Eaton (NYSE:ETN) Price Target Raised to $429.00

Eaton (NYSE:ETN) had its target price lifted by JPMorgan Chase & Co. from $380.00 to $429.00 in a report released on Wednesday morning,Benzinga reports. They currently have an overweight rating on the industrial products company’s stock.

Several other research firms also recently issued reports on ETN. Melius raised Eaton from a “hold” rating to a “buy” rating and set a $495.00 price objective on the stock in a report on Monday, September 15th. KeyCorp upped their price objective on Eaton from $410.00 to $420.00 and gave the stock an “overweight” rating in a report on Tuesday. Barclays upped their price objective on Eaton from $340.00 to $344.00 and gave the stock an “equal weight” rating in a report on Wednesday, August 6th. Daiwa America raised Eaton to a “strong-buy” rating in a report on Thursday, September 11th. Finally, The Goldman Sachs Group upped their price objective on Eaton from $345.00 to $382.00 and gave the stock a “buy” rating in a report on Tuesday, July 8th. One research analyst has rated the stock with a Strong Buy rating, eighteen have given a Buy rating and six have assigned a Hold rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $398.45.

Eaton Trading Down 0.5%

Shares of ETN opened at $373.60 on Wednesday. The stock has a fifty day moving average price of $362.63 and a two-hundred day moving average price of $339.01. The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.76 and a current ratio of 1.24. Eaton has a 52-week low of $231.85 and a 52-week high of $399.56. The company has a market cap of $145.44 billion, a price-to-earnings ratio of 37.59, a PEG ratio of 2.68 and a beta of 1.18.

Eaton (NYSE:ETN) last issued its quarterly earnings data on Tuesday, August 5th. The industrial products company reported $2.95 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.92 by $0.03. Eaton had a return on equity of 23.91% and a net margin of 15.11%.The firm had revenue of $7.03 billion during the quarter, compared to the consensus estimate of $6.93 billion. During the same quarter in the previous year, the company posted $2.73 EPS. The business’s revenue for the quarter was up 10.7% compared to the same quarter last year. Eaton has set its Q3 2025 guidance at 3.010-3.070 EPS. FY 2025 guidance at 11.970-12.170 EPS. Analysts predict that Eaton will post 12.02 EPS for the current fiscal year.

Eaton Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, August 22nd. Investors of record on Thursday, August 7th were given a $1.04 dividend. The ex-dividend date was Thursday, August 7th. This represents a $4.16 dividend on an annualized basis and a dividend yield of 1.1%. Eaton’s dividend payout ratio is currently 41.85%.

Insider Activity at Eaton

In related news, insider Olivier Leonetti sold 16,018 shares of the company’s stock in a transaction on Thursday, August 7th. The shares were sold at an average price of $358.39, for a total value of $5,740,691.02. Following the completion of the sale, the insider owned 630 shares in the company, valued at $225,785.70. This represents a 96.22% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 0.30% of the stock is currently owned by corporate insiders.

Institutional Trading of Eaton

A number of large investors have recently made changes to their positions in the company. Boston Trust Walden Corp increased its position in shares of Eaton by 1.4% in the 3rd quarter. Boston Trust Walden Corp now owns 3,571 shares of the industrial products company’s stock valued at $1,336,000 after buying an additional 50 shares in the last quarter. Burns Matteson Capital Management LLC increased its holdings in Eaton by 7.2% during the 3rd quarter. Burns Matteson Capital Management LLC now owns 2,217 shares of the industrial products company’s stock worth $830,000 after purchasing an additional 148 shares in the last quarter. Regent Peak Wealth Advisors LLC bought a new position in Eaton during the 3rd quarter worth about $618,000. Silverleafe Capital Partners LLC bought a new position in Eaton during the 3rd quarter worth about $231,000. Finally, Highline Wealth Partners LLC increased its holdings in Eaton by 1.1% during the 3rd quarter. Highline Wealth Partners LLC now owns 4,654 shares of the industrial products company’s stock worth $1,742,000 after purchasing an additional 52 shares in the last quarter. Institutional investors own 82.97% of the company’s stock.

About Eaton

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.