Eaton Stock Earnings Estimates Lifted by Erste Group Bank

Eaton Corporation, PLC (NYSE:ETN) – Analysts at Erste Group Bank lifted their FY2026 earnings per share (EPS) estimates for Eaton in a note issued to investors on Thursday, October 8th. Erste Group Bank analyst S. Lingnau now expects that the industrial products company will earn $13.57 per share for the year, up from their prior forecast of $13.55. The consensus estimate for Eaton’s current full-year earnings is $13.56 per share. Erste Group Bank also issued estimates for Eaton’s FY2027 earnings at $16.12 EPS.

ETN has been the subject of several other research reports. Evercore raised their target price on Eaton from $502.00 to $515.00 and gave the company an “outperform” rating in a research note on Tuesday, August 11th. Rothschild & Co Redburn boosted their price target on shares of Eaton from $386.00 to $403.00 and gave the stock a “neutral” rating in a research report on Wednesday, September 30th. HSBC upped their price target on shares of Eaton from $440.00 to $460.00 and gave the company a “buy” rating in a report on Monday, August 3rd. Royal Bank Of Canada upped their price target on shares of Eaton from $484.00 to $512.00 and gave the company an “outperform” rating in a report on Monday, August 3rd. Finally, Morgan Stanley raised their price objective 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. One research analyst has rated the stock with a Strong Buy rating, twenty-one have given a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat, Eaton presently has a consensus rating of “Moderate Buy” and an average price target of $480.77.

Eaton Stock Down 0.8%

ETN opened at $426.07 on Tuesday. The company has a debt-to-equity ratio of 0.91, a quick ratio of 0.79 and a current ratio of 1.24. The company has a market capitalization of $165.48 billion, a PE ratio of 43.34, a P/E/G ratio of 2.49 and a beta of 1.13. The stock’s fifty day moving average is $426.22 and its 200-day moving average is $409.32. Eaton has a one year low of $311.92 and a one year high of $478.00.

Eaton (NYSE:ETN) last issued its quarterly earnings results on Friday, July 31st. The industrial products company reported $3.15 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.08 by $0.07. Eaton had a return on equity of 24.58% and a net margin of 12.75%. The firm had revenue of $8.53 billion during the quarter, compared to analyst estimates of $8.16 billion. During the same period last year, the company posted $2.95 EPS. The firm’s quarterly revenue was up 21.4% on a year-over-year basis. Eaton has set its Q3 2026 guidance at 3.460-3.560 EPS and its FY 2026 guidance at 13.400-13.600 EPS.

Eaton Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, August 28th. Stockholders of record on Friday, August 7th were given a dividend of $1.10 per share. This represents a $4.40 dividend on an annualized basis and a dividend yield of 1.0%. The ex-dividend date was Friday, August 7th. Eaton’s dividend payout ratio is 44.76%.

Insider Transactions at Eaton

In other news, insider Heath Monesmith sold 18,036 shares of the firm’s stock in a transaction on Tuesday, August 11th. The stock was sold at an average price of $458.04, for a total transaction of $8,261,209.44. Following the completion of the sale, 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 position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Adam Wadecki sold 525 shares of Eaton stock in a transaction on Tuesday, August 4th. The stock was 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. The trade was a 33.25% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Corporate insiders own 0.10% of the company’s stock.

Hedge Funds Weigh In On Eaton

A number of institutional investors have recently bought and sold shares of ETN. Security National Bank of SO Dak purchased a new stake in Eaton during the second quarter valued at about $26,000. Manning & Napier Advisors LLC purchased a new position in shares of Eaton in the second quarter worth approximately $27,000. Gunpowder Capital Management LLC dba Oliver Wealth Management purchased a new position in shares of Eaton in the fourth quarter worth approximately $28,000. Boreal Capital Management LLC acquired a new stake in shares of Eaton during the first quarter valued at approximately $33,000. Finally, North Point Portfolio Managers Corp OH acquired a new stake in shares of Eaton during the third quarter valued at approximately $34,000. Hedge funds and other institutional investors own 82.97% of the company’s stock.

Eaton Company Profile

Eaton Corporation plc (NYSE: ETN) is a global power management company that helps customers manage electrical, hydraulic and mechanical power more safely, efficiently and reliably. Its products and systems serve commercial, industrial, utility, data center, residential, aerospace, vehicle and mobility applications.

The company’s electrical businesses provide circuit protection and control equipment, power distribution systems, connectivity solutions, backup power and other technologies used to support critical infrastructure and improve energy efficiency.