Eaton (NYSE:ETN) Price Target Lowered to $406.00 at JPMorgan Chase & Co.

Eaton (NYSE:ETNFree Report) had its price target lowered by JPMorgan Chase & Co. from $440.00 to $406.00 in a report published on Friday,Benzinga reports. The firm currently has an overweight rating on the industrial products company’s stock.

Other equities analysts also recently issued research reports about the stock. Wells Fargo & Company dropped their price target on shares of Eaton from $395.00 to $340.00 and set an “equal weight” rating for the company in a research note on Thursday, December 18th. Citigroup cut their target price on Eaton from $442.00 to $435.00 and set a “buy” rating on the stock in a report on Monday, January 12th. Barclays decreased their price target on Eaton from $362.00 to $350.00 and set an “equal weight” rating for the company in a research note on Wednesday, January 7th. HSBC upgraded Eaton from a “hold” rating to a “buy” rating and set a $400.00 target price on the stock in a report on Friday. Finally, Mizuho raised their price target on shares of Eaton from $385.00 to $425.00 and gave the stock an “outperform” rating in a report on Friday, October 17th. One analyst has rated the stock with a Strong Buy rating, eighteen have issued a Buy rating and seven have given a Hold rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $388.74.

View Our Latest Stock Analysis on Eaton

Eaton Price Performance

Shares of ETN opened at $343.78 on Friday. The business has a 50-day simple moving average of $334.76 and a two-hundred day simple moving average of $356.13. Eaton has a 12-month low of $231.85 and a 12-month high of $399.56. The stock has a market cap of $133.52 billion, a PE ratio of 34.38, a PEG ratio of 2.21 and a beta of 1.20. The company has a quick ratio of 0.79, a current ratio of 1.28 and a debt-to-equity ratio of 0.46.

Eaton (NYSE:ETNGet Free Report) last released its quarterly earnings results on Tuesday, November 4th. The industrial products company reported $3.07 earnings per share for the quarter, topping the consensus estimate of $3.06 by $0.01. The company had revenue of $6.99 billion for the quarter, compared to analysts’ expectations of $7.09 billion. Eaton had a return on equity of 24.36% and a net margin of 14.74%.Eaton has set its Q4 2025 guidance at 3.230-3.430 EPS and its FY 2025 guidance at 11.970-12.170 EPS. Analysts anticipate that Eaton will post 12.02 earnings per share for the current fiscal year.

Eaton Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, November 21st. Stockholders of record on Thursday, November 6th were given a dividend of $1.04 per share. The ex-dividend date of this dividend was Thursday, November 6th. This represents a $4.16 annualized dividend and a dividend yield of 1.2%. Eaton’s dividend payout ratio (DPR) is 41.60%.

Insider Activity

In related news, Director Gerald Johnson bought 200 shares of the business’s stock in a transaction that occurred on Tuesday, November 18th. The shares were acquired at an average cost of $339.89 per share, with a total value of $67,978.00. Following the completion of the purchase, the director directly owned 400 shares in the company, valued at $135,956. The trade was a 100.00% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In the last 90 days, insiders have acquired 500 shares of company stock worth $174,389. 0.30% of the stock is owned by insiders.

Hedge Funds Weigh In On Eaton

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Fayez Sarofim & Co grew its stake in shares of Eaton by 3.4% in the 3rd quarter. Fayez Sarofim & Co now owns 1,256,177 shares of the industrial products company’s stock valued at $474,444,000 after buying an additional 40,792 shares during the period. Williams Jones Wealth Management LLC. grew its stake in Eaton by 3.3% in the third quarter. Williams Jones Wealth Management LLC. now owns 515,587 shares of the industrial products company’s stock valued at $192,958,000 after acquiring an additional 16,422 shares during the period. Baird Financial Group Inc. increased its holdings in shares of Eaton by 8.8% during the second quarter. Baird Financial Group Inc. now owns 370,531 shares of the industrial products company’s stock valued at $132,276,000 after acquiring an additional 29,900 shares in the last quarter. SG Americas Securities LLC raised its position in shares of Eaton by 438.9% during the fourth quarter. SG Americas Securities LLC now owns 364,877 shares of the industrial products company’s stock worth $116,217,000 after purchasing an additional 297,166 shares during the period. Finally, Whittier Trust Co. grew its position in Eaton by 6.2% in the 2nd quarter. Whittier Trust Co. now owns 272,608 shares of the industrial products company’s stock valued at $97,315,000 after purchasing an additional 15,971 shares during the period. Institutional investors own 82.97% of the company’s stock.

More Eaton News

Here are the key news stories impacting Eaton this week:

About Eaton

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Eaton (NYSE: ETN) is a diversified power management company that designs, manufactures and distributes products and systems to manage electrical, hydraulic and mechanical power. The company’s offerings are used to improve energy efficiency, reliability and safety across a wide range of applications, with core capabilities in electrical distribution and control, industrial hydraulics and aerospace systems.

Its product portfolio includes switchgear, circuit breakers, transformers, power distribution units, uninterruptible power supplies and surge protection devices for electrical infrastructure, along with hydraulic pumps, valves and filtration systems for industrial and mobile equipment.

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Analyst Recommendations for Eaton (NYSE:ETN)

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