Meadowbrook Wealth Management LLC acquired a new stake in shares of Eaton Corporation, PLC (NYSE:ETN – Free Report) in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 1,825 shares of the industrial products company’s stock, valued at approximately $752,000.
Several other hedge funds and other institutional investors also recently made changes to their positions in the company. North Star Investment Management Corp. raised its holdings in shares of Eaton by 0.3% during the first quarter. North Star Investment Management Corp. now owns 8,101 shares of the industrial products company’s stock valued at $2,897,000 after acquiring an additional 28 shares during the period. Bogart Wealth LLC lifted its stake in Eaton by 1.3% in the 1st quarter. Bogart Wealth LLC now owns 2,184 shares of the industrial products company’s stock worth $781,000 after acquiring an additional 29 shares in the last quarter. Pring Turner Capital Group Inc. boosted its position in Eaton by 0.3% during the 4th quarter. Pring Turner Capital Group Inc. now owns 10,528 shares of the industrial products company’s stock worth $3,353,000 after acquiring an additional 30 shares during the period. Ellevest Inc. grew its stake in Eaton by 2.5% during the 4th quarter. Ellevest Inc. now owns 1,281 shares of the industrial products company’s stock valued at $408,000 after acquiring an additional 31 shares in the last quarter. Finally, Douglass Winthrop Advisors LLC increased its holdings in shares of Eaton by 1.2% in the 4th quarter. Douglass Winthrop Advisors LLC now owns 2,613 shares of the industrial products company’s stock valued at $832,000 after purchasing an additional 31 shares during the period. 82.97% of the stock is currently owned by institutional investors and hedge funds.
Analyst Upgrades and Downgrades
Several analysts recently commented on ETN shares. Robert W. Baird set a $500.00 price target on shares of Eaton and gave the stock an “outperform” rating in a report on Thursday, August 20th. Weiss Ratings upgraded shares of Eaton from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Friday, August 28th. Sanford C. Bernstein reissued an “outperform” rating on shares of Eaton in a research note on Monday, August 3rd. Morgan Stanley boosted their price target on shares of Eaton from $500.00 to $520.00 and gave the company an “overweight” rating in a report on Friday, August 28th. Finally, BMO Capital Markets increased their price objective on Eaton from $477.00 to $487.00 and gave the stock an “outperform” rating in a report on Monday, August 3rd. Three research analysts have rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat, Eaton presently has a consensus rating of “Buy” and an average target price of $442.00.
More Eaton News
Here are the key news stories impacting Eaton this week:
- Positive Sentiment: Eaton plans to invest more than $242 million in a 1-million-square-foot facility in North Little Rock, Arkansas. The plant is expected to double Fibrebond’s U.S. capacity for customized electrical enclosures and create approximately 1,200 jobs, helping address supply constraints tied to data centers, utilities and broader electrification. Eaton to Boost U.S. Power Capacity With $242M Arkansas Plant
- Positive Sentiment: Analyst valuation work raised Eaton’s estimated fair value to $475.57 from $464.59, citing AI-related data-center demand, a strong project backlog and improved visibility into electrical-sector growth. Several published price targets are above the revised valuation. Eaton Stock Gets Fair Value Bump As Analysts Back AI Data Center Growth
- Positive Sentiment: Recent results showed continued operating momentum: Eaton beat quarterly earnings expectations, reported revenue growth of 21.4% year over year and issued third-quarter and full-year 2026 earnings guidance that supports the bullish growth narrative.
- Neutral Sentiment: CEO Paulo Ruiz will discuss Eaton’s growth strategy, portfolio transformation and demand across data centers, utilities and aerospace at Morgan Stanley’s Laguna Conference on September 16. The event could provide additional guidance on orders and execution. Eaton to Participate in the Morgan Stanley Laguna Conference
- Neutral Sentiment: High trading volume in Eaton put options indicates some investors are hedging or positioning for weakness, but options activity alone does not establish a clear directional signal. Investors Buy High Volume of Eaton Put Options
- Negative Sentiment: Commentary warns that Eaton’s strong secular growth story is already reflected in a relatively demanding valuation, potentially limiting further gains. Separately, Vertiv’s acquisition of UtilityInnovation Group highlights increasing competition to solve data-center power bottlenecks. Eaton Strong Secular Growth, But Valuation Limits Upside
Eaton Trading Up 3.5%
Eaton stock opened at $411.08 on Friday. The company has a market capitalization of $159.66 billion, a price-to-earnings ratio of 41.82, a PEG ratio of 2.51 and a beta of 1.17. The company’s fifty day moving average price is $415.42 and its two-hundred day moving average price is $398.19. Eaton Corporation, PLC has a one year low of $311.92 and a one year high of $478.00. The company has a debt-to-equity ratio of 0.91, a current ratio of 1.24 and a quick ratio of 0.79.
Eaton (NYSE:ETN – Get Free Report) last issued its quarterly earnings data on Friday, July 31st. The industrial products company reported $3.15 earnings per share 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 business had revenue of $8.53 billion for the quarter, compared to the consensus estimate of $8.16 billion. The firm’s revenue was up 21.4% compared to the same quarter last year. During the same period last year, the business earned $2.95 EPS. Eaton has set its Q3 2026 guidance at 3.460-3.560 EPS and its FY 2026 guidance at 13.400-13.600 EPS. On average, analysts forecast that Eaton Corporation, PLC will post 13.56 earnings per share for the current fiscal year.
Eaton Dividend Announcement
The company also recently disclosed a quarterly dividend, which was paid on Friday, August 28th. Stockholders of record on Friday, August 7th were paid a $1.10 dividend. This represents a $4.40 dividend on an annualized basis and a dividend yield of 1.1%. The ex-dividend date was Friday, August 7th. Eaton’s payout ratio is presently 44.76%.
Insider Buying and Selling
In related news, insider Heath Monesmith sold 18,036 shares of the firm’s stock in a transaction on Tuesday, August 11th. The shares were sold at an average price of $458.04, for a total value of $8,261,209.44. Following the transaction, the insider directly owned 50,368 shares in the company, valued at approximately $23,070,558.72. This trade represents a 26.37% decrease in their position. The transaction was disclosed in a 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 transaction of $231,283.50. Following the completion of the transaction, the insider owned 1,054 shares in the company, valued at $464,329.16. This trade represents a 33.25% decrease in their position. The SEC filing for this sale provides additional information. 0.10% of the stock is owned by insiders.
About Eaton
Eaton (NYSE: ETN) is a diversified power management company that designs, manufactures and distributes products and systems to manage electrical, hydraulic and mechanical power. The company’s offerings are used to improve energy efficiency, reliability and safety across a wide range of applications, with core capabilities in electrical distribution and control, industrial hydraulics and aerospace systems.
Its product portfolio includes switchgear, circuit breakers, transformers, power distribution units, uninterruptible power supplies and surge protection devices for electrical infrastructure, along with hydraulic pumps, valves and filtration systems for industrial and mobile equipment.
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