First Bancorp Inc ME Purchases New Shares in Eaton Corporation, PLC $ETN

Posted by Brian Himes on Aug 26th, 2026

First Bancorp Inc ME acquired a new position in Eaton Corporation, PLC (NYSE:ETN – Free Report) in the second quarter, HoldingsChannel.com reports. The fund acquired 4,821 shares of the industrial products company’s stock, valued at approximately $2,054,000. Eaton comprises 0.8% of First Bancorp Inc ME’s portfolio, making the stock its 26th biggest position.

Several other hedge funds have also modified their holdings of the company. Jones Financial Companies Lllp acquired a new stake in shares of Eaton during the 2nd quarter valued at about $2,490,000. Front Street Capital Management Inc. acquired a new position in Eaton in the 2nd quarter worth about $303,000. Manning & Napier Advisors LLC purchased a new position in Eaton during the second quarter worth approximately $27,000. Cullen Capital Management LLC acquired a new stake in Eaton in the second quarter valued at approximately $6,109,000. Finally, Dearborn Partners LLC purchased a new stake in shares of Eaton in the second quarter valued at approximately $1,028,000. 82.97% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other Eaton news, insider Heath B. Monesmith sold 18,036 shares of the company’s stock in a transaction 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 completion of the sale, the insider directly owned 50,368 shares in the company, valued at $23,070,558.72. This represents a 26.37% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Adam A. 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 value of $231,283.50. Following the transaction, the insider owned 1,054 shares in the company, valued at approximately $464,329.16. This represents a 33.25% decrease in their position. The disclosure for this sale is available in the SEC filing. 0.10% of the stock is currently owned by company insiders.

Analyst Ratings Changes

A number of research analysts have recently issued reports on the company. Wells Fargo & Company increased their target price on Eaton from $350.00 to $425.00 and gave the company an “equal weight” rating in a research report on Wednesday, May 6th. JPMorgan Chase & Co. increased their price objective on shares of Eaton from $406.00 to $445.00 and gave the company an “overweight” rating in a report on Wednesday, May 6th. Citigroup lifted their target price on shares of Eaton from $471.00 to $485.00 and gave the company a “buy” rating in a research report on Monday, August 3rd. Wall Street Zen cut shares of Eaton from a “buy” rating to a “hold” rating in a research note on Sunday, August 16th. Finally, Erste Group Bank initiated coverage on shares of Eaton in a research note on Tuesday, May 5th. They issued a “buy” rating on the stock. Three equities research analysts have rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and four have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $440.89.

View Our Latest Analysis on ETN

Eaton Price Performance

Eaton stock opened at $409.12 on Wednesday. The company has a fifty day simple moving average of $417.33 and a 200-day simple moving average of $396.98. The firm has a market capitalization of $158.90 billion, a price-to-earnings ratio of 41.62, a PEG ratio of 2.58 and a beta of 1.18. The company has a quick ratio of 0.79, a current ratio of 1.24 and a debt-to-equity ratio of 0.91. Eaton Corporation, PLC has a 52-week low of $311.92 and a 52-week high of $478.00.

Eaton (NYSE:ETN – Get Free Report) last posted its quarterly earnings results 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. Eaton had a net margin of 12.75% and a return on equity of 24.58%. The firm had revenue of $8.53 billion for the quarter, compared to the consensus estimate of $8.16 billion. During the same period last year, the firm posted $2.95 earnings per share. The company’s revenue for the quarter was up 21.4% on a year-over-year basis. 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, equities analysts anticipate that Eaton Corporation, PLC will post 13.55 EPS for the current fiscal year.

Eaton Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, August 28th. Investors of record on Friday, August 7th will be issued a $1.10 dividend. This represents a $4.40 annualized dividend and a dividend yield of 1.1%. The ex-dividend date of this dividend is Friday, August 7th. Eaton’s dividend payout ratio (DPR) is currently 44.76%.

Eaton Company Profile

(Free Report)

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.