Eaton (NYSE:ETN) Earns Hold Rating from Analysts at Redburn Atlantic

Key Points

• Redburn Atlantic has initiated coverage on Eaton (NYSE:ETN) with a "neutral" rating and a price target of $336.00, indicating a potential downside of 3.61% from its previous close.
• Other analysts, including Morgan Stanley and Wells Fargo, have raised their price targets for Eaton, with Morgan Stanley's target now at $425.00 and Wells Fargo at $360.00, reflecting positive market sentiment.
• Eaton recently reported earnings of $2.95 per share, exceeding estimates, with revenues totaling $7.03 billion, marking a year-over-year increase of 10.7%.

Equities researchers at Redburn Atlantic began coverage on shares of Eaton (NYSE:ETN - Get Free Report) in a research note issued to investors on Wednesday, MarketBeat.com reports. The brokerage set a "hold" rating and a $336.00 price target on the industrial products company's stock. Redburn Atlantic's price target suggests a potential downside of 3.27% from the stock's current price.

Several other analysts also recently commented on the company. BNP Paribas Exane assumed coverage on Eaton in a research note on Thursday, May 15th. They issued an "outperform" rating and a $380.00 target price for the company. Barclays raised their price objective on Eaton from $340.00 to $344.00 and gave the company an "equal weight" rating in a research note on Wednesday, August 6th. Sanford C. Bernstein reaffirmed an "outperform" rating and set a $396.00 target price on shares of Eaton in a research report on Monday, July 14th. Wall Street Zen lowered shares of Eaton from a "buy" rating to a "hold" rating in a research note on Saturday, August 2nd. Finally, Morgan Stanley raised their price objective on shares of Eaton from $375.00 to $425.00 and gave the company an "overweight" rating in a research note on Wednesday, August 6th. Fourteen analysts have rated the stock with a Buy rating and nine have given a Hold rating to the company's stock. According to MarketBeat.com, Eaton presently has an average rating of "Moderate Buy" and an average price target of $379.10.

Eaton Trading Up 0.6%

ETN stock traded up $1.9770 during mid-day trading on Wednesday, reaching $347.3570. The company's stock had a trading volume of 1,964,878 shares, compared to its average volume of 2,630,220. The company has a market cap of $135.23 billion, a price-to-earnings ratio of 34.95, a price-to-earnings-growth ratio of 2.55 and a beta of 1.18. Eaton has a 12 month low of $231.85 and a 12 month high of $399.56. The business's 50 day moving average price is $360.36 and its 200 day moving average price is $319.71. The company has a current ratio of 1.24, a quick ratio of 0.76 and a debt-to-equity ratio of 0.47.

Eaton (NYSE:ETN - Get Free Report) last released its quarterly earnings data on Tuesday, August 5th. The industrial products company reported $2.95 earnings per share for the quarter, beating 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 company had revenue of $7.03 billion during the quarter, compared to analyst estimates of $6.93 billion. During the same quarter in the previous year, the business posted $2.73 EPS. Eaton'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, equities research analysts predict that Eaton will post 12.02 EPS for the current year.

Insider Buying and Selling

In other Eaton news, insider Olivier Leonetti sold 16,018 shares of Eaton stock in a transaction that occurred on Thursday, August 7th. The shares were sold at an average price of $358.39, for a total transaction of $5,740,691.02. Following the transaction, the insider owned 630 shares of the company's stock, valued at $225,785.70. This trade represents a 96.22% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 0.30% of the company's stock.

Institutional Trading of Eaton

A number of hedge funds have recently bought and sold shares of ETN. Capital A Wealth Management LLC purchased a new stake in shares of Eaton during the 4th quarter valued at $26,000. IMA Advisory Services Inc. bought a new position in Eaton during the first quarter valued at about $25,000. Vermillion Wealth Management Inc. purchased a new stake in Eaton during the fourth quarter worth about $33,000. WFA of San Diego LLC bought a new stake in Eaton in the second quarter worth about $36,000. Finally, Creative Financial Designs Inc. ADV grew its position in shares of Eaton by 102.0% during the 1st quarter. Creative Financial Designs Inc. ADV now owns 101 shares of the industrial products company's stock valued at $27,000 after acquiring an additional 51 shares during the period. 82.97% of the stock is currently owned by institutional investors.

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.