Eaton (NYSE:ETN) Insider Heath Monesmith Sells 18,367 Shares

Eaton Corporation, PLC (NYSE:ETN) insider Heath Monesmith sold 18,367 shares of the firm’s stock in a transaction on Wednesday, May 6th. The shares were sold at an average price of $409.11, for a total value of $7,514,123.37. Following the transaction, the insider directly owned 49,822 shares in the company, valued at $20,382,678.42. This trade represents a 26.94% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this link.

Eaton Price Performance

ETN traded up $1.92 on Friday, reaching $401.07. The company had a trading volume of 2,386,089 shares, compared to its average volume of 2,818,821. Eaton Corporation, PLC has a one year low of $306.77 and a one year high of $435.43. The company has a market capitalization of $155.73 billion, a P/E ratio of 39.21, a PEG ratio of 2.90 and a beta of 1.24. The company has a fifty day moving average of $380.26 and a 200-day moving average of $360.75. The company has a current ratio of 1.19, a quick ratio of 0.81 and a debt-to-equity ratio of 0.94.

Eaton (NYSE:ETN) last posted its quarterly earnings data on Tuesday, May 5th. The industrial products company reported $2.81 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.73 by $0.08. Eaton had a net margin of 13.99% and a return on equity of 24.72%. The business had revenue of $7.45 billion during the quarter, compared to analysts’ expectations of $7.14 billion. During the same period last year, the firm posted $2.72 earnings per share. The business’s revenue was up 16.8% on a year-over-year basis. Eaton has set its Q2 2026 guidance at 3.000-3.100 EPS and its FY 2026 guidance at 13.050-13.500 EPS. As a group, equities research analysts anticipate that Eaton Corporation, PLC will post 13.31 earnings per share for the current year.

Eaton Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, May 29th. Stockholders of record on Friday, May 8th will be paid a $1.10 dividend. This represents a $4.40 dividend on an annualized basis and a dividend yield of 1.1%. The ex-dividend date of this dividend is Friday, May 8th. Eaton’s payout ratio is currently 43.01%.

Hedge Funds Weigh In On Eaton

Several institutional investors and hedge funds have recently bought and sold shares of ETN. Cornerstone Planning Group LLC lifted its position in shares of Eaton by 9.3% in the third quarter. Cornerstone Planning Group LLC now owns 328 shares of the industrial products company’s stock worth $126,000 after purchasing an additional 28 shares in the last quarter. North Star Investment Management Corp. raised its stake in shares of Eaton by 0.3% in the 1st quarter. North Star Investment Management Corp. now owns 8,101 shares of the industrial products company’s stock valued at $2,897,000 after acquiring an additional 28 shares in the last quarter. MTM Investment Management LLC lifted its holdings in Eaton by 0.6% in the 3rd quarter. MTM Investment Management LLC now owns 4,802 shares of the industrial products company’s stock worth $1,797,000 after purchasing an additional 29 shares during the last quarter. Bogart Wealth LLC boosted its position in Eaton by 1.3% during the first quarter. Bogart Wealth LLC now owns 2,184 shares of the industrial products company’s stock worth $781,000 after purchasing an additional 29 shares during the period. Finally, Pring Turner Capital Group Inc. grew its holdings in Eaton by 0.3% during the fourth 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. Hedge funds and other institutional investors own 82.97% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on ETN. BMO Capital Markets initiated coverage on Eaton in a report on Friday, March 27th. They set an “outperform” rating and a $428.00 target price on the stock. Jefferies Financial Group started coverage on shares of Eaton in a research report on Monday, March 16th. They set a “buy” rating and a $430.00 price objective for the company. Sanford C. Bernstein reiterated an “outperform” rating on shares of Eaton in a report on Tuesday, January 27th. KeyCorp increased their target price on shares of Eaton from $420.00 to $480.00 and gave the company an “overweight” rating in a research note on Wednesday. Finally, JPMorgan Chase & Co. boosted their price target on shares of Eaton from $406.00 to $445.00 and gave the company an “overweight” rating in a report on Wednesday. Two investment analysts have rated the stock with a Strong Buy rating, fifteen have issued a Buy rating and five have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $412.00.

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.