Eaton (NYSE:ETN) Downgraded to Hold Rating by Wall Street Zen

Wall Street Zen cut shares of Eaton (NYSE:ETN) from a buy rating to a hold rating in a research report released on Saturday.

ETN has been the topic of several other reports. Evercore ISI boosted their target price on shares of Eaton from $326.00 to $349.00 and gave the stock an “in-line” rating in a research report on Monday, May 19th. Wells Fargo & Company boosted their target price on shares of Eaton from $310.00 to $360.00 and gave the stock an “equal weight” rating in a research report on Tuesday, July 1st. Rothschild & Co Redburn started coverage on shares of Eaton in a research report on Wednesday, August 20th. They set a “neutral” rating and a $336.00 target price on the stock. KeyCorp lifted their price target on Eaton from $355.00 to $410.00 and gave the stock an “overweight” rating in a research note on Tuesday, July 15th. Finally, Barclays lifted their price target on Eaton from $340.00 to $344.00 and gave the stock an “equal weight” rating in a research note on Wednesday, August 6th. One analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating and eight have given a Hold rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $379.59.

Eaton Price Performance

Shares of NYSE ETN opened at $366.31 on Friday. The firm has a market capitalization of $142.60 billion, a P/E ratio of 36.85, a PEG ratio of 2.57 and a beta of 1.16. Eaton has a one year low of $231.85 and a one year high of $399.56. The company’s fifty day moving average is $362.13 and its two-hundred day moving average is $324.39. The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.76 and a current ratio of 1.24.

Eaton (NYSE:ETN) last issued its earnings results on Tuesday, August 5th. The industrial products company reported $2.95 EPS for the quarter, topping the consensus estimate of $2.92 by $0.03. The company had revenue of $7.03 billion for the quarter, compared to analyst estimates of $6.93 billion. Eaton had a net margin of 15.11% and a return on equity of 23.91%. The business’s revenue was up 10.7% on a year-over-year basis. During the same period in the previous year, the firm earned $2.73 EPS. Eaton has set its Q3 2025 guidance at 3.010-3.070 EPS. FY 2025 guidance at 11.970-12.170 EPS. Analysts forecast that Eaton will post 12.02 EPS for the current fiscal year.

Eaton Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, August 22nd. Investors of record on Thursday, August 7th were paid a $1.04 dividend. The ex-dividend date of this dividend was Thursday, August 7th. This represents a $4.16 annualized dividend and a yield of 1.1%. Eaton’s payout ratio is presently 41.85%.

Insiders Place Their Bets

In related news, insider Olivier Leonetti sold 16,018 shares of the business’s stock in a transaction dated Thursday, August 7th. The shares were sold at an average price of $358.39, for a total value of $5,740,691.02. Following the completion of the transaction, the insider owned 630 shares of the company’s stock, valued at approximately $225,785.70. The trade was a 96.22% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders own 0.30% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in ETN. Nuveen LLC acquired a new position in Eaton in the 1st quarter valued at about $1,472,231,000. GAMMA Investing LLC grew its holdings in shares of Eaton by 27,281.9% during the 1st quarter. GAMMA Investing LLC now owns 3,593,321 shares of the industrial products company’s stock worth $976,772,000 after purchasing an additional 3,580,198 shares during the period. Ameriprise Financial Inc. grew its holdings in shares of Eaton by 85.4% during the 1st quarter. Ameriprise Financial Inc. now owns 3,629,464 shares of the industrial products company’s stock worth $986,966,000 after purchasing an additional 1,672,175 shares during the period. Fayez Sarofim & Co boosted its holdings in Eaton by 606.3% in the 1st quarter. Fayez Sarofim & Co now owns 1,025,903 shares of the industrial products company’s stock worth $282,262,000 after acquiring an additional 880,656 shares during the period. Finally, Invesco Ltd. boosted its holdings in Eaton by 15.8% in the 1st quarter. Invesco Ltd. now owns 3,913,209 shares of the industrial products company’s stock worth $1,063,727,000 after acquiring an additional 533,774 shares during the period. Institutional investors and hedge funds own 82.97% of the company’s stock.

Eaton Company Profile

Eaton Corporation plc operates as a power management company worldwide. The company’s Electrical Americas and Electrical Global segment provides electrical components, industrial components, power distribution and assemblies, residential products, single and three phase power quality and connectivity products, wiring devices, circuit protection products, utility power distribution products, power reliability equipment, and services, as well as hazardous duty electrical equipment, emergency lighting, fire detection, explosion-proof instrumentation, and structural support systems.