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

Eaton Corporation, PLC (NYSE:ETN) has earned an average recommendation of “Moderate Buy” from the twenty-three analysts that are currently covering the company, MarketBeat Ratings reports. Seven investment analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and two have assigned a strong buy rating to the company. The average 12 month target price among brokers that have issued a report on the stock in the last year is $384.30.

ETN has been the subject of several analyst reports. UBS Group restated a “neutral” rating and set a $360.00 target price (down previously from $440.00) on shares of Eaton in a research report on Sunday, January 4th. Wells Fargo & Company dropped their price objective on Eaton from $395.00 to $340.00 and set an “equal weight” rating for the company in a research note on Thursday, December 18th. Sanford C. Bernstein set a $295.00 target price on shares of Eaton in a research note on Friday, December 19th. Citigroup lowered their target price on shares of Eaton from $442.00 to $435.00 and set a “buy” rating on the stock in a report on Monday, January 12th. Finally, Hsbc Global Res raised shares of Eaton from a “hold” rating to a “strong-buy” rating in a report on Friday, January 16th.

Eaton Price Performance

Shares of Eaton stock opened at $333.78 on Friday. The firm has a market cap of $129.64 billion, a P/E ratio of 33.38, a price-to-earnings-growth ratio of 2.22 and a beta of 1.20. The firm’s 50-day simple moving average is $332.43 and its 200-day simple moving average is $355.55. Eaton has a twelve month low of $231.85 and a twelve month high of $399.56. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.79 and a current ratio of 1.28.

Eaton (NYSE:ETN) last announced 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 firm had revenue of $6.99 billion during the quarter, compared to analysts’ expectations of $7.09 billion. Eaton had a net margin of 14.74% and a return on equity of 24.36%. Eaton has set its Q4 2025 guidance at 3.230-3.430 EPS and its FY 2025 guidance at 11.970-12.170 EPS. As a group, research analysts expect that Eaton will post 12.02 EPS for the current fiscal year.

Insider Activity

In other Eaton news, Director Gerald Johnson bought 200 shares of Eaton stock in a transaction dated Tuesday, November 18th. The shares were acquired at an average cost of $339.89 per share, with a total value of $67,978.00. Following the acquisition, the director directly owned 400 shares of the company’s stock, valued at $135,956. The trade was a 100.00% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Insiders have purchased a total of 500 shares of company stock valued at $174,389 in the last three months. Insiders own 0.30% of the company’s stock.

Hedge Funds Weigh In On Eaton

Institutional investors have recently bought and sold shares of the business. WFA of San Diego LLC bought a new stake in shares of Eaton during the second quarter worth $36,000. Imprint Wealth LLC bought a new position in shares of Eaton in the third quarter valued at about $39,000. Redmont Wealth Advisors LLC acquired a new position in Eaton during the 3rd quarter worth about $40,000. SOA Wealth Advisors LLC. grew its holdings in Eaton by 36.0% during the 2nd quarter. SOA Wealth Advisors LLC. now owns 136 shares of the industrial products company’s stock worth $49,000 after acquiring an additional 36 shares during the last quarter. Finally, Salomon & Ludwin LLC increased its position in Eaton by 142.3% in the 2nd quarter. Salomon & Ludwin LLC now owns 172 shares of the industrial products company’s stock valued at $62,000 after acquiring an additional 101 shares in the last quarter. Institutional investors own 82.97% of the company’s stock.

About Eaton

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.