SVB Wealth LLC Sells 2,077 Shares of Eaton Corporation, PLC $ETN

SVB Wealth LLC lowered its position in Eaton Corporation, PLC (NYSE:ETN) by 7.1% in the 1st quarter, according to the company in its most recent filing with the SEC. The fund owned 27,166 shares of the industrial products company’s stock after selling 2,077 shares during the quarter. SVB Wealth LLC’s holdings in Eaton were worth $9,717,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in the business. Hilton Head Capital Partners LLC bought a new position in Eaton during the fourth quarter worth about $26,000. Sfam LLC bought a new stake in shares of Eaton in the fourth quarter valued at approximately $27,000. Gunpowder Capital Management LLC dba Oliver Wealth Management purchased a new stake in shares of Eaton during the 4th quarter valued at approximately $28,000. Eagle Bay Advisors LLC purchased a new stake in shares of Eaton during the 4th quarter valued at approximately $29,000. Finally, WFA of San Diego LLC bought a new position in Eaton in the 2nd quarter worth approximately $36,000. 82.97% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Eaton

In other news, insider Heath B. Monesmith sold 18,367 shares of Eaton stock in a transaction dated Wednesday, May 6th. The stock was sold at an average price of $409.11, for a total transaction of $7,514,123.37. Following the completion of the sale, the insider owned 49,822 shares in the company, valued at approximately $20,382,678.42. This trade represents a 26.94% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Gerald Johnson acquired 215 shares of the firm’s stock in a transaction that occurred on Monday, May 11th. The stock was bought at an average price of $419.02 per share, for a total transaction of $90,089.30. Following the completion of the transaction, the director owned 1,629 shares of the company’s stock, valued at $682,583.58. The trade was a 15.21% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Over the last quarter, insiders have sold 21,028 shares of company stock worth $8,614,793. 0.10% of the stock is owned by insiders.

More Eaton News

Here are the key news stories impacting Eaton this week:

• Positive Sentiment: ETN is being highlighted as a beneficiary of the AI power crisis, with data centers straining the U.S. grid and boosting interest in companies that provide electrical infrastructure and power-management equipment. 5 Stocks Solving the AI Power Crisis (ETN)
• Positive Sentiment: Analysts now show a consensus recommendation of “Moderate Buy” on Eaton, which can help support investor confidence in the stock. Eaton Corporation, PLC (NYSE:ETN) Receives Consensus Recommendation of “Moderate Buy” from Analysts
• Positive Sentiment: Coverage also points to Eaton as a key grid-upgrade story, reinforcing the view that its products should benefit from rising utility and infrastructure spending. Why Eaton (NYSE:ETN) Is Emerging As A Key Grid Upgrade Story?
• Neutral Sentiment: One article notes ETN shares have already climbed near the top of their 52-week range, which suggests the market has been pricing in strong fundamentals but may also raise valuation sensitivity. A Look at Eaton Corp PLC (ETN) After 3.3% Gain — GF Value $386.36 vs Price $435.78
• Neutral Sentiment: A reported plan to merge Eaton’s mobility business with Dana is strategically notable, but the articles provided do not give enough financial detail to judge the near-term stock impact. Eaton Corporation to Merge Mobility Business with Dana

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on ETN shares. Citigroup boosted their target price on shares of Eaton from $464.00 to $471.00 and gave the company a “buy” rating in a report on Wednesday, May 6th. JPMorgan Chase & Co. raised their price target on Eaton from $406.00 to $445.00 and gave the stock an “overweight” rating in a report on Wednesday, May 6th. Morgan Stanley reiterated an “overweight” rating and issued a $500.00 price target on shares of Eaton in a research report on Sunday, May 10th. BMO Capital Markets initiated coverage on Eaton in a research note on Friday, March 27th. They set an “outperform” rating and a $428.00 price objective on the stock. Finally, Barclays raised their target price on Eaton from $340.00 to $392.00 and gave the stock an “equal weight” rating in a research note 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. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $420.95.

Eaton Stock Performance

NYSE ETN opened at $436.14 on Tuesday. The company’s 50 day simple moving average is $405.30 and its two-hundred day simple moving average is $370.08. The company has a debt-to-equity ratio of 0.94, a current ratio of 1.19 and a quick ratio of 0.75. Eaton Corporation, PLC has a 1 year low of $311.92 and a 1 year high of $436.74. The stock has a market capitalization of $169.35 billion, a PE ratio of 42.63, a P/E/G ratio of 2.71 and a beta of 1.20.

Eaton (NYSE:ETN) last released its quarterly earnings results on Tuesday, May 5th. The industrial products company reported $2.81 EPS 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 analyst estimates of $7.14 billion. During the same period in the previous year, the business earned $2.72 EPS. The business’s revenue for the quarter 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. Analysts predict that Eaton Corporation, PLC will post 13.32 earnings per share for the current fiscal year.

Eaton Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, May 29th. Shareholders of record on Friday, May 8th were paid a $1.10 dividend. This represents a $4.40 dividend on an annualized basis and a yield of 1.0%. The ex-dividend date was Friday, May 8th. Eaton’s dividend payout ratio is currently 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.