Eaton (NYSE:ETN) Raised to “Overweight” at KeyCorp

Eaton (NYSE:ETN) was upgraded by stock analysts at KeyCorp from a “sector weight” rating to an “overweight” rating in a report released on Wednesday, Marketbeat reports. The brokerage currently has a $340.00 price objective on the industrial products company’s stock. KeyCorp’s price target points to a potential upside of 20.07% from the stock’s previous close. KeyCorp also issued estimates for Eaton’s Q1 2025 earnings at $2.70 EPS, Q2 2025 earnings at $3.12 EPS, Q3 2025 earnings at $3.06 EPS, Q4 2025 earnings at $3.18 EPS, FY2025 earnings at $12.05 EPS and FY2026 earnings at $13.46 EPS.

ETN has been the topic of a number of other reports. Melius lowered Eaton from a “buy” rating to a “hold” rating and set a $373.00 target price on the stock. in a research report on Tuesday, January 28th. Citigroup lowered their target price on Eaton from $440.00 to $410.00 and set a “buy” rating on the stock in a research report on Monday, January 13th. Evercore ISI lowered their target price on Eaton from $382.00 to $326.00 and set an “in-line” rating on the stock in a research report on Wednesday, February 19th. Barclays lowered their target price on Eaton from $353.00 to $325.00 and set an “equal weight” rating on the stock in a research report on Monday, March 3rd. Finally, Wells Fargo & Company lowered their target price on Eaton from $335.00 to $305.00 and set an “equal weight” rating on the stock in a research report on Wednesday, March 5th. Seven investment analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company’s stock. According to MarketBeat, Eaton presently has a consensus rating of “Moderate Buy” and a consensus price target of $356.20.

Eaton Stock Performance

Shares of Eaton stock opened at $283.16 on Wednesday. The company has a current ratio of 1.50, a quick ratio of 0.96 and a debt-to-equity ratio of 0.46. The business has a 50-day moving average price of $317.27 and a two-hundred day moving average price of $331.31. Eaton has a 1-year low of $255.65 and a 1-year high of $379.99. The company has a market cap of $111.00 billion, a P/E ratio of 29.81, a PEG ratio of 2.64 and a beta of 1.09.

Eaton (NYSE:ETN) last issued its earnings results on Friday, January 31st. The industrial products company reported $2.83 EPS for the quarter, beating analysts’ consensus estimates 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 period last year, the business posted $2.55 earnings per share. As a group, analysts anticipate that Eaton will post 12.02 EPS for the current year.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the stock. United Bank purchased a new stake in shares of Eaton in the 3rd quarter valued at about $258,000. Wolverine Asset Management LLC purchased a new stake in shares of Eaton in the 3rd quarter valued at about $1,160,000. Venturi Wealth Management LLC raised its holdings in shares of Eaton by 2.1% in the 3rd quarter. Venturi Wealth Management LLC now owns 1,549 shares of the industrial products company’s stock valued at $513,000 after acquiring an additional 32 shares in the last quarter. Nations Financial Group Inc. IA ADV raised its holdings in shares of Eaton by 72.2% in the 3rd quarter. Nations Financial Group Inc. IA ADV now owns 3,419 shares of the industrial products company’s stock valued at $1,133,000 after acquiring an additional 1,434 shares in the last quarter. Finally, GSA Capital Partners LLP purchased a new stake in shares of Eaton in the 3rd quarter valued at about $295,000. Institutional investors own 82.97% of the company’s stock.

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.