Royal Bank Of Canada Issues Positive Forecast for Eaton (NYSE:ETN) Stock Price

Eaton (NYSE:ETN) had its price target lifted by Royal Bank Of Canada from $425.00 to $432.00 in a research note published on Wednesday morning, Marketbeat.com reports. The brokerage currently has an outperform rating on the industrial products company’s stock.

Several other research firms also recently commented on ETN. Wells Fargo & Company upped their price target on shares of Eaton from $375.00 to $395.00 and gave the company an “equal weight” rating in a research note on Monday, October 6th. Rothschild Redb upgraded shares of Eaton to a “hold” rating in a research note on Wednesday, August 20th. KeyCorp upped their price target on shares of Eaton from $410.00 to $420.00 and gave the company an “overweight” rating in a research note on Tuesday, October 14th. Rothschild & Co Redburn assumed coverage on shares of Eaton in a research note on Wednesday, August 20th. They issued a “neutral” rating and a $336.00 price target on the stock. Finally, Mizuho upped their price target on shares of Eaton from $385.00 to $425.00 and gave the company an “outperform” rating in a research note on Friday, October 17th. One equities research analyst has rated the stock with a Strong Buy rating, eighteen have issued a Buy rating and six have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $402.73.

Eaton Price Performance

Shares of ETN opened at $385.54 on Wednesday. The firm has a market capitalization of $150.09 billion, a PE ratio of 38.79, a PEG ratio of 2.77 and a beta of 1.18. The company’s 50-day moving average is $369.47 and its 200-day moving average is $350.03. Eaton has a fifty-two week low of $231.85 and a fifty-two week high of $399.56. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.24 and a quick ratio of 0.76.

Eaton (NYSE:ETN) last issued its quarterly earnings data on Tuesday, November 4th. The industrial products company reported $3.07 earnings per share for the quarter, beating the consensus estimate of $3.06 by $0.01. The company had revenue of $6.99 billion for the quarter, compared to analyst estimates 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. Equities analysts forecast that Eaton will post 12.02 EPS for the current year.

Eaton Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, November 21st. Investors of record on Thursday, November 6th will be given a dividend of $1.04 per share. The ex-dividend date is Thursday, November 6th. This represents a $4.16 annualized dividend and a yield of 1.1%. Eaton’s dividend payout ratio (DPR) is currently 41.85%.

Insider Activity

In other news, Director Gerald Johnson purchased 100 shares of the company’s stock in a transaction dated Friday, October 31st. The shares were purchased at an average price of $384.33 per share, for a total transaction of $38,433.00. Following the transaction, the director owned 200 shares of the company’s stock, valued at approximately $76,866. This trade represents a 100.00% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Company insiders own 0.30% of the company’s stock.

Institutional Trading of Eaton

Several hedge funds have recently modified their holdings of ETN. Nuveen LLC bought a new stake in shares of Eaton in the 1st quarter valued at $1,472,231,000. Ameriprise Financial Inc. increased its stake in shares of Eaton by 85.4% in the 1st quarter. Ameriprise Financial Inc. now owns 3,629,464 shares of the industrial products company’s stock valued at $986,966,000 after acquiring an additional 1,672,175 shares in the last quarter. Fayez Sarofim & Co increased its stake in shares of Eaton by 606.3% in the 1st quarter. Fayez Sarofim & Co now owns 1,025,903 shares of the industrial products company’s stock valued at $282,262,000 after acquiring an additional 880,656 shares in the last quarter. Invesco Ltd. increased its stake in shares of Eaton by 15.8% in the 1st quarter. Invesco Ltd. now owns 3,913,209 shares of the industrial products company’s stock valued at $1,063,727,000 after acquiring an additional 533,774 shares in the last quarter. Finally, Deutsche Bank AG increased its stake in shares of Eaton by 31.5% in the 1st quarter. Deutsche Bank AG now owns 2,043,535 shares of the industrial products company’s stock valued at $555,494,000 after acquiring an additional 489,264 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.