Waterway Wealth Management LLC Has $1.89 Million Holdings in Eaton Corporation, PLC $ETN

Waterway Wealth Management LLC decreased its position in shares of Eaton Corporation, PLC (NYSE:ETN) by 31.8% in the 1st quarter, HoldingsChannel reports. The firm owned 5,286 shares of the industrial products company’s stock after selling 2,464 shares during the quarter. Eaton accounts for 0.3% of Waterway Wealth Management LLC’s portfolio, making the stock its 26th largest holding. Waterway Wealth Management LLC’s holdings in Eaton were worth $1,891,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. Davidson Trust Co. increased its stake in Eaton by 8.8% in the first quarter. Davidson Trust Co. now owns 960 shares of the industrial products company’s stock valued at $343,000 after acquiring an additional 78 shares during the last quarter. Cottage Street Advisors LLC bought a new stake in Eaton during the first quarter worth $213,000. Brian Low Financial Group LLC acquired a new stake in shares of Eaton in the 1st quarter valued at $226,000. Fifth Third Wealth Advisors LLC increased its stake in shares of Eaton by 4.2% in the 1st quarter. Fifth Third Wealth Advisors LLC now owns 32,425 shares of the industrial products company’s stock valued at $11,597,000 after purchasing an additional 1,316 shares during the last quarter. Finally, Mainstream Capital Management LLC raised its holdings in shares of Eaton by 7.3% during the 1st quarter. Mainstream Capital Management LLC now owns 3,430 shares of the industrial products company’s stock worth $1,227,000 after buying an additional 232 shares in the last quarter. 82.97% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several analysts recently weighed in on the company. Evercore set a $453.00 price objective on Eaton in a research note on Monday, May 11th. KeyCorp increased their target price on shares of Eaton from $420.00 to $480.00 and gave the stock an “overweight” rating in a report on Wednesday, May 6th. Royal Bank Of Canada raised their price target on shares of Eaton from $457.00 to $484.00 and gave the company an “outperform” rating in a research note on Wednesday, May 6th. Morgan Stanley reiterated an “overweight” rating and set a $500.00 price objective on shares of Eaton in a research report on Sunday, May 10th. Finally, Weiss Ratings lowered shares of Eaton from a “buy (b)” rating to a “buy (b-)” rating in a research report on Monday, May 18th. Two equities research analysts have rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating and four have assigned a Hold rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $420.95.

Eaton Stock Performance

NYSE:ETN opened at $419.37 on Friday. The stock’s 50-day moving average is $405.77 and its 200-day moving average is $371.62. Eaton Corporation, PLC has a 1-year low of $311.92 and a 1-year high of $436.74. 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 stock has a market cap of $162.84 billion, a P/E ratio of 40.99, a price-to-earnings-growth ratio of 2.60 and a beta of 1.19.

Eaton (NYSE:ETN) last issued 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. 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 quarter last year, the business earned $2.72 EPS. The firm’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. Equities research analysts anticipate that Eaton Corporation, PLC will post 13.33 earnings per share for the current year.

Eaton Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, May 29th. Investors of record on Friday, May 8th were issued 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 presently 43.01%.

Insider Buying and Selling at Eaton

In related news, insider Heath B. Monesmith sold 18,367 shares of Eaton stock in a transaction that occurred on Wednesday, May 6th. The stock was sold at an average price of $409.11, for a total value of $7,514,123.37. Following the transaction, the insider directly owned 49,822 shares of the company’s stock, valued at $20,382,678.42. The trade was a 26.94% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Peter Denk sold 2,000 shares of the stock in a transaction that occurred on Wednesday, May 6th. The shares were sold at an average price of $417.94, for a total transaction 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 represents a 21.97% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 21,028 shares of company stock worth $8,614,793 over the last 90 days. Company insiders own 0.10% of the company’s stock.

Eaton News Roundup

Here are the key news stories impacting Eaton this week:

• Positive Sentiment: Eaton’s latest quarterly update showed record sales, strong organic growth, and a raised full-year organic growth outlook, reinforcing the view that demand remains robust across its electrical and aerospace businesses. Eaton reports record first quarter 2026 results
• Positive Sentiment: Electrical Americas orders accelerated sharply and backlog stayed elevated, suggesting sustained strength in power infrastructure demand and supporting the stock’s rerating. Eaton reports record first quarter 2026 results
• Positive Sentiment: Management’s plan to separate and combine the Mobility business with Dana is being viewed as a portfolio streamlining move that leaves Eaton more focused on faster-growing electrical and aerospace end markets. Eaton advances 2030 growth strategy announcement combine mobility group Dana
• Positive Sentiment: Recent acquisitions, including Boyd Thermal, deepen Eaton’s data-center and liquid-cooling exposure, which investors see as a beneficiary of AI-related power and cooling infrastructure spending. Eaton completes acquisition of leading liquid cooling solutions provider Boyd Thermal
• Positive Sentiment: Zacks Research raised multiple forward EPS estimates for Eaton, reflecting improving earnings expectations and adding to the bullish analyst backdrop.
• Neutral Sentiment: Insider trading data shows recent selling by several executives, but the activity appears limited and is outweighed by the stronger operating and strategic news flow.

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.