5,844 Shares in Eaton Corporation, PLC $ETN Bought by Jones Financial Companies Lllp

Jones Financial Companies Lllp bought a new position in Eaton Corporation, PLC (NYSE:ETN) in the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor bought 5,844 shares of the industrial products company’s stock, valued at approximately $2,490,000.

Other hedge funds have also recently made changes to their positions in the company. Manning & Napier Advisors LLC acquired a new position in shares of Eaton in the second quarter valued at approximately $27,000. Hilton Head Capital Partners LLC bought a new stake in shares of Eaton in the fourth quarter worth $26,000. Sfam LLC acquired a new stake in Eaton in the fourth quarter valued at $27,000. Gunpowder Capital Management LLC dba Oliver Wealth Management acquired a new stake in Eaton in the fourth quarter valued at $28,000. Finally, Boreal Capital Management LLC bought a new position in Eaton during the 1st quarter worth $33,000. 82.97% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research firms have commented on ETN. Erste Group Bank assumed coverage on Eaton in a research report on Tuesday, May 5th. They issued a “buy” rating on the stock. Evercore raised shares of Eaton from an “in-line” rating to an “outperform” rating and set a $502.00 price objective on the stock in a research note on Monday, August 3rd. Wells Fargo & Company lifted their price objective on Eaton from $350.00 to $425.00 and gave the stock an “equal weight” rating in a research report on Wednesday, May 6th. KeyCorp raised their price target on shares of Eaton from $420.00 to $480.00 and gave the stock an “overweight” rating in a report on Wednesday, May 6th. Finally, Morgan Stanley reiterated an “overweight” rating and set a $500.00 price objective on shares of Eaton in a report on Sunday, May 10th. Two research analysts have rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and four have issued a Hold rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $440.89.

Insider Buying and Selling

In other Eaton news, insider Adam A. Wadecki sold 525 shares of the business’s stock in a transaction on Tuesday, August 4th. The stock was sold at an average price of $440.54, for a total value of $231,283.50. Following the sale, the insider directly owned 1,054 shares in the company, valued at $464,329.16. The trade was a 33.25% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Heath B. Monesmith sold 18,036 shares of the company’s stock in a transaction on Tuesday, August 11th. The shares were sold at an average price of $458.04, for a total value of $8,261,209.44. Following the transaction, the insider directly owned 50,368 shares in the company, valued at $23,070,558.72. This represents a 26.37% decrease in their position. The disclosure for this sale is available in the SEC filing. 0.10% of the stock is currently owned by insiders.

Eaton Stock Down 2.5%

Shares of NYSE:ETN opened at $408.59 on Tuesday. The company has a market capitalization of $158.70 billion, a PE ratio of 41.57, a price-to-earnings-growth ratio of 2.65 and a beta of 1.18. Eaton Corporation, PLC has a 1 year low of $311.92 and a 1 year high of $478.00. The company has a debt-to-equity ratio of 0.91, a current ratio of 1.24 and a quick ratio of 0.79. The business has a fifty day moving average price of $417.30 and a two-hundred day moving average price of $396.67.

Eaton (NYSE:ETN) last posted its quarterly earnings results on Friday, July 31st. The industrial products company reported $3.15 earnings per share for the quarter, beating the consensus estimate of $3.08 by $0.07. The company had revenue of $8.53 billion during the quarter, compared to analyst estimates of $8.16 billion. Eaton had a net margin of 12.75% and a return on equity of 24.58%. The firm’s revenue for the quarter was up 21.4% on a year-over-year basis. During the same quarter in the prior year, the business earned $2.95 earnings per share. 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 forecast that Eaton Corporation, PLC will post 13.55 earnings per share for the current year.

Eaton Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, August 28th. Stockholders of record on Friday, August 7th will be paid a dividend of $1.10 per share. The ex-dividend date is Friday, August 7th. This represents a $4.40 annualized dividend and a dividend yield of 1.1%. Eaton’s dividend payout ratio (DPR) is presently 44.76%.

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.