Eaton (NYSE:ETN) Trading 3.2% Higher – Time to Buy?

Eaton Corporation, PLC (NYSE:ETN)’s stock price was up 3.2% on Tuesday . The stock traded as high as $463.75 and last traded at $459.3480. 1,807,617 shares were traded during trading, a decline of 32% from the average session volume of 2,677,508 shares. The stock had previously closed at $444.96.

Analyst Upgrades and Downgrades

ETN has been the topic of a number of recent analyst reports. Weiss Ratings downgraded shares of Eaton from a “buy (b)” rating to a “buy (b-)” rating in a research report on Monday, May 18th. Evercore upgraded shares of Eaton from an “in-line” rating to an “outperform” rating and set a $502.00 price objective for the company in a research note on Monday, August 3rd. Wall Street Zen raised Eaton from a “hold” rating to a “buy” rating in a report on Saturday, August 8th. BMO Capital Markets lifted their target price on Eaton from $477.00 to $487.00 and gave the stock an “outperform” rating in a research report on Monday, August 3rd. Finally, Sanford C. Bernstein reissued an “outperform” rating on shares of Eaton in a report on Monday, August 3rd. Two equities research analysts have rated the stock with a Strong Buy rating, fourteen have given a Buy rating and four have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $431.78.

Eaton Stock Performance

The firm’s 50-day moving average is $411.84 and its 200 day moving average is $391.86. The stock has a market cap of $176.22 billion, a PE ratio of 46.12, a P/E/G ratio of 2.91 and a beta of 1.18. The company has a debt-to-equity ratio of 0.91, a quick ratio of 0.79 and a current ratio of 1.24.

Eaton (NYSE:ETN) last issued its quarterly earnings data on Friday, July 31st. The industrial products company reported $3.15 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.08 by $0.07. The company had revenue of $8.53 billion for the quarter, compared to the consensus estimate of $8.16 billion. Eaton had a net margin of 12.75% and a return on equity of 24.58%. Eaton’s revenue for the quarter was up 21.4% on a year-over-year basis. During the same period last year, the firm posted $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, research analysts anticipate that Eaton Corporation, PLC will post 13.54 EPS for the current year.

Eaton Dividend Announcement

The business also recently declared 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. This represents a $4.40 annualized dividend and a yield of 1.0%. The ex-dividend date is Friday, August 7th. Eaton’s payout ratio is 44.76%.

Insider Activity at Eaton

In other Eaton news, Director Dorothy C. Thompson sold 167 shares of the stock in a transaction that occurred on Friday, May 22nd. The stock was sold at an average price of $385.00, for a total transaction of $64,295.00. Following the completion of the sale, the director directly owned 1,096 shares of the company’s stock, valued at approximately $421,960. This trade represents a 13.22% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Adam A. Wadecki sold 525 shares of Eaton stock in a transaction that occurred on Tuesday, August 4th. The shares were sold at an average price of $440.54, for a total value of $231,283.50. Following the completion of the transaction, the insider owned 1,054 shares in the company, valued at $464,329.16. This trade represents a 33.25% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 0.10% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Eaton

Large investors have recently bought and sold shares of the company. Brighton Jones LLC lifted its position 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 purchasing an additional 45 shares during the period. Revolve Wealth Partners LLC raised its stake in shares of Eaton by 17.5% during the 4th quarter. Revolve Wealth Partners LLC now owns 913 shares of the industrial products company’s stock worth $303,000 after buying an additional 136 shares in the last quarter. Empowered Funds LLC raised its stake in shares of Eaton by 5.6% during the 1st quarter. Empowered Funds LLC now owns 9,402 shares of the industrial products company’s stock worth $2,556,000 after buying an additional 496 shares in the last quarter. Vista Capital Partners Inc. acquired a new stake in shares of Eaton in the 2nd quarter valued at approximately $259,000. Finally, Tandem Wealth Advisors LLC boosted its stake in shares of Eaton by 70.1% in the second 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 in the last quarter. Hedge funds and other institutional investors own 82.97% of the company’s stock.

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.