Key Points
- Insider selling: Eaton insider Heath Monesmith sold 18,367 shares at an average price of $409.11, totaling about $7.5 million. After the transaction, he still held 49,822 shares, a 26.94% reduction in his position.
- Strong quarterly results: Eaton reported Q1 EPS of $2.81, beating estimates, and revenue of $7.45 billion, also above expectations. The company raised guidance for Q2 2026 and FY 2026, signaling continued confidence in growth.
- Mixed but generally positive outlook: Analysts remain constructive overall, with a consensus rating of Moderate Buy and a target price of $412. Eaton also announced a quarterly dividend of $1.10 per share, reflecting an annualized yield of about 1.1%.
Eaton Corporation, PLC (NYSE:ETN - Get Free Report) insider Peter Denk sold 2,000 shares of the business's stock in a transaction on Wednesday, May 6th. The stock was sold at an average price of $417.94, for a total value of $835,880.00. Following the completion of the sale, the insider directly owned 7,102 shares in the company, valued at $2,968,209.88. This trade represents a 21.97% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website.
Eaton Trading Up 0.5%
Eaton stock opened at $401.07 on Friday. The company has a current ratio of 1.19, a quick ratio of 0.81 and a debt-to-equity ratio of 0.94. The business's fifty day simple moving average is $380.26 and its two-hundred day simple moving average is $360.75. Eaton Corporation, PLC has a 12 month low of $306.77 and a 12 month high of $435.43. The company has a market capitalization of $155.73 billion, a price-to-earnings ratio of 39.21, a price-to-earnings-growth ratio of 2.57 and a beta of 1.24.
Eaton (NYSE:ETN - Get Free Report) last released its earnings results on Tuesday, May 5th. The industrial products company reported $2.81 EPS for the quarter, topping the consensus estimate of $2.73 by $0.08. Eaton had a return on equity of 24.72% and a net margin of 13.99%.The business had revenue of $7.45 billion for the quarter, compared to the consensus estimate of $7.14 billion. During the same period in the previous year, the company posted $2.72 earnings per share. The company's revenue for the quarter was up 16.8% compared to the same quarter last year. Eaton has set its Q2 2026 guidance at 3.000-3.100 EPS and its FY 2026 guidance at 13.050-13.500 EPS. As a group, equities analysts predict that Eaton Corporation, PLC will post 13.31 earnings per share for the current fiscal year.
Eaton Dividend Announcement
The firm also recently declared a quarterly dividend, which will be paid on Friday, May 29th. Stockholders of record on Friday, May 8th will be issued a dividend of $1.10 per share. This represents a $4.40 dividend on an annualized basis and a dividend yield of 1.1%. The ex-dividend date of this dividend is Friday, May 8th. Eaton's dividend payout ratio is presently 43.01%.
Institutional Inflows and Outflows
A number of institutional investors have recently bought and sold shares of the company. Burling Wealth Partners LLC lifted its holdings in Eaton by 18.9% in the first quarter. Burling Wealth Partners LLC now owns 13,428 shares of the industrial products company's stock valued at $4,803,000 after acquiring an additional 2,132 shares during the period. Wilkerson Advisory Group LLC lifted its holdings in Eaton by 1,570.0% in the first quarter. Wilkerson Advisory Group LLC now owns 501 shares of the industrial products company's stock valued at $179,000 after acquiring an additional 471 shares during the period. Parallel Advisors LLC lifted its holdings in Eaton by 5.3% in the first quarter. Parallel Advisors LLC now owns 9,156 shares of the industrial products company's stock valued at $3,275,000 after acquiring an additional 459 shares during the period. Palladiem LLC bought a new position in Eaton in the first quarter valued at about $57,000. Finally, Dorsey Wright & Associates bought a new position in Eaton in the first quarter valued at about $237,000. Institutional investors own 82.97% of the company's stock.
More Eaton News
Here are the key news stories impacting Eaton this week:
Wall Street Analyst Weigh In
A number of brokerages have recently issued reports on ETN. JPMorgan Chase & Co. upped their price target on Eaton from $406.00 to $445.00 and gave the company an "overweight" rating in a report on Wednesday. Morgan Stanley reaffirmed an "overweight" rating and set a $425.00 price target on shares of Eaton in a report on Wednesday, February 4th. Erste Group Bank began coverage on Eaton in a report on Tuesday. They set a "buy" rating on the stock. Sanford C. Bernstein reaffirmed an "outperform" rating on shares of Eaton in a report on Tuesday, January 27th. Finally, Jefferies Financial Group began coverage on Eaton in a report on Monday, March 16th. They set a "buy" rating and a $430.00 price target on the stock. Two equities research analysts have rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating and five have given a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $412.00.
Get Our Latest Stock Report on Eaton
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.
Further Reading
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