Eaton Corporation, PLC $ETN Shares Acquired by Ascentis Independent Advisors

Ascentis Independent Advisors increased its stake in Eaton Corporation, PLC (NYSE:ETN) by 53.3% in the 1st quarter, HoldingsChannel reports. The fund owned 4,434 shares of the industrial products company’s stock after acquiring an additional 1,542 shares during the period. Ascentis Independent Advisors’ holdings in Eaton were worth $1,586,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. PFA Pension Forsikringsaktieselskab bought a new position in Eaton during the 4th quarter valued at $97,989,000. SG Americas Securities LLC lifted its holdings in shares of Eaton by 438.9% in the fourth 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 period. Clal Insurance Enterprises Holdings Ltd boosted its stake in Eaton by 239,384.8% during the fourth quarter. Clal Insurance Enterprises Holdings Ltd now owns 158,060 shares of the industrial products company’s stock valued at $50,344,000 after buying an additional 157,994 shares in the last quarter. Silvercrest Asset Management Group LLC boosted its stake in Eaton by 23.1% during the fourth quarter. Silvercrest Asset Management Group LLC now owns 310,859 shares of the industrial products company’s stock valued at $99,012,000 after buying an additional 58,281 shares in the last quarter. Finally, Boston Trust Walden Corp grew its holdings in Eaton by 1,560.4% during the first quarter. Boston Trust Walden Corp now owns 58,793 shares of the industrial products company’s stock worth $21,028,000 after acquiring an additional 55,252 shares during the period. Institutional investors own 82.97% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on the stock. JPMorgan Chase & Co. lifted their price objective on shares of Eaton from $406.00 to $445.00 and gave the stock an “overweight” rating in a research note on Wednesday, May 6th. Royal Bank Of Canada raised their target price on shares of Eaton from $457.00 to $484.00 and gave the stock an “outperform” rating in a report on Wednesday, May 6th. Weiss Ratings lowered shares of Eaton from a “buy (b)” rating to a “buy (b-)” rating in a research report on Monday, May 18th. Erste Group Bank assumed coverage on Eaton in a report on Tuesday, May 5th. They issued a “buy” rating on the stock. Finally, Jefferies Financial Group assumed coverage on Eaton in a research report on Monday, March 16th. They set a “buy” rating and a $430.00 price objective for the company. Two research analysts have rated the stock with a Strong Buy rating, fifteen have given a Buy rating and four have issued a Hold rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $420.95.

Insider Activity at Eaton

In other news, insider Heath B. Monesmith sold 18,367 shares of the firm’s stock in a transaction that occurred on Wednesday, May 6th. The shares were sold at an average price of $409.11, for a total transaction of $7,514,123.37. Following the completion of the sale, the insider owned 49,822 shares of the company’s stock, valued at approximately $20,382,678.42. This trade represents a 26.94% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Gerald Johnson acquired 746 shares of the business’s stock in a transaction on Friday, May 8th. The stock was acquired at an average price of $402.29 per share, with a total value of $300,108.34. Following the transaction, the director owned 1,414 shares in the company, valued at approximately $568,838.06. The trade was a 111.68% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Insiders sold 21,028 shares of company stock worth $8,614,793 in the last ninety days. Company insiders own 0.10% of the company’s stock.

Eaton Stock Performance

Shares of ETN opened at $413.31 on Tuesday. The firm has a market cap of $160.49 billion, a price-to-earnings ratio of 40.40, a price-to-earnings-growth ratio of 2.56 and a beta of 1.18. The company’s fifty day moving average is $406.20 and its 200-day moving average is $374.39. The company has a quick ratio of 0.75, a current ratio of 1.19 and a debt-to-equity ratio of 0.94. Eaton Corporation, PLC has a 12 month low of $311.92 and a 12 month high of $436.74.

Eaton (NYSE:ETN) last released 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. The company had revenue of $7.45 billion for the quarter, compared to analyst estimates of $7.14 billion. Eaton had a net margin of 13.99% and a return on equity of 24.72%. The company’s quarterly revenue was up 16.8% compared to the same quarter last year. During the same quarter last year, the firm posted $2.72 earnings per share. Eaton has set its Q2 2026 guidance at 3.000-3.100 EPS and its FY 2026 guidance at 13.050-13.500 EPS. Equities analysts expect that Eaton Corporation, PLC will post 13.33 EPS for the current fiscal year.

Eaton Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, May 29th. Shareholders of record on Friday, May 8th were issued a $1.10 dividend. This represents a $4.40 annualized dividend and a yield of 1.1%. The ex-dividend date of this dividend was Friday, May 8th. Eaton’s payout ratio is 43.01%.

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.