Zacks Research Has Optimistic Outlook of Eaton Q1 Earnings

Eaton Corporation, PLC (NYSE:ETN - Free Report) - Zacks Research increased their Q1 2026 earnings per share estimates for Eaton in a report released on Thursday, June 26th. Zacks Research analyst J. Saha now forecasts that the industrial products company will post earnings of $3.09 per share for the quarter, up from their prior forecast of $3.08. The consensus estimate for Eaton's current full-year earnings is $12.02 per share.

Several other equities analysts have also issued reports on ETN. Morgan Stanley lowered their price target on Eaton from $385.00 to $375.00 and set an "overweight" rating on the stock in a research note on Tuesday, May 6th. Royal Bank Of Canada lifted their price objective on Eaton from $336.00 to $356.00 and gave the stock an "outperform" rating in a report on Monday, May 5th. BNP Paribas Exane started 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. JPMorgan Chase & Co. lifted their price target on shares of Eaton from $300.00 to $360.00 and gave the stock an "overweight" rating in a research note on Friday, May 16th. Finally, Evercore ISI boosted their price target on shares of Eaton from $326.00 to $349.00 and gave the company an "in-line" rating in a report on Monday, May 19th. Five equities research analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company. According to MarketBeat.com, Eaton has a consensus rating of "Moderate Buy" and an average target price of $368.78.

Eaton Stock Performance

NYSE:ETN opened at $348.78 on Friday. The company has a debt-to-equity ratio of 0.41, a quick ratio of 0.84 and a current ratio of 1.31. The firm's 50-day moving average is $316.32 and its 200-day moving average is $312.86. Eaton has a 52-week low of $231.85 and a 52-week high of $379.99. The company has a market cap of $136.48 billion, a price-to-earnings ratio of 35.20, a PEG ratio of 2.65 and a beta of 1.16.

Eaton (NYSE:ETN - Get Free Report) last announced its earnings results on Friday, May 2nd. The industrial products company reported $2.72 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.70 by $0.02. Eaton had a net margin of 15.55% and a return on equity of 23.41%. The business had revenue of $6.38 billion for the quarter, compared to analyst estimates of $6.26 billion. During the same quarter in the previous year, the firm posted $2.40 earnings per share. Eaton's revenue was up 7.3% compared to the same quarter last year.

Institutional Trading of Eaton

Hedge funds have recently modified their holdings of the stock. IMA Advisory Services Inc. bought a new position in Eaton in the 1st quarter valued at $25,000. Capital A Wealth Management LLC bought a new position in Eaton in the fourth quarter valued at about $26,000. Flagship Wealth Advisors LLC bought a new stake in Eaton during the 4th quarter worth about $27,000. Creative Financial Designs Inc. ADV raised its holdings in Eaton by 102.0% during the 1st quarter. Creative Financial Designs Inc. ADV now owns 101 shares of the industrial products company's stock worth $27,000 after purchasing an additional 51 shares during the last quarter. Finally, Noble Wealth Management PBC acquired a new position in Eaton during the 4th quarter valued at about $30,000. 82.97% of the stock is owned by institutional investors.

Insider Transactions at Eaton

In other Eaton news, insider Craig Arnold sold 51,054 shares of the firm's stock in a transaction dated Thursday, May 8th. The shares were sold at an average price of $305.43, for a total value of $15,593,423.22. Following the completion of the sale, the insider now owns 489,444 shares in the company, valued at approximately $149,490,880.92. This trade represents a 9.45% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider Michael Yelton sold 2,120 shares of the business's stock in a transaction dated Tuesday, May 6th. The stock was sold at an average price of $296.87, for a total transaction of $629,364.40. Following the completion of the transaction, the insider now directly owns 3,382 shares of the company's stock, valued at approximately $1,004,014.34. This represents a 38.53% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 156,660 shares of company stock valued at $49,622,894 in the last three months. 0.30% of the stock is owned by corporate insiders.

Eaton Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, May 23rd. Stockholders of record on Monday, May 5th were paid a $1.04 dividend. This represents a $4.16 dividend on an annualized basis and a dividend yield of 1.19%. The ex-dividend date was Monday, May 5th. Eaton's dividend payout ratio (DPR) is currently 41.98%.

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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