North Dallas Bank & Trust Co. Buys New Stake in Eaton Corporation, PLC $ETN

North Dallas Bank & Trust Co. bought a new stake in Eaton Corporation, PLC (NYSE:ETN) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm bought 2,032 shares of the industrial products company’s stock, valued at approximately $647,000.

Several other institutional investors have also recently added to or reduced their stakes in the stock. Commonwealth Retirement Investments LLC purchased a new position in Eaton in the 4th quarter valued at approximately $155,000. 1776 Wealth LLC boosted its position in Eaton by 1.5% in the 4th quarter. 1776 Wealth LLC now owns 6,584 shares of the industrial products company’s stock valued at $2,097,000 after buying an additional 100 shares during the period. Hilton Head Capital Partners LLC purchased a new position in Eaton in the 4th quarter valued at approximately $26,000. Syon Capital LLC boosted its position in Eaton by 7.2% in the 4th quarter. Syon Capital LLC now owns 7,876 shares of the industrial products company’s stock valued at $2,509,000 after buying an additional 531 shares during the period. Finally, DB&C Advisors LLC purchased a new position in Eaton in the 4th quarter valued at approximately $1,408,000. Institutional investors and hedge funds own 82.97% of the company’s stock.

Eaton Price Performance

Eaton stock opened at $401.51 on Wednesday. The stock has a market cap of $155.91 billion, a P/E ratio of 39.25, a price-to-earnings-growth ratio of 2.59 and a beta of 1.19. The company has a fifty day simple moving average of $398.11 and a 200-day simple moving average of $365.60. Eaton Corporation, PLC has a 12-month low of $311.92 and a 12-month high of $435.43. The company has a current ratio of 1.19, a quick ratio of 0.75 and a debt-to-equity ratio of 0.94.

Eaton (NYSE:ETN) last announced its quarterly 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 net margin of 13.99% and a return on equity of 24.72%. The firm had revenue of $7.45 billion during the quarter, compared to analysts’ expectations of $7.14 billion. During the same period in the previous year, the company earned $2.72 earnings per share. Eaton’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. Equities analysts expect that Eaton Corporation, PLC will post 13.32 EPS for the current fiscal year.

Eaton Announces Dividend

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

Wall Street Analyst Weigh In

ETN has been the subject of several recent research reports. JPMorgan Chase & Co. raised 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. Jefferies Financial Group initiated coverage on shares of Eaton in a research report on Monday, March 16th. They issued a “buy” rating and a $430.00 price target for the company. Wells Fargo & Company raised 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. Evercore set a $453.00 price target on shares of Eaton in a research report on Monday, May 11th. Finally, Erste Group Bank initiated coverage on shares of Eaton in a research report on Tuesday, May 5th. They issued a “buy” rating for the company. Two analysts have rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating and four have assigned a Hold rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $420.95.

Insider Transactions at Eaton

In related news, insider Heath B. Monesmith sold 18,367 shares of the business’s stock in a transaction on Wednesday, May 6th. The shares were sold at an average price of $409.11, for a total value of $7,514,123.37. Following the completion of the sale, the insider directly owned 49,822 shares of the company’s stock, valued at $20,382,678.42. The trade was a 26.94% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Dorothy C. Thompson sold 167 shares of Eaton stock in a transaction 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 completion of the transaction, the director owned 1,096 shares in the company, valued at approximately $421,960. This represents a 13.22% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 21,028 shares of company stock valued at $8,614,793 over the last quarter. 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.