Stableford Capital II LLC Sells 2,405 Shares of Eaton Corporation, PLC $ETN

Stableford Capital II LLC decreased its position in Eaton Corporation, PLC (NYSE:ETN) by 54.0% in the 3rd quarter, HoldingsChannel reports. The firm owned 2,047 shares of the industrial products company’s stock after selling 2,405 shares during the period. Stableford Capital II LLC’s holdings in Eaton were worth $880,000 at the end of the most recent reporting period.

Other hedge funds also recently modified their holdings of the company. Wellington Management Group LLP raised its position in shares of Eaton by 19.6% in the second quarter. Wellington Management Group LLP now owns 6,827,266 shares of the industrial products company’s stock valued at $2,909,235,000 after buying an additional 1,120,567 shares during the last quarter. National Pension Service grew its stake in Eaton by 3.5% in the 2nd quarter. National Pension Service now owns 864,731 shares of the industrial products company’s stock worth $368,479,000 after acquiring an additional 29,436 shares during the period. Clal Insurance Enterprises Holdings Ltd raised its holdings in Eaton by 112.6% in the 1st quarter. Clal Insurance Enterprises Holdings Ltd now owns 336,060 shares of the industrial products company’s stock valued at $120,199,000 after acquiring an additional 178,000 shares during the last quarter. Bartlett & CO. Wealth Management LLC lifted its stake in shares of Eaton by 12.1% during the 1st quarter. Bartlett & CO. Wealth Management LLC now owns 266,845 shares of the industrial products company’s stock worth $95,442,000 after purchasing an additional 28,815 shares during the period. Finally, Bowen Hanes & Co. Inc. grew its position in shares of Eaton by 0.5% in the first quarter. Bowen Hanes & Co. Inc. now owns 204,380 shares of the industrial products company’s stock valued at $73,101,000 after purchasing an additional 1,025 shares during the period. 82.97% of the stock is owned by institutional investors and hedge funds.

Eaton Trading Down 1.7%

Shares of ETN stock opened at $423.99 on Friday. 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 fifty-two week low of $311.92 and a fifty-two week high of $478.00. The firm’s 50 day moving average price is $426.18 and its two-hundred day moving average price is $408.47. The stock has a market cap of $164.68 billion, a price-to-earnings ratio of 43.13, a price-to-earnings-growth ratio of 2.50 and a beta of 1.13.

Eaton (NYSE:ETN) last issued its earnings results on Friday, July 31st. The industrial products company reported $3.15 EPS for the quarter, beating 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 business had revenue of $8.53 billion for the quarter, compared to the consensus estimate of $8.16 billion. During the same quarter last year, the firm posted $2.95 EPS. The business’s revenue for the quarter 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, analysts anticipate that Eaton Corporation, PLC will post 13.57 EPS for the current year.

Eaton Dividend Announcement

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

Analysts Set New Price Targets

A number of analysts have issued reports on ETN shares. Weiss Ratings raised Eaton from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Friday, August 28th. Wells Fargo & Company assumed coverage on shares of Eaton in a research report on Thursday, September 24th. They issued an “overweight” rating and a $503.00 target price on the stock. Evercore upgraded shares of Eaton from an “in-line” rating to an “outperform” rating and set a $502.00 target price for the company in a report on Monday, August 3rd. Citigroup increased their price target on shares of Eaton from $471.00 to $485.00 and gave the stock a “buy” rating in a research note on Monday, August 3rd. Finally, BMO Capital Markets upped their price objective on Eaton from $477.00 to $487.00 and gave the stock an “outperform” rating in a report on Monday, August 3rd. Two research analysts have rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating and one has given a Hold rating to the stock. According to MarketBeat, the stock has an average rating of “Buy” and an average price target of $456.50.

Insider Activity

In other news, Director Gerald Johnson acquired 130 shares of the company’s stock in a transaction dated Thursday, August 13th. The shares were bought at an average price of $455.90 per share, for a total transaction of $59,267.00. Following the completion of the purchase, the director directly owned 1,829 shares of the company’s stock, valued at approximately $833,841.10. This trade represents a 7.65% increase in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed 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 shares were sold at an average price of $458.04, for a total transaction of $8,261,209.44. Following the completion of the transaction, the insider owned 50,368 shares of the company’s stock, valued at $23,070,558.72. This trade represents a 26.37% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders own 0.10% of the company’s stock.

Eaton Company Profile

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.