Eaton (NYSE:ETN) Raised to “Strong-Buy” at Daiwa America

Eaton (NYSE:ETN) was upgraded by equities research analysts at Daiwa America to a “strong-buy” rating in a research report issued to clients and investors on Thursday,Zacks.com reports.

Several other equities analysts have also recently weighed in on the stock. JPMorgan Chase & Co. raised their target price on shares of Eaton from $300.00 to $360.00 and gave the company an “overweight” rating in a research note on Friday, May 16th. BNP Paribas began coverage on shares of Eaton in a research report on Thursday, May 15th. They set an “outperform” rating and a $380.00 price objective for the company. The Goldman Sachs Group raised their target price on shares of Eaton from $345.00 to $382.00 and gave the stock a “buy” rating in a report on Tuesday, July 8th. Redburn Atlantic started coverage on shares of Eaton in a report on Wednesday, August 20th. They set a “hold” rating and a $336.00 price objective for the company. Finally, Raymond James Financial lifted their price objective on shares of Eaton from $380.00 to $415.00 and gave the company an “outperform” rating in a report on Thursday, August 7th. One equities research analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating and eight have issued a Hold rating to the stock. According to MarketBeat.com, Eaton currently has an average rating of “Moderate Buy” and an average price target of $379.59.

Eaton Price Performance

Shares of NYSE ETN opened at $366.31 on Thursday. 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 company’s 50-day moving average is $362.13 and its 200 day moving average is $324.20. The stock has a market capitalization of $142.60 billion, a P/E ratio of 36.85, a P/E/G ratio of 2.57 and a beta of 1.16.

Eaton (NYSE:ETN) last issued its earnings results on Tuesday, August 5th. The industrial products company reported $2.95 earnings per share (EPS) for the quarter, topping the consensus estimate 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 net margin of 15.11% and a return on equity of 23.91%. The business’s revenue was up 10.7% on a year-over-year basis. During the same quarter in the prior year, the firm posted $2.73 earnings per share. Eaton has set its Q3 2025 guidance at 3.010-3.070 EPS. FY 2025 guidance at 11.970-12.170 EPS. On average, sell-side analysts expect that Eaton will post 12.02 earnings per share for the current year.

Insider Buying and Selling

In related news, insider Olivier Leonetti sold 16,018 shares of the business’s stock in a transaction on Thursday, August 7th. The shares were sold at an average price of $358.39, for a total value of $5,740,691.02. Following the completion of the sale, the insider owned 630 shares of the company’s stock, valued at approximately $225,785.70. The trade was a 96.22% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 0.30% of the company’s stock.

Institutional Investors Weigh In On Eaton

Large investors have recently modified their holdings of the business. IMA Advisory Services Inc. purchased a new stake in shares of Eaton during the first quarter worth $25,000. Capital A Wealth Management LLC purchased a new stake in shares of Eaton during the fourth quarter worth $26,000. Creative Financial Designs Inc. ADV grew its holdings in shares of Eaton by 102.0% during the first quarter. Creative Financial Designs Inc. ADV now owns 101 shares of the industrial products company’s stock worth $27,000 after buying an additional 51 shares in the last quarter. Vermillion Wealth Management Inc. purchased a new stake in shares of Eaton during the fourth quarter worth $33,000. Finally, WFA of San Diego LLC purchased a new stake in shares of Eaton during the second quarter worth $36,000. Hedge funds and other institutional investors own 82.97% of the company’s stock.

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.