Eaton (NYSE:ETN) Trading Down 1.4% – Here’s Why

Eaton Corporation, PLC (NYSE:ETN) shares fell 1.4% during trading on Thursday . The stock traded as low as $405.70 and last traded at $409.42. Approximately 1,514,460 shares were traded during trading, a decline of 41% from the average session volume of 2,565,070 shares. The stock had previously closed at $415.22.

Wall Street Analyst Weigh In

Several analysts recently issued reports on the stock. Morgan Stanley boosted their target price on shares of Eaton from $500.00 to $520.00 and gave the company an “overweight” rating in a research report on Friday, August 28th. Evercore raised Eaton from an “in-line” rating to an “outperform” rating and set a $502.00 price target on the stock in a report on Monday, August 3rd. Robert W. Baird set a $500.00 price target on shares of Eaton and gave the company an “outperform” rating in a report on Thursday, August 20th. Weiss Ratings raised Eaton from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Friday, August 28th. Finally, Wall Street Zen cut shares of Eaton from a “buy” rating to a “hold” rating in a research report on Sunday, August 16th. Three investment analysts have rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat.com, Eaton has a consensus rating of “Buy” and a consensus price target of $450.61.

Eaton Price Performance

The company has a market capitalization of $159.02 billion, a price-to-earnings ratio of 41.65, a P/E/G ratio of 2.67 and a beta of 1.17. 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 stock has a fifty day simple moving average of $415.47 and a 200-day simple moving average of $398.96.

Eaton (NYSE:ETN) last posted its quarterly earnings data on Friday, July 31st. The industrial products company reported $3.15 EPS for the quarter, beating the consensus estimate of $3.08 by $0.07. The firm had revenue of $8.53 billion during the quarter, compared to the consensus estimate of $8.16 billion. Eaton had a return on equity of 24.58% and a net margin of 12.75%.The firm’s revenue was up 21.4% compared to the same quarter last year. During the same period in the prior year, the company 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. On average, equities research analysts anticipate that Eaton Corporation, PLC will post 13.56 EPS for the current year.

Eaton Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, August 28th. Investors of record on Friday, August 7th were issued a $1.10 dividend. This represents a $4.40 annualized dividend and a dividend yield of 1.1%. The ex-dividend date was Friday, August 7th. Eaton’s payout ratio is currently 44.76%.

Insider Activity

In other Eaton news, Director Gerald Johnson acquired 130 shares of the company’s stock in a transaction dated Thursday, August 13th. The shares were acquired at an average price of $455.90 per share, for a total transaction of $59,267.00. Following the acquisition, the director owned 1,829 shares in the company, valued at $833,841.10. The trade was a 7.65% increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Heath B. Monesmith sold 18,036 shares of the company’s stock in a transaction that occurred on Tuesday, August 11th. The shares were sold at an average price of $458.04, for a total value of $8,261,209.44. Following the completion of the transaction, the insider directly owned 50,368 shares of the company’s stock, valued at $23,070,558.72. This trade represents a 26.37% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders own 0.10% of the company’s stock.

Hedge Funds Weigh In On Eaton

Several hedge funds have recently made changes to their positions in ETN. Brighton Jones LLC lifted its stake in Eaton by 1.4% in the fourth quarter. Brighton Jones LLC now owns 3,341 shares of the industrial products company’s stock valued at $1,109,000 after buying an additional 45 shares during the last quarter. Revolve Wealth Partners LLC raised its stake in Eaton by 17.5% during the 4th quarter. Revolve Wealth Partners LLC now owns 913 shares of the industrial products company’s stock valued at $303,000 after acquiring an additional 136 shares during the last quarter. Empowered Funds LLC raised its stake in shares of Eaton by 5.6% during the first quarter. Empowered Funds LLC now owns 9,402 shares of the industrial products company’s stock worth $2,556,000 after purchasing an additional 496 shares during the last quarter. Vista Capital Partners Inc. acquired a new stake in shares of Eaton during the second quarter worth $259,000. Finally, Tandem Wealth Advisors LLC grew its position in Eaton by 70.1% in the 2nd quarter. Tandem Wealth Advisors LLC now owns 2,216 shares of the industrial products company’s stock valued at $791,000 after buying an additional 913 shares during the last quarter. Hedge funds and other institutional investors own 82.97% of the company’s stock.

About Eaton

Eaton plc is a power management company that helps businesses, utilities, data centers, industrial facilities and other customers manage electrical, hydraulic and mechanical power more safely and efficiently. Its products and systems support power distribution, circuit protection, power quality, backup power, industrial automation and energy management.

The company also supplies aerospace systems, including hydraulic, fuel, motion-control and air-management equipment, as well as components and systems for commercial and military aircraft.