Parkside Financial Bank & Trust Buys 1,400 Shares of Eaton Corporation, PLC $ETN

Parkside Financial Bank & Trust lifted its stake in shares of Eaton Corporation, PLC (NYSE:ETN) by 32.6% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 5,696 shares of the industrial products company’s stock after purchasing an additional 1,400 shares during the quarter. Parkside Financial Bank & Trust’s holdings in Eaton were worth $2,427,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also added to or reduced their stakes in ETN. Clal Insurance Enterprises Holdings Ltd grew its stake in shares of Eaton by 239,384.8% during the fourth quarter. Clal Insurance Enterprises Holdings Ltd now owns 158,060 shares of the industrial products company’s stock worth $50,344,000 after buying an additional 157,994 shares during the last quarter. Pioneer Trust Bank N A OR lifted its stake in shares of Eaton by 669.1% in the 4th quarter. Pioneer Trust Bank N A OR now owns 6,230 shares of the industrial products company’s stock valued at $1,984,000 after acquiring an additional 5,420 shares during the last quarter. Burling Wealth Partners LLC boosted its holdings in shares of Eaton by 63.0% during the 4th quarter. Burling Wealth Partners LLC now owns 11,296 shares of the industrial products company’s stock valued at $3,598,000 after acquiring an additional 4,366 shares in the last quarter. Entropy Technologies LP bought a new stake in Eaton during the 4th quarter worth $14,786,000. Finally, S&CO Inc. bought a new stake in Eaton during the 2nd quarter worth $3,824,000. 82.97% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Eaton

In other Eaton news, insider Heath B. Monesmith sold 18,036 shares of the stock in a transaction that occurred 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 transaction, 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Gerald Johnson acquired 130 shares of the stock in a transaction dated Thursday, August 13th. The stock was bought at an average price of $455.90 per share, with a total value of $59,267.00. Following the purchase, the director directly owned 1,829 shares in the company, valued at $833,841.10. This represents a 7.65% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. 0.10% of the stock is owned by corporate insiders.

Eaton Stock Up 0.1%

Eaton stock opened at $411.08 on Tuesday. The firm has a market cap of $159.66 billion, a price-to-earnings ratio of 41.82, a PEG ratio of 2.60 and a beta of 1.17. Eaton Corporation, PLC has a 52-week low of $311.92 and a 52-week 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. The firm has a 50 day moving average price of $415.48 and a two-hundred day moving average price of $398.40.

Eaton (NYSE:ETN) last posted its quarterly earnings data on Friday, July 31st. The industrial products company reported $3.15 EPS for the quarter, beating analysts’ consensus estimates of $3.08 by $0.07. The company had revenue of $8.53 billion for the quarter, compared to analyst estimates of $8.16 billion. Eaton had a net margin of 12.75% and a return on equity of 24.58%. The company’s quarterly revenue was up 21.4% on a year-over-year basis. During the same period in the prior year, the firm posted $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. Equities analysts predict that Eaton Corporation, PLC will post 13.56 EPS for the current year.

Eaton Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, August 28th. Stockholders of record on Friday, August 7th were 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 was Friday, August 7th. Eaton’s payout ratio is currently 44.76%.

Wall Street Analyst Weigh In

ETN has been the subject of several research reports. Citigroup increased their target price on Eaton from $471.00 to $485.00 and gave the company a “buy” rating in a research report on Monday, August 3rd. Weiss Ratings raised Eaton from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Friday, August 28th. Robert W. Baird set a $500.00 price objective on shares of Eaton and gave the company an “outperform” rating in a report on Thursday, August 20th. Evercore upgraded shares of Eaton from an “in-line” rating to an “outperform” rating and set a $502.00 price target for the company in a research report on Monday, August 3rd. Finally, UBS Group raised Eaton from a “positive” rating to a “buy” rating and set a $515.00 target price on the stock in a report on Monday. Three research analysts have rated the stock with a Strong Buy rating, fifteen have given a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Buy” and a consensus target price of $450.61.

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.