Eaton Stock Gets Stronger EPS Estimate from Erste Group Bank

Key Points

• Erste Group Bank raised Eaton’s FY2026 EPS estimate slightly to $13.59 from $13.57, just above the $13.58 consensus, and forecast FY2027 EPS of $16.32.
• Eaton’s latest quarter exceeded expectations, with $3.15 EPS and $8.53 billion in revenue; revenue rose 21.4% year over year. The company guided to FY2026 EPS of $13.40–$13.60.
• Analyst sentiment remains favorable, with a consensus “Moderate Buy” rating and a $484.10 price target. Institutional investors own 82.97% of Eaton’s shares.

Eaton Corporation, PLC (NYSE:ETN - Free Report) - Research analysts at Erste Group Bank boosted their FY2026 earnings estimates for Eaton in a note issued to investors on Wednesday, October 21st. Erste Group Bank analyst S. Lingnau now forecasts that the industrial products company will post earnings of $13.59 per share for the year, up from their prior estimate of $13.57. The consensus estimate for Eaton's current full-year earnings is $13.58 per share. Erste Group Bank also issued estimates for Eaton's FY2027 earnings at $16.32 EPS.

A number of other research firms have also recently weighed in on ETN. Weiss Ratings raised Eaton from a "buy (b-)" rating to a "buy (b)" rating in a research report on Thursday, October 8th. HSBC raised their price target on Eaton from $440.00 to $460.00 and gave the stock a "buy" rating in a report on Monday, August 3rd. Raymond James Financial boosted their price target on Eaton from $465.00 to $525.00 and gave the stock an "outperform" rating in a research note on Wednesday, August 5th. BMO Capital Markets upped their price objective on shares of Eaton from $477.00 to $487.00 and gave the company an "outperform" rating in a report on Monday, August 3rd. Finally, Wells Fargo & Company began coverage on shares of Eaton in a research report on Thursday, September 24th. They set an "overweight" rating and a $503.00 target price on the stock. One investment analyst has rated the stock with a Strong Buy rating, twenty have given a Buy rating and two have given a Hold rating to the company's stock. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $484.10.

Eaton Price Performance

NYSE ETN opened at $368.62 on Friday. The firm's fifty day simple moving average is $417.37 and its two-hundred day simple moving average is $411.34. The firm has a market capitalization of $143.17 billion, a P/E ratio of 37.50, a P/E/G ratio of 2.28 and a beta of 1.13. The company has a current ratio of 1.24, a quick ratio of 0.79 and a debt-to-equity ratio of 0.91. Eaton has a 12-month low of $311.92 and a 12-month high of $478.00.

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

Insider Buying and Selling

In related news, insider Adam Wadecki sold 525 shares of the business's stock in a transaction on Tuesday, August 4th. The shares were sold at an average price of $440.54, for a total transaction of $231,283.50. Following the completion of the transaction, the insider directly owned 1,054 shares in the company, valued at $464,329.16. The trade was a 33.25% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Gerald Johnson purchased 130 shares of the stock in a transaction on Thursday, August 13th. The stock was acquired at an average cost of $455.90 per share, for a total transaction of $59,267.00. Following the completion of the acquisition, the director owned 1,829 shares of the company's stock, valued at $833,841.10. The trade was a 7.65% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. 0.10% of the stock is currently owned by corporate insiders.

Institutional Trading of Eaton

Several hedge funds and other institutional investors have recently bought and sold shares of ETN. Gibbs Wealth Management boosted its position in Eaton by 67.2% in the 3rd quarter. Gibbs Wealth Management now owns 1,251 shares of the industrial products company's stock worth $538,000 after purchasing an additional 503 shares in the last quarter. Lantern Wealth Advisors LLC lifted its stake in shares of Eaton by 1.8% in the 3rd quarter. Lantern Wealth Advisors LLC now owns 4,043 shares of the industrial products company's stock valued at $1,737,000 after purchasing an additional 72 shares during the period. Gibson Capital LLC boosted its holdings in Eaton by 4.7% during the third quarter. Gibson Capital LLC now owns 849 shares of the industrial products company's stock worth $365,000 after buying an additional 38 shares in the last quarter. Wedbush Securities Inc. boosted its holdings in Eaton by 6.8% during the third quarter. Wedbush Securities Inc. now owns 14,847 shares of the industrial products company's stock worth $6,380,000 after buying an additional 939 shares in the last quarter. Finally, Fifth Third Wealth Advisors LLC grew its position in Eaton by 0.4% during the third quarter. Fifth Third Wealth Advisors LLC now owns 33,685 shares of the industrial products company's stock valued at $14,475,000 after buying an additional 149 shares during the period. 82.97% of the stock is owned by institutional investors and hedge funds.

About Eaton

Eaton Corporation plc is a global intelligent power management company that helps businesses, utilities, data centers, manufacturers and other organizations manage electrical, hydraulic and mechanical power more safely, efficiently and reliably. Its solutions support applications ranging from power distribution and backup systems to industrial automation, building infrastructure and transportation.

The company's Electrical segment provides products and systems such as circuit breakers, switchgear, power distribution equipment, surge protection, energy management software and data center power solutions.

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