Eaton Corporation, PLC (NYSE:ETN) Stock Has Consensus Target Price of $456.50

Shares of Eaton Corporation, PLC (NYSE:ETN) have been assigned an average recommendation of “Buy” from the eighteen brokerages that are currently covering the firm, Marketbeat.com reports. One analyst has rated the stock with a hold rating, fifteen have assigned a buy rating and two have assigned a strong buy rating to the company. The average twelve-month price target among analysts that have updated their coverage on the stock in the last year is $456.50.

A number of research firms have weighed in on ETN. Morgan Stanley increased their price objective on Eaton from $500.00 to $520.00 and gave the stock an “overweight” rating in a research report on Friday, August 28th. Robert W. Baird set a $500.00 price objective on shares of Eaton and gave the company an “outperform” rating in a research report on Thursday, August 20th. Evercore raised shares of Eaton from an “in-line” rating to an “outperform” rating and set a $502.00 target price on the stock in a report on Monday, August 3rd. Wells Fargo & Company began coverage on shares of Eaton in a report on Thursday, September 24th. They set an “overweight” rating and a $503.00 price target for the company. Finally, BMO Capital Markets raised their price objective on shares of Eaton from $477.00 to $487.00 and gave the company an “outperform” rating in a research report on Monday, August 3rd.

Eaton Stock Down 0.2%

Shares of NYSE ETN opened at $435.35 on Wednesday. The stock has a market cap of $169.09 billion, a PE ratio of 44.29, a price-to-earnings-growth ratio of 2.65 and a beta of 1.13. Eaton has a 52-week low of $311.92 and a 52-week high of $478.00. The business has a 50-day moving average price of $422.21 and a 200 day moving average price of $406.41. The company has a quick ratio of 0.79, a current ratio of 1.24 and a debt-to-equity ratio of 0.91.

Eaton (NYSE:ETN) last announced its earnings results on Friday, July 31st. The industrial products company reported $3.15 EPS for the quarter, beating analysts’ consensus estimates of $3.08 by $0.07. Eaton had a net margin of 12.75% and a return on equity of 24.58%. The business had revenue of $8.53 billion for the quarter, compared to analysts’ expectations of $8.16 billion. During the same period in the previous year, the company posted $2.95 EPS. The company’s quarterly revenue was up 21.4% on a year-over-year basis. Eaton has set its Q3 2026 guidance at 3.460-3.560 EPS and its FY 2026 guidance at 13.400-13.600 EPS. Equities research analysts forecast that Eaton will post 13.57 earnings per share for the current year.

Eaton Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, August 28th. Shareholders of record on Friday, August 7th were given a $1.10 dividend. The ex-dividend date was Friday, August 7th. This represents a $4.40 annualized dividend and a yield of 1.0%. Eaton’s dividend payout ratio is presently 44.76%.

Insider Buying and Selling at Eaton

In related news, Director Gerald Johnson purchased 130 shares of the stock in a transaction dated Thursday, August 13th. The shares were acquired at an average cost of $455.90 per share, with a total value of $59,267.00. Following the purchase, the director directly owned 1,829 shares in the company, valued at $833,841.10. This trade represents a 7.65% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, insider Heath Monesmith sold 18,036 shares of the stock in a transaction dated Tuesday, August 11th. The shares were sold at an average price of $458.04, for a total transaction of $8,261,209.44. Following the completion of the transaction, the insider directly owned 50,368 shares of the company’s stock, valued at approximately $23,070,558.72. This trade represents a 26.37% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 0.10% of the stock is owned by corporate insiders.

Institutional Trading of Eaton

Several institutional investors and hedge funds have recently modified their holdings of the business. Hilton Head Capital Partners LLC acquired a new position in shares of Eaton in the fourth quarter worth $26,000. Security National Bank of SO Dak purchased a new stake in Eaton during the 2nd quarter worth about $26,000. Manning & Napier Advisors LLC acquired a new position in Eaton in the 2nd quarter valued at about $27,000. Gunpowder Capital Management LLC dba Oliver Wealth Management acquired a new stake in shares of Eaton during the 4th quarter worth about $28,000. Finally, Boreal Capital Management LLC acquired a new stake in shares of Eaton during the 1st quarter worth about $33,000. Hedge funds and other institutional investors own 82.97% of the company’s stock.

Eaton Company Profile

Eaton Corporation plc (NYSE: ETN) is a global power management company that helps customers manage electrical, hydraulic and mechanical power more safely, efficiently and reliably. Its products and systems serve commercial, industrial, utility, data center, residential, aerospace, vehicle and mobility applications.

The company’s electrical businesses provide circuit protection and control equipment, power distribution systems, connectivity solutions, backup power and other technologies used to support critical infrastructure and improve energy efficiency.