Wells Fargo & Company Issues Positive Forecast for Eaton (NYSE:ETN) Stock Price

Key Points

• Wells Fargo & Company raised their price target for Eaton (NYSE:ETN) from $375.00 to $395.00, indicating a potential upside of 3.03% from its previous close with an "equal weight" rating.
• Multiple analysts have upgraded Eaton stock ratings, with Melius setting a price target of $495.00 and Citigroup adjusting their target to $425.00, showing strong confidence in the company's performance.
• Eaton reported a quarterly EPS of $2.95, beating estimates, and is guiding for Q3 2025 EPS between $3.010 to $3.070, reflecting an optimistic outlook for future earnings.

Eaton (NYSE:ETN - Get Free Report) had its price objective boosted by equities researchers at Wells Fargo & Company from $375.00 to $395.00 in a research report issued on Monday,Benzinga reports. The firm presently has an "equal weight" rating on the industrial products company's stock. Wells Fargo & Company's price target points to a potential upside of 3.03% from the stock's previous close.

Several other analysts also recently issued reports on ETN. Melius raised Eaton from a "hold" rating to a "buy" rating and set a $495.00 price objective on the stock in a report on Monday, September 15th. Weiss Ratings reissued a "buy (b-)" rating on shares of Eaton in a research report on Saturday, September 27th. Sanford C. Bernstein reissued an "outperform" rating and set a $396.00 price objective on shares of Eaton in a research report on Monday, July 14th. Citigroup raised their target price on Eaton from $420.00 to $425.00 and gave the company a "buy" rating in a report on Wednesday, August 6th. Finally, Barclays raised their price objective on shares of Eaton from $340.00 to $344.00 and gave the stock an "equal weight" rating in a research note on Wednesday, August 6th. One equities research analyst has rated the stock with a Strong Buy rating, eighteen have given a Buy rating and six have given a Hold rating to the stock. According to MarketBeat.com, Eaton presently has an average rating of "Moderate Buy" and an average target price of $392.27.

Eaton Stock Performance

Shares of ETN opened at $383.39 on Monday. The company's 50 day moving average price is $362.76 and its 200 day moving average price is $333.49. The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.76 and a current ratio of 1.24. Eaton has a 52 week low of $231.85 and a 52 week high of $399.56. The company has a market capitalization of $149.25 billion, a PE ratio of 38.57, a PEG ratio of 2.67 and a beta of 1.18.

Eaton (NYSE:ETN - Get Free Report) last issued 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. The firm had revenue of $7.03 billion for the quarter, compared to the consensus estimate of $6.93 billion. Eaton had a return on equity of 23.91% and a net margin of 15.11%.The business's quarterly revenue was up 10.7% compared to the same quarter last year. During the same quarter in the previous year, the company 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. Research analysts expect that Eaton will post 12.02 EPS for the current fiscal year.

Insider Activity at Eaton

In other Eaton news, insider Olivier Leonetti sold 16,018 shares of the firm'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 completion of the transaction, the insider directly owned 630 shares in the company, valued at $225,785.70. This trade represents a 96.22% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.30% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the stock. Brighton Jones LLC lifted its holdings in shares of Eaton by 1.4% during the 4th quarter. Brighton Jones LLC now owns 3,341 shares of the industrial products company's stock worth $1,109,000 after acquiring an additional 45 shares during the period. Revolve Wealth Partners LLC boosted its position in Eaton by 17.5% in the fourth quarter. Revolve Wealth Partners LLC now owns 913 shares of the industrial products company's stock valued at $303,000 after buying an additional 136 shares in the last quarter. Sivia Capital Partners LLC increased its holdings in Eaton by 9.2% in the 1st quarter. Sivia Capital Partners LLC now owns 1,190 shares of the industrial products company's stock worth $324,000 after purchasing an additional 100 shares in the last quarter. Wedmont Private Capital raised its position in Eaton by 7.1% in the first quarter. Wedmont Private Capital now owns 5,872 shares of the industrial products company's stock valued at $1,630,000 after purchasing an additional 388 shares during the last quarter. Finally, RDA Financial Network grew its holdings in Eaton by 4.4% during the 1st quarter. RDA Financial Network now owns 1,269 shares of the industrial products company's stock worth $345,000 after acquiring an additional 53 shares during the last quarter. Institutional investors and hedge funds own 82.97% of the company's stock.

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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