC (NYSE:ETN) Given Consensus Recommendation of "Moderate Buy" by Brokerages

Key Points

• Eaton Corporation has received an average consensus recommendation of "Moderate Buy" from 25 analysts, with 18 giving a buy rating and a 12-month target price of $393.50.
• The company reported $7.03 billion in revenue and $2.95 EPS in its latest quarterly earnings, exceeding analyst expectations and demonstrating a 10.7% year-over-year revenue increase.
• Eaton recently announced a quarterly dividend of $1.04 per share, resulting in an annualized dividend yield of 1.1% with a payout ratio of approximately 41.85%.

Shares of Eaton Corporation, PLC (NYSE:ETN - Get Free Report) have received an average rating of "Moderate Buy" from the twenty-five analysts that are covering the stock, MarketBeat Ratings reports. Six analysts have rated the stock with a hold rating, eighteen have given a buy rating and one has assigned a strong buy rating to the company. The average 12 month target price among brokerages that have covered the stock in the last year is $393.50.

Several research analysts have issued reports on ETN shares. Redburn Atlantic started coverage on shares of Eaton in a report on Wednesday, August 20th. They set a "hold" rating and a $336.00 price target for the company. Barclays raised their price target on shares of Eaton from $340.00 to $344.00 and gave the stock an "equal weight" rating in a report on Wednesday, August 6th. Weiss Ratings reiterated a "buy (b-)" rating on shares of Eaton in a research note on Wednesday, October 8th. The Goldman Sachs Group lifted their price objective on shares of Eaton from $345.00 to $382.00 and gave the company a "buy" rating in a research note on Tuesday, July 8th. Finally, Wells Fargo & Company lifted their price objective on shares of Eaton from $375.00 to $395.00 and gave the company an "equal weight" rating in a research note on Monday, October 6th.

Eaton Stock Down 0.3%

Eaton stock opened at $374.40 on Wednesday. The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.76 and a current ratio of 1.24. Eaton has a 52-week low of $231.85 and a 52-week high of $399.56. The firm has a 50 day moving average price of $361.64 and a two-hundred day moving average price of $337.32. The firm has a market cap of $145.75 billion, a price-to-earnings ratio of 37.67, a PEG ratio of 2.68 and a beta of 1.18.

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

Eaton Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, August 22nd. Stockholders of record on Thursday, August 7th were paid a $1.04 dividend. The ex-dividend date was Thursday, August 7th. This represents a $4.16 annualized dividend and a dividend yield of 1.1%. Eaton's payout ratio is currently 41.85%.

Insider Buying and Selling at Eaton

In other news, insider Olivier Leonetti sold 16,018 shares of Eaton stock in a transaction on Thursday, August 7th. The shares were sold at an average price of $358.39, for a total value of $5,740,691.02. Following the completion of the sale, the insider owned 630 shares in the company, valued at $225,785.70. The trade was a 96.22% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 0.30% of the stock is owned by corporate insiders.

Institutional Trading of Eaton

Several hedge funds have recently bought and sold shares of ETN. Brighton Jones LLC grew its position in Eaton by 1.4% in the 4th quarter. Brighton Jones LLC now owns 3,341 shares of the industrial products company's stock valued at $1,109,000 after purchasing an additional 45 shares during the period. Revolve Wealth Partners LLC grew its position in Eaton by 17.5% in the 4th quarter. Revolve Wealth Partners LLC now owns 913 shares of the industrial products company's stock valued at $303,000 after purchasing an additional 136 shares during the period. GAMMA Investing LLC boosted its holdings in Eaton by 0.7% during the 1st quarter. GAMMA Investing LLC now owns 13,219 shares of the industrial products company's stock worth $3,593,000 after acquiring an additional 96 shares during the last quarter. Ritholtz Wealth Management boosted its holdings in Eaton by 3.8% during the 1st quarter. Ritholtz Wealth Management now owns 6,744 shares of the industrial products company's stock worth $1,833,000 after acquiring an additional 244 shares during the last quarter. Finally, Exchange Traded Concepts LLC boosted its holdings in Eaton by 45.9% during the 1st quarter. Exchange Traded Concepts LLC now owns 16,342 shares of the industrial products company's stock worth $4,442,000 after acquiring an additional 5,138 shares during the last quarter. Institutional investors and hedge funds own 82.97% of the company's stock.

About Eaton

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.

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