Investment Analysts’ Weekly Ratings Updates for Eaton (ETN)

A number of research firms have changed their ratings and price targets for Eaton (NYSE: ETN):

• 3/5/2025 – Eaton had its price target lowered by analysts at Wells Fargo & Company from $335.00 to $305.00. They now have an “equal weight” rating on the stock.
• 3/3/2025 – Eaton had its price target lowered by analysts at Barclays PLC from $353.00 to $325.00. They now have an “equal weight” rating on the stock.
• 2/19/2025 – Eaton had its price target lowered by analysts at Evercore ISI from $382.00 to $326.00. They now have an “in-line” rating on the stock.
• 2/13/2025 – Eaton had its “outperform” rating reaffirmed by analysts at Royal Bank of Canada.
• 2/13/2025 – Eaton had its “equal weight” rating reaffirmed by analysts at Wells Fargo & Company.
• 2/3/2025 – Eaton had its price target lowered by analysts at Royal Bank of Canada from $407.00 to $405.00. They now have an “outperform” rating on the stock.
• 2/3/2025 – Eaton had its price target lowered by analysts at Wells Fargo & Company from $350.00 to $335.00. They now have an “equal weight” rating on the stock.
• 1/28/2025 – Eaton had its “hold” rating reaffirmed by analysts at Melius Research. They now have a $373.00 price target on the stock.
• 1/28/2025 – Eaton was downgraded by analysts at Melius from a “buy” rating to a “hold” rating. They now have a $373.00 price target on the stock.
• 1/15/2025 – Eaton had its price target lowered by analysts at JPMorgan Chase & Co. from $350.00 to $348.00. They now have an “overweight” rating on the stock.
• 1/13/2025 – Eaton had its price target lowered by analysts at Citigroup Inc. from $440.00 to $410.00. They now have a “buy” rating on the stock.
• 1/7/2025 – Eaton had its price target lowered by analysts at Wells Fargo & Company from $365.00 to $350.00. They now have an “equal weight” rating on the stock.

Eaton Stock Performance

NYSE:ETN opened at $287.85 on Thursday. The stock’s fifty day moving average is $323.38 and its 200 day moving average is $332.18. Eaton Co. plc has a fifty-two week low of $255.65 and a fifty-two week high of $379.99. The firm has a market capitalization of $112.84 billion, a PE ratio of 30.30, a PEG ratio of 2.64 and a beta of 1.09. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.96 and a current ratio of 1.50.

Eaton (NYSE:ETN) last released its quarterly earnings results on Friday, January 31st. The industrial products company reported $2.83 earnings per share for the quarter, beating the consensus estimate of $2.82 by $0.01. Eaton had a return on equity of 22.62% and a net margin of 15.25%. During the same quarter last year, the firm posted $2.55 EPS. On average, sell-side analysts anticipate that Eaton Co. plc will post 12.02 earnings per share for the current year.

Eaton Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, March 28th. Shareholders of record on Monday, March 10th will be paid a $1.04 dividend. This is a positive change from Eaton’s previous quarterly dividend of $0.94. The ex-dividend date is Monday, March 10th. This represents a $4.16 dividend on an annualized basis and a yield of 1.45%. Eaton’s dividend payout ratio (DPR) is presently 43.79%.

Insiders Place Their Bets

In other Eaton news, Director Gregory R. Page sold 10,000 shares of the stock in a transaction on Friday, December 13th. The stock was sold at an average price of $355.98, for a total value of $3,559,800.00. Following the sale, the director now owns 43,203 shares in the company, valued at $15,379,403.94. This trade represents a 18.80 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders own 0.53% of the company’s stock.

Institutional Trading of Eaton

Hedge funds and other institutional investors have recently bought and sold shares of the business. Vanguard Group Inc. increased its stake in shares of Eaton by 0.3% during the fourth quarter. Vanguard Group Inc. now owns 37,217,906 shares of the industrial products company’s stock valued at $12,351,506,000 after buying an additional 99,291 shares during the period. FMR LLC increased its stake in shares of Eaton by 1.2% during the fourth quarter. FMR LLC now owns 15,222,248 shares of the industrial products company’s stock valued at $5,051,807,000 after buying an additional 182,455 shares during the period. Geode Capital Management LLC increased its stake in shares of Eaton by 1.6% during the fourth quarter. Geode Capital Management LLC now owns 8,198,412 shares of the industrial products company’s stock valued at $2,714,677,000 after buying an additional 129,071 shares during the period. Nuveen Asset Management LLC increased its stake in shares of Eaton by 4.3% during the fourth quarter. Nuveen Asset Management LLC now owns 4,671,185 shares of the industrial products company’s stock valued at $1,550,226,000 after buying an additional 192,482 shares during the period. Finally, Northern Trust Corp increased its stake in shares of Eaton by 8.8% during the fourth quarter. Northern Trust Corp now owns 4,574,704 shares of the industrial products company’s stock valued at $1,518,207,000 after buying an additional 368,241 shares during the period. Hedge funds and other institutional investors own 82.97% of the company’s stock.

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.