Eaton (NYSE:ETN) Insider Peter Denk Sells 2,000 Shares

Eaton Corporation, PLC (NYSE:ETN) insider Peter Denk sold 2,000 shares of the firm’s stock in a transaction dated Wednesday, May 6th. The stock was sold at an average price of $417.94, for a total value of $835,880.00. Following the sale, the insider directly owned 7,102 shares of the company’s stock, valued at $2,968,209.88. This trade represents a 21.97% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.

Eaton Stock Up 0.5%

Shares of ETN traded up $1.92 during midday trading on Friday, reaching $401.07. 2,386,089 shares of the stock were exchanged, compared to its average volume of 2,818,821. Eaton Corporation, PLC has a 12-month low of $306.77 and a 12-month high of $435.43. The firm has a 50 day simple moving average of $380.26 and a 200-day simple moving average of $360.75. The company has a quick ratio of 0.81, a current ratio of 1.19 and a debt-to-equity ratio of 0.94. The company has a market cap of $155.73 billion, a price-to-earnings ratio of 39.21, a P/E/G ratio of 2.90 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 earnings per share for the quarter, topping 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 the consensus estimate of $7.14 billion. During the same period last year, the business earned $2.72 EPS. The business’s quarterly revenue 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. Research analysts forecast that Eaton Corporation, PLC will post 13.31 EPS for the current year.

Eaton Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, May 29th. Stockholders of record on Friday, May 8th will be issued a dividend of $1.10 per share. 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 currently 43.01%.

Analyst Upgrades and Downgrades

A number of research analysts have recently weighed in on ETN shares. Erste Group Bank started coverage on shares of Eaton in a report on Tuesday. They set a “buy” rating on the stock. Weiss Ratings upgraded shares of Eaton from a “buy (b-)” rating to a “buy (b)” rating in a report on Monday. Morgan Stanley reissued an “overweight” rating and issued a $425.00 price objective on shares of Eaton in a research note on Wednesday, February 4th. Barclays raised their price objective on Eaton from $340.00 to $392.00 and gave the company an “equal weight” rating in a research note on Wednesday. Finally, KeyCorp raised their price objective on Eaton from $420.00 to $480.00 and gave the company an “overweight” rating in a research note on Wednesday. Two equities research analysts have rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating and five have issued a Hold rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $412.00.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the company. Brighton Jones LLC increased its position in Eaton by 1.4% in the 4th quarter. Brighton Jones LLC now owns 3,341 shares of the industrial products company’s stock worth $1,109,000 after buying an additional 45 shares during the period. Revolve Wealth Partners LLC increased its position in Eaton by 17.5% in the 4th quarter. Revolve Wealth Partners LLC now owns 913 shares of the industrial products company’s stock worth $303,000 after buying an additional 136 shares during the period. Empowered Funds LLC increased its position in Eaton by 5.6% in the 1st quarter. Empowered Funds LLC now owns 9,402 shares of the industrial products company’s stock worth $2,556,000 after buying an additional 496 shares during the period. Vista Capital Partners Inc. bought a new position in Eaton in the 2nd quarter worth approximately $259,000. Finally, Tandem Wealth Advisors LLC increased its position in Eaton by 70.1% in the 2nd quarter. Tandem Wealth Advisors LLC now owns 2,216 shares of the industrial products company’s stock worth $791,000 after buying an additional 913 shares during the period. Institutional investors own 82.97% of the company’s stock.

About Eaton

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.