Eaton (NYSE:ETN) Stock Rating Upgraded by Hsbc Global Res

Eaton (NYSE:ETNGet Free Report) was upgraded by Hsbc Global Res from a “hold” rating to a “strong-buy” rating in a research report issued on Friday,Zacks.com reports.

Other equities research analysts have also recently issued research reports about the company. Weiss Ratings restated a “buy (b-)” rating on shares of Eaton in a research note on Wednesday, October 8th. HSBC upgraded shares of Eaton from a “hold” rating to a “buy” rating and set a $400.00 target price for the company in a research note on Friday. Wolfe Research upgraded shares of Eaton from a “peer perform” rating to an “outperform” rating and set a $413.00 price target on the stock in a research note on Tuesday, December 9th. Royal Bank Of Canada set a $399.00 price objective on shares of Eaton in a research report on Thursday. Finally, Mizuho upped their target price on Eaton from $385.00 to $425.00 and gave the company an “outperform” rating in a research report on Friday, October 17th. Two research analysts have rated the stock with a Strong Buy rating, eighteen have given a Buy rating and seven have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $388.74.

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Eaton Stock Up 3.1%

Eaton stock opened at $343.78 on Friday. Eaton has a fifty-two week low of $231.85 and a fifty-two week high of $399.56. The firm has a market capitalization of $133.52 billion, a PE ratio of 34.38, a P/E/G ratio of 2.28 and a beta of 1.20. The company’s 50-day moving average is $334.76 and its 200-day moving average is $356.14. The company has a debt-to-equity ratio of 0.46, a current ratio of 1.28 and a quick ratio of 0.79.

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

Insider Transactions at Eaton

In related news, Director Gerald Johnson acquired 200 shares of the stock in a transaction on Tuesday, November 18th. The shares were purchased at an average price of $339.89 per share, for a total transaction of $67,978.00. Following the purchase, the director directly owned 400 shares in the company, valued at approximately $135,956. The trade was a 100.00% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through this hyperlink. Insiders purchased a total of 500 shares of company stock worth $174,389 over the last 90 days. Corporate insiders own 0.30% of the company’s stock.

Institutional Trading of Eaton

Large investors have recently modified their holdings of the stock. Fayez Sarofim & Co raised its stake in Eaton by 3.4% in the third quarter. Fayez Sarofim & Co now owns 1,256,177 shares of the industrial products company’s stock valued at $474,444,000 after purchasing an additional 40,792 shares in the last quarter. Williams Jones Wealth Management LLC. increased its holdings 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 valued at $192,958,000 after buying an additional 16,422 shares during the period. Baird Financial Group Inc. increased its holdings in Eaton by 8.8% in the 2nd quarter. Baird Financial Group Inc. now owns 370,531 shares of the industrial products company’s stock valued at $132,276,000 after buying an additional 29,900 shares during the period. SG Americas Securities LLC raised its position in shares of Eaton by 438.9% in the 4th quarter. SG Americas Securities LLC now owns 364,877 shares of the industrial products company’s stock valued at $116,217,000 after buying an additional 297,166 shares in the last quarter. Finally, Whittier Trust Co. lifted its holdings in shares of Eaton by 6.2% during the 2nd quarter. Whittier Trust Co. now owns 272,608 shares of the industrial products company’s stock worth $97,315,000 after acquiring an additional 15,971 shares during the period. 82.97% of the stock is owned by institutional investors and hedge funds.

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About Eaton

(Get Free Report)

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.

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