Envestnet Portfolio Solutions Inc. Acquires 3,638 Shares of Eaton Corporation, PLC $ETN

Envestnet Portfolio Solutions Inc. grew its holdings in Eaton Corporation, PLC (NYSE:ETN) by 5.5% in the second quarter, HoldingsChannel.com reports. The institutional investor owned 69,297 shares of the industrial products company’s stock after acquiring an additional 3,638 shares during the period. Envestnet Portfolio Solutions Inc.’s holdings in Eaton were worth $29,529,000 at the end of the most recent reporting period.

Several other hedge funds have also recently made changes to their positions in the business. North Star Investment Management Corp. lifted its holdings in shares of 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 valued at $2,897,000 after acquiring an additional 28 shares during the last quarter. Bogart Wealth LLC grew its position in 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 in the last quarter. Pring Turner Capital Group Inc. increased its stake in Eaton by 0.3% during 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 last quarter. Ellevest Inc. raised its position in 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 period. Finally, Tanager Wealth Management LLP raised 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 hedge funds and other institutional investors.

Eaton Trading Down 1.0%

Shares of NYSE ETN traded down $4.32 during midday trading on Wednesday, hitting $438.17. The company’s stock had a trading volume of 1,786,977 shares, compared to its average volume of 2,561,378. Eaton Corporation, PLC has a 12-month low of $311.92 and a 12-month high of $478.00. The company has a current ratio of 1.24, a quick ratio of 0.79 and a debt-to-equity ratio of 0.91. The firm has a market cap of $170.19 billion, a P/E ratio of 44.58, a price-to-earnings-growth ratio of 2.64 and a beta of 1.17. The business’s 50 day moving average is $417.31 and its two-hundred day moving average is $401.86.

Eaton (NYSE:ETN) last announced its quarterly earnings data on Friday, July 31st. The industrial products company reported $3.15 EPS for the quarter, beating 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 company had revenue of $8.53 billion for the quarter, compared to the consensus estimate of $8.16 billion. During the same quarter in the prior year, the company posted $2.95 EPS. Eaton’s quarterly revenue was up 21.4% on a year-over-year basis. 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 research analysts expect that Eaton Corporation, PLC will post 13.56 EPS for the current year.

Eaton Announces Dividend

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

Key Stories Impacting Eaton

Here are the key news stories impacting Eaton this week:

• Positive Sentiment: Eaton announced expanded aerospace aftermarket capabilities in Asia-Pacific, including a new FAA certification for its Eaton Aero Services joint venture with SIA Engineering and Singapore investments supported by the Economic Development Board. The initiatives could strengthen Eaton’s aerospace services presence and provide longer-term growth opportunities. Eaton announces the expansion of aerospace aftermarket capabilities across Asia-Pacific
• Positive Sentiment: Zacks Research raised its Eaton estimates for second-quarter 2027 EPS to $3.93 from $3.92, third-quarter EPS to $4.26 from $4.21, and full-year 2027 EPS to $15.83 from $15.80. The revisions indicate modestly improved expectations for future earnings. Eaton analyst earnings estimates
• Neutral Sentiment: Value-focused coverage comparing Eaton with Vestas Wind Systems asks which stock offers the better opportunity. The discussion may draw attention to Eaton’s strong business prospects but also to its premium valuation, with the stock trading at roughly 45 times earnings. VWDRY or ETN: Which Is the Better Value Stock Right Now?
• Neutral Sentiment: A separate comparison with Vertiv highlights Eaton’s exposure to data-center power demand but concludes that Vertiv offers a more direct AI-infrastructure opportunity, supported by stronger growth and raised guidance. This could temper enthusiasm for ETN despite its participation in the data-center trend. Eaton vs. Vertiv: Which Data Center Power Stock Has an Edge?
• Negative Sentiment: Zacks Research slightly reduced its fourth-quarter 2027 EPS forecast for Eaton to $4.18 from $4.21. Although the change is small, it introduces a modestly negative signal amid elevated investor expectations. Eaton analyst earnings estimates

Analyst Ratings Changes

A number of brokerages have recently commented on ETN. UBS Group upgraded Eaton from a “neutral” rating to a “buy” rating and lifted their target price for the stock from $450.00 to $515.00 in a report on Monday, September 7th. Wall Street Zen lowered Eaton from a “buy” rating to a “hold” rating in a report on Sunday, August 16th. Morgan Stanley raised their price target on Eaton from $500.00 to $520.00 and gave the stock an “overweight” rating in a research report on Friday, August 28th. Royal Bank Of Canada lifted their price objective on shares of Eaton from $484.00 to $512.00 and gave the stock an “outperform” rating in a research note on Monday, August 3rd. Finally, BMO Capital Markets boosted their price objective on shares of Eaton from $477.00 to $487.00 and gave the company an “outperform” rating in a research report on Monday, August 3rd. Two research analysts have rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Buy” and an average price target of $451.62.

Insider Activity at Eaton

In other news, insider Adam A. Wadecki sold 525 shares of the firm’s stock in a transaction that occurred on Tuesday, August 4th. The shares were sold at an average price of $440.54, for a total transaction of $231,283.50. Following the transaction, the insider directly owned 1,054 shares of the company’s stock, valued at approximately $464,329.16. This trade represents a 33.25% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Gerald Johnson purchased 130 shares of the firm’s stock in a transaction dated Thursday, August 13th. The shares were bought at an average cost of $455.90 per share, with a total value of $59,267.00. Following the purchase, the director directly owned 1,829 shares of the company’s stock, valued at approximately $833,841.10. This represents a 7.65% increase in their position. The disclosure for this purchase is available in the SEC filing. 0.10% of the stock is currently owned by company insiders.

Eaton Company Profile

Eaton plc is a power management company that helps businesses, utilities, data centers, industrial facilities and other customers manage electrical, hydraulic and mechanical power more safely and efficiently. Its products and systems support power distribution, circuit protection, power quality, backup power, industrial automation and energy management.

The company also supplies aerospace systems, including hydraulic, fuel, motion-control and air-management equipment, as well as components and systems for commercial and military aircraft.