Rep. Kevin Hern Sells Off Shares of Eaton Corporation, PLC (NYSE:ETN)

Representative Kevin Hern (Republican-Oklahoma) recently sold shares of Eaton Corporation, PLC (NYSE:ETN). In a filing disclosed on September 25th, the Representative disclosed that they had sold between $1,001 and $15,000 in Eaton stock on September 10th. The trade occurred in the Representative’s “KEVIN HERN TRADITIONAL IRA” account.

Representative Kevin Hern also recently made the following trade(s):

• Sold $15,001 – $50,000 in shares of CenterPoint Energy (NYSE:CNP) on 9/15/2026.
• Sold $1,001 – $15,000 in shares of TJX Companies (NYSE:TJX) on 9/15/2026.
• Sold $15,001 – $50,000 in shares of STERIS (NYSE:STE) on 9/15/2026.
• Sold $1,001 – $15,000 in shares of Seagate Technology (NASDAQ:STX) on 9/15/2026.
• Sold $15,001 – $50,000 in shares of NextEra Energy (NYSE:NEE) on 9/14/2026.
• Sold $1,001 – $15,000 in shares of Marsh & McLennan Companies (NYSE:MRSH) on 9/14/2026.
• Sold $15,001 – $50,000 in shares of IQVIA (NYSE:IQV) on 9/14/2026.
• Sold $15,001 – $50,000 in shares of Home Depot (NYSE:HD) on 9/14/2026.
• Sold $1,001 – $15,000 in shares of Home Depot (NYSE:HD) on 9/14/2026.
• Sold $15,001 – $50,000 in shares of Emerson Electric (NYSE:EMR) on 9/14/2026.

Eaton Trading Up 0.4%

Eaton stock traded up $1.91 during midday trading on Tuesday, reaching $433.32. 476,346 shares of the stock traded hands, compared to its average volume of 2,535,955. The company has a current ratio of 1.24, a quick ratio of 0.79 and a debt-to-equity ratio of 0.91. The firm has a market cap of $168.30 billion, a PE ratio of 44.07, a price-to-earnings-growth ratio of 2.67 and a beta of 1.17. The company has a 50-day simple moving average of $420.06 and a two-hundred day simple moving average of $404.18. Eaton Corporation, PLC has a 12-month low of $311.92 and a 12-month high of $478.00.

Eaton (NYSE:ETN) last issued its quarterly earnings results on Friday, July 31st. The industrial products company reported $3.15 earnings per share (EPS) 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 net margin of 12.75% and a return on equity of 24.58%. The business’s quarterly revenue was up 21.4% on a year-over-year basis. During the same quarter in the prior year, the company earned $2.95 earnings per share. Eaton has set its Q3 2026 guidance at 3.460-3.560 EPS and its FY 2026 guidance at 13.400-13.600 EPS. Research analysts expect that Eaton Corporation, PLC will post 13.56 earnings per share for the current fiscal year.

Eaton Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, August 28th. Investors of record on Friday, August 7th were paid a dividend of $1.10 per share. The ex-dividend date of this dividend was Friday, August 7th. This represents a $4.40 annualized dividend and a yield of 1.0%. Eaton’s dividend payout ratio is presently 44.76%.

Institutional Trading of Eaton

A number of large investors have recently made changes to their positions in the company. North Star Investment Management Corp. raised its stake 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 valued at $2,897,000 after buying an additional 28 shares in the last quarter. Bogart Wealth LLC lifted its position in Eaton by 1.3% in the first quarter. Bogart Wealth LLC now owns 2,184 shares of the industrial products company’s stock valued at $781,000 after acquiring an additional 29 shares during the last quarter. Pring Turner Capital Group Inc. lifted its holdings in shares of Eaton by 0.3% in the 4th quarter. Pring Turner Capital Group Inc. now owns 10,528 shares of the industrial products company’s stock valued at $3,353,000 after purchasing an additional 30 shares during the last quarter. Ellevest Inc. boosted its holdings in shares of Eaton by 2.5% in the fourth 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 during the period. Finally, Tanager Wealth Management LLP boosted its stake in Eaton by 5.4% during the 2nd quarter. Tanager Wealth Management LLP now owns 606 shares of the industrial products company’s stock worth $258,000 after purchasing an additional 31 shares during the period. 82.97% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on ETN shares. Robert W. Baird set a $500.00 price target on shares of Eaton and gave the company an “outperform” rating in a research report on Thursday, August 20th. Citigroup increased their price objective on Eaton from $471.00 to $485.00 and gave the company a “buy” rating in a research note on Monday, August 3rd. Evercore raised Eaton from an “in-line” rating to an “outperform” rating and set a $502.00 target price for the company in a research note on Monday, August 3rd. UBS Group upgraded Eaton from a “neutral” rating to a “buy” rating and upped their price target for the stock from $450.00 to $515.00 in a report on Monday, September 7th. Finally, Sanford C. Bernstein reissued an “outperform” rating on shares of Eaton in a research report on Monday, August 3rd. Two investment analysts have rated the stock with a Strong Buy rating, fifteen have given a Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Buy” and an average target price of $456.50.

Insiders Place Their Bets

In other news, insider Adam A. Wadecki sold 525 shares of the stock in a transaction dated Tuesday, August 4th. The shares were sold at an average price of $440.54, for a total value of $231,283.50. Following the completion of the transaction, the insider owned 1,054 shares in the company, valued at $464,329.16. This trade represents a 33.25% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Gerald Johnson purchased 130 shares of the firm’s stock in a transaction dated Thursday, August 13th. The shares were purchased at an average cost of $455.90 per share, for a total transaction of $59,267.00. Following the purchase, the director directly owned 1,829 shares in the company, valued at approximately $833,841.10. This 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 owned by insiders.

About Representative Hern

Kevin Hern (Republican Party) is a member of the U.S. House, representing Oklahoma’s 1st Congressional District. He assumed office on November 13, 2018. His current term ends on January 3, 2027.

Hern (Republican Party) is running for re-election to the U.S. House to represent Oklahoma’s 1st Congressional District. He declared candidacy for the 2026 election.

Kevin Hern went into business as a McDonald’s franchisee in 1999. He acquired 10 McDonald’s franchises by 2012. He served on the McDonald’s National Leadership Team for 13 years, including the tax policy team, the insurance corporation, and as chairman of the economics team. From 2011 to 2015, he was chairman of the finance committee of the Oklahoma Turnpike Authority.

About Eaton

Eaton Corporation plc (NYSE: ETN) is a global power management company that helps customers manage electrical, hydraulic and mechanical power more safely, efficiently and reliably. Its products and systems serve commercial, industrial, utility, data center, residential, aerospace, vehicle and mobility applications.

The company’s electrical businesses provide circuit protection and control equipment, power distribution systems, connectivity solutions, backup power and other technologies used to support critical infrastructure and improve energy efficiency.