Fifth Third Wealth Advisors LLC Has $11.60 Million Holdings in Eaton Corporation, PLC $ETN

Fifth Third Wealth Advisors LLC raised its position in shares of Eaton Corporation, PLC (NYSE:ETN) by 4.2% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 32,425 shares of the industrial products company’s stock after buying an additional 1,316 shares during the quarter. Fifth Third Wealth Advisors LLC’s holdings in Eaton were worth $11,597,000 at the end of the most recent quarter.

Several other institutional investors have also made changes to their positions in the company. Hilton Head Capital Partners LLC acquired a new stake in shares of Eaton during the fourth quarter valued at approximately $26,000. Sfam LLC acquired a new position in Eaton in the 4th 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. Eagle Bay Advisors LLC acquired a new position in Eaton during the fourth quarter valued at $29,000. Finally, WFA of San Diego LLC acquired a new position in shares of Eaton in the 2nd quarter valued at about $36,000. 82.97% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other news, Director Dorothy C. Thompson sold 167 shares of the firm’s stock in a transaction dated Friday, May 22nd. The shares were sold at an average price of $385.00, for a total transaction of $64,295.00. Following the completion of the transaction, the director directly owned 1,096 shares of the company’s stock, valued at approximately $421,960. This trade represents a 13.22% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Peter Denk sold 2,000 shares of the company’s stock in a transaction dated Wednesday, May 6th. The shares were sold at an average price of $417.94, for a total transaction of $835,880.00. Following the completion of the sale, the insider directly owned 7,102 shares in the company, valued at approximately $2,968,209.88. The trade was a 21.97% decrease in their position. The SEC filing for this sale provides additional information. Over the last three months, insiders have sold 21,028 shares of company stock valued at $8,614,793. 0.10% of the stock is owned by insiders.

Eaton Stock Down 0.1%

NYSE ETN opened at $404.71 on Thursday. The company has a debt-to-equity ratio of 0.94, a quick ratio of 0.75 and a current ratio of 1.19. The firm has a 50-day simple moving average of $405.42 and a 200 day simple moving average of $371.04. Eaton Corporation, PLC has a twelve month low of $311.92 and a twelve month high of $436.74. The stock has a market cap of $157.15 billion, a PE ratio of 39.56, a PEG ratio of 2.60 and a beta of 1.19.

Eaton (NYSE:ETN) last issued its quarterly earnings results 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 return on equity of 24.72% and a net margin of 13.99%.The firm had revenue of $7.45 billion for the quarter, compared to analyst estimates of $7.14 billion. During the same period in the previous year, the company posted $2.72 earnings per share. The company’s quarterly revenue was up 16.8% compared to the same quarter last year. Eaton has set its Q2 2026 guidance at 3.000-3.100 EPS and its FY 2026 guidance at 13.050-13.500 EPS. On average, research analysts forecast that Eaton Corporation, PLC will post 13.33 EPS for the current year.

Eaton Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, May 29th. Investors of record on Friday, May 8th were given a $1.10 dividend. This represents a $4.40 annualized dividend and a yield of 1.1%. The ex-dividend date of this dividend was Friday, May 8th. Eaton’s dividend payout ratio (DPR) is 43.01%.

Analyst Ratings Changes

Several equities research analysts recently issued reports on ETN shares. Wells Fargo & Company lifted their price objective on shares of Eaton from $350.00 to $425.00 and gave the company an “equal weight” rating in a research note on Wednesday, May 6th. Jefferies Financial Group initiated coverage on Eaton in a report on Monday, March 16th. They issued a “buy” rating and a $430.00 target price for the company. KeyCorp increased their price target on Eaton from $420.00 to $480.00 and gave the company an “overweight” rating in a report on Wednesday, May 6th. Citigroup boosted their price objective on shares of Eaton from $464.00 to $471.00 and gave the stock a “buy” rating in a research note on Wednesday, May 6th. Finally, Morgan Stanley reiterated an “overweight” rating and issued a $500.00 target price on shares of Eaton in a research note on Sunday, May 10th. Two investment analysts have rated the stock with a Strong Buy rating, fifteen have given a Buy rating and four have assigned a Hold rating to the company. Based on data from MarketBeat.com, Eaton currently has a consensus rating of “Moderate Buy” and an average target price of $420.95.

Eaton 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.