Bearing Point Capital LLC Grows Stock Holdings in Eaton Corporation, PLC $ETN

Bearing Point Capital LLC lifted its stake in shares of Eaton Corporation, PLC (NYSE:ETN) by 12.1% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 21,418 shares of the industrial products company’s stock after buying an additional 2,311 shares during the quarter. Bearing Point Capital LLC’s holdings in Eaton were worth $6,822,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors also recently modified their holdings of the company. Eagle Bay Advisors LLC purchased a new position in shares of Eaton during the fourth quarter valued at about $29,000. WFA of San Diego LLC purchased a new position in shares of Eaton during the second quarter valued at about $36,000. Imprint Wealth LLC purchased a new position in shares of Eaton during the third quarter valued at about $39,000. Redmont Wealth Advisors LLC purchased a new position in shares of Eaton during the third quarter valued at about $40,000. Finally, Ares Financial Consulting LLC purchased a new position in shares of Eaton during the fourth quarter valued at about $42,000. Hedge funds and other institutional investors own 82.97% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on ETN shares. JPMorgan Chase & Co. boosted their price target on shares of Eaton from $406.00 to $445.00 and gave the company an “overweight” rating in a research report on Wednesday, May 6th. Barclays boosted their price target on shares of Eaton from $340.00 to $392.00 and gave the company an “equal weight” rating in a research report on Wednesday, May 6th. Weiss Ratings cut shares of Eaton from a “buy (b)” rating to a “buy (b-)” rating in a research report on Monday, May 18th. Wells Fargo & Company boosted their price target on shares of Eaton from $350.00 to $425.00 and gave the company an “equal weight” rating in a research report on Wednesday, May 6th. Finally, BMO Capital Markets initiated coverage on shares of Eaton in a research report on Friday, March 27th. They set an “outperform” rating and a $428.00 price target on the stock. Two research analysts have rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating and four have given a Hold rating to the stock. Based on data from MarketBeat, Eaton has an average rating of “Moderate Buy” and an average target price of $420.95.

Insider Activity at Eaton

In related news, insider Antonio Galvao sold 494 shares of the stock in a transaction that occurred on Wednesday, May 13th. The shares were sold at an average price of $405.86, for a total transaction of $200,494.84. Following the transaction, the insider owned 9,175 shares in the company, valued at $3,723,765.50. This represents a 5.11% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Dorothy C. Thompson sold 167 shares of the stock in a transaction that occurred on Friday, May 22nd. The shares were sold at an average price of $385.00, for a total transaction of $64,295.00. Following the transaction, the director owned 1,096 shares in the company, valued at approximately $421,960. This trade represents a 13.22% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 21,028 shares of company stock valued at $8,614,793 over the last quarter. 0.10% of the stock is owned by company insiders.

Eaton Trading Down 0.3%

NYSE:ETN opened at $400.87 on Friday. The company’s 50 day moving average price is $391.70 and its 200-day moving average price is $362.96. Eaton Corporation, PLC has a 52 week low of $311.90 and a 52 week high of $435.43. The company has a quick ratio of 0.75, a current ratio of 1.19 and a debt-to-equity ratio of 0.94. The stock has a market cap of $155.66 billion, a price-to-earnings ratio of 39.19, a PEG ratio of 2.58 and a beta of 1.24.

Eaton (NYSE:ETN) last posted its quarterly earnings results on Tuesday, May 5th. The industrial products company reported $2.81 EPS for the quarter, beating analysts’ consensus estimates of $2.73 by $0.08. Eaton had a net margin of 13.99% and a return on equity of 24.72%. The firm had revenue of $7.45 billion for the quarter, compared to analysts’ expectations of $7.14 billion. During the same quarter in the prior year, the company posted $2.72 earnings per share. The business’s revenue for the quarter was up 16.8% on a year-over-year basis. 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, equities research analysts forecast that Eaton Corporation, PLC will post 13.32 earnings per share for the current fiscal year.

Eaton Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, May 29th. Investors of record on Friday, May 8th were given a dividend of $1.10 per share. The ex-dividend date was Friday, May 8th. This represents a $4.40 dividend on an annualized basis and a yield of 1.1%. Eaton’s dividend payout ratio is 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.