Rothschild & Co Redburn Adjusts Price Target on Eaton to $402 From $403
Rothschild & Co Redburn has revised its price target for Eaton Corporation plc, lowering it slightly from $403 to $402.
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Filed: 2026-11-03 AccNo: 0001551182-26-000037 Size: 581 KB Item 2.02: Results of Operations and Financial Condition Item 9.01: Financial Statements and Exhibits
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Rothschild & Co Redburn has revised its price target for Eaton Corporation plc, lowering it slightly from $403 to $402.
Eaton reported strong Q3 sales growth of 28% with record orders across all segments, but GAAP EPS rose only 7% due to acquisition-related debt and amortization charges. While organic sales grew 19% and management raised guidance, net interest expenses nearly tripled to $198 million, limiting profit reaching shareholders. The company expects organic growth to slow in Q4.
Eaton Corporation plc reported record third-quarter 2026 financial results, featuring record adjusted earnings per share and record sales, while raising its organic growth guidance.
The global data center rack market is expected to grow at a CAGR of 11.2% through 2036, driven by hyperscale and colocation data center expansion, AI infrastructure investment, and increasing rack power density requirements. Enclosed racks/cabinets will maintain market leadership, while open frame racks are projected to record the highest growth. Colocation data centers lead by end user, with cloud service providers and hyperscalers registering the fastest growth. North America holds the largest market share, while Asia-Pacific is projected to register the fastest regional CAGR.
Dana Incorporated reported that the transaction involving Eaton's mobility business remains on track to close by the end of the first quarter of 2027, with nearly all regulatory approvals secured.
Eaton Corporation plc has declared a quarterly dividend of $1.10 per ordinary share, payable on November 27, 2026.