Eaton (NYSE:ETN) Now Covered by Daiwa Capital Markets

Key Points

• Daiwa Capital Markets has initiated coverage on Eaton (NYSE:ETN) with an "outperform" rating and a price target of $390.00, suggesting a 7.63% upside from its previous close.
• JPMorgan, Citigroup, and Morgan Stanley, among others, have also raised their target prices for Eaton, contributing to a consensus rating of "Moderate Buy" and an average target price of $379.59.
• Eaton reported $2.95 EPS for its last quarter, exceeding expectations and posting a 10.7% revenue increase year-over-year, while guiding for a Q3 2025 EPS of 3.010-3.070.

Equities research analysts at Daiwa Capital Markets assumed coverage on shares of Eaton (NYSE:ETN - Get Free Report) in a research report issued on Thursday,Benzinga reports. The brokerage set an "outperform" rating and a $390.00 price target on the industrial products company's stock. Daiwa Capital Markets' target price would suggest a potential upside of 7.63% from the stock's previous close.

A number of other analysts also recently weighed in on the stock. JPMorgan Chase & Co. increased their target price on shares of Eaton from $300.00 to $360.00 and gave the company an "overweight" rating in a research report on Friday, May 16th. Citigroup raised their price objective on shares of Eaton from $420.00 to $425.00 and gave the stock a "buy" rating in a research report on Wednesday, August 6th. KeyCorp raised their price objective on shares of Eaton from $355.00 to $410.00 and gave the stock an "overweight" rating in a research report on Tuesday, July 15th. The Goldman Sachs Group raised their price objective on shares of Eaton from $345.00 to $382.00 and gave the stock a "buy" rating in a research report on Tuesday, July 8th. Finally, Morgan Stanley raised their price objective on shares of Eaton from $375.00 to $425.00 and gave the stock an "overweight" rating in a research report on Wednesday, August 6th. Fifteen research analysts have rated the stock with a Buy rating and eight have given a Hold rating to the company's stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $379.59.

Eaton Stock Performance

NYSE:ETN opened at $362.35 on Thursday. The company has a market capitalization of $141.06 billion, a PE ratio of 36.45, a P/E/G ratio of 2.49 and a beta of 1.16. The company has a 50 day simple moving average of $362.07 and a two-hundred day simple moving average of $323.17. 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 fifty-two week low of $231.85 and a fifty-two week high of $399.56.

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

Insider Activity at Eaton

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 stock was sold at an average price of $358.39, for a total transaction of $5,740,691.02. Following the completion of the transaction, the insider owned 630 shares in the company, valued at $225,785.70. This represents a 96.22% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.30% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Eaton

Several large investors have recently bought and sold shares of ETN. IMA Advisory Services Inc. bought a new stake in Eaton in the 1st quarter worth about $25,000. Capital A Wealth Management LLC bought a new stake in shares of Eaton during the 4th quarter valued at about $26,000. Creative Financial Designs Inc. ADV grew its stake in shares of Eaton by 102.0% during the 1st quarter. Creative Financial Designs Inc. ADV now owns 101 shares of the industrial products company's stock valued at $27,000 after purchasing an additional 51 shares during the period. Vermillion Wealth Management Inc. bought a new stake in shares of Eaton during the 4th quarter valued at about $33,000. Finally, WFA of San Diego LLC bought a new stake in shares of Eaton during the 2nd quarter valued at about $36,000. 82.97% of the stock is currently owned by institutional investors.

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.

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