Eaton (NYSE:ETN) Director Buys $38,433.00 in Stock

Eaton Corporation, PLC (NYSE:ETN) Director Gerald Johnson purchased 100 shares of Eaton stock in a transaction on Friday, October 31st. The shares were acquired at an average price of $384.33 per share, with a total value of $38,433.00. Following the transaction, the director directly owned 200 shares in the company, valued at $76,866. This trade represents a 100.00% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Eaton Stock Performance

ETN stock traded down $8.59 during trading on Tuesday, reaching $377.98. 7,548,727 shares of the company’s stock were exchanged, compared to its average volume of 2,828,911. The firm has a market cap of $147.15 billion, a PE ratio of 38.03, a P/E/G ratio of 2.77 and a beta of 1.18. The company’s fifty day moving average price is $368.79 and its 200-day moving average price is $349.78. Eaton Corporation, PLC has a 1-year low of $231.85 and a 1-year high of $399.56. The company has a quick ratio of 0.76, a current ratio of 1.24 and a debt-to-equity ratio of 0.47.

Eaton (NYSE:ETN) last posted its quarterly earnings data on Tuesday, November 4th. The industrial products company reported $3.07 earnings per share for the quarter, topping the consensus estimate of $3.06 by $0.01. The business had revenue of $6.99 billion during the quarter, compared to the consensus estimate of $7.09 billion. Eaton had a net margin of 15.11% and a return on equity of 23.91%. Eaton has set its Q4 2025 guidance at 3.230-3.430 EPS. FY 2025 guidance at 11.970-12.170 EPS. On average, research analysts expect that Eaton Corporation, PLC will post 12.02 EPS for the current fiscal year.

Eaton Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, November 21st. Shareholders of record on Thursday, November 6th will be given a $1.04 dividend. This represents a $4.16 dividend on an annualized basis and a yield of 1.1%. The ex-dividend date is Thursday, November 6th. Eaton’s dividend payout ratio is 41.85%.

Wall Street Analysts Forecast Growth

ETN has been the subject of a number of research analyst reports. Melius Research upgraded Eaton from a “hold” rating to a “buy” rating and upped their target price for the stock from $412.00 to $495.00 in a research report on Monday, September 15th. Daiwa America upgraded Eaton to a “strong-buy” rating in a report on Thursday, September 11th. Morgan Stanley upped their price objective on Eaton from $375.00 to $425.00 and gave the company an “overweight” rating in a report on Wednesday, August 6th. Weiss Ratings reissued a “buy (b-)” rating on shares of Eaton in a report on Wednesday, October 8th. Finally, Sanford C. Bernstein reissued an “outperform” rating and issued a $396.00 price target on shares of Eaton in a report on Monday, July 14th. One research analyst has rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating and six have assigned a Hold rating to the stock. According to MarketBeat, Eaton currently has a consensus rating of “Moderate Buy” and an average price target of $398.45.

Institutional Investors Weigh In On Eaton

Several hedge funds have recently made changes to their positions in the company. Cornerstone Planning Group LLC lifted its position in shares of Eaton by 9.3% in the 3rd quarter. Cornerstone Planning Group LLC now owns 328 shares of the industrial products company’s stock valued at $126,000 after acquiring an additional 28 shares in the last quarter. MTM Investment Management LLC lifted its holdings in shares of Eaton by 0.6% in the third quarter. MTM Investment Management LLC now owns 4,802 shares of the industrial products company’s stock valued at $1,797,000 after purchasing an additional 29 shares in the last quarter. Lyell Wealth Management LP lifted its holdings in shares of Eaton by 3.2% in the second quarter. Lyell Wealth Management LP now owns 975 shares of the industrial products company’s stock valued at $348,000 after purchasing an additional 30 shares in the last quarter. Commonwealth Financial Services LLC lifted its holdings in shares of Eaton by 2.9% in the first quarter. Commonwealth Financial Services LLC now owns 1,175 shares of the industrial products company’s stock valued at $319,000 after purchasing an additional 33 shares in the last quarter. Finally, E Fund Management Co. Ltd. lifted its stake in Eaton by 3.1% in the 1st quarter. E Fund Management Co. Ltd. now owns 1,091 shares of the industrial products company’s stock worth $297,000 after acquiring an additional 33 shares in the last quarter. Hedge funds and other institutional investors 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.