Eaton (NYSE:ETN) Trading Up 1.9% – Time to Buy?

Eaton Corporation, PLC (NYSE:ETN)’s share price shot up 1.9% during trading on Monday . The stock traded as high as $406.51 and last traded at $403.3770. 2,001,063 shares traded hands during trading, a decline of 28% from the average session volume of 2,772,622 shares. The stock had previously closed at $395.94.

Wall Street Analyst Weigh In

A number of research firms recently commented on ETN. Barclays raised their price objective on shares of Eaton from $340.00 to $392.00 and gave the company an “equal weight” rating in a research note on Wednesday, May 6th. Jefferies Financial Group began coverage on shares of Eaton in a research note on Monday, March 16th. They set a “buy” rating and a $430.00 target price for the company. Erste Group Bank initiated coverage on shares of Eaton in a research report on Tuesday, May 5th. They issued a “buy” rating on the stock. Weiss Ratings downgraded Eaton from a “buy (b)” rating to a “buy (b-)” rating in a research report on Monday, May 18th. Finally, Evercore set a $453.00 target price on Eaton in a research report on Monday, May 11th. Two analysts have rated the stock with a Strong Buy rating, fifteen have given a Buy rating and four have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $420.95.

Eaton Stock Up 1.9%

The business’s 50-day moving average price is $396.30 and its 200-day moving average price is $364.75. The company has a quick ratio of 0.75, a current ratio of 1.19 and a debt-to-equity ratio of 0.94. The firm has a market capitalization of $156.63 billion, a PE ratio of 39.43, a price-to-earnings-growth ratio of 2.55 and a beta of 1.19.

Eaton (NYSE:ETN) last released its quarterly earnings results on Tuesday, May 5th. The industrial products company reported $2.81 EPS for the quarter, topping analysts’ consensus estimates of $2.73 by $0.08. Eaton had a return on equity of 24.72% and a net margin of 13.99%.The business had revenue of $7.45 billion for the quarter, compared to analyst estimates of $7.14 billion. During the same period in the prior year, the company earned $2.72 EPS. Eaton’s revenue for the quarter was up 16.8% on a year-over-year basis. Eaton has set its Q2 2026 guidance at 3.000-3.100 EPS and its FY 2026 guidance at 13.050-13.500 EPS. As a group, equities research analysts predict that Eaton Corporation, PLC will post 13.32 EPS for the current fiscal year.

Eaton Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, May 29th. Shareholders of record on Friday, May 8th were given a $1.10 dividend. This represents a $4.40 dividend on an annualized basis and a yield of 1.1%. The ex-dividend date was Friday, May 8th. Eaton’s dividend payout ratio (DPR) is presently 43.01%.

Insider Activity at Eaton

In other news, Director Dorothy C. Thompson sold 167 shares of the company’s stock in a transaction on Friday, May 22nd. The stock was sold at an average price of $385.00, for a total transaction of $64,295.00. Following the transaction, the director owned 1,096 shares of the company’s stock, valued at $421,960. This represents a 13.22% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Antonio Galvao sold 494 shares of Eaton stock in a transaction dated Wednesday, May 13th. The stock was sold at an average price of $405.86, for a total value of $200,494.84. Following the completion of the sale, the insider owned 9,175 shares of the company’s stock, valued at approximately $3,723,765.50. The trade was a 5.11% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 21,028 shares of company stock valued at $8,614,793 over the last quarter. 0.10% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Eaton

Several institutional investors have recently modified their holdings of the stock. Hilton Head Capital Partners LLC acquired a new stake in Eaton in the fourth quarter worth $26,000. Sfam LLC acquired a new position in Eaton in the fourth quarter valued at about $27,000. Gunpowder Capital Management LLC dba Oliver Wealth Management bought a new stake in shares of Eaton during the 4th quarter valued at approximately $28,000. Eagle Bay Advisors LLC acquired a new stake in shares of Eaton during the 4th quarter valued at $29,000. Finally, Boreal Capital Management LLC acquired a new position in Eaton in the 1st quarter worth about $33,000. 82.97% of the stock is currently owned by institutional investors and hedge funds.

About Eaton

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.