Brokers Offer Predictions for Eaton's Q2 Earnings (NYSE:ETN)

Eaton Co. plc (NYSE:ETN - Free Report) - Equities research analysts at Zacks Research dropped their Q2 2025 earnings per share (EPS) estimates for Eaton in a research note issued on Tuesday, June 10th. Zacks Research analyst J. Saha now forecasts that the industrial products company will post earnings of $2.93 per share for the quarter, down from their previous estimate of $2.94. The consensus estimate for Eaton's current full-year earnings is $12.02 per share. Zacks Research also issued estimates for Eaton's FY2025 earnings at $11.96 EPS.

Eaton (NYSE:ETN - Get Free Report) last issued its quarterly earnings data 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 return on equity of 22.62% and a net margin of 15.25%. The company had revenue of $6.38 billion during the quarter, compared to analysts' expectations of $6.26 billion. During the same quarter in the previous year, the company posted $2.40 earnings per share. The business's revenue was up 7.3% on a year-over-year basis.

A number of other equities research analysts also recently weighed in on ETN. KeyCorp raised their price target on Eaton from $325.00 to $355.00 and gave the company an "overweight" rating in a research report on Monday, May 5th. Jefferies Financial Group cut their price objective on Eaton from $390.00 to $335.00 and set a "buy" rating for the company in a report on Wednesday, March 12th. Morgan Stanley lowered their price objective on Eaton from $385.00 to $375.00 and set an "overweight" rating on the stock in a research report on Tuesday, May 6th. Royal Bank of Canada boosted their price objective on Eaton from $336.00 to $356.00 and gave the stock an "outperform" rating in a research note on Monday, May 5th. Finally, Citigroup upped their target price on Eaton from $323.00 to $351.00 and gave the company a "buy" rating in a research note on Monday, May 5th. Five equities research analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company's stock. According to data from MarketBeat, Eaton presently has an average rating of "Moderate Buy" and a consensus price target of $368.78.

Eaton Stock Performance

Shares of ETN stock traded up $4.38 during trading on Thursday, hitting $330.09. The company's stock had a trading volume of 1,777,259 shares, compared to its average volume of 2,643,607. Eaton has a 52 week low of $231.85 and a 52 week high of $379.99. The business has a fifty day moving average of $301.79 and a 200-day moving average of $315.72. The company has a current ratio of 1.50, a quick ratio of 0.96 and a debt-to-equity ratio of 0.46. The company has a market cap of $129.16 billion, a PE ratio of 34.75, a P/E/G ratio of 2.64 and a beta of 1.16.

Eaton Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, May 23rd. Stockholders of record on Monday, May 5th were issued a $1.04 dividend. This represents a $4.16 annualized dividend and a dividend yield of 1.26%. The ex-dividend date of this dividend was Monday, May 5th. Eaton's dividend payout ratio (DPR) is presently 41.98%.

Insider Buying and Selling

In related news, insider Michael Yelton sold 2,120 shares of Eaton stock in a transaction that occurred on Tuesday, May 6th. The shares were sold at an average price of $296.87, for a total transaction of $629,364.40. Following the sale, the insider now directly owns 3,382 shares in the company, valued at $1,004,014.34. This trade represents a 38.53% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Craig Arnold sold 51,054 shares of the business's stock in a transaction on Thursday, May 8th. The shares were sold at an average price of $305.43, for a total transaction of $15,593,423.22. Following the sale, the insider now owns 489,444 shares of the company's stock, valued at $149,490,880.92. This trade represents a 9.45% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 156,660 shares of company stock worth $49,622,894. 0.30% of the stock is owned by insiders.

Hedge Funds Weigh In On Eaton

A number of hedge funds have recently bought and sold shares of ETN. Norden Group LLC lifted its position in shares of Eaton by 3.4% during the fourth quarter. Norden Group LLC now owns 978 shares of the industrial products company's stock worth $325,000 after purchasing an additional 32 shares during the last quarter. Commonwealth Financial Services LLC boosted its stake in shares of Eaton by 2.9% in the first quarter. Commonwealth Financial Services LLC now owns 1,175 shares of the industrial products company's stock valued at $319,000 after purchasing an additional 33 shares during the period. E Fund Management Co. Ltd. lifted its stake in Eaton by 3.1% in the first quarter. E Fund Management Co. Ltd. now owns 1,091 shares of the industrial products company's stock worth $297,000 after acquiring an additional 33 shares during the last quarter. TFC Financial Management Inc. raised its holdings in Eaton by 4.7% during the fourth quarter. TFC Financial Management Inc. now owns 752 shares of the industrial products company's stock worth $250,000 after purchasing an additional 34 shares in the last quarter. Finally, Nwam LLC grew its position in Eaton by 0.6% in the 4th quarter. Nwam LLC now owns 5,314 shares of the industrial products company's stock valued at $1,764,000 after buying an additional 34 shares during the last quarter. Hedge funds and other institutional investors 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.