Eaton Corporation, PLC (NYSE:ETN – Get Free Report) insider Heath Monesmith sold 18,367 shares of the company’s stock in a transaction on Wednesday, May 6th. The stock was sold at an average price of $409.11, for a total transaction of $7,514,123.37. Following the completion of the transaction, the insider directly owned 49,822 shares of the company’s stock, valued at $20,382,678.42. This represents a 26.94% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link.
Eaton Trading Up 0.5%
Shares of Eaton stock opened at $401.07 on Friday. The company has a market capitalization of $155.73 billion, a P/E ratio of 39.21, a P/E/G ratio of 2.57 and a beta of 1.24. The company has a debt-to-equity ratio of 0.94, a quick ratio of 0.81 and a current ratio of 1.19. The company has a fifty day moving average of $380.26 and a 200 day moving average of $360.75. Eaton Corporation, PLC has a fifty-two week low of $306.77 and a fifty-two week high of $435.43.
Eaton (NYSE:ETN – Get Free Report) last issued its earnings results on Tuesday, May 5th. The industrial products company reported $2.81 earnings per share for the quarter, topping the consensus estimate of $2.73 by $0.08. The company had revenue of $7.45 billion during 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 quarterly revenue was up 16.8% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $2.72 EPS. Eaton has set its Q2 2026 guidance at 3.000-3.100 EPS and its FY 2026 guidance at 13.050-13.500 EPS. On average, sell-side analysts anticipate that Eaton Corporation, PLC will post 13.31 earnings per share for the current fiscal year.
Eaton Dividend Announcement
Key Headlines Impacting Eaton
Here are the key news stories impacting Eaton this week:
- Positive Sentiment: Jim Cramer publicly called Eaton a stock to buy, highlighting it as a beneficiary of electricity demand tied to AI infrastructure and data centers, which can reinforce bullish investor sentiment. Jim Cramer on Eaton: “Just Go Buy That One”
- Positive Sentiment: Analyst commentary and related coverage remain constructive after Eaton’s strong first-quarter results and raised 2026 outlook, signaling confidence in the company’s long-term earnings power and demand trends. Analysts Offer Insights on Industrial Goods Companies: Eaton (ETN), Rockwell Automation (ROK) and Otter Tail (OTTR)
- Positive Sentiment: JPMorgan reportedly issued a positive forecast for Eaton, suggesting Wall Street expectations remain favorable. JPMorgan Chase & Co. Issues Positive Forecast for Eaton (NYSE:ETN) Stock Price
- Neutral Sentiment: Two insiders sold shares on May 6, including Heath B. Monesmith and Peter Denk. While insider selling can weigh on sentiment, these trades do not necessarily signal a change in the company’s fundamentals. Insider trade filing for Heath B. Monesmith Insider trade filing for Peter Denk
- Negative Sentiment: Coverage around Eaton’s latest results noted margin pressure and weaker earnings quality despite higher revenue and stronger AI-related demand, which may temper enthusiasm for the stock. Eaton (ETN) Is Down 7.8% After Raising 2026 Guidance Amid Margin Pressure and AI Bet
Institutional Investors Weigh In On Eaton
A number of hedge funds have recently made changes to their positions in the company. Cornerstone Planning Group LLC lifted its holdings 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 during the last quarter. North Star Investment Management Corp. lifted its holdings in shares of Eaton by 0.3% in the 1st quarter. North Star Investment Management Corp. now owns 8,101 shares of the industrial products company’s stock valued at $2,897,000 after acquiring an additional 28 shares during the last quarter. MTM Investment Management LLC lifted its holdings in shares of Eaton by 0.6% in the 3rd quarter. MTM Investment Management LLC now owns 4,802 shares of the industrial products company’s stock valued at $1,797,000 after acquiring an additional 29 shares during the last quarter. Bogart Wealth LLC lifted its holdings in shares of Eaton by 1.3% in the 1st quarter. Bogart Wealth LLC now owns 2,184 shares of the industrial products company’s stock valued at $781,000 after acquiring an additional 29 shares during the last quarter. Finally, Pring Turner Capital Group Inc. lifted its holdings in shares of Eaton by 0.3% in the 4th quarter. Pring Turner Capital Group Inc. now owns 10,528 shares of the industrial products company’s stock valued at $3,353,000 after acquiring an additional 30 shares during the last quarter. 82.97% of the stock is currently owned by hedge funds and other institutional investors.
Wall Street Analysts Forecast Growth
Several research analysts recently weighed in on ETN shares. Citigroup upped their target price on shares of Eaton from $464.00 to $471.00 and gave the stock a “buy” rating in a report on Wednesday. Weiss Ratings raised shares of Eaton from a “buy (b-)” rating to a “buy (b)” rating in a report on Monday. KeyCorp increased their price objective on shares of Eaton from $420.00 to $480.00 and gave the company an “overweight” rating in a report on Wednesday. Morgan Stanley reaffirmed an “overweight” rating and issued a $425.00 target price on shares of Eaton in a report on Wednesday, February 4th. Finally, Barclays boosted their target price on Eaton from $340.00 to $392.00 and gave the stock an “equal weight” rating in a research report on Wednesday. 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. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $412.00.
View Our Latest Stock Analysis on ETN
Eaton Company Profile
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.
Further Reading
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