Isthmus Partners LLC acquired a new stake in shares of Eaton Corporation, PLC (NYSE:ETN – Free Report) in the fourth quarter, according to the company in its most recent filing with the SEC. The firm acquired 1,695 shares of the industrial products company’s stock, valued at approximately $540,000.
A number of other institutional investors have also modified their holdings of ETN. PFA Pension Forsikringsaktieselskab purchased a new position in shares of Eaton during the 4th quarter valued at about $97,989,000. SG Americas Securities LLC raised its stake in shares of Eaton by 438.9% during the 4th quarter. SG Americas Securities LLC now owns 364,877 shares of the industrial products company’s stock valued at $116,217,000 after buying an additional 297,166 shares during the last quarter. Fayez Sarofim & Co raised its stake in shares of Eaton by 3.4% during the 3rd quarter. Fayez Sarofim & Co now owns 1,256,177 shares of the industrial products company’s stock valued at $474,444,000 after buying an additional 40,792 shares during the last quarter. Norris Perne & French LLP MI purchased a new position in shares of Eaton in the 4th quarter valued at about $7,893,000. Finally, Bartlett & CO. Wealth Management LLC increased its stake in shares of Eaton by 9.2% in the 4th quarter. Bartlett & CO. Wealth Management LLC now owns 238,030 shares of the industrial products company’s stock valued at $75,815,000 after purchasing an additional 19,958 shares in the last quarter. Hedge funds and other institutional investors own 82.97% of the company’s stock.
Analyst Ratings Changes
ETN has been the subject of several recent analyst reports. Royal Bank Of Canada lifted their price target on Eaton from $457.00 to $484.00 and gave the company an “outperform” rating in a research note on Wednesday, May 6th. Morgan Stanley restated an “overweight” rating and issued a $500.00 price target on shares of Eaton in a research note on Sunday, May 10th. Barclays lifted their price target on Eaton from $340.00 to $392.00 and gave the company an “equal weight” rating in a research note on Wednesday, May 6th. BMO Capital Markets initiated coverage on Eaton in a research note on Friday, March 27th. They issued an “outperform” rating and a $428.00 price target for the company. Finally, Citigroup lifted their price target on Eaton from $464.00 to $471.00 and gave the company a “buy” rating in a research note on Wednesday, May 6th. Two investment analysts have rated the stock with a Strong Buy rating, fifteen have issued a Buy rating and five have issued a Hold rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $420.95.
Insider Transactions at Eaton
In related news, insider Antonio Galvao sold 494 shares of Eaton stock in a transaction dated Wednesday, May 13th. The stock was sold at an average price of $405.86, for a total value of $200,494.84. Following the sale, the insider directly owned 9,175 shares in the company, valued at approximately $3,723,765.50. The trade was a 5.11% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Gerald Johnson acquired 215 shares of the stock in a transaction that occurred on Monday, May 11th. The stock was purchased at an average price of $419.02 per share, for a total transaction of $90,089.30. Following the completion of the acquisition, the director owned 1,629 shares in the company, valued at $682,583.58. The trade was a 15.21% increase in their position. The disclosure for this purchase is available in the SEC filing. In the last quarter, insiders have sold 20,861 shares of company stock valued at $8,550,498. 0.10% of the stock is currently owned by corporate insiders.
Eaton Trading Down 2.0%
ETN stock opened at $400.02 on Friday. The company has a current ratio of 1.19, a quick ratio of 0.75 and a debt-to-equity ratio of 0.94. Eaton Corporation, PLC has a 12-month low of $311.90 and a 12-month high of $435.43. The stock has a market cap of $155.33 billion, a price-to-earnings ratio of 39.10, a PEG ratio of 2.57 and a beta of 1.24. The business’s 50-day moving average is $384.79 and its 200 day moving average is $362.26.
Eaton (NYSE:ETN – Get Free Report) last posted its quarterly earnings data on Tuesday, May 5th. The industrial products company reported $2.81 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.73 by $0.08. Eaton had a return on equity of 24.72% and a net margin of 13.99%.The company had revenue of $7.45 billion for the quarter, compared to analysts’ expectations of $7.14 billion. During the same period in the previous year, the firm posted $2.72 EPS. Eaton’s revenue was up 16.8% compared to the same quarter last year. Eaton has set its Q2 2026 guidance at 3.000-3.100 EPS and its FY 2026 guidance at 13.050-13.500 EPS. On average, sell-side analysts anticipate that Eaton Corporation, PLC will post 13.33 EPS for the current fiscal year.
Eaton Announces Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Friday, May 29th. Investors of record on Friday, May 8th will be issued a $1.10 dividend. This represents a $4.40 annualized dividend and a yield of 1.1%. The ex-dividend date is Friday, May 8th. Eaton’s payout ratio is presently 43.01%.
Eaton Company Profile
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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