Eaton Corporation, PLC $ETN Stock Sold by First Citizens Bank & Trust Co.

First Citizens Bank & Trust Co. decreased its position in shares of Eaton Corporation, PLC (NYSE:ETN) by 5.4% in the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 53,242 shares of the industrial products company’s stock after selling 3,010 shares during the period. First Citizens Bank & Trust Co.’s holdings in Eaton were worth $22,879,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of the company. Security National Bank of SO Dak acquired a new position in shares of Eaton in the 2nd quarter worth approximately $26,000. Manning & Napier Advisors LLC bought a new stake in Eaton during the 2nd quarter worth approximately $27,000. Gunpowder Capital Management LLC dba Oliver Wealth Management acquired a new stake in Eaton during the 4th quarter valued at $28,000. Boreal Capital Management LLC acquired a new stake in Eaton during the 1st quarter valued at $33,000. Finally, North Point Portfolio Managers Corp OH bought a new position in Eaton in the 3rd quarter valued at $34,000. Institutional investors own 82.97% of the company’s stock.

Insider Activity

In related news, insider Adam Wadecki sold 525 shares of the firm’s stock in a transaction dated Tuesday, August 4th. The stock was sold at an average price of $440.54, for a total value of $231,283.50. Following 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 ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Heath Monesmith sold 18,036 shares of Eaton stock in a transaction dated Tuesday, August 11th. The stock was 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 of the company’s stock, valued at approximately $23,070,558.72. The trade was a 26.37% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 0.10% of the stock is currently owned by insiders.

Eaton Stock Performance

ETN stock opened at $428.66 on Wednesday. The company has a 50 day moving average price of $425.90 and a 200 day moving average price of $409.70. Eaton Corporation, PLC has a fifty-two week low of $311.92 and a fifty-two week 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. The stock has a market capitalization of $166.49 billion, a PE ratio of 43.61, a price-to-earnings-growth ratio of 2.48 and a beta of 1.13.

Eaton (NYSE:ETN) last announced its quarterly earnings data 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. The firm had revenue of $8.53 billion for the quarter, compared to analyst estimates of $8.16 billion. Eaton had a return on equity of 24.58% and a net margin of 12.75%. The business’s quarterly revenue was up 21.4% compared to the same quarter last year. During the same period last year, the company earned $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. Analysts forecast that Eaton Corporation, PLC will post 13.57 EPS for the current year.

Eaton Announces Dividend

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

Wall Street Analyst Weigh In

Several analysts have recently commented on ETN shares. Deutsche Bank Aktiengesellschaft increased their target price on Eaton from $493.00 to $521.00 and gave the stock a “buy” rating in a report on Wednesday, September 30th. Sanford C. Bernstein reaffirmed an “outperform” rating and issued a $534.00 price target (up from $509.00) on shares of Eaton in a report on Monday, August 3rd. Morgan Stanley lifted their price target on Eaton from $500.00 to $520.00 and gave the company an “overweight” rating in a report on Friday, August 28th. Royal Bank Of Canada upped their price target on shares of Eaton from $484.00 to $512.00 and gave the stock an “outperform” rating in a research report on Monday, August 3rd. Finally, Argus increased their price objective on shares of Eaton from $475.00 to $528.00 and gave the stock a “buy” rating in a report on Tuesday, August 18th. One research analyst has rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $480.77.

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.