1,705 Eaton Corporation, PLC $ETN Shares Bought by Central Bank & Trust Co.

Central Bank & Trust Co. boosted its holdings in shares of Eaton Corporation, PLC (NYSE:ETN) by 101.8% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 3,380 shares of the industrial products company’s stock after purchasing an additional 1,705 shares during the quarter. Central Bank & Trust Co.’s holdings in Eaton were worth $1,452,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. North Star Investment Management Corp. grew its position in shares of Eaton by 0.3% during the 1st quarter. North Star Investment Management Corp. now owns 8,101 shares of the industrial products company’s stock worth $2,897,000 after buying an additional 28 shares in the last quarter. Bogart Wealth LLC raised its stake in Eaton by 1.3% in the 1st quarter. Bogart Wealth LLC now owns 2,184 shares of the industrial products company’s stock worth $781,000 after acquiring an additional 29 shares during the last quarter. Tanager Wealth Management LLP grew its stake in Eaton by 5.4% during the 2nd quarter. Tanager Wealth Management LLP now owns 606 shares of the industrial products company’s stock valued at $258,000 after purchasing an additional 31 shares during the last quarter. Cornerstone Planning Group LLC raised its stake in shares of Eaton by 10.2% in the first quarter. Cornerstone Planning Group LLC now owns 368 shares of the industrial products company’s stock worth $132,000 after purchasing an additional 34 shares during the last quarter. Finally, Everhart Financial Group Inc. increased its holdings in Eaton by 2.6% in the 3rd quarter. Everhart Financial Group Inc. now owns 1,403 shares of the industrial products company’s stock worth $603,000 after buying an additional 35 shares during the period. Institutional investors own 82.97% of the company’s stock.

Insiders Place Their Bets

In other news, Director Gerald Johnson purchased 130 shares of the firm’s stock in a transaction that occurred on Thursday, August 13th. The shares were acquired at an average price of $455.90 per share, for a total transaction of $59,267.00. Following the completion of the acquisition, the director directly owned 1,829 shares in the company, valued at approximately $833,841.10. The trade was a 7.65% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Heath B. Monesmith sold 18,036 shares of the business’s stock in a transaction on Tuesday, August 11th. The stock was sold at an average price of $458.04, for a total transaction of $8,261,209.44. Following the completion of the sale, the insider directly owned 50,368 shares in the company, valued at approximately $23,070,558.72. This represents a 26.37% decrease in their position. The disclosure for this sale is available in the SEC filing. 0.10% of the stock is currently owned by insiders.

Eaton Trading Up 1.2%

Shares of ETN stock traded up $4.92 during trading hours on Friday, hitting $429.43. The company had a trading volume of 624,536 shares, compared to its average volume of 2,508,699. 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 company’s fifty day moving average is $426.18 and its 200 day moving average is $408.47. The stock has a market capitalization of $166.79 billion, a PE ratio of 43.68, a price-to-earnings-growth ratio of 2.50 and a beta of 1.13.

Eaton (NYSE:ETN) last released its earnings results on Friday, July 31st. The industrial products company reported $3.15 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 during the quarter, compared to analyst estimates of $8.16 billion. During the same period last year, the business posted $2.95 earnings per share. Eaton’s revenue 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 expect that Eaton Corporation, PLC will post 13.57 earnings per share for the current fiscal year.

Eaton Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, August 28th. Stockholders of record on Friday, August 7th were issued a dividend of $1.10 per share. 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 payout ratio is 44.76%.

Analysts Set New Price Targets

Several brokerages have recently issued reports on ETN. Morgan Stanley boosted their price objective on Eaton from $500.00 to $520.00 and gave the company an “overweight” rating in a report on Friday, August 28th. BNP Paribas Exane upped their price target on Eaton from $490.00 to $500.00 and gave the stock an “outperform” rating in a report on Monday, August 3rd. Wells Fargo & Company initiated coverage on Eaton in a report on Thursday, September 24th. They issued an “overweight” rating and a $503.00 price objective on the stock. Deutsche Bank Aktiengesellschaft raised their target price on Eaton from $493.00 to $521.00 and gave the company a “buy” rating in a research report on Wednesday, September 30th. Finally, Wall Street Zen cut shares of Eaton from a “buy” rating to a “hold” rating in a research report on Sunday, August 16th. One 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. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $480.18.

Eaton 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.