4,688 Shares in Eaton Corporation, PLC $ETN Bought by Dearborn Partners LLC

Dearborn Partners LLC bought a new stake in Eaton Corporation, PLC (NYSE:ETN) during the 2nd quarter, HoldingsChannel reports. The fund bought 4,688 shares of the industrial products company’s stock, valued at approximately $1,998,000.

Several other large investors have also recently added to or reduced their stakes in ETN. Clal Insurance Enterprises Holdings Ltd increased its holdings in shares of Eaton by 239,384.8% in the 4th quarter. Clal Insurance Enterprises Holdings Ltd now owns 158,060 shares of the industrial products company’s stock valued at $50,344,000 after purchasing an additional 157,994 shares in the last quarter. Pioneer Trust Bank N A OR boosted its holdings in Eaton by 669.1% during the fourth quarter. Pioneer Trust Bank N A OR now owns 6,230 shares of the industrial products company’s stock worth $1,984,000 after buying an additional 5,420 shares in the last quarter. Burling Wealth Partners LLC grew its position in Eaton by 63.0% during the fourth quarter. Burling Wealth Partners LLC now owns 11,296 shares of the industrial products company’s stock worth $3,598,000 after buying an additional 4,366 shares during the period. Entropy Technologies LP purchased a new position in Eaton in the fourth quarter valued at about $14,786,000. Finally, S&CO Inc. acquired a new stake in shares of Eaton during the 2nd quarter valued at approximately $3,824,000. 82.97% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Eaton

In other Eaton news, insider Adam A. Wadecki sold 525 shares of the business’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 completion of the transaction, the insider owned 1,054 shares in the company, valued at approximately $464,329.16. The trade was a 33.25% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Heath B. Monesmith sold 18,036 shares of the company’s stock in a transaction dated 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 directly owned 50,368 shares of the company’s stock, valued at $23,070,558.72. The trade was a 26.37% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders own 0.10% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on ETN shares. Morgan Stanley reaffirmed an “overweight” rating and set a $500.00 price objective on shares of Eaton in a report on Sunday, May 10th. Robert W. Baird set a $500.00 price target on Eaton and gave the company an “outperform” rating in a research report on Thursday, August 20th. Sanford C. Bernstein reaffirmed an “outperform” rating on shares of Eaton in a research note on Monday, August 3rd. Citigroup boosted their price objective on shares of Eaton from $471.00 to $485.00 and gave the stock a “buy” rating in a research report on Monday, August 3rd. Finally, Wells Fargo & Company increased their price objective on shares of Eaton from $350.00 to $425.00 and gave the company an “equal weight” rating in a research note on Wednesday, May 6th. Three analysts have rated the stock with a Strong Buy rating, thirteen have given a Buy rating and four have given a Hold rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $440.89.

Eaton Stock Performance

Eaton stock opened at $416.07 on Friday. The stock’s 50-day moving average is $417.41 and its 200-day moving average is $397.74. The company has a market cap of $161.60 billion, a price-to-earnings ratio of 42.33, a price-to-earnings-growth ratio of 2.65 and a beta of 1.18. 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 Corporation, PLC has a 12 month low of $311.92 and a 12 month high of $478.00.

Eaton (NYSE:ETN) last released its quarterly earnings results on Friday, July 31st. The industrial products company reported $3.15 EPS for the quarter, topping the consensus estimate of $3.08 by $0.07. Eaton had a return on equity of 24.58% and a net margin of 12.75%.The firm had revenue of $8.53 billion for the quarter, compared to analyst estimates of $8.16 billion. During the same period in the previous year, the company posted $2.95 EPS. Eaton’s revenue for the quarter was up 21.4% on a year-over-year basis. Eaton has set its Q3 2026 guidance at 3.460-3.560 EPS and its FY 2026 guidance at 13.400-13.600 EPS. Equities analysts anticipate that Eaton Corporation, PLC will post 13.55 earnings per share for the current 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 dividend of $1.10 per share. The ex-dividend date of this dividend is Friday, August 7th. This represents a $4.40 annualized dividend and a dividend yield of 1.1%. Eaton’s dividend payout ratio is 44.76%.

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.