Gerald Johnson Purchases 746 Shares of Eaton (NYSE:ETN) Stock

Eaton Corporation, PLC (NYSE:ETN) Director Gerald Johnson bought 746 shares of the company’s stock in a transaction that occurred on Friday, May 8th. The shares were bought at an average price of $402.29 per share, with a total value of $300,108.34. Following the transaction, the director owned 1,414 shares of the company’s stock, valued at $568,838.06. The trade was a 111.68% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.

Gerald Johnson also recently made the following trade(s):

• On Monday, May 11th, Gerald Johnson bought 215 shares of Eaton stock. The shares were bought at an average price of $419.02 per share, with a total value of $90,089.30.

Eaton Price Performance

Shares of NYSE:ETN opened at $407.26 on Thursday. The company has a debt-to-equity ratio of 0.94, a quick ratio of 0.75 and a current ratio of 1.19. The firm has a fifty day moving average price of $382.82 and a 200 day moving average price of $361.77. Eaton Corporation, PLC has a fifty-two week low of $311.90 and a fifty-two week high of $435.43. The firm has a market cap of $158.14 billion, a price-to-earnings ratio of 39.81, a P/E/G ratio of 2.58 and a beta of 1.24.

Eaton (NYSE:ETN) last released its quarterly earnings results on Tuesday, May 5th. The industrial products company reported $2.81 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.73 by $0.08. The company 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%. Eaton’s revenue was up 16.8% on a year-over-year basis. During the same quarter in the prior year, the firm earned $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. As a group, sell-side analysts expect that Eaton Corporation, PLC will post 13.32 earnings per share for the current fiscal year.

Eaton Announces Dividend

The company also recently announced 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. The ex-dividend date of this dividend is Friday, May 8th. This represents a $4.40 annualized dividend and a dividend yield of 1.1%. Eaton’s dividend payout ratio is currently 43.01%.

Hedge Funds Weigh In On Eaton

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Cornerstone Planning Group LLC raised its position in Eaton by 9.3% during the 3rd quarter. Cornerstone Planning Group LLC now owns 328 shares of the industrial products company’s stock worth $126,000 after buying an additional 28 shares during the last quarter. North Star Investment Management Corp. raised its position in Eaton by 0.3% during the 1st quarter. North Star Investment Management Corp. now owns 8,101 shares of the industrial products company’s stock worth $2,897,000 after buying an additional 28 shares during the last quarter. MTM Investment Management LLC raised its position in Eaton by 0.6% during the 3rd quarter. MTM Investment Management LLC now owns 4,802 shares of the industrial products company’s stock worth $1,797,000 after buying an additional 29 shares during the last quarter. Bogart Wealth LLC raised its position in Eaton by 1.3% during the 1st quarter. Bogart Wealth LLC now owns 2,184 shares of the industrial products company’s stock worth $781,000 after buying an additional 29 shares during the last quarter. Finally, Pring Turner Capital Group Inc. raised its position in Eaton by 0.3% during the 4th quarter. Pring Turner Capital Group Inc. now owns 10,528 shares of the industrial products company’s stock worth $3,353,000 after buying an additional 30 shares during the last quarter. 82.97% of the stock is owned by hedge funds and other institutional investors.

Eaton News Roundup

Here are the key news stories impacting Eaton this week:

• Positive Sentiment: Eaton is expanding U.S. switchgear production with a new $30+ million manufacturing facility near Omaha, a sign that it expects strong demand from AI data center and grid modernization projects. Why Eaton (ETN) Is Expanding Switchgear Capacity for the AI Data Center Buildout
• Positive Sentiment: Management said Electrical Americas data center orders jumped about 240% in the first quarter and data center revenue rose about 50%, reinforcing the company’s AI-infrastructure growth story. Why Eaton (ETN) Is Benefiting From AI’s Rising Power Infrastructure Needs
• Positive Sentiment: KeyBanc raised its price target on Eaton to $480 from $420 and kept a Buy rating, signaling continued analyst confidence after the latest results. KeyBanc Raises PT on Eaton Corporation (ETN), Keeps a Buy Rating
• Positive Sentiment: Director Gerald Johnson bought additional Eaton shares in two recent transactions, which can be read as a vote of confidence from inside the company. Eaton (NYSE:ETN) Director Gerald Johnson Purchases 215 Shares
• Neutral Sentiment: A separate bullish write-up argues Eaton still looks attractive after raising 2026 guidance and benefiting from AI data center demand, but this is more of a valuation/market sentiment piece than a new fundamental catalyst. Is Eaton Corporation plc (ETN) A Good Stock To Buy Now?

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on the stock. Morgan Stanley reissued an “overweight” rating and issued a $500.00 target price on shares of Eaton in a research note on Sunday. Royal Bank Of Canada raised their price target on shares of Eaton from $457.00 to $484.00 and gave the stock an “outperform” rating in a research note on Wednesday, May 6th. Citigroup raised their price target on shares of Eaton from $464.00 to $471.00 and gave the stock a “buy” rating in a research note on Wednesday, May 6th. Sanford C. Bernstein reaffirmed an “outperform” rating on shares of Eaton in a research note on Tuesday, January 27th. Finally, JPMorgan Chase & Co. raised their price target on shares of Eaton from $406.00 to $445.00 and gave the stock an “overweight” 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 assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $420.95.

About Eaton

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.