Polaris Financial Partners Acquires New Stake in Eaton Corporation, PLC $ETN

Polaris Financial Partners acquired a new stake in shares of Eaton Corporation, PLC (NYSE:ETN) during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm acquired 2,528 shares of the industrial products company’s stock, valued at approximately $1,092,000.

A number of other institutional investors have also recently added to or reduced their stakes in ETN. Wellington Management Group LLP boosted its stake in Eaton by 19.6% during the 2nd 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 purchasing an additional 1,120,567 shares in the last quarter. National Pension Service lifted its holdings in shares of Eaton by 3.5% in the second quarter. National Pension Service now owns 864,731 shares of the industrial products company’s stock valued at $368,479,000 after buying an additional 29,436 shares during the period. Clal Insurance Enterprises Holdings Ltd boosted its stake in Eaton by 112.6% during the first quarter. Clal Insurance Enterprises Holdings Ltd now owns 336,060 shares of the industrial products company’s stock valued at $120,199,000 after buying an additional 178,000 shares in the last quarter. Bartlett & CO. Wealth Management LLC boosted its stake in Eaton by 12.1% during the first quarter. Bartlett & CO. Wealth Management LLC now owns 266,845 shares of the industrial products company’s stock valued at $95,442,000 after buying an additional 28,815 shares in the last quarter. Finally, TD Waterhouse Canada Inc. grew its holdings in Eaton by 6.7% during the second quarter. TD Waterhouse Canada Inc. now owns 188,970 shares of the industrial products company’s stock worth $77,973,000 after acquiring an additional 11,804 shares during the period. 82.97% of the stock is currently owned by institutional investors and hedge funds.

Eaton Trading Down 0.4%

Shares of NYSE:ETN traded down $1.93 during midday trading on Friday, reaching $435.35. The company had a trading volume of 2,093,625 shares, compared to its average volume of 2,533,536. The company has a fifty day simple moving average of $421.58 and a two-hundred day simple moving average of $405.88. The firm has a market cap of $169.09 billion, a price-to-earnings ratio of 44.29, a price-to-earnings-growth ratio of 2.70 and a beta of 1.13. Eaton Corporation, PLC has a 1-year low of $311.92 and a 1-year high of $478.00. The company has a debt-to-equity ratio of 0.91, a quick ratio of 0.79 and a current ratio of 1.24.

Eaton (NYSE:ETN) last posted its quarterly earnings data 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. Eaton had a return on equity of 24.58% and a net margin of 12.75%.The firm had revenue of $8.53 billion for the quarter, compared to the consensus estimate of $8.16 billion. During the same quarter in the previous year, the company earned $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. Research analysts predict that Eaton Corporation, PLC will post 13.57 earnings per share for the current year.

Eaton Dividend Announcement

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

Insider Buying and Selling

In other news, Director Gerald Johnson acquired 130 shares of the stock in a transaction on 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 transaction, the director owned 1,829 shares in the company, valued at approximately $833,841.10. This trade represents a 7.65% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Heath Monesmith sold 18,036 shares of the business’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 sale, the insider directly owned 50,368 shares in the company, valued at approximately $23,070,558.72. This trade represents a 26.37% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Company insiders own 0.10% of the company’s stock.

Analyst Ratings Changes

ETN has been the topic of several research reports. Royal Bank Of Canada boosted 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. Robert W. Baird set a $500.00 price objective on shares of Eaton and gave the stock an “outperform” rating in a research note on Thursday, August 20th. UBS Group upgraded shares of Eaton from a “neutral” rating to a “buy” rating and boosted their target price for the stock from $450.00 to $515.00 in a report on Monday, September 7th. Evercore raised shares of 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. Finally, Weiss Ratings upgraded shares of Eaton from a “hold (c+)” rating to a “buy (b-)” rating in a report on Friday, August 28th. Two investment analysts have rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Buy” and a consensus target price of $456.50.

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.