Eaton (NYSE:ETN) Upgraded at Rothschild Redb

Key Points

• Rothschild Redb has upgraded Eaton (NYSE:ETN) to a "hold" rating, reflecting a cautious outlook on the stock's performance.
• Multiple analysts, including Wells Fargo and Morgan Stanley, have recently increased their price targets for Eaton, with the average target now at $379.10.
• Eaton reported strong quarterly earnings with $2.95 EPS, surpassing estimates and reflecting a 10.7% year-over-year revenue increase.

Eaton (NYSE:ETN - Get Free Report) was upgraded by research analysts at Rothschild Redb to a "hold" rating in a report released on Wednesday, August 20th,Zacks.com reports.

A number of other analysts also recently weighed in on ETN. Citigroup boosted their target price on Eaton from $420.00 to $425.00 and gave the stock a "buy" rating in a research report on Wednesday, August 6th. Sanford C. Bernstein restated an "outperform" rating and set a $396.00 price target on shares of Eaton in a report on Monday, July 14th. BNP Paribas initiated coverage on shares of Eaton in a research report on Thursday, May 15th. They issued an "outperform" rating and a $380.00 target price for the company. Rothschild & Co Redburn began coverage on Eaton in a research report on Wednesday, August 20th. They set a "neutral" rating and a $336.00 price target on the stock. Finally, BNP Paribas Exane began coverage on Eaton in a report on Thursday, May 15th. They issued an "outperform" rating and a $380.00 price objective for the company. Fourteen analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the company's stock. According to MarketBeat, Eaton currently has an average rating of "Moderate Buy" and a consensus price target of $379.10.

Eaton Price Performance

Shares of Eaton stock traded down $0.41 on Wednesday, hitting $351.61. 1,391,702 shares of the company traded hands, compared to its average volume of 2,991,432. Eaton has a 12-month low of $231.85 and a 12-month high of $399.56. The company has a current ratio of 1.24, a quick ratio of 0.76 and a debt-to-equity ratio of 0.47. The company has a market cap of $136.88 billion, a P/E ratio of 35.37, a P/E/G ratio of 2.55 and a beta of 1.18. The firm's 50-day simple moving average is $360.96 and its 200 day simple moving average is $320.23.

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

Insider Transactions at Eaton

In other 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 value of $5,740,691.02. Following the transaction, the insider owned 630 shares in the company, valued at approximately $225,785.70. This represents a 96.22% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. Company insiders own 0.30% of the company's stock.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of ETN. Lyell Wealth Management LP raised its position in Eaton by 3.2% in the 2nd quarter. Lyell Wealth Management LP now owns 975 shares of the industrial products company's stock worth $348,000 after buying an additional 30 shares during the last quarter. Commonwealth Financial Services LLC lifted its position in Eaton by 2.9% during the first quarter. Commonwealth Financial Services LLC now owns 1,175 shares of the industrial products company's stock valued at $319,000 after purchasing an additional 33 shares during the period. E Fund Management Co. Ltd. raised its stake in Eaton by 3.1% during the 1st quarter. E Fund Management Co. Ltd. now owns 1,091 shares of the industrial products company's stock valued at $297,000 after buying an additional 33 shares during the last quarter. Beaumont Financial Advisors LLC lifted its holdings in shares of Eaton by 2.6% during the 2nd quarter. Beaumont Financial Advisors LLC now owns 1,307 shares of the industrial products company's stock valued at $467,000 after buying an additional 33 shares during the period. Finally, SOA Wealth Advisors LLC. boosted its stake in shares of Eaton by 36.0% in the 2nd quarter. SOA Wealth Advisors LLC. now owns 136 shares of the industrial products company's stock worth $49,000 after buying an additional 36 shares during the last quarter. Hedge funds and other institutional investors 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.