Odyssean LLC Has $1.51 Million Position in Eaton Corporation, PLC $ETN

Odyssean LLC lifted its holdings in Eaton Corporation, PLC (NYSE:ETN) by 164.0% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 3,551 shares of the industrial products company’s stock after acquiring an additional 2,206 shares during the period. Odyssean LLC’s holdings in Eaton were worth $1,513,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. North Star Investment Management Corp. increased its holdings in Eaton by 0.3% in the first quarter. North Star Investment Management Corp. now owns 8,101 shares of the industrial products company’s stock worth $2,897,000 after purchasing an additional 28 shares in the last quarter. Bogart Wealth LLC boosted its holdings in shares of Eaton by 1.3% during the 1st quarter. Bogart Wealth LLC now owns 2,184 shares of the industrial products company’s stock worth $781,000 after buying an additional 29 shares in the last quarter. Pring Turner Capital Group Inc. grew its position in shares of Eaton by 0.3% during the 4th quarter. Pring Turner Capital Group Inc. now owns 10,528 shares of the industrial products company’s stock worth $3,353,000 after buying an additional 30 shares during the period. Ellevest Inc. increased its stake in shares of Eaton by 2.5% in the 4th quarter. Ellevest Inc. now owns 1,281 shares of the industrial products company’s stock valued at $408,000 after acquiring an additional 31 shares in the last quarter. Finally, Douglass Winthrop Advisors LLC lifted its position in shares of Eaton by 1.2% during the 4th quarter. Douglass Winthrop Advisors LLC now owns 2,613 shares of the industrial products company’s stock valued at $832,000 after acquiring an additional 31 shares during the period. Institutional investors own 82.97% of the company’s stock.

Insider Activity

In other Eaton news, insider Adam A. Wadecki sold 525 shares of the firm’s stock in a transaction on Tuesday, August 4th. The stock was sold at an average price of $440.54, for a total transaction of $231,283.50. Following the transaction, the insider directly owned 1,054 shares in the company, valued at approximately $464,329.16. This trade represents a 33.25% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Heath B. Monesmith sold 18,036 shares of the company’s stock in a transaction on Tuesday, August 11th. The stock was sold at an average price of $458.04, for a total transaction of $8,261,209.44. Following the completion of the sale, the insider owned 50,368 shares of the company’s stock, valued at approximately $23,070,558.72. The trade was a 26.37% decrease in their position. The SEC filing for this sale provides additional information. Corporate insiders own 0.10% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on ETN shares. Wall Street Zen cut shares of Eaton from a “buy” rating to a “hold” rating in a report on Sunday, August 16th. Erste Group Bank initiated coverage on shares of Eaton in a report on Tuesday, May 5th. They set a “buy” rating on the stock. Citigroup raised their target price on Eaton from $471.00 to $485.00 and gave the company a “buy” rating in a research note on Monday, August 3rd. JPMorgan Chase & Co. upped their price target on Eaton from $406.00 to $445.00 and gave the stock an “overweight” rating in a research note on Wednesday, May 6th. Finally, Sanford C. Bernstein reissued an “outperform” rating on shares of Eaton in a research note on Monday, August 3rd. Three analysts have rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and four have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, Eaton has an average rating of “Moderate Buy” and an average price target of $440.89.

Eaton Stock Up 0.1%

Shares of NYSE ETN opened at $409.12 on Wednesday. The stock has a market capitalization of $158.90 billion, a P/E ratio of 41.62, a P/E/G ratio of 2.58 and a beta of 1.18. The company has a 50-day moving average price of $417.33 and a 200-day moving average price of $396.98. Eaton Corporation, PLC has a 1 year low of $311.92 and a 1 year high of $478.00. The company has a debt-to-equity ratio of 0.91, a current ratio of 1.24 and a quick ratio of 0.79.

Eaton (NYSE:ETN) last posted its earnings results on Friday, July 31st. The industrial products company reported $3.15 earnings per share for the quarter, topping analysts’ consensus estimates of $3.08 by $0.07. Eaton had a net margin of 12.75% and a return on equity of 24.58%. The company had revenue of $8.53 billion for the quarter, compared to analyst estimates of $8.16 billion. During the same quarter in the prior year, the business posted $2.95 EPS. The firm’s revenue was up 21.4% compared to the same quarter last year. Eaton has set its Q3 2026 guidance at 3.460-3.560 EPS and its FY 2026 guidance at 13.400-13.600 EPS. On average, equities research analysts forecast that Eaton Corporation, PLC will post 13.55 EPS for the current fiscal year.

Eaton Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, August 28th. Stockholders of record on Friday, August 7th will be issued a $1.10 dividend. This represents a $4.40 dividend on an annualized basis and a dividend yield of 1.1%. The ex-dividend date is Friday, August 7th. Eaton’s dividend payout ratio (DPR) is currently 44.76%.

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.