Eaton Corporation, PLC (NYSE:ETN) Receives Consensus Recommendation of “Moderate Buy” from Analysts

Eaton Corporation, PLC (NYSE:ETN) has been given an average recommendation of “Moderate Buy” by the twenty-three ratings firms that are covering the firm, MarketBeat.com reports. Six investment analysts have rated the stock with a hold rating, sixteen have assigned a buy rating and one has issued a strong buy rating on the company. The average 1-year price objective among brokerages that have covered the stock in the last year is $401.50.

Several research firms have recently commented on ETN. Melius Research raised shares of Eaton from a “hold” rating to a “buy” rating and raised their price objective for the company from $412.00 to $495.00 in a research note on Monday, September 15th. Redburn Atlantic began coverage on Eaton in a research report on Wednesday, August 20th. They set a “hold” rating and a $336.00 price objective on the stock. Royal Bank Of Canada increased their price objective on Eaton from $425.00 to $432.00 and gave the company an “outperform” rating in a research note on Wednesday, November 5th. Weiss Ratings reissued a “buy (b-)” rating on shares of Eaton in a research note on Wednesday, October 8th. Finally, Melius upgraded Eaton from a “hold” rating to a “buy” rating and set a $495.00 price target on the stock in a report on Monday, September 15th.

Insiders Place Their Bets

In other Eaton news, Director Gerald Johnson purchased 200 shares of the stock in a transaction that occurred on Tuesday, November 18th. The stock was purchased at an average cost of $339.89 per share, with a total value of $67,978.00. Following the completion of the acquisition, the director directly owned 400 shares of the company’s stock, valued at $135,956. This trade represents a 100.00% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders acquired 500 shares of company stock valued at $174,389 in the last 90 days. 0.30% of the stock is owned by company insiders.

Hedge Funds Weigh In On Eaton

A number of hedge funds have recently modified their holdings of ETN. WFA of San Diego LLC purchased a new position in Eaton during the second quarter worth about $36,000. Imprint Wealth LLC acquired a new position in Eaton during the 3rd quarter worth approximately $39,000. Redmont Wealth Advisors LLC purchased a new position in shares of Eaton during the 3rd quarter worth approximately $40,000. Saudi Central Bank acquired a new stake in shares of Eaton in the 1st quarter valued at approximately $42,000. Finally, Flagship Wealth Advisors LLC boosted its stake in shares of Eaton by 125.0% in the first quarter. Flagship Wealth Advisors LLC now owns 180 shares of the industrial products company’s stock valued at $49,000 after buying an additional 100 shares in the last quarter. 82.97% of the stock is currently owned by hedge funds and other institutional investors.

Eaton Price Performance

Eaton stock opened at $335.62 on Thursday. The company has a fifty day simple moving average of $364.80 and a 200-day simple moving average of $356.71. The firm has a market capitalization of $130.36 billion, a price-to-earnings ratio of 33.56, a PEG ratio of 2.51 and a beta of 1.17. The company has a quick ratio of 0.79, a current ratio of 1.28 and a debt-to-equity ratio of 0.46. Eaton has a 52-week low of $231.85 and a 52-week high of $399.56.

Eaton (NYSE:ETN) last posted its quarterly earnings results on Tuesday, November 4th. The industrial products company reported $3.07 EPS for the quarter, beating the consensus estimate of $3.06 by $0.01. Eaton had a return on equity of 24.36% and a net margin of 14.74%.The firm had revenue of $6.99 billion during the quarter, compared to analysts’ expectations of $7.09 billion. Eaton has set its Q4 2025 guidance at 3.230-3.430 EPS and its FY 2025 guidance at 11.970-12.170 EPS. On average, equities analysts anticipate that Eaton will post 12.02 EPS for the current fiscal year.

Eaton Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, November 21st. Stockholders of record on Thursday, November 6th were issued a $1.04 dividend. This represents a $4.16 dividend on an annualized basis and a dividend yield of 1.2%. The ex-dividend date was Thursday, November 6th. Eaton’s dividend payout ratio (DPR) is presently 41.60%.

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.