Zacks Research Comments on Eaton’s Q4 Earnings (NYSE:ETN)

Eaton Co. plc (NYSE:ETN) – Investment analysts at Zacks Research lifted their Q4 2024 earnings per share estimates for Eaton in a research note issued to investors on Wednesday, December 4th. Zacks Research analyst J. Saha now anticipates that the industrial products company will earn $2.81 per share for the quarter, up from their previous forecast of $2.79. The consensus estimate for Eaton’s current full-year earnings is $10.80 per share. Zacks Research also issued estimates for Eaton’s Q1 2025 earnings at $2.73 EPS, Q2 2025 earnings at $3.06 EPS, Q3 2025 earnings at $3.15 EPS, Q4 2025 earnings at $3.11 EPS, FY2025 earnings at $12.05 EPS, Q2 2026 earnings at $3.40 EPS, Q3 2026 earnings at $3.48 EPS and FY2026 earnings at $13.54 EPS.

ETN has been the subject of several other research reports. Royal Bank of Canada reiterated an “outperform” rating and issued a $374.00 price objective on shares of Eaton in a research report on Friday, November 1st. Jefferies Financial Group upped their price target on Eaton from $400.00 to $440.00 and gave the stock a “buy” rating in a research note on Friday, December 6th. Evercore ISI cut Eaton from an “outperform” rating to an “inline” rating and increased their target price for the stock from $333.00 to $389.00 in a research note on Wednesday, November 13th. Raymond James cut their target price on Eaton from $375.00 to $365.00 and set an “outperform” rating on the stock in a research note on Monday, September 9th. Finally, Wolfe Research raised Eaton from an “underperform” rating to a “peer perform” rating in a research note on Friday, September 6th. Four research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. According to data from MarketBeat, Eaton currently has a consensus rating of “Moderate Buy” and an average target price of $367.83.

Eaton Stock Performance

Shares of ETN stock opened at $358.55 on Monday. The company has a debt-to-equity ratio of 0.45, a quick ratio of 1.00 and a current ratio of 1.53. Eaton has a fifty-two week low of $231.84 and a fifty-two week high of $379.99. The stock has a 50 day moving average price of $353.40 and a two-hundred day moving average price of $325.99. The company has a market capitalization of $141.70 billion, a P/E ratio of 38.14, a PEG ratio of 2.81 and a beta of 1.03.

Eaton (NYSE:ETN) last issued its earnings results on Thursday, October 31st. The industrial products company reported $2.84 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.80 by $0.04. The business had revenue of $6.35 billion during the quarter, compared to analyst estimates of $6.37 billion. Eaton had a return on equity of 21.97% and a net margin of 15.32%. Eaton’s revenue for the quarter was up 7.9% on a year-over-year basis. During the same quarter in the prior year, the firm earned $2.47 earnings per share.

Eaton Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, November 22nd. Shareholders of record on Monday, November 4th were issued a $0.94 dividend. This represents a $3.76 dividend on an annualized basis and a yield of 1.05%. The ex-dividend date was Monday, November 4th. Eaton’s dividend payout ratio is 40.00%.

Insider Buying and Selling at Eaton

In other news, insider Craig Arnold sold 61,569 shares of the firm’s stock in a transaction dated Wednesday, November 6th. The stock was sold at an average price of $360.97, for a total value of $22,224,561.93. Following the transaction, the insider now owns 506,360 shares of the company’s stock, valued at $182,780,769.20. This trade represents a 10.84 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Ernest W. Marshall, Jr. sold 1,412 shares of the firm’s stock in a transaction dated Monday, November 25th. The stock was sold at an average price of $378.58, for a total value of $534,554.96. Following the completion of the transaction, the insider now directly owns 31,200 shares in the company, valued at $11,811,696. This trade represents a 4.33 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 66,981 shares of company stock valued at $24,100,317. 0.53% of the stock is owned by company insiders.

Institutional Trading of Eaton

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Logan Capital Management Inc. raised its stake in Eaton by 76.8% during the 3rd quarter. Logan Capital Management Inc. now owns 24,771 shares of the industrial products company’s stock valued at $8,210,000 after purchasing an additional 10,764 shares during the period. Oddo BHF Asset Management Sas bought a new stake in Eaton during the 3rd quarter valued at approximately $8,406,000. Franklin Resources Inc. raised its stake in Eaton by 15.1% during the 3rd quarter. Franklin Resources Inc. now owns 2,421,626 shares of the industrial products company’s stock valued at $836,938,000 after purchasing an additional 316,830 shares during the period. Peapack Gladstone Financial Corp raised its stake in Eaton by 0.5% during the 3rd quarter. Peapack Gladstone Financial Corp now owns 15,621 shares of the industrial products company’s stock valued at $5,177,000 after purchasing an additional 71 shares during the period. Finally, Synovus Financial Corp raised its stake in Eaton by 3.2% during the 3rd quarter. Synovus Financial Corp now owns 42,032 shares of the industrial products company’s stock valued at $13,931,000 after purchasing an additional 1,309 shares during the period. Institutional investors own 82.97% of the company’s stock.

Eaton Company Profile

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.