Icon Wealth Advisors LLC Boosts Position in Eaton Corporation, PLC $ETN

Icon Wealth Advisors LLC raised its stake in shares of Eaton Corporation, PLC (NYSE:ETN) by 17.5% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 16,733 shares of the industrial products company’s stock after buying an additional 2,490 shares during the quarter. Icon Wealth Advisors LLC’s holdings in Eaton were worth $5,380,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently modified their holdings of ETN. Hilton Head Capital Partners LLC purchased a new position in shares of Eaton during the fourth quarter worth about $26,000. Sfam LLC purchased a new position in shares of Eaton during the fourth quarter worth about $27,000. Eagle Bay Advisors LLC purchased a new position in shares of Eaton during the fourth quarter worth about $29,000. WFA of San Diego LLC purchased a new position in shares of Eaton during the second quarter worth about $36,000. Finally, Imprint Wealth LLC purchased a new position in shares of Eaton during the third quarter worth about $39,000. Hedge funds and other institutional investors own 82.97% of the company’s stock.

Eaton Stock Performance

Eaton stock opened at $391.75 on Friday. The firm has a fifty day simple moving average of $400.01 and a two-hundred day simple moving average of $366.55. The company has a quick ratio of 0.75, a current ratio of 1.19 and a debt-to-equity ratio of 0.94. Eaton Corporation, PLC has a twelve month low of $311.92 and a twelve month high of $435.43. The company has a market capitalization of $152.11 billion, a PE ratio of 38.29, a P/E/G ratio of 2.52 and a beta of 1.19.

Eaton (NYSE:ETN) last announced its quarterly earnings data on Tuesday, May 5th. The industrial products company reported $2.81 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.73 by $0.08. The firm had revenue of $7.45 billion for the quarter, compared to analysts’ expectations of $7.14 billion. Eaton had a return on equity of 24.72% and a net margin of 13.99%.The company’s revenue for the quarter was up 16.8% compared to the same quarter last year. During the same period last year, the firm earned $2.72 earnings per share. 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 expect that Eaton Corporation, PLC will post 13.32 EPS for the current year.

Eaton Announces Dividend

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

Key Stories Impacting Eaton

Here are the key news stories impacting Eaton this week:

• Positive Sentiment: Analysts and market commentary called the deal “transformative” for Dana and potentially value-enhancing for Eaton, with the combined business expected to generate about $250 million in run-rate synergies within 24 months. Dana’s Merger With Eaton Mobility Unit ‘Transformative,’ RBC Says
• Positive Sentiment: The transaction supports Eaton’s 2030 growth strategy by sharpening the company’s focus on electrical infrastructure and aerospace, two areas investors see as better positioned to benefit from data center and electrification demand. Eaton Advances 2030 Growth Strategy with Announcement to Combine Mobility Group with Dana Incorporated
• Positive Sentiment: Recent analyst updates remained constructive, with Erste Group Bank nudging up earnings estimates and keeping a Buy rating, reinforcing the view that Eaton’s core businesses still have solid earnings momentum. MarketBeat ETN coverage
• Neutral Sentiment: Some coverage focused on the stock’s recent volatility, noting ETN had fallen sharply over two days before the deal news drew fresh investor interest. Dana to combine with Eaton mobility unit in $5.1 billion deal

Wall Street Analyst Weigh In

Several research analysts have recently commented on ETN shares. Evercore set a $453.00 price objective on Eaton in a report on Monday, May 11th. Royal Bank Of Canada boosted their price objective on Eaton from $457.00 to $484.00 and gave the stock an “outperform” rating in a report on Wednesday, May 6th. Weiss Ratings lowered Eaton from a “buy (b)” rating to a “buy (b-)” rating in a report on Monday, May 18th. Morgan Stanley reissued an “overweight” rating and set a $500.00 price objective on shares of Eaton in a report on Sunday, May 10th. Finally, Jefferies Financial Group began coverage on Eaton in a report on Monday, March 16th. They set a “buy” rating and a $430.00 price objective for the company. 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. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $420.95.

Insiders Place Their Bets

In other Eaton news, insider Peter Denk sold 2,000 shares of Eaton stock in a transaction that occurred on Wednesday, May 6th. The stock was sold at an average price of $417.94, for a total value of $835,880.00. Following the transaction, the insider directly owned 7,102 shares of the company’s stock, valued at $2,968,209.88. The trade was a 21.97% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Dorothy C. Thompson sold 167 shares of Eaton stock in a transaction that occurred on Friday, May 22nd. The stock was sold at an average price of $385.00, for a total value of $64,295.00. Following the completion of the transaction, the director directly owned 1,096 shares in the company, valued at $421,960. This trade represents a 13.22% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders sold 21,028 shares of company stock worth $8,614,793. 0.10% of the stock is currently 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.