Brokers Offer Predictions for Eaton’s Q4 Earnings (NYSE:ETN)

Eaton Co. plc (NYSE:ETN) – Analysts at Zacks Research lowered their Q4 2024 EPS estimates for shares of Eaton in a report released on Wednesday, November 13th. Zacks Research analyst J. Saha now expects that the industrial products company will earn $2.79 per share for the quarter, down from their previous estimate of $2.80. The consensus estimate for Eaton’s current full-year earnings is $10.79 per share. Zacks Research also issued estimates for Eaton’s Q1 2025 earnings at $2.70 EPS, FY2025 earnings at $11.98 EPS, Q3 2026 earnings at $3.47 EPS and FY2026 earnings at $13.47 EPS.

ETN has been the subject of a number of other reports. Royal Bank of Canada reaffirmed an “outperform” rating and set a $374.00 target price on shares of Eaton in a research report on Friday, November 1st. Wells Fargo & Company boosted their price target on Eaton from $315.00 to $342.00 and gave the stock an “equal weight” rating in a research note on Monday, October 7th. Sanford C. Bernstein assumed coverage on Eaton in a report on Tuesday, November 5th. They issued an “outperform” rating and a $382.00 price objective on the stock. Wolfe Research upgraded Eaton from an “underperform” rating to a “peer perform” rating in a research note on Friday, September 6th. Finally, Citigroup initiated coverage on shares of Eaton in a research report on Monday, September 16th. They issued a “buy” rating and a $348.00 price objective for the company. Four equities research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $357.83.

Eaton Trading Down 0.3 %

Shares of ETN opened at $357.83 on Monday. The company has a 50-day moving average of $337.19 and a 200 day moving average of $321.74. The company has a debt-to-equity ratio of 0.45, a current ratio of 1.53 and a quick ratio of 1.00. Eaton has a 1-year low of $224.52 and a 1-year high of $373.49. The firm has a market capitalization of $141.41 billion, a price-to-earnings ratio of 38.07, a PEG ratio of 2.85 and a beta of 1.01.

Eaton (NYSE:ETN) last released its quarterly earnings results on Thursday, October 31st. The industrial products company reported $2.84 EPS for the quarter, topping analysts’ consensus estimates of $2.80 by $0.04. Eaton had a net margin of 15.32% and a return on equity of 21.97%. The firm had revenue of $6.35 billion during the quarter, compared to analysts’ expectations of $6.37 billion. During the same period in the previous year, the company earned $2.47 EPS. The firm’s revenue for the quarter was up 7.9% compared to the same quarter last year.

Institutional Trading of Eaton

A number of institutional investors have recently bought and sold shares of the business. Breakwater Investment Management raised its position in Eaton by 1,560.0% in the 2nd quarter. Breakwater Investment Management now owns 83 shares of the industrial products company’s stock valued at $26,000 after purchasing an additional 78 shares during the last quarter. Proffitt & Goodson Inc. purchased a new stake in Eaton in the 2nd quarter worth approximately $29,000. Morse Asset Management Inc acquired a new stake in Eaton in the 3rd quarter worth about $33,000. LGT Financial Advisors LLC acquired a new position in shares of Eaton in the 2nd quarter valued at $33,000. Finally, West Financial Advisors LLC purchased a new position in shares of Eaton in the 3rd quarter worth about $35,000. 82.97% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other news, Director Karenann K. Terrell bought 500 shares of the company’s stock in a transaction on Wednesday, August 21st. The stock was bought at an average cost of $298.97 per share, with a total value of $149,485.00. Following the transaction, the director now directly owns 500 shares in the company, valued at $149,485. The trade was a ? increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Michael Yelton sold 3,136 shares of the firm’s stock in a transaction that occurred on Thursday, August 29th. The shares were sold at an average price of $303.12, for a total transaction of $950,584.32. Following the completion of the transaction, the insider now directly owns 3,914 shares of the company’s stock, valued at $1,186,411.68. This represents a 44.48 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 68,705 shares of company stock valued at $24,516,346 in the last quarter. Insiders own 0.53% of the company’s stock.

Eaton Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, November 22nd. Stockholders of record on Monday, November 4th will be given a dividend of $0.94 per share. This represents a $3.76 annualized dividend and a dividend yield of 1.05%. The ex-dividend date is Monday, November 4th. Eaton’s payout ratio is presently 40.00%.

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.