Eaton (NYSE:ETN) Insider Sells $200,494.84 in Stock

Eaton Corporation, PLC (NYSE:ETN) insider Antonio Galvao sold 494 shares of the company’s stock in a transaction that occurred on Wednesday, May 13th. The shares were sold at an average price of $405.86, for a total value of $200,494.84. Following the completion of the transaction, the insider directly owned 9,175 shares in the company, valued at $3,723,765.50. The trade was a 5.11% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

Eaton Stock Performance

Shares of Eaton stock traded up $0.95 on Thursday, hitting $407.89. The stock had a trading volume of 2,009,582 shares, compared to its average volume of 2,815,698. Eaton Corporation, PLC has a twelve month low of $311.90 and a twelve month high of $435.43. The business’s 50 day moving average is $382.82 and its two-hundred day moving average is $361.77. The company has a quick ratio of 0.75, a current ratio of 1.19 and a debt-to-equity ratio of 0.94. The stock has a market cap of $158.38 billion, a price-to-earnings ratio of 39.87, a price-to-earnings-growth ratio of 2.58 and a beta of 1.24.

Eaton (NYSE:ETN) last posted its earnings results on Tuesday, May 5th. The industrial products company reported $2.81 EPS for the quarter, beating the consensus estimate of $2.73 by $0.08. Eaton had a return on equity of 24.72% and a net margin of 13.99%.The company had revenue of $7.45 billion for the quarter, compared to the consensus estimate of $7.14 billion. During the same quarter in the prior year, the business earned $2.72 earnings per share. The firm’s revenue for the quarter was up 16.8% on a year-over-year basis. 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 EPS for the current year.

Eaton Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, May 29th. Investors of record on Friday, May 8th will be paid a $1.10 dividend. This represents a $4.40 annualized dividend and a dividend yield of 1.1%. The ex-dividend date is Friday, May 8th. Eaton’s payout ratio is 43.01%.

Institutional Investors Weigh In On Eaton

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Hilton Head Capital Partners LLC bought a new stake in Eaton during the fourth quarter worth $26,000. Sfam LLC bought a new stake in Eaton during the fourth quarter worth $27,000. Gunpowder Capital Management LLC dba Oliver Wealth Management bought a new stake in Eaton during the fourth quarter worth $28,000. Eagle Bay Advisors LLC acquired a new position in shares of Eaton during the fourth quarter worth $29,000. Finally, WFA of San Diego LLC bought a new position in shares of Eaton in the 2nd quarter valued at $36,000. 82.97% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on the company. HSBC upgraded Eaton from a “hold” rating to a “buy” rating and set a $400.00 price target for the company in a research note on Friday, January 16th. Wells Fargo & Company boosted their price target on 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 upgraded Eaton from a “buy (b-)” rating to a “buy (b)” rating in a research note on Monday, May 4th. Jefferies Financial Group assumed coverage on Eaton in a research note on Monday, March 16th. They issued a “buy” rating and a $430.00 price target for the company. Finally, BMO Capital Markets initiated coverage on Eaton in a research note on Friday, March 27th. They issued an “outperform” rating and a $428.00 price target for the company. Two research analysts have rated the stock with a Strong Buy rating, fifteen have issued a Buy rating and five have issued a Hold rating to the stock. According to MarketBeat.com, Eaton 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.