Waterloo Capital L.P. Lowers Stock Holdings in Eaton Corporation, PLC $ETN

Waterloo Capital L.P. trimmed its holdings in shares of Eaton Corporation, PLC (NYSE:ETN) by 55.8% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 3,126 shares of the industrial products company’s stock after selling 3,947 shares during the period. Waterloo Capital L.P.’s holdings in Eaton were worth $996,000 as of its most recent SEC filing.

Several other large investors have also recently made changes to their positions in the business. Fayez Sarofim & Co lifted its holdings in shares of Eaton by 3.4% during the third quarter. Fayez Sarofim & Co now owns 1,256,177 shares of the industrial products company’s stock valued at $474,444,000 after purchasing an additional 40,792 shares during the last quarter. Williams Jones Wealth Management LLC. raised its holdings in Eaton by 3.3% in the 3rd quarter. Williams Jones Wealth Management LLC. now owns 515,587 shares of the industrial products company’s stock worth $192,958,000 after acquiring an additional 16,422 shares during the last quarter. SG Americas Securities LLC raised its holdings in Eaton by 438.9% in the 4th quarter. SG Americas Securities LLC now owns 364,877 shares of the industrial products company’s stock worth $116,217,000 after acquiring an additional 297,166 shares during the last quarter. PFA Pension Forsikringsaktieselskab purchased a new position in Eaton in the 4th quarter worth approximately $97,989,000. Finally, Bartlett & CO. Wealth Management LLC raised its holdings in Eaton by 9.2% in the 4th quarter. Bartlett & CO. Wealth Management LLC now owns 238,030 shares of the industrial products company’s stock worth $75,815,000 after acquiring an additional 19,958 shares during the last quarter. 82.97% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In related news, insider Heath B. Monesmith sold 18,367 shares of the company’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 transaction, the insider owned 49,822 shares of the company’s stock, valued at approximately $20,382,678.42. This represents a 26.94% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Dorothy C. Thompson sold 167 shares of the company’s stock in a transaction on Friday, May 22nd. The stock was sold at an average price of $385.00, for a total transaction of $64,295.00. Following the completion of the transaction, the director directly owned 1,096 shares of the company’s stock, valued at $421,960. This represents a 13.22% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders have sold 21,028 shares of company stock worth $8,614,793. Company insiders own 0.10% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on ETN shares. KeyCorp boosted their price objective on shares of Eaton from $420.00 to $480.00 and gave the stock an “overweight” rating in a report on Wednesday, May 6th. Evercore set a $453.00 price objective on shares of Eaton in a report on Monday, May 11th. Citigroup boosted their price objective on shares of Eaton from $464.00 to $471.00 and gave the stock a “buy” rating in a report on Wednesday, May 6th. Royal Bank Of Canada boosted their price objective on shares of Eaton from $457.00 to $484.00 and gave the stock an “outperform” rating in a report on Wednesday, May 6th. Finally, Barclays boosted their price objective on shares of Eaton from $340.00 to $392.00 and gave the stock an “equal weight” rating in a report on Wednesday, May 6th. Two research analysts have rated the stock with a Strong Buy rating, fifteen have given a Buy rating and four have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $420.95.

Eaton Price Performance

Shares of ETN opened at $400.87 on Monday. The firm has a market cap of $155.66 billion, a PE ratio of 39.19, a P/E/G ratio of 2.58 and a beta of 1.20. The company has a current ratio of 1.19, a quick ratio of 0.75 and a debt-to-equity ratio of 0.94. The firm has a fifty day simple moving average of $391.70 and a two-hundred day simple moving average of $362.84. Eaton Corporation, PLC has a 1-year low of $311.90 and a 1-year high of $435.43.

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 net margin of 13.99% and a return on equity of 24.72%. The business had revenue of $7.45 billion during the quarter, compared to analyst estimates of $7.14 billion. During the same period in the previous year, the business earned $2.72 EPS. The company’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 analysts anticipate that Eaton Corporation, PLC will post 13.32 EPS for the current year.

Eaton Dividend Announcement

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

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.