Eaton (NYSE:ETN) Price Target Raised to $370.00

Eaton (NYSE:ETN) had its target price lifted by Wells Fargo & Company from $340.00 to $370.00 in a report issued on Wednesday morning,Benzinga reports. The brokerage currently has an equal weight rating on the industrial products company’s stock.

A number of other research firms have also weighed in on ETN. HSBC raised Eaton from a “hold” rating to a “buy” rating and set a $400.00 target price for the company in a research note on Friday, January 16th. Weiss Ratings reiterated a “buy (b-)” rating on shares of Eaton in a report on Wednesday, January 21st. JPMorgan Chase & Co. dropped their price target on Eaton from $440.00 to $406.00 and set an “overweight” rating for the company in a research note on Friday, January 16th. UBS Group restated a “neutral” rating and issued a $360.00 price objective (down from $440.00) on shares of Eaton in a report on Sunday, January 4th. Finally, Morgan Stanley reiterated an “overweight” rating and set a $425.00 target price on shares of Eaton in a report on Wednesday. Two equities research analysts have rated the stock with a Strong Buy rating, thirteen have given a Buy rating and five have issued a Hold rating to the company. According to MarketBeat, Eaton presently has a consensus rating of “Moderate Buy” and an average target price of $389.89.

Eaton Trading Up 5.5%

Shares of Eaton stock opened at $374.05 on Wednesday. Eaton has a 1 year low of $231.85 and a 1 year high of $399.56. The company has a 50 day simple moving average of $335.13 and a two-hundred day simple moving average of $354.58. The firm has a market cap of $145.28 billion, a PE ratio of 35.76, a PEG ratio of 2.38 and a beta of 1.20. The company has a debt-to-equity ratio of 0.45, a current ratio of 1.32 and a quick ratio of 0.79.

Eaton (NYSE:ETN) last released its quarterly earnings results on Tuesday, February 3rd. The industrial products company reported $3.33 earnings per share for the quarter, meeting analysts’ consensus estimates of $3.33. The business had revenue of $7.06 billion for the quarter, compared to the consensus estimate of $7.15 billion. Eaton had a return on equity of 25.00% and a net margin of 14.89%.The company’s revenue for the quarter was up 13.1% on a year-over-year basis. During the same quarter last year, the business posted $2.83 earnings per share. Eaton has set its Q1 2026 guidance at 2.650-2.850 EPS and its FY 2026 guidance at 13.000-13.500 EPS. Analysts expect that Eaton will post 12.02 earnings per share for the current fiscal year.

Insider Activity

In other news, Director Gerald Johnson acquired 200 shares of the firm’s stock in a transaction on Tuesday, November 18th. The stock was acquired at an average price 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 approximately $135,956. This trade represents a 100.00% increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 0.30% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the stock. Callahan Advisors LLC lifted its holdings in Eaton by 0.7% during the fourth quarter. Callahan Advisors LLC now owns 26,208 shares of the industrial products company’s stock valued at $8,348,000 after purchasing an additional 191 shares in the last quarter. Burling Wealth Partners LLC lifted its position in Eaton by 63.0% during the fourth quarter. Burling Wealth Partners LLC now owns 11,296 shares of the industrial products company’s stock worth $3,598,000 after buying an additional 4,366 shares in the last quarter. Redmont Wealth Advisors LLC boosted its position in shares of Eaton by 133.0% during the 4th quarter. Redmont Wealth Advisors LLC now owns 247 shares of the industrial products company’s stock valued at $79,000 after acquiring an additional 141 shares during the last quarter. Creative Financial Designs Inc. ADV boosted its holdings in Eaton by 5.8% in the 4th quarter. Creative Financial Designs Inc. ADV now owns 2,552 shares of the industrial products company’s stock valued at $813,000 after purchasing an additional 139 shares during the last quarter. Finally, Stronghold Wealth Management L.L.C. purchased a new stake in shares of Eaton during the 4th quarter valued at approximately $217,000. 82.97% of the stock is currently owned by hedge funds and other institutional investors.

Eaton Company Profile

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.