North Star Asset Management Inc. Buys New Position in Eaton Corporation, PLC $ETN

North Star Asset Management Inc. acquired a new stake in shares of Eaton Corporation, PLC (NYSE:ETN) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 1,726 shares of the industrial products company’s stock, valued at approximately $735,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Manning & Napier Advisors LLC purchased a new position in Eaton during the 2nd quarter worth approximately $27,000. Hilton Head Capital Partners LLC purchased a new stake in shares of Eaton in the 4th quarter valued at $26,000. Sfam LLC acquired a new stake in shares of Eaton in the fourth quarter worth $27,000. Gunpowder Capital Management LLC dba Oliver Wealth Management purchased a new position in shares of Eaton during the fourth quarter worth $28,000. Finally, Boreal Capital Management LLC acquired a new position in Eaton during the first quarter valued at $33,000. 82.97% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Eaton

In related news, insider Heath B. Monesmith sold 18,036 shares of Eaton stock in a transaction that occurred on Tuesday, August 11th. The shares were sold at an average price of $458.04, for a total value of $8,261,209.44. Following the completion of the sale, the insider owned 50,368 shares in the company, valued at approximately $23,070,558.72. This trade represents a 26.37% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Gerald Johnson bought 130 shares of the business’s stock in a transaction on Thursday, August 13th. The stock was purchased at an average cost of $455.90 per share, for a total transaction of $59,267.00. Following the transaction, the director owned 1,829 shares of the company’s stock, valued at $833,841.10. This trade represents a 7.65% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. 0.10% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on the company. KeyCorp boosted their price objective on Eaton from $420.00 to $480.00 and gave the company an “overweight” rating in a report on Wednesday, May 6th. Erste Group Bank began coverage on Eaton in a report on Tuesday, May 5th. They set a “buy” rating on the stock. Sanford C. Bernstein reiterated an “outperform” rating on shares of Eaton in a research report on Monday, August 3rd. Barclays upped their price objective on Eaton from $340.00 to $392.00 and gave the stock an “equal weight” rating in a research report on Wednesday, May 6th. Finally, Wall Street Zen cut shares of Eaton from a “buy” rating to a “hold” rating in a research note on Sunday, August 16th. Three equities research analysts have rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and four have assigned a Hold rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $442.00.

Eaton Price Performance

Eaton stock opened at $402.56 on Friday. The company has a fifty day simple moving average of $417.02 and a 200-day simple moving average of $397.78. The firm has a market capitalization of $156.35 billion, a price-to-earnings ratio of 40.95, a PEG ratio of 2.63 and a beta of 1.18. The company has a quick ratio of 0.79, a current ratio of 1.24 and a debt-to-equity ratio of 0.91. Eaton Corporation, PLC has a 52-week low of $311.92 and a 52-week high of $478.00.

Eaton (NYSE:ETN) last issued its earnings results on Friday, July 31st. The industrial products company reported $3.15 earnings per share for the quarter, topping the consensus estimate of $3.08 by $0.07. The business had revenue of $8.53 billion for the quarter, compared to analysts’ expectations of $8.16 billion. Eaton had a return on equity of 24.58% and a net margin of 12.75%.The business’s revenue for the quarter was up 21.4% compared to the same quarter last year. During the same period in the previous year, the firm posted $2.95 EPS. 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 analysts anticipate that Eaton Corporation, PLC will post 13.55 EPS for the current fiscal year.

Eaton Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, August 28th. Stockholders of record on Friday, August 7th were issued a dividend of $1.10 per share. The ex-dividend date was Friday, August 7th. This represents a $4.40 dividend on an annualized basis and a dividend yield of 1.1%. Eaton’s dividend payout ratio 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.