Redburn Atlantic Initiates Coverage on Eaton (NYSE:ETN)

Research analysts at Redburn Atlantic initiated coverage on shares of Eaton (NYSE:ETN) in a report released on Wednesday, Marketbeat reports. The brokerage set a “hold” rating and a $336.00 price target on the industrial products company’s stock. Redburn Atlantic’s price objective suggests a potential downside of 2.70% from the stock’s previous close.

Several other research firms also recently weighed in on ETN. Royal Bank Of Canada lifted their target price on Eaton from $336.00 to $356.00 and gave the company an “outperform” rating in a research report on Monday, May 5th. BNP Paribas Exane started coverage on Eaton in a research report on Thursday, May 15th. They set an “outperform” rating and a $380.00 target price on the stock. Barclays lifted their target price on Eaton from $340.00 to $344.00 and gave the company an “equal weight” rating in a research report on Wednesday, August 6th. BNP Paribas started coverage on Eaton in a research report on Thursday, May 15th. They set an “outperform” rating and a $380.00 target price on the stock. Finally, Wall Street Zen downgraded Eaton from a “buy” rating to a “hold” rating in a research report on Saturday, August 2nd. Fourteen research analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, Eaton currently has an average rating of “Moderate Buy” and an average target price of $379.10.

Eaton Stock Performance

ETN stock opened at $345.3330 on Wednesday. The company has a market cap of $134.44 billion, a P/E ratio of 34.74, a price-to-earnings-growth ratio of 2.55 and a beta of 1.18. Eaton has a 1 year low of $231.85 and a 1 year high of $399.56. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.24 and a quick ratio of 0.76. The stock’s fifty day moving average price is $359.87 and its 200-day moving average price is $319.49.

Eaton (NYSE:ETN) last released its quarterly earnings results on Tuesday, August 5th. The industrial products company reported $2.95 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.92 by $0.03. The firm had revenue of $7.03 billion for the quarter, compared to the consensus estimate of $6.93 billion. Eaton had a return on equity of 23.91% and a net margin of 15.11%.The company’s revenue for the quarter was up 10.7% on a year-over-year basis. During the same period last year, the business posted $2.73 EPS. Eaton has set its Q3 2025 guidance at 3.010-3.070 EPS. FY 2025 guidance at 11.970-12.170 EPS. On average, equities analysts forecast that Eaton will post 12.02 earnings per share for the current year.

Insider Buying and Selling

In other Eaton news, insider Olivier Leonetti sold 16,018 shares of the firm’s stock in a transaction dated Thursday, August 7th. The stock was sold at an average price of $358.39, for a total transaction of $5,740,691.02. Following the sale, the insider directly owned 630 shares of the company’s stock, valued at $225,785.70. This trade represents a 96.22% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.30% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Eaton

Large investors have recently made changes to their positions in the company. Brighton Jones LLC increased its stake in Eaton by 1.4% during the fourth quarter. Brighton Jones LLC now owns 3,341 shares of the industrial products company’s stock worth $1,109,000 after acquiring an additional 45 shares during the last quarter. Revolve Wealth Partners LLC increased its stake in Eaton by 17.5% during the fourth quarter. Revolve Wealth Partners LLC now owns 913 shares of the industrial products company’s stock worth $303,000 after acquiring an additional 136 shares during the last quarter. Bank Pictet & Cie Europe AG bought a new stake in Eaton during the fourth quarter worth approximately $42,839,000. MGO One Seven LLC increased its stake in Eaton by 3.4% during the fourth quarter. MGO One Seven LLC now owns 13,348 shares of the industrial products company’s stock worth $4,430,000 after acquiring an additional 442 shares during the last quarter. Finally, Brasada Capital Management LP increased its stake in Eaton by 1.7% during the fourth quarter. Brasada Capital Management LP now owns 16,405 shares of the industrial products company’s stock worth $5,561,000 after acquiring an additional 271 shares during the last quarter. 82.97% of the stock is owned by institutional investors.

About Eaton

Eaton Corporation plc operates as a power management company worldwide. The company’s Electrical Americas and Electrical Global segment provides electrical components, industrial components, power distribution and assemblies, residential products, single and three phase power quality and connectivity products, wiring devices, circuit protection products, utility power distribution products, power reliability equipment, and services, as well as hazardous duty electrical equipment, emergency lighting, fire detection, explosion-proof instrumentation, and structural support systems.