Eaton (NYSE:ETN) Trading 1.2% Higher Following Insider Buying Activity

Shares of Eaton Corporation, PLC (NYSE:ETN) rose 1.2% on Monday after an insider bought additional shares in the company. The company traded as high as $458.96 and last traded at $457.04. 1,532,162 shares changed hands during trading, a decline of 42% from the average daily volume of 2,650,771 shares. The stock had previously closed at $451.51.

Specifically, Director Gerald Johnson purchased 130 shares of Eaton stock in a transaction dated Thursday, August 13th. The shares were bought at an average cost of $455.90 per share, with a total value of $59,267.00. Following the completion of the transaction, the director directly owned 1,829 shares in the company, valued at $833,841.10. This trade represents a 7.65% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Gerald Johnson acquired 70 shares of the stock in a transaction that occurred on Wednesday, August 12th. The stock was purchased at an average price of $469.93 per share, with a total value of $32,895.10. Following the transaction, the director owned 1,699 shares in the company, valued at $798,411.07. This represents a 4.30% increase in their ownership of the stock. The SEC filing for this purchase provides additional information.

Analyst Upgrades and Downgrades

ETN has been the topic of several recent analyst reports. Wall Street Zen lowered Eaton from a “buy” rating to a “hold” rating in a report on Sunday. Sanford C. Bernstein reaffirmed an “outperform” rating on shares of Eaton in a research report on Monday, August 3rd. Royal Bank Of Canada lifted their price objective on Eaton from $484.00 to $512.00 and gave the company an “outperform” rating in a report on Monday, August 3rd. Morgan Stanley reiterated an “overweight” rating and issued a $500.00 price objective on shares of Eaton in a research report on Sunday, May 10th. Finally, Evercore raised Eaton from an “in-line” rating to an “outperform” rating and set a $502.00 target price for the company in a research note on Monday, August 3rd. Two research analysts have rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and five have issued a Hold rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $431.78.

Eaton Stock Up 1.2%

The company has a debt-to-equity ratio of 0.91, a current ratio of 1.24 and a quick ratio of 0.79. The company has a market capitalization of $177.51 billion, a price-to-earnings ratio of 46.49, a PEG ratio of 2.86 and a beta of 1.18. The firm has a 50-day moving average price of $413.64 and a two-hundred day moving average price of $393.57.

Eaton (NYSE:ETN) last announced its earnings results on Friday, July 31st. The industrial products company reported $3.15 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.08 by $0.07. The business had revenue of $8.53 billion for the quarter, compared to analyst estimates of $8.16 billion. Eaton had a return on equity of 24.58% and a net margin of 12.75%.Eaton’s revenue for the quarter was up 21.4% compared to the same quarter last year. During the same quarter last year, the firm earned $2.95 EPS. Eaton has set its Q3 2026 guidance at 3.460-3.560 EPS and its FY 2026 guidance at 13.400-13.600 EPS. As a group, sell-side analysts anticipate that Eaton Corporation, PLC will post 13.54 earnings per share for the current fiscal year.

Eaton Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, August 28th. Investors of record on Friday, August 7th will be given a $1.10 dividend. The ex-dividend date of this dividend is Friday, August 7th. This represents a $4.40 dividend on an annualized basis and a yield of 1.0%. Eaton’s dividend payout ratio (DPR) is 44.76%.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the stock. Hilton Head Capital Partners LLC acquired a new stake in shares of Eaton in the 4th quarter valued at approximately $26,000. Manning & Napier Advisors LLC bought a new stake in Eaton during the second quarter worth $27,000. Sfam LLC bought a new stake in Eaton during the fourth quarter worth $27,000. Gunpowder Capital Management LLC dba Oliver Wealth Management acquired a new stake in Eaton in the fourth quarter valued at $28,000. Finally, Boreal Capital Management LLC bought a new position in shares of Eaton in the 1st quarter valued at about $33,000. 82.97% of the stock is owned by institutional investors and hedge funds.

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.