Eaton Stock Earnings Estimates Increased by Erste Group Bank

Key Points

• Erste Group Bank raised Eaton’s FY2026 EPS estimate slightly to $13.57 from $13.55, broadly in line with the $13.56 consensus, and forecast FY2027 EPS of $16.12.
• Eaton recently exceeded quarterly expectations, reporting $3.15 EPS versus $3.08 expected and $8.53 billion in revenue versus $8.16 billion forecast. Revenue increased 21.4% year over year, while management maintained FY2026 EPS guidance of $13.40–$13.60.
• Eaton shares opened at $426.07, with analysts assigning a “Moderate Buy” consensus rating and an average price target of $480.77; institutional investors own approximately 83% of the stock.

Eaton Corporation, PLC (NYSE:ETN - Free Report) - Equities research analysts at Erste Group Bank boosted their FY2026 earnings per share (EPS) estimates for Eaton in a research report issued to clients and investors on Thursday, October 8th. Erste Group Bank analyst S. Lingnau now forecasts that the industrial products company will post earnings per share of $13.57 for the year, up from their previous forecast of $13.55. The consensus estimate for Eaton's current full-year earnings is $13.56 per share. Erste Group Bank also issued estimates for Eaton's FY2027 earnings at $16.12 EPS.

Eaton (NYSE:ETN - Get Free Report) last released its quarterly earnings results on Friday, July 31st. The industrial products company reported $3.15 EPS for the quarter, topping the consensus estimate of $3.08 by $0.07. The business had revenue of $8.53 billion for the quarter, compared to analysts' expectations of $8.16 billion. Eaton had a return on equity of 24.58% and a net margin of 12.75%. The company's revenue was up 21.4% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $2.95 earnings per share. Eaton has set its Q3 2026 guidance at 3.460-3.560 EPS and its FY 2026 guidance at 13.400-13.600 EPS.

ETN has been the topic of a number of other reports. Weiss Ratings raised Eaton from a "buy (b-)" rating to a "buy (b)" rating in a research report on Thursday. Rothschild & Co Redburn raised their price target on shares of Eaton from $386.00 to $403.00 and gave the stock a "neutral" rating in a research report on Wednesday, September 30th. Raymond James Financial raised their price target on shares of Eaton from $465.00 to $525.00 and gave the stock an "outperform" rating in a research report on Wednesday, August 5th. BMO Capital Markets lifted their price target on shares of Eaton from $477.00 to $487.00 and gave the stock an "outperform" rating in a research note on Monday, August 3rd. Finally, Robert W. Baird set a $500.00 price target on shares of Eaton and gave the company an "outperform" rating in a report on Thursday, August 20th. One investment analyst has rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $480.77.

Eaton Price Performance

Shares of NYSE ETN opened at $426.07 on Tuesday. The company has a quick ratio of 0.79, a current ratio of 1.24 and a debt-to-equity ratio of 0.91. Eaton has a fifty-two week low of $311.92 and a fifty-two week high of $478.00. The business has a 50 day moving average price of $426.22 and a two-hundred day moving average price of $409.32. The firm has a market cap of $165.48 billion, a PE ratio of 43.34, a price-to-earnings-growth ratio of 2.49 and a beta of 1.13.

Hedge Funds Weigh In On Eaton

Large investors have recently added to or reduced their stakes in the company. Envestnet Portfolio Solutions Inc. lifted its holdings in Eaton by 5.5% in the second quarter. Envestnet Portfolio Solutions Inc. now owns 69,297 shares of the industrial products company's stock worth $29,529,000 after purchasing an additional 3,638 shares during the period. Wedmont Private Capital grew its position in Eaton by 69.6% in the 3rd quarter. Wedmont Private Capital now owns 11,413 shares of the industrial products company's stock valued at $4,845,000 after buying an additional 4,684 shares in the last quarter. Ameritas Advisory Services LLC grew its position in Eaton by 667.9% in the 2nd quarter. Ameritas Advisory Services LLC now owns 7,556 shares of the industrial products company's stock valued at $3,220,000 after buying an additional 6,572 shares in the last quarter. QRG Capital Management Inc. increased its stake in Eaton by 11.7% during the 2nd quarter. QRG Capital Management Inc. now owns 90,731 shares of the industrial products company's stock valued at $38,662,000 after buying an additional 9,491 shares during the period. Finally, S&CO Inc. acquired a new position in Eaton during the 2nd quarter valued at about $3,824,000. 82.97% of the stock is currently owned by institutional investors.

Insider Activity at Eaton

In related news, insider Heath Monesmith sold 18,036 shares of the business's stock in a transaction dated Tuesday, August 11th. The stock was sold at an average price of $458.04, for a total value of $8,261,209.44. Following the completion of the sale, the insider directly owned 50,368 shares of the company's stock, valued at $23,070,558.72. The trade was a 26.37% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Gerald Johnson acquired 130 shares of the business's stock in a transaction on Thursday, August 13th. The shares were purchased at an average price of $455.90 per share, for a total transaction of $59,267.00. Following the purchase, the director directly owned 1,829 shares of the company's stock, valued at $833,841.10. This represents a 7.65% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. 0.10% of the stock is owned by corporate insiders.

Eaton Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, August 28th. Investors of record on Friday, August 7th were paid a $1.10 dividend. This represents a $4.40 dividend on an annualized basis and a yield of 1.0%. The ex-dividend date was Friday, August 7th. Eaton's dividend payout ratio (DPR) is 44.76%.

Eaton Company Profile

Eaton Corporation plc NYSE: ETN is a global power management company that helps customers manage electrical, hydraulic and mechanical power more safely, efficiently and reliably. Its products and systems serve commercial, industrial, utility, data center, residential, aerospace, vehicle and mobility applications.

The company's electrical businesses provide circuit protection and control equipment, power distribution systems, connectivity solutions, backup power and other technologies used to support critical infrastructure and improve energy efficiency.

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