Eaton (NYSE:ETN) Insider Sells $835,880.00 in Stock

Key Points

• Insider sale: Eaton insider Peter Denk sold 2,000 shares at an average price of $417.94, totaling $835,880. After the transaction, he still held 7,102 shares.
• Strong quarterly results: Eaton beat earnings expectations, reporting $2.81 EPS versus $2.73 expected and revenue of $7.45 billion versus $7.14 billion estimated. Revenue rose 16.8% year over year, and the company raised guidance for both Q2 2026 and full-year 2026.
• Dividend and analyst outlook: Eaton declared a quarterly dividend of $1.10 per share, payable May 29, implying a 1.1% yield. Analysts remain positive overall, with a consensus rating of Moderate Buy and an average price target of $412.

Eaton Corporation, PLC (NYSE:ETN - Get Free Report) insider Peter Denk sold 2,000 shares of the stock in a transaction that occurred on Wednesday, May 6th. The shares were sold at an average price of $417.94, for a total transaction of $835,880.00. Following the sale, the insider directly owned 7,102 shares of the company's stock, valued at approximately $2,968,209.88. This represents a 21.97% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.

Eaton Price Performance

ETN stock traded up $1.92 on Friday, hitting $401.07. 2,386,089 shares of the company's stock traded hands, compared to its average volume of 2,818,821. Eaton Corporation, PLC has a 1-year low of $306.77 and a 1-year high of $435.43. The stock has a market cap of $155.73 billion, a price-to-earnings ratio of 39.21, a P/E/G ratio of 2.90 and a beta of 1.24. The stock has a fifty day moving average of $380.26 and a 200-day moving average of $360.75. The company has a current ratio of 1.19, a quick ratio of 0.81 and a debt-to-equity ratio of 0.94.

Eaton (NYSE:ETN - Get Free Report) last released its earnings results on Tuesday, May 5th. The industrial products company reported $2.81 EPS for the quarter, beating the consensus estimate of $2.73 by $0.08. Eaton had a net margin of 13.99% and a return on equity of 24.72%. The business had revenue of $7.45 billion during the quarter, compared to analyst estimates of $7.14 billion. During the same period in the prior year, the business earned $2.72 earnings per share. The business's quarterly revenue was up 16.8% on a year-over-year basis. Eaton has set its Q2 2026 guidance at 3.000-3.100 EPS and its FY 2026 guidance at 13.050-13.500 EPS. On average, analysts forecast that Eaton Corporation, PLC will post 13.31 EPS for the current fiscal year.

Eaton Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, May 29th. Stockholders of record on Friday, May 8th will be issued a dividend of $1.10 per share. This represents a $4.40 annualized dividend and a dividend yield of 1.1%. The ex-dividend date of this dividend is Friday, May 8th. Eaton's dividend payout ratio is currently 43.01%.

Institutional Investors Weigh In On Eaton

Hedge funds have recently bought and sold shares of the business. Hilton Head Capital Partners LLC purchased a new stake in Eaton in the 4th quarter worth about $26,000. Sfam LLC purchased a new stake in Eaton in the 4th quarter worth approximately $27,000. Gunpowder Capital Management LLC dba Oliver Wealth Management purchased a new stake in Eaton in the 4th quarter worth approximately $28,000. Eagle Bay Advisors LLC purchased a new stake in Eaton in the 4th quarter worth approximately $29,000. Finally, WFA of San Diego LLC purchased a new stake in Eaton in the 2nd quarter worth approximately $36,000. 82.97% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on ETN. Morgan Stanley reaffirmed an "overweight" rating and set a $425.00 target price on shares of Eaton in a report on Wednesday, February 4th. JPMorgan Chase & Co. upped their price target on shares of Eaton from $406.00 to $445.00 and gave the company an "overweight" rating in a research report on Wednesday. KeyCorp upped their price target on shares of Eaton from $420.00 to $480.00 and gave the company an "overweight" rating in a research report on Wednesday. Erste Group Bank started coverage on shares of Eaton in a research report on Tuesday. They issued a "buy" rating for the company. Finally, Jefferies Financial Group started coverage on shares of Eaton in a research report on Monday, March 16th. They issued a "buy" rating and a $430.00 price target for the company. Two research analysts have rated the stock with a Strong Buy rating, fifteen have given a Buy rating and five have given a Hold rating to the company's stock. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $412.00.

Eaton Company Profile

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.

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