Eaton (NYSE:ETN) Stock Rating Lowered by Wall Street Zen

Eaton (NYSE:ETN) was downgraded by investment analysts at Wall Street Zen from a “buy” rating to a “hold” rating in a report issued on Saturday.

Several other equities research analysts have also recently commented on the stock. JPMorgan Chase & Co. raised their target price on shares of Eaton from $300.00 to $360.00 and gave the stock an “overweight” rating in a research report on Friday, May 16th. Sanford C. Bernstein reaffirmed an “outperform” rating and issued a $396.00 target price on shares of Eaton in a research report on Monday, July 14th. Barclays raised their target price on shares of Eaton from $340.00 to $344.00 and gave the stock an “equal weight” rating in a research report on Wednesday, August 6th. Daiwa Capital Markets assumed coverage on shares of Eaton in a research note on Thursday. They issued an “outperform” rating and a $390.00 price target for the company. Finally, KeyCorp increased their price target on shares of Eaton from $355.00 to $410.00 and gave the stock an “overweight” rating in a research note on Tuesday, July 15th. One investment analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating and eight have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $379.59.

Eaton Trading Up 1.7%

NYSE:ETN opened at $366.31 on Friday. The company has a fifty day moving average of $362.13 and a 200 day moving average of $324.20. Eaton has a 52 week low of $231.85 and a 52 week high of $399.56. The company has a quick ratio of 0.76, a current ratio of 1.24 and a debt-to-equity ratio of 0.47. The firm 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 posted its quarterly earnings results on Tuesday, August 5th. The industrial products company reported $2.95 EPS for the quarter, beating analysts’ consensus estimates of $2.92 by $0.03. Eaton had a net margin of 15.11% and a return on equity of 23.91%. The company had revenue of $7.03 billion during the quarter, compared to analyst estimates of $6.93 billion. During the same period in the prior year, the business posted $2.73 EPS. The firm’s revenue was up 10.7% compared to the same quarter last year. Eaton has set its Q3 2025 guidance at 3.010-3.070 EPS. FY 2025 guidance at 11.970-12.170 EPS. On average, research analysts predict that Eaton will post 12.02 earnings per share for the current year.

Insider Activity at Eaton

In other news, insider Olivier Leonetti sold 16,018 shares of Eaton stock in a transaction that occurred 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 directly owned 630 shares in the company, valued at $225,785.70. The trade was a 96.22% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. 0.30% of the stock is owned by corporate insiders.

Institutional Trading of Eaton

Large investors have recently made changes to their positions in the stock. IMA Advisory Services Inc. bought a new stake in shares of Eaton in the first quarter worth approximately $25,000. Capital A Wealth Management LLC purchased a new position in shares of Eaton in the fourth quarter worth approximately $26,000. Creative Financial Designs Inc. ADV boosted its holdings in shares of Eaton by 102.0% in 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 during the last quarter. Vermillion Wealth Management Inc. purchased a new position in shares of Eaton in the fourth quarter worth approximately $33,000. Finally, WFA of San Diego LLC purchased a new position in shares of Eaton in the second quarter worth approximately $36,000. 82.97% of the stock is currently 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.