Key Points
- Insider selling: Eaton insider Antonio Galvao sold 494 shares at an average price of $405.86, worth about $200,494.84, reducing his direct holdings by 5.11%.
- Strong quarterly results: Eaton beat expectations in its latest quarter, posting $2.81 EPS on $7.45 billion in revenue, with revenue up 16.8% year over year. The company also raised guidance for Q2 2026 and FY 2026.
- Dividend and analyst sentiment: Eaton declared a quarterly dividend of $1.10 per share, and Wall Street remains mostly positive with a consensus Moderate Buy rating and average price target of $420.95.
Eaton Corporation, PLC (NYSE:ETN - Get Free Report) insider Antonio Galvao sold 494 shares of Eaton stock in a transaction that occurred on Wednesday, May 13th. The stock was sold at an average price of $405.86, for a total transaction of $200,494.84. Following the completion of the transaction, the insider directly owned 9,175 shares in the company, valued at approximately $3,723,765.50. This trade represents a 5.11% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.
Eaton Stock Performance
Shares of ETN opened at $407.89 on Friday. The company's 50 day moving average price is $383.88 and its 200 day moving average price is $361.99. Eaton Corporation, PLC has a 52 week low of $311.90 and a 52 week high of $435.43. The company has a market capitalization of $158.38 billion, a PE ratio of 39.87, a PEG ratio of 2.62 and a beta of 1.24. The company has a debt-to-equity ratio of 0.94, a quick ratio of 0.75 and a current ratio of 1.19.
Eaton (NYSE:ETN - Get Free Report) last announced its quarterly earnings data on Tuesday, May 5th. The industrial products company reported $2.81 EPS for the quarter, beating analysts' consensus estimates of $2.73 by $0.08. The firm had revenue of $7.45 billion for the quarter, compared to the consensus estimate of $7.14 billion. Eaton had a net margin of 13.99% and a return on equity of 24.72%. The firm's revenue was up 16.8% on a year-over-year basis. During the same period in the previous year, the firm posted $2.72 earnings per share. Eaton has set its Q2 2026 guidance at 3.000-3.100 EPS and its FY 2026 guidance at 13.050-13.500 EPS. Research analysts expect that Eaton Corporation, PLC will post 13.32 EPS for the current fiscal year.
Eaton Dividend Announcement
The company also recently disclosed a quarterly dividend, which will be paid on Friday, May 29th. Stockholders of record on Friday, May 8th will be paid a $1.10 dividend. This represents a $4.40 dividend on an annualized basis and a dividend yield of 1.1%. The ex-dividend date is Friday, May 8th. Eaton's payout ratio is presently 43.01%.
Wall Street Analyst Weigh In
Several research firms recently commented on ETN. 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, January 16th. Wells Fargo & Company upped their target price on shares of Eaton from $350.00 to $425.00 and gave the company an "equal weight" rating in a research note on Wednesday, May 6th. BMO Capital Markets began coverage on shares of Eaton in a research note on Friday, March 27th. They set an "outperform" rating and a $428.00 target price for the company. Royal Bank Of Canada upped their target price on shares of Eaton from $457.00 to $484.00 and gave the company an "outperform" rating in a research note on Wednesday, May 6th. Finally, Citigroup upped their target price on shares of Eaton from $464.00 to $471.00 and gave the company a "buy" rating in a research note on Wednesday, May 6th. Two investment 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 company's stock. Based on data from MarketBeat.com, Eaton presently has a consensus rating of "Moderate Buy" and a consensus price target of $420.95.
Get Our Latest Analysis on Eaton
Institutional Trading of Eaton
Hedge funds have recently modified their holdings of the company. Hilton Head Capital Partners LLC acquired a new stake in shares of Eaton in the 4th quarter valued at approximately $26,000. Sfam LLC acquired a new stake in shares of Eaton in the 4th quarter valued at approximately $27,000. Gunpowder Capital Management LLC dba Oliver Wealth Management acquired a new stake in shares of Eaton in the 4th quarter valued at approximately $28,000. Eagle Bay Advisors LLC acquired a new stake in shares of Eaton in the 4th quarter valued at approximately $29,000. Finally, Boreal Capital Management LLC acquired a new stake in shares of Eaton in the 1st quarter valued at approximately $33,000. 82.97% of the stock is currently owned by institutional investors and hedge funds.
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.
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