Eaton (NYSE:ETN) Receives Buy (B-) Rating from Weiss Ratings

Key Points

• Eaton has received a restated "buy (B-)" rating from Weiss Ratings and has a current consensus rating of "Moderate Buy" from various analysts.
• The stock's price target has seen significant adjustments, with estimates ranging from $336.00 to $495.00, reflecting positive sentiment among analysts.
• Eaton reported a strong financial performance with a 10.7% year-over-year revenue increase and EPS of $2.95, exceeding expectations.

Eaton (NYSE:ETN - Get Free Report)'s stock had its "buy (b-)" rating restated by research analysts at Weiss Ratings in a note issued to investors on Friday,Weiss Ratings reports.

Other research analysts have also recently issued reports about the company. Rothschild & Co Redburn initiated coverage on Eaton in a research report on Wednesday, August 20th. They issued a "neutral" rating and a $336.00 target price on the stock. JPMorgan Chase & Co. lifted their price objective on Eaton from $380.00 to $429.00 and gave the company an "overweight" rating in a research report on Wednesday, October 15th. KeyCorp lifted their price objective on Eaton from $410.00 to $420.00 and gave the company an "overweight" rating in a research report on Tuesday, October 14th. Citigroup lifted their price objective on Eaton from $438.00 to $442.00 and gave the company a "buy" rating in a research report on Thursday, October 9th. Finally, Melius raised Eaton from a "hold" rating to a "buy" rating and set a $495.00 price objective on the stock in a research report on Monday, September 15th. One analyst has rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating and six have issued a Hold rating to the stock. According to MarketBeat.com, Eaton has a consensus rating of "Moderate Buy" and a consensus price target of $398.45.

Eaton Trading Up 1.1%

Shares of NYSE:ETN opened at $376.63 on Friday. The stock has a market capitalization of $146.62 billion, a price-to-earnings ratio of 37.89, a PEG ratio of 2.66 and a beta of 1.18. The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.76 and a current ratio of 1.24. The stock's 50-day simple moving average is $364.12 and its two-hundred day simple moving average is $342.91. Eaton has a 52-week low of $231.85 and a 52-week high of $399.56.

Eaton (NYSE:ETN - Get Free Report) last announced its 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. The business had revenue of $7.03 billion for the quarter, compared to analysts' expectations of $6.93 billion. Eaton had a return on equity of 23.91% and a net margin of 15.11%.The business's revenue for the quarter was up 10.7% on a year-over-year basis. During the same period last year, the firm posted $2.73 earnings per share. 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 EPS for the current year.

Insider Buying and Selling

In related news, insider Olivier Leonetti sold 16,018 shares of the business'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 value of $5,740,691.02. Following the transaction, the insider directly owned 630 shares of the company's stock, valued at approximately $225,785.70. The trade was a 96.22% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 0.30% of the company's stock.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the business. GAMMA Investing LLC lifted its holdings in Eaton by 0.7% in the 1st quarter. GAMMA Investing LLC now owns 13,219 shares of the industrial products company's stock worth $3,593,000 after purchasing an additional 96 shares in the last quarter. Focus Partners Wealth increased its stake in Eaton by 41.1% in the 1st quarter. Focus Partners Wealth now owns 81,444 shares of the industrial products company's stock worth $22,140,000 after acquiring an additional 23,736 shares during the last quarter. Jacobi Capital Management LLC increased its stake in Eaton by 16.0% in the 1st quarter. Jacobi Capital Management LLC now owns 7,633 shares of the industrial products company's stock worth $2,075,000 after acquiring an additional 1,050 shares during the last quarter. SCS Capital Management LLC bought a new stake in Eaton in the 1st quarter worth approximately $815,000. Finally, First Long Island Investors LLC increased its stake in Eaton by 5,589.2% in the 1st quarter. First Long Island Investors LLC now owns 54,104 shares of the industrial products company's stock worth $14,707,000 after acquiring an additional 53,153 shares during the last quarter. 82.97% of the stock is owned by hedge funds and other 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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