Zacks Research Has Positive Estimate for Eaton Q3 Earnings

Eaton Corporation, PLC (NYSE:ETN) – Zacks Research lifted their Q3 2026 earnings estimates for shares of Eaton in a research note issued on Thursday, August 20th. Zacks Research analyst Team now anticipates that the industrial products company will post earnings of $3.51 per share for the quarter, up from their prior forecast of $3.50. The consensus estimate for Eaton’s current full-year earnings is $13.55 per share. Zacks Research also issued estimates for Eaton’s Q1 2027 earnings at $3.45 EPS, Q2 2027 earnings at $3.74 EPS, Q3 2027 earnings at $4.15 EPS, Q4 2027 earnings at $4.14 EPS, FY2027 earnings at $15.48 EPS, Q1 2028 earnings at $3.88 EPS, Q2 2028 earnings at $4.53 EPS and FY2028 earnings at $17.41 EPS.

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

Other analysts also recently issued research reports about the company. Robert W. Baird set a $500.00 price target on Eaton and gave the company an “outperform” rating in a research report on Thursday, August 20th. Morgan Stanley restated an “overweight” rating and issued a $500.00 price objective on shares of Eaton in a research report on Sunday, May 10th. JPMorgan Chase & Co. raised their target price on shares of Eaton from $406.00 to $445.00 and gave the company an “overweight” rating in a research note on Wednesday, May 6th. Royal Bank Of Canada lifted their target price on shares of Eaton from $484.00 to $512.00 and gave the company an “outperform” rating in a research report on Monday, August 3rd. Finally, Erste Group Bank assumed coverage on shares of Eaton in a research note on Tuesday, May 5th. They issued a “buy” rating for the company. Three investment analysts have rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and four have issued a Hold rating to the company’s stock. According to MarketBeat.com, Eaton currently has a consensus rating of “Moderate Buy” and a consensus price target of $440.89.

Eaton Price Performance

Shares of NYSE ETN opened at $409.12 on Monday. The firm has a market capitalization of $158.90 billion, a P/E ratio of 41.62, a P/E/G ratio of 2.58 and a beta of 1.18. The company has a quick ratio of 0.79, a current ratio of 1.24 and a debt-to-equity ratio of 0.91. The stock’s 50-day simple moving average is $417.33 and its two-hundred day simple moving average is $396.98. Eaton has a twelve month low of $311.92 and a twelve month high of $478.00.

Eaton Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, August 28th. Shareholders of record on Friday, August 7th will be paid a $1.10 dividend. The ex-dividend date of this dividend is Friday, August 7th. This represents a $4.40 annualized dividend and a yield of 1.1%. Eaton’s dividend payout ratio is currently 44.76%.

Insiders Place Their Bets

In other Eaton news, insider Adam A. Wadecki sold 525 shares of the stock in a transaction that occurred on Tuesday, August 4th. The shares were sold at an average price of $440.54, for a total transaction of $231,283.50. Following the transaction, the insider directly owned 1,054 shares in the company, valued at $464,329.16. This trade represents a 33.25% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Heath B. Monesmith sold 18,036 shares of Eaton stock in a transaction that occurred on Tuesday, August 11th. The stock was sold at an average price of $458.04, for a total transaction of $8,261,209.44. Following the transaction, the insider directly owned 50,368 shares in the company, valued at $23,070,558.72. This trade represents a 26.37% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 0.10% of the stock is owned by insiders.

Institutional Trading of Eaton

Several institutional investors have recently added to or reduced their stakes in ETN. California State Teachers Retirement System increased its holdings in shares of Eaton by 41,705.1% in the second quarter. California State Teachers Retirement System now owns 249,160,034 shares of the industrial products company’s stock worth $106,172,074,000 after buying an additional 248,564,030 shares during the period. Wellington Management Group LLP grew its position in Eaton by 19.6% during the 2nd quarter. Wellington Management Group LLP now owns 6,827,266 shares of the industrial products company’s stock worth $2,909,235,000 after acquiring an additional 1,120,567 shares during the last quarter. Williams Jones Wealth Management LLC. increased its stake in Eaton by 3.3% in the 3rd quarter. Williams Jones Wealth Management LLC. now owns 515,587 shares of the industrial products company’s stock worth $192,958,000 after purchasing an additional 16,422 shares during the period. Clal Insurance Enterprises Holdings Ltd lifted its position in Eaton by 112.6% in the first quarter. Clal Insurance Enterprises Holdings Ltd now owns 336,060 shares of the industrial products company’s stock valued at $120,199,000 after purchasing an additional 178,000 shares during the last quarter. Finally, Silvercrest Asset Management Group LLC lifted its position in Eaton by 23.1% in the fourth quarter. Silvercrest Asset Management Group LLC now owns 310,859 shares of the industrial products company’s stock valued at $99,012,000 after purchasing an additional 58,281 shares during the last quarter. 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.