Equities Analysts Offer Predictions for Eaton Co. plc’s Q4 2024 Earnings (NYSE:ETN)

Eaton Co. plc (NYSE:ETN) – Investment analysts at Zacks Research reduced their Q4 2024 earnings estimates for Eaton in a research report issued to clients and investors on Wednesday, August 14th. Zacks Research analyst J. Saha now expects that the industrial products company will earn $2.78 per share for the quarter, down from their prior estimate of $2.80. The consensus estimate for Eaton’s current full-year earnings is $10.66 per share. Zacks Research also issued estimates for Eaton’s Q1 2025 earnings at $2.68 EPS and Q3 2025 earnings at $2.98 EPS.

ETN has been the topic of several other research reports. Wells Fargo & Company lowered their target price on shares of Eaton from $320.00 to $315.00 and set an “equal weight” rating on the stock in a research note on Friday, August 2nd. JPMorgan Chase & Co. raised their price objective on shares of Eaton from $279.00 to $325.00 and gave the company an “overweight” rating in a research report on Wednesday, May 1st. Jefferies Financial Group raised their price objective on shares of Eaton from $370.00 to $385.00 and gave the company a “buy” rating in a research report on Thursday, July 11th. Mizuho reissued a “buy” rating and issued a $355.00 price target (up previously from $340.00) on shares of Eaton in a research report on Wednesday, May 1st. Finally, Royal Bank of Canada dropped their price target on shares of Eaton from $376.00 to $371.00 and set an “outperform” rating on the stock in a research report on Friday, August 2nd. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and fourteen have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $326.53.

Eaton Stock Down 1.9 %

ETN stock opened at $296.68 on Monday. The company has a quick ratio of 1.05, a current ratio of 1.56 and a debt-to-equity ratio of 0.44. Eaton has a fifty-two week low of $191.82 and a fifty-two week high of $345.19. The firm’s 50-day simple moving average is $310.21 and its 200 day simple moving average is $309.05. The stock has a market cap of $118.61 billion, a PE ratio of 35.03, a price-to-earnings-growth ratio of 2.47 and a beta of 1.02.

Eaton Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, August 23rd. Stockholders of record on Monday, August 5th will be paid a dividend of $0.94 per share. This represents a $3.76 dividend on an annualized basis and a dividend yield of 1.27%. The ex-dividend date of this dividend is Monday, August 5th. Eaton’s dividend payout ratio is currently 44.39%.

Insider Transactions at Eaton

In other Eaton news, insider Taras G. Jr. Szmagala sold 335 shares of the stock in a transaction on Monday, August 12th. The stock was sold at an average price of $288.72, for a total transaction of $96,721.20. Following the transaction, the insider now owns 9,900 shares in the company, valued at approximately $2,858,328. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In related news, insider Taras G. Jr. Szmagala sold 335 shares of the firm’s stock in a transaction dated Monday, August 12th. The stock was sold at an average price of $288.72, for a total value of $96,721.20. Following the sale, the insider now directly owns 9,900 shares of the company’s stock, valued at $2,858,328. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Heath B. Monesmith sold 49,040 shares of the firm’s stock in a transaction dated Thursday, August 15th. The shares were sold at an average price of $301.02, for a total value of $14,762,020.80. Following the completion of the sale, the insider now directly owns 71,262 shares in the company, valued at $21,451,287.24. The disclosure for this sale can be found here. Company insiders own 0.53% of the company’s stock.

Hedge Funds Weigh In On Eaton

Several large investors have recently bought and sold shares of the company. Tennessee Valley Asset Management Partners bought a new position in shares of Eaton during the fourth quarter worth about $25,000. Beaumont Financial Advisors LLC increased its holdings in Eaton by 8.6% in the fourth quarter. Beaumont Financial Advisors LLC now owns 1,254 shares of the industrial products company’s stock worth $302,000 after purchasing an additional 99 shares in the last quarter. J.W. Cole Advisors Inc. increased its holdings in Eaton by 5.6% in the fourth quarter. J.W. Cole Advisors Inc. now owns 1,741 shares of the industrial products company’s stock worth $419,000 after purchasing an additional 93 shares in the last quarter. Kornitzer Capital Management Inc. KS increased its holdings in Eaton by 22.3% in the fourth quarter. Kornitzer Capital Management Inc. KS now owns 6,976 shares of the industrial products company’s stock worth $1,680,000 after purchasing an additional 1,273 shares in the last quarter. Finally, abrdn plc increased its holdings in Eaton by 47.6% in the fourth quarter. abrdn plc now owns 173,886 shares of the industrial products company’s stock worth $41,875,000 after purchasing an additional 56,065 shares in the last quarter. 82.97% of the stock is currently owned by institutional investors.

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.