Key Points
- Eaton insider Heath Monesmith sold 18,036 shares at an average price of $458.04, generating approximately $8.26 million and reducing his direct stake by 26.37%.
- Eaton recently exceeded quarterly earnings and revenue expectations, reporting $3.15 EPS on $8.53 billion in revenue, with revenue up 21.4% year over year.
- The company declared a quarterly dividend of $1.10 per share, representing an annualized payout of $4.40 and a 1.0% yield; analysts maintain a consensus “Moderate Buy” rating with a $431.78 price target.
Eaton Corporation, PLC (NYSE:ETN - Get Free Report) insider Heath Monesmith sold 18,036 shares of the firm's stock in a transaction dated Tuesday, August 11th. The stock was sold at an average price of $458.04, for a total value of $8,261,209.44. Following the transaction, the insider directly owned 50,368 shares in the company, valued at approximately $23,070,558.72. The trade was a 26.37% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link.
Eaton Stock Down 1.4%
Eaton stock opened at $453.71 on Friday. The company has a market capitalization of $176.22 billion, a P/E ratio of 46.16, a PEG ratio of 2.91 and a beta of 1.18. The company has a debt-to-equity ratio of 0.91, a quick ratio of 0.79 and a current ratio of 1.24. Eaton Corporation, PLC has a fifty-two week low of $311.92 and a fifty-two week high of $478.00. The stock has a 50-day simple moving average of $412.53 and a 200-day simple moving average of $392.72.
Eaton (NYSE:ETN - Get Free Report) last released its quarterly earnings results on Friday, July 31st. The industrial products company reported $3.15 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $3.08 by $0.07. The firm had revenue of $8.53 billion for the quarter, compared to the consensus estimate of $8.16 billion. Eaton had a return on equity of 24.58% and a net margin of 12.75%.The firm's quarterly revenue was up 21.4% compared to the same quarter last year. During the same quarter last year, the business posted $2.95 EPS. Eaton has set its Q3 2026 guidance at 3.460-3.560 EPS and its FY 2026 guidance at 13.400-13.600 EPS. Equities research analysts expect that Eaton Corporation, PLC will post 13.54 earnings per share for the current year.
Eaton Announces Dividend
The firm also recently announced a quarterly dividend, which will be paid on Friday, August 28th. Stockholders of record on Friday, August 7th will be given a dividend of $1.10 per share. The ex-dividend date is Friday, August 7th. This represents a $4.40 dividend on an annualized basis and a dividend yield of 1.0%. Eaton's dividend payout ratio (DPR) is 44.76%.
Institutional Investors Weigh In On Eaton
Hedge funds have recently modified their holdings of the stock. Williams Jones Wealth Management LLC. grew its position 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 last quarter. Clal Insurance Enterprises Holdings Ltd raised its position in Eaton by 112.6% during the 1st quarter. Clal Insurance Enterprises Holdings Ltd now owns 336,060 shares of the industrial products company's stock worth $120,199,000 after buying an additional 178,000 shares during the last quarter. Silvercrest Asset Management Group LLC lifted its stake in shares of Eaton by 23.1% in 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 acquiring an additional 58,281 shares during the period. PFA Pension Forsikringsaktieselskab purchased a new stake in shares of Eaton in the fourth quarter valued at about $97,989,000. Finally, Bartlett & CO. Wealth Management LLC boosted its holdings in shares of Eaton by 12.1% in the first quarter. Bartlett & CO. Wealth Management LLC now owns 266,845 shares of the industrial products company's stock valued at $95,442,000 after acquiring an additional 28,815 shares in the last quarter. 82.97% of the stock is owned by institutional investors and hedge funds.
Analysts Set New Price Targets
Several analysts recently commented on the stock. JPMorgan Chase & Co. upped their price target on shares of Eaton from $406.00 to $445.00 and gave the company an "overweight" rating in a research report on Wednesday, May 6th. Wells Fargo & Company lifted their price objective 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. Weiss Ratings cut shares of Eaton from a "buy (b)" rating to a "buy (b-)" rating in a report on Monday, May 18th. Morgan Stanley reiterated an "overweight" rating and set a $500.00 target price on shares of Eaton in a research note on Sunday, May 10th. Finally, Erste Group Bank began coverage on Eaton in a report on Tuesday, May 5th. They set a "buy" rating on the stock. Two equities research analysts have rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and four have issued a Hold rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $431.78.
View Our Latest Stock Analysis on ETN
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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