Strategic Advisors LLC lessened its holdings in shares of Eaton Corporation, PLC (NYSE:ETN – Free Report) by 26.0% in the second quarter, HoldingsChannel.com reports. The firm owned 15,269 shares of the industrial products company’s stock after selling 5,358 shares during the period. Eaton comprises 1.2% of Strategic Advisors LLC’s holdings, making the stock its 20th largest position. Strategic Advisors LLC’s holdings in Eaton were worth $6,506,000 as of its most recent SEC filing.
Other large investors have also recently made changes to their positions in the company. Wellington Management Group LLP grew its holdings in shares of Eaton by 19.6% during the second quarter. Wellington Management Group LLP now owns 6,827,266 shares of the industrial products company’s stock valued at $2,909,235,000 after buying an additional 1,120,567 shares during the last quarter. Williams Jones Wealth Management LLC. raised its holdings in shares of Eaton by 3.3% in the 3rd quarter. Williams Jones Wealth Management LLC. now owns 515,587 shares of the industrial products company’s stock worth $192,958,000 after acquiring an additional 16,422 shares during the last quarter. Clal Insurance Enterprises Holdings Ltd raised its holdings in shares of Eaton by 112.6% in the 1st quarter. Clal Insurance Enterprises Holdings Ltd now owns 336,060 shares of the industrial products company’s stock worth $120,199,000 after acquiring an additional 178,000 shares during the last quarter. Silvercrest Asset Management Group LLC lifted its position in Eaton by 23.1% in the 4th quarter. Silvercrest Asset Management Group LLC now owns 310,859 shares of the industrial products company’s stock valued at $99,012,000 after acquiring an additional 58,281 shares in the last quarter. Finally, Bartlett & CO. Wealth Management LLC boosted its stake in Eaton by 12.1% during the 1st quarter. Bartlett & CO. Wealth Management LLC now owns 266,845 shares of the industrial products company’s stock valued at $95,442,000 after purchasing an additional 28,815 shares during the last quarter. 82.97% of the stock is owned by institutional investors.
Analysts Set New Price Targets
A number of analysts have commented on the company. BMO Capital Markets boosted 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. Weiss Ratings lowered Eaton from a “buy (b-)” rating to a “hold (c+)” rating in a report on Thursday, August 13th. Royal Bank Of Canada lifted their target price on Eaton from $484.00 to $512.00 and gave the company an “outperform” rating in a research report on Monday, August 3rd. Sanford C. Bernstein reiterated an “outperform” rating on shares of Eaton in a report on Monday, August 3rd. Finally, Erste Group Bank began coverage on Eaton in a research note on Tuesday, May 5th. They set a “buy” rating on the stock. Three research analysts have rated the stock with a Strong Buy rating, thirteen have given a Buy rating and four have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $442.00.
Eaton Stock Down 0.1%
ETN stock opened at $402.56 on Monday. The stock has a market cap of $156.35 billion, a P/E ratio of 40.95, a P/E/G ratio of 2.54 and a beta of 1.18. The company has a current ratio of 1.24, a quick ratio of 0.79 and a debt-to-equity ratio of 0.91. The stock’s fifty day simple moving average is $417.02 and its two-hundred day simple moving average is $397.92. Eaton Corporation, PLC has a 1-year low of $311.92 and a 1-year high of $478.00.
Eaton (NYSE:ETN – Get Free Report) last announced its earnings results on Friday, July 31st. The industrial products company reported $3.15 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.08 by $0.07. The firm had revenue of $8.53 billion during the quarter, compared to analyst estimates of $8.16 billion. Eaton had a return on equity of 24.58% and a net margin of 12.75%.The business’s revenue was up 21.4% compared to the same quarter last year. During the same period last year, the firm posted $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. Analysts expect that Eaton Corporation, PLC will post 13.56 EPS for the current year.
Eaton Announces Dividend
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 $1.10 dividend. The ex-dividend date of this dividend was Friday, August 7th. This represents a $4.40 annualized dividend and a yield of 1.1%. Eaton’s payout ratio is currently 44.76%.
Insiders Place Their Bets
In related news, Director Gerald Johnson purchased 130 shares of the firm’s stock in a transaction dated Thursday, August 13th. The stock was bought at an average price of $455.90 per share, for a total transaction of $59,267.00. Following the purchase, the director directly owned 1,829 shares in the company, valued at approximately $833,841.10. This trade represents a 7.65% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Heath B. Monesmith sold 18,036 shares of Eaton stock in a transaction that occurred on Tuesday, August 11th. The stock was sold at an average price of $458.04, for a total transaction 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 trade represents a 26.37% decrease in their position. The SEC filing for this sale provides additional information. Insiders own 0.10% of the company’s stock.
Eaton 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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