Beese Fulmer Investment Management Inc. Has $16.55 Million Stake in Eaton Corporation, PLC $ETN

Beese Fulmer Investment Management Inc. grew its holdings in Eaton Corporation, PLC (NYSE:ETN) by 3.9% during the fourth quarter, Holdings Channel.com reports. The firm owned 51,967 shares of the industrial products company’s stock after buying an additional 1,962 shares during the period. Beese Fulmer Investment Management Inc.’s holdings in Eaton were worth $16,552,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in ETN. Eagle Bay Advisors LLC acquired a new position in Eaton in the fourth quarter worth approximately $29,000. WFA of San Diego LLC acquired a new position in Eaton in the second quarter worth approximately $36,000. Imprint Wealth LLC acquired a new position in Eaton in the third quarter worth approximately $39,000. Redmont Wealth Advisors LLC acquired a new position in Eaton in the third quarter worth approximately $40,000. Finally, Ares Financial Consulting LLC acquired a new position in Eaton in the fourth quarter worth approximately $42,000. Institutional investors and hedge funds own 82.97% of the company’s stock.

Eaton Stock Performance

Shares of NYSE:ETN opened at $400.02 on Friday. Eaton Corporation, PLC has a twelve month low of $311.90 and a twelve month high of $435.43. The firm has a market cap of $155.33 billion, a PE ratio of 39.10, a price-to-earnings-growth ratio of 2.57 and a beta of 1.24. The company has a debt-to-equity ratio of 0.94, a quick ratio of 0.75 and a current ratio of 1.19. The business has a fifty day moving average of $384.79 and a 200-day moving average of $362.26.

Eaton (NYSE:ETN) last announced its earnings results on Tuesday, May 5th. The industrial products company reported $2.81 earnings per share for the quarter, beating analysts’ consensus estimates 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 during the quarter, compared to analyst estimates of $7.14 billion. During the same period last year, the company posted $2.72 earnings per share. The firm’s quarterly 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, equities research analysts predict that Eaton Corporation, PLC will post 13.33 EPS for the current fiscal year.

Eaton Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, May 29th. Stockholders of record on Friday, May 8th will be paid a $1.10 dividend. The ex-dividend date is Friday, May 8th. This represents a $4.40 dividend on an annualized basis and a dividend yield of 1.1%. Eaton’s dividend payout ratio (DPR) is 43.01%.

Analyst Ratings Changes

A number of equities analysts recently commented on ETN shares. BMO Capital Markets started coverage on Eaton in a report on Friday, March 27th. They issued an “outperform” rating and a $428.00 price objective on the stock. Jefferies Financial Group started coverage on Eaton in a report on Monday, March 16th. They issued a “buy” rating and a $430.00 price objective on the stock. Sanford C. Bernstein restated an “outperform” rating on shares of Eaton in a report on Tuesday, January 27th. Wells Fargo & Company increased their price objective on Eaton from $350.00 to $425.00 and gave the stock an “equal weight” rating in a report on Wednesday, May 6th. Finally, JPMorgan Chase & Co. lifted their price objective on Eaton from $406.00 to $445.00 and gave the company an “overweight” rating in a report 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 given a Hold rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $420.95.

Insiders Place Their Bets

In other news, insider Antonio Galvao sold 494 shares of the firm’s stock in a transaction on Wednesday, May 13th. The stock was sold at an average price of $405.86, for a total value of $200,494.84. Following the completion of the sale, the insider directly owned 9,175 shares in the company, valued at approximately $3,723,765.50. This trade represents a 5.11% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, Director Gerald Johnson bought 215 shares of the stock in a transaction dated Monday, May 11th. The stock was acquired at an average price of $419.02 per share, with a total value of $90,089.30. Following the completion of the purchase, the director owned 1,629 shares of the company’s stock, valued at $682,583.58. This represents a 15.21% increase in their position. The disclosure for this purchase is available in the SEC filing. In the last three months, insiders have sold 20,861 shares of company stock valued at $8,550,498. 0.10% of the stock is owned by corporate insiders.

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.