Key Points
- Eaton director Gerald Johnson bought 746 shares on May 8 for about $300,108, then added another 215 shares on May 11 for about $90,089, boosting his stake by more than 111%.
- Eaton reported strong quarterly results, with earnings of $2.81 per share topping estimates and revenue of $7.45 billion beating expectations; revenue rose 16.8% year over year.
- The company also announced a quarterly dividend of $1.10 per share payable May 29, while analysts currently rate the stock a Moderate Buy with a consensus price target of $420.95.
Eaton Corporation, PLC (NYSE:ETN - Get Free Report) Director Gerald Johnson bought 215 shares of the firm's stock in a transaction that occurred on Monday, May 11th. The shares were acquired at an average cost of $419.02 per share, for a total transaction of $90,089.30. Following the purchase, the director directly owned 1,629 shares in the company, valued at $682,583.58. This trade represents a 15.21% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.
Gerald Johnson also recently made the following trade(s):
- On Friday, May 8th, Gerald Johnson bought 746 shares of Eaton stock. The shares were bought at an average price of $402.29 per share, with a total value of $300,108.34.
Eaton Stock Down 4.2%
ETN opened at $401.61 on Wednesday. The company has a market capitalization of $155.95 billion, a PE ratio of 39.26, a price-to-earnings-growth ratio of 2.69 and a beta of 1.24. The firm has a 50-day simple moving average of $382.23 and a two-hundred day simple moving average of $361.53. The company has a quick ratio of 0.75, a current ratio of 1.19 and a debt-to-equity ratio of 0.94. Eaton Corporation, PLC has a 52 week low of $311.90 and a 52 week high of $435.43.
Eaton (NYSE:ETN - Get Free Report) last released its quarterly earnings data on Tuesday, May 5th. The industrial products company reported $2.81 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.73 by $0.08. The business had revenue of $7.45 billion for the quarter, compared to the consensus estimate of $7.14 billion. Eaton had a return on equity of 24.72% and a net margin of 13.99%.The company's revenue was up 16.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $2.72 EPS. Eaton has set its Q2 2026 guidance at 3.000-3.100 EPS and its FY 2026 guidance at 13.050-13.500 EPS. Analysts forecast that Eaton Corporation, PLC will post 13.32 earnings per share for the current fiscal year.
Eaton Announces Dividend
The firm also recently declared a quarterly dividend, which will be paid on Friday, May 29th. Investors of record on Friday, May 8th will be issued a $1.10 dividend. The ex-dividend date of this dividend is Friday, May 8th. This represents a $4.40 dividend on an annualized basis and a dividend yield of 1.1%. Eaton's dividend payout ratio (DPR) is presently 43.01%.
Analysts Set New Price Targets
ETN has been the topic of several recent research reports. BMO Capital Markets started coverage on Eaton in a report on Friday, March 27th. They set an "outperform" rating and a $428.00 price target on the stock. Weiss Ratings raised shares of Eaton from a "buy (b-)" rating to a "buy (b)" rating in a research note on Monday, May 4th. Evercore set a $453.00 price target on shares of Eaton in a research note on Monday. Morgan Stanley reiterated an "overweight" rating and set a $500.00 price target on shares of Eaton in a report on Sunday. Finally, Barclays increased their price objective on shares of Eaton from $340.00 to $392.00 and gave the stock an "equal weight" rating in a research report on Wednesday, May 6th. Two analysts have rated the stock with a Strong Buy rating, fifteen have given a Buy rating and five have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $420.95.
Get Our Latest Stock Report on Eaton
Institutional Investors Weigh In On Eaton
A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. PFA Pension Forsikringsaktieselskab purchased a new stake in Eaton in the 4th quarter valued at about $97,989,000. SG Americas Securities LLC boosted its holdings in shares of Eaton by 438.9% in the fourth quarter. SG Americas Securities LLC now owns 364,877 shares of the industrial products company's stock valued at $116,217,000 after purchasing an additional 297,166 shares during the period. Clal Insurance Enterprises Holdings Ltd boosted its holdings in shares of Eaton by 112.6% in the first quarter. Clal Insurance Enterprises Holdings Ltd now owns 336,060 shares of the industrial products company's stock valued at $120,199,000 after purchasing an additional 178,000 shares during the period. Munich Reinsurance Co Stock Corp in Munich increased its holdings in Eaton by 24,986.3% during the 1st quarter. Munich Reinsurance Co Stock Corp in Munich now owns 154,281 shares of the industrial products company's stock worth $55,182,000 after purchasing an additional 153,666 shares during the period. Finally, Silvercrest Asset Management Group LLC increased its holdings in Eaton by 23.1% during the 4th quarter. Silvercrest Asset Management Group LLC now owns 310,859 shares of the industrial products company's stock worth $99,012,000 after purchasing an additional 58,281 shares during the period. Institutional investors own 82.97% of the company's stock.
Eaton Company Profile
(
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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