Eaton (NYSE:ETN) Insider Antonio Galvao Sells 494 Shares

Eaton Corporation, PLC (NYSE:ETN) insider Antonio Galvao sold 494 shares of the firm’s stock in a transaction on Wednesday, May 13th. The stock was sold at an average price of $405.86, for a total transaction of $200,494.84. Following the transaction, the insider directly owned 9,175 shares of the company’s stock, valued at approximately $3,723,765.50. This represents a 5.11% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Eaton Price Performance

Shares of ETN stock opened at $407.89 on Friday. The firm has a market cap of $158.38 billion, a P/E ratio of 39.87, a P/E/G ratio of 2.62 and a beta of 1.24. The company has a debt-to-equity ratio of 0.94, a current ratio of 1.19 and a quick ratio of 0.75. Eaton Corporation, PLC has a 1-year low of $311.90 and a 1-year high of $435.43. The firm has a fifty day moving average of $383.88 and a two-hundred day moving average of $361.99.

Eaton (NYSE:ETN) last announced its quarterly earnings data on Tuesday, May 5th. The industrial products company reported $2.81 earnings per share for the quarter, topping the consensus estimate of $2.73 by $0.08. The company had revenue of $7.45 billion during the quarter, compared to analyst estimates of $7.14 billion. Eaton had a net margin of 13.99% and a return on equity of 24.72%. The firm’s revenue for the quarter was up 16.8% compared to the same quarter last year. During the same period last year, the business earned $2.72 EPS. Eaton has set its Q2 2026 guidance at 3.000-3.100 EPS and its FY 2026 guidance at 13.050-13.500 EPS. As a group, research analysts anticipate that Eaton Corporation, PLC will post 13.32 earnings per share for the current fiscal year.

Eaton Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, May 29th. Shareholders of record on Friday, May 8th will be issued a dividend of $1.10 per share. This represents a $4.40 annualized dividend and a yield of 1.1%. The ex-dividend date of this dividend is Friday, May 8th. Eaton’s dividend payout ratio (DPR) is currently 43.01%.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on the stock. BMO Capital Markets assumed coverage on shares of Eaton in a research report on Friday, March 27th. They issued an “outperform” rating and a $428.00 price target on the stock. Barclays raised their price target on shares of Eaton from $340.00 to $392.00 and gave the stock an “equal weight” rating in a research report on Wednesday, May 6th. Jefferies Financial Group assumed coverage on shares of Eaton in a research report on Monday, March 16th. They issued a “buy” rating and a $430.00 price target on the stock. Evercore set a $453.00 price target on shares of Eaton in a research report on Monday. Finally, Weiss Ratings upgraded shares of Eaton from a “buy (b-)” rating to a “buy (b)” rating in a research report on Monday, May 4th. Two analysts have rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating and five have given a Hold rating to the stock. According to data from MarketBeat.com, Eaton currently has a consensus rating of “Moderate Buy” and a consensus target price of $420.95.

Institutional Trading of Eaton

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Cornerstone Planning Group LLC raised its holdings in shares of Eaton by 9.3% in the 3rd quarter. Cornerstone Planning Group LLC now owns 328 shares of the industrial products company’s stock worth $126,000 after purchasing an additional 28 shares in the last quarter. North Star Investment Management Corp. raised its holdings in shares of Eaton by 0.3% in the 1st quarter. North Star Investment Management Corp. now owns 8,101 shares of the industrial products company’s stock worth $2,897,000 after purchasing an additional 28 shares in the last quarter. MTM Investment Management LLC raised its holdings in shares of Eaton by 0.6% in the 3rd quarter. MTM Investment Management LLC now owns 4,802 shares of the industrial products company’s stock worth $1,797,000 after purchasing an additional 29 shares in the last quarter. Bogart Wealth LLC increased its position in shares of Eaton by 1.3% in the first quarter. Bogart Wealth LLC now owns 2,184 shares of the industrial products company’s stock worth $781,000 after acquiring an additional 29 shares in the last quarter. Finally, Pring Turner Capital Group Inc. increased its position in shares of Eaton by 0.3% in the fourth quarter. Pring Turner Capital Group Inc. now owns 10,528 shares of the industrial products company’s stock worth $3,353,000 after acquiring an additional 30 shares in the last quarter. 82.97% of the stock is currently owned by institutional investors.

Eaton Company Profile

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.