Erste Group Bank Brokers Raise Earnings Estimates for Eaton

Eaton Corporation, PLC (NYSE:ETN) – Investment analysts at Erste Group Bank increased their FY2026 earnings estimates for shares of Eaton in a research note issued to investors on Thursday, June 25th. Erste Group Bank analyst S. Lingnau now anticipates that the industrial products company will post earnings per share of $13.35 for the year, up from their previous forecast of $13.32. Erste Group Bank currently has a “Buy” rating on the stock. The consensus estimate for Eaton’s current full-year earnings is $13.33 per share.

Eaton (NYSE:ETN) last posted 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 net margin of 13.99% and a return on equity of 24.72%. The company had revenue of $7.45 billion for the quarter, compared to analysts’ expectations of $7.14 billion. During the same quarter in the previous year, the firm posted $2.72 EPS. Eaton’s revenue 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.

A number of other research analysts have also recently commented on the company. Evercore set a $453.00 price target on Eaton in a research report on Monday, May 11th. BMO Capital Markets began coverage on Eaton in a research note on Friday, March 27th. They issued an “outperform” rating and a $428.00 price objective on the stock. JPMorgan Chase & Co. increased their target price on shares of Eaton from $406.00 to $445.00 and gave the stock an “overweight” rating in a research report on Wednesday, May 6th. Citigroup lifted their target price on shares of Eaton from $464.00 to $471.00 and gave the stock a “buy” rating in a research note on Wednesday, May 6th. Finally, Morgan Stanley restated an “overweight” rating and set a $500.00 price target on shares of Eaton in a research note on Sunday, May 10th. Two analysts have rated the stock with a Strong Buy rating, fifteen have given a Buy rating and four have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $420.95.

Eaton Stock Performance

NYSE:ETN opened at $426.51 on Wednesday. The company has a market capitalization of $165.61 billion, a P/E ratio of 41.69, a P/E/G ratio of 2.62 and a beta of 1.19. The business has a fifty day simple moving average of $406.63 and a two-hundred day simple moving average of $373.02. The company has a debt-to-equity ratio of 0.94, a current ratio of 1.19 and a quick ratio of 0.75. Eaton has a 1 year low of $311.92 and a 1 year high of $436.74.

Institutional Trading of Eaton

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

Insider Buying and Selling at Eaton

In other news, Director Gerald Johnson purchased 215 shares of the firm’s stock in a transaction dated Monday, May 11th. The shares were purchased at an average price of $419.02 per share, with a total value of $90,089.30. Following the completion of the acquisition, the director owned 1,629 shares in the company, valued at $682,583.58. This trade represents a 15.21% increase in their position. The acquisition was disclosed in a filing with the SEC, which is available through this hyperlink. Also, insider Heath B. Monesmith sold 18,367 shares of the stock in a transaction on Wednesday, May 6th. The stock was sold at an average price of $409.11, for a total value of $7,514,123.37. Following the completion of the sale, the insider owned 49,822 shares in the company, valued at $20,382,678.42. This trade represents a 26.94% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 21,028 shares of company stock worth $8,614,793 in the last ninety days. Insiders own 0.10% of the company’s stock.

Eaton Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, May 29th. Investors of record on Friday, May 8th were paid a dividend of $1.10 per share. The ex-dividend date of this dividend was Friday, May 8th. This represents a $4.40 annualized dividend and a yield of 1.0%. Eaton’s payout ratio is currently 43.01%.

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.