Van Hulzen Asset Management LLC trimmed its stake in Eaton Corporation, PLC (NYSE:ETN – Free Report) by 4.9% during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 51,780 shares of the industrial products company’s stock after selling 2,668 shares during the quarter. Eaton makes up 1.5% of Van Hulzen Asset Management LLC’s holdings, making the stock its 20th largest holding. Van Hulzen Asset Management LLC’s holdings in Eaton were worth $22,064,000 as of its most recent filing with the Securities & Exchange Commission.
Several other hedge funds have also modified their holdings of ETN. Cahill Financial Advisors Inc. purchased a new stake in Eaton during the second quarter valued at about $223,000. Scholtz & Company LLC raised its holdings in shares of Eaton by 18.2% during the second quarter. Scholtz & Company LLC now owns 12,215 shares of the industrial products company’s stock valued at $5,205,000 after acquiring an additional 1,884 shares during the period. Archford Capital Strategies LLC lifted its position in shares of Eaton by 8.8% in the 2nd quarter. Archford Capital Strategies LLC now owns 669 shares of the industrial products company’s stock valued at $285,000 after acquiring an additional 54 shares in the last quarter. National Pension Service boosted its stake in Eaton by 3.5% in the 2nd quarter. National Pension Service now owns 864,731 shares of the industrial products company’s stock worth $368,479,000 after purchasing an additional 29,436 shares during the period. Finally, Plimoth Trust Co. LLC boosted its position in shares of Eaton by 0.8% in the second quarter. Plimoth Trust Co. LLC now owns 11,972 shares of the industrial products company’s stock worth $5,102,000 after buying an additional 97 shares during the period. 82.97% of the stock is owned by hedge funds and other institutional investors.
Insider Buying and Selling
In other news, insider Heath Monesmith sold 18,036 shares of the company’s stock in a transaction that occurred on Tuesday, August 11th. The stock was sold at an average price of $458.04, for a total value of $8,261,209.44. Following the transaction, the insider owned 50,368 shares of the company’s stock, valued at approximately $23,070,558.72. This represents a 26.37% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Adam Wadecki sold 525 shares of the firm’s stock in a transaction dated Tuesday, August 4th. The stock was sold at an average price of $440.54, for a total transaction of $231,283.50. Following the transaction, the insider directly owned 1,054 shares in the company, valued at approximately $464,329.16. This represents a 33.25% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 0.10% of the stock is currently owned by insiders.
Analyst Upgrades and Downgrades
View Our Latest Stock Analysis on ETN
Eaton Trading Down 1.5%
NYSE ETN opened at $415.93 on Thursday. 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 Corporation, PLC has a one year low of $311.92 and a one year high of $478.00. The stock’s 50-day moving average is $415.47 and its 200-day moving average is $398.96. The firm has a market cap of $161.55 billion, a P/E ratio of 42.31, a P/E/G ratio of 2.67 and a beta of 1.17.
Eaton (NYSE:ETN – Get Free Report) last posted its quarterly earnings data on Friday, July 31st. The industrial products company reported $3.15 earnings per share for the quarter, topping the consensus estimate of $3.08 by $0.07. The company had revenue of $8.53 billion during the quarter, compared to analysts’ expectations of $8.16 billion. Eaton had a return on equity of 24.58% and a net margin of 12.75%.Eaton’s revenue for the quarter was up 21.4% compared to the same quarter last year. During the same period in the prior year, the firm earned $2.95 earnings per share. Eaton has set its Q3 2026 guidance at 3.460-3.560 EPS and its FY 2026 guidance at 13.400-13.600 EPS. Sell-side analysts anticipate that Eaton Corporation, PLC will post 13.56 earnings per share for the current fiscal year.
Eaton Dividend Announcement
The business also recently disclosed a quarterly dividend, which was paid on Friday, August 28th. Shareholders of record on Friday, August 7th were given a dividend of $1.10 per share. This represents a $4.40 dividend on an annualized basis and a yield of 1.1%. The ex-dividend date of this dividend was Friday, August 7th. Eaton’s payout ratio is 44.76%.
Eaton Company Profile
Eaton plc is a power management company that helps businesses, utilities, data centers, industrial facilities and other customers manage electrical, hydraulic and mechanical power more safely and efficiently. Its products and systems support power distribution, circuit protection, power quality, backup power, industrial automation and energy management.
The company also supplies aerospace systems, including hydraulic, fuel, motion-control and air-management equipment, as well as components and systems for commercial and military aircraft.
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