Arizona State Retirement System Raises Holdings in Eaton Corporation, PLC $ETN

Arizona State Retirement System increased its holdings in shares of Eaton Corporation, PLC (NYSE:ETN) by 1.2% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 107,658 shares of the industrial products company’s stock after purchasing an additional 1,241 shares during the quarter. Arizona State Retirement System’s holdings in Eaton were worth $45,875,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently bought and sold shares of ETN. North Star Investment Management Corp. raised its position in Eaton by 0.3% in 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 during the last quarter. Bogart Wealth LLC grew its stake in shares of Eaton by 1.3% in the first 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 period. Pring Turner Capital Group Inc. grew its stake in shares of Eaton by 0.3% in the fourth quarter. Pring Turner Capital Group Inc. now owns 10,528 shares of the industrial products company’s stock worth $3,353,000 after acquiring an additional 30 shares during the period. Ellevest Inc. raised its holdings in shares of Eaton by 2.5% during the fourth quarter. Ellevest Inc. now owns 1,281 shares of the industrial products company’s stock valued at $408,000 after purchasing an additional 31 shares during the last quarter. Finally, Tanager Wealth Management LLP lifted its position in Eaton by 5.4% during the second 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 period. 82.97% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Eaton

In other news, Director Gerald Johnson acquired 130 shares of the business’s stock in a transaction dated Thursday, August 13th. The stock was purchased at an average price of $455.90 per share, for a total transaction of $59,267.00. Following the completion of the transaction, the director directly 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 filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Heath Monesmith sold 18,036 shares of Eaton stock in a transaction dated Tuesday, August 11th. The stock was sold at an average price of $458.04, for a total value of $8,261,209.44. Following the completion of the sale, the insider directly owned 50,368 shares in the company, valued at $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. Insiders own 0.10% of the company’s stock.

Eaton Price Performance

Shares of NYSE:ETN traded up $11.43 during trading on Tuesday, hitting $422.28. 2,034,999 shares of the company’s stock were exchanged, compared to its average volume of 2,575,836. The business’s 50-day simple moving average is $415.48 and its 200 day simple moving average is $398.40. The company has a market cap of $164.01 billion, a price-to-earnings ratio of 42.96, 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 current ratio of 1.24 and a quick ratio of 0.79.

Eaton (NYSE:ETN) last posted its quarterly earnings results on Friday, July 31st. The industrial products company reported $3.15 EPS for the quarter, topping 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 company had revenue of $8.53 billion for the quarter, compared to analysts’ expectations of $8.16 billion. During the same period in the previous year, the firm earned $2.95 EPS. The firm’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. As a group, equities analysts predict that Eaton Corporation, PLC will post 13.56 EPS for the current year.

Eaton Dividend Announcement

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

Analyst Upgrades and Downgrades

ETN has been the subject of a number of research reports. Weiss Ratings upgraded shares of Eaton from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Friday, August 28th. BMO Capital Markets lifted their price objective on Eaton from $477.00 to $487.00 and gave the stock an “outperform” rating in a report on Monday, August 3rd. Wall Street Zen cut Eaton from a “buy” rating to a “hold” rating in a research report on Sunday, August 16th. UBS Group raised Eaton from a “neutral” rating to a “buy” rating and increased their target price for the company from $450.00 to $515.00 in a report on Monday. Finally, Citigroup boosted their price target on Eaton from $471.00 to $485.00 and gave the company a “buy” rating in a research note on Monday, August 3rd. Three investment analysts have rated the stock with a Strong Buy rating, fifteen have issued a Buy rating and two have given a Hold rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Buy” and a consensus price target of $450.61.

Eaton Company 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.