2,874 Shares in Eaton Corporation, PLC $ETN Acquired by Dearborn Partners LLC

Dearborn Partners LLC purchased a new position in shares of Eaton Corporation, PLC (NYSE:ETN) during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm purchased 2,874 shares of the industrial products company’s stock, valued at approximately $1,028,000.

Several other institutional investors also recently made changes to their positions in ETN. Hilton Head Capital Partners LLC purchased a new position in shares of Eaton in the 4th quarter worth $26,000. Sfam LLC purchased a new stake in Eaton during the fourth quarter valued at about $27,000. Gunpowder Capital Management LLC dba Oliver Wealth Management acquired a new stake in Eaton during the fourth quarter worth about $28,000. Boreal Capital Management LLC acquired a new stake in Eaton during the first quarter worth about $33,000. Finally, WFA of San Diego LLC purchased a new position in shares of Eaton in the 2nd quarter worth about $36,000. 82.97% of the stock is owned by hedge funds and other institutional investors.

Eaton Trading Down 2.5%

Shares of NYSE ETN opened at $408.59 on Tuesday. The company has a quick ratio of 0.79, a current ratio of 1.24 and a debt-to-equity ratio of 0.91. The stock’s 50 day moving average price is $417.30 and its two-hundred day moving average price is $396.67. Eaton Corporation, PLC has a 52-week low of $311.92 and a 52-week high of $478.00. The stock has a market capitalization of $158.70 billion, a P/E ratio of 41.57, a PEG ratio of 2.65 and a beta of 1.18.

Eaton (NYSE:ETN) last issued its quarterly earnings results on Friday, July 31st. The industrial products company reported $3.15 earnings per share for the quarter, beating analysts’ consensus estimates of $3.08 by $0.07. The business had revenue of $8.53 billion during the quarter, compared to the consensus estimate 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% on a year-over-year basis. During the same period in the previous year, the business 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. On average, analysts anticipate that Eaton Corporation, PLC will post 13.55 earnings per share for the current fiscal year.

Eaton Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, August 28th. Shareholders of record on Friday, August 7th will be issued a $1.10 dividend. The ex-dividend date of this dividend is Friday, August 7th. This represents a $4.40 dividend on an annualized basis and a yield of 1.1%. Eaton’s dividend payout ratio (DPR) is currently 44.76%.

Insider Buying and Selling

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

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on the company. Robert W. Baird set a $500.00 target price on Eaton and gave the stock an “outperform” rating in a report on Thursday. Barclays raised their price target on shares of Eaton from $340.00 to $392.00 and gave the company an “equal weight” rating in a report on Wednesday, May 6th. Wall Street Zen downgraded shares of Eaton from a “buy” rating to a “hold” rating in a research note on Sunday, August 16th. BMO Capital Markets increased their price objective on shares of Eaton from $477.00 to $487.00 and gave the stock an “outperform” rating in a research report on Monday, August 3rd. Finally, JPMorgan Chase & Co. raised their target price on shares of Eaton from $406.00 to $445.00 and gave the company an “overweight” rating in a research note on Wednesday, May 6th. Two analysts have rated the stock with a Strong Buy rating, fourteen have given a Buy rating and four have given a Hold rating to the stock. Based on data from MarketBeat, Eaton currently has an average rating of “Moderate Buy” and a consensus price target of $440.89.

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.