Eaton (NYSE:ETN) Price Target Raised to $429.00 at JPMorgan Chase & Co.

Key Points

• JPMorgan Chase & Co. raised the price target for Eaton (NYSE: ETN) from $380.00 to $429.00, indicating a potential upside of 14.58% from the current price.
• The company reported $2.95 EPS for its last quarter, exceeding estimates and showing a 10.7% year-over-year revenue growth.
• Current analyst ratings for Eaton show one Strong Buy, eighteen Buy, and six Hold ratings, with an average price target of $396.64.

Eaton (NYSE:ETN - Get Free Report) had its target price hoisted by equities research analysts at JPMorgan Chase & Co. from $380.00 to $429.00 in a research note issued to investors on Wednesday,Benzinga reports. The firm presently has an "overweight" rating on the industrial products company's stock. JPMorgan Chase & Co.'s price target would indicate a potential upside of 14.58% from the company's current price.

A number of other research firms have also recently commented on ETN. Sanford C. Bernstein restated an "outperform" rating and set a $396.00 price target on shares of Eaton in a research note on Monday, July 14th. Raymond James Financial increased their target price on Eaton from $380.00 to $415.00 and gave the stock an "outperform" rating in a research note on Thursday, August 7th. Wells Fargo & Company increased their price target on shares of Eaton from $375.00 to $395.00 and gave the stock an "equal weight" rating in a research report on Monday, October 6th. Rothschild & Co Redburn began coverage on shares of Eaton in a research report on Wednesday, August 20th. They set a "neutral" rating and a $336.00 price target on the stock. Finally, Daiwa America raised shares of Eaton to a "strong-buy" rating in a research report on Thursday, September 11th. One equities research analyst has rated the stock with a Strong Buy rating, eighteen have given a Buy rating and six have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $396.64.

Eaton Trading Down 0.3%

NYSE ETN opened at $374.40 on Wednesday. The firm's 50-day moving average is $361.64 and its two-hundred day moving average is $337.32. Eaton has a 12 month low of $231.85 and a 12 month high of $399.56. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.24 and a quick ratio of 0.76. The stock has a market capitalization of $145.75 billion, a P/E ratio of 37.67, a PEG ratio of 2.68 and a beta of 1.18.

Eaton (NYSE:ETN - Get Free Report) last issued its quarterly earnings data on Tuesday, August 5th. The industrial products company reported $2.95 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 for the quarter, compared to analyst estimates of $6.93 billion. During the same period in the prior year, the business posted $2.73 EPS. The business's revenue for the quarter 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. On average, sell-side analysts anticipate that Eaton will post 12.02 earnings per share for the current year.

Insider Buying and Selling at Eaton

In other news, insider Olivier Leonetti sold 16,018 shares of the firm's 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 sale, the insider directly owned 630 shares in the company, valued at approximately $225,785.70. This trade represents a 96.22% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 0.30% of the company's stock.

Institutional Trading of Eaton

Hedge funds and other institutional investors have recently bought and sold shares of the business. IMA Advisory Services Inc. acquired a new stake in shares of Eaton during the 1st quarter worth about $25,000. WFA of San Diego LLC acquired a new stake in Eaton during the second quarter worth approximately $36,000. Creative Financial Designs Inc. ADV raised its holdings in Eaton by 102.0% during the first quarter. Creative Financial Designs Inc. ADV now owns 101 shares of the industrial products company's stock worth $27,000 after purchasing an additional 51 shares in the last quarter. SOA Wealth Advisors LLC. raised its holdings in Eaton by 36.0% during the second quarter. SOA Wealth Advisors LLC. now owns 136 shares of the industrial products company's stock worth $49,000 after purchasing an additional 36 shares in the last quarter. Finally, Graybill Wealth Management LTD. acquired a new stake in Eaton during the first quarter worth approximately $41,000. 82.97% of the stock is currently owned by institutional investors and hedge funds.

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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