Myriad Asset Management Advisors LLC Buys New Stake in Eaton Corporation, PLC $ETN

Myriad Asset Management Advisors LLC bought a new stake in shares of Eaton Corporation, PLC (NYSE:ETN) in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm bought 9,557 shares of the industrial products company’s stock, valued at approximately $3,044,000.

Several other institutional investors also recently bought and sold shares of the stock. Pring Turner Capital Group Inc. grew 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 valued at $3,353,000 after acquiring an additional 30 shares in the last quarter. Ellevest Inc. grew its stake 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 acquiring an additional 31 shares in the last quarter. Rise Advisors LLC grew its stake in Eaton by 2.2% during the fourth quarter. Rise Advisors LLC now owns 1,580 shares of the industrial products company’s stock valued at $503,000 after acquiring an additional 34 shares in the last quarter. First Command Advisory Services Inc. grew its stake in Eaton by 4.4% during the fourth quarter. First Command Advisory Services Inc. now owns 863 shares of the industrial products company’s stock valued at $275,000 after acquiring an additional 36 shares in the last quarter. Finally, Stanley Laman Group Ltd. grew its holdings in shares of Eaton by 3.1% in the fourth quarter. Stanley Laman Group Ltd. now owns 1,214 shares of the industrial products company’s stock valued at $387,000 after purchasing an additional 37 shares in the last quarter. 82.97% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

ETN has been the topic of several research reports. Erste Group Bank initiated coverage on shares of Eaton in a research report on Tuesday, May 5th. They issued a “buy” rating on the stock. Morgan Stanley restated an “overweight” rating and issued a $500.00 price target on shares of Eaton in a research report on Sunday, May 10th. Citigroup boosted their price target on shares of Eaton from $464.00 to $471.00 and gave the stock a “buy” rating in a research report on Wednesday, May 6th. Barclays boosted their price target on shares of Eaton from $340.00 to $392.00 and gave the stock an “equal weight” rating in a research report on Wednesday, May 6th. Finally, Jefferies Financial Group initiated coverage on shares of Eaton in a research report on Monday, March 16th. They issued a “buy” rating and a $430.00 price target on the stock. Two research analysts have rated the stock with a Strong Buy rating, fifteen have given a Buy rating and four have given a Hold rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $420.95.

Insider Activity at Eaton

In other Eaton news, insider Antonio Galvao sold 494 shares of Eaton stock in a transaction on Wednesday, May 13th. The shares were sold at an average price of $405.86, for a total transaction of $200,494.84. Following the completion of the transaction, the insider directly owned 9,175 shares of the company’s stock, valued at $3,723,765.50. The trade was a 5.11% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Peter Denk sold 2,000 shares of Eaton stock in a transaction on Wednesday, May 6th. The stock was sold at an average price of $417.94, for a total transaction of $835,880.00. Following the transaction, the insider directly owned 7,102 shares of the company’s stock, valued at $2,968,209.88. The trade was a 21.97% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 21,028 shares of company stock valued at $8,614,793 over the last three months. Corporate insiders own 0.10% of the company’s stock.

Eaton Trading Down 6.4%

Shares of ETN opened at $375.89 on Thursday. The company has a debt-to-equity ratio of 0.94, a quick ratio of 0.75 and a current ratio of 1.19. The company’s fifty day moving average is $398.76 and its 200 day moving average is $365.93. The stock has a market capitalization of $145.96 billion, a PE ratio of 36.74, a P/E/G ratio of 2.58 and a beta of 1.19. Eaton Corporation, PLC has a fifty-two week low of $311.92 and a fifty-two week high of $435.43.

Eaton (NYSE:ETN) last posted its quarterly earnings data on Tuesday, May 5th. The industrial products company reported $2.81 EPS for the quarter, topping the consensus estimate of $2.73 by $0.08. The company had revenue of $7.45 billion during the quarter, compared to analyst estimates of $7.14 billion. Eaton had a net margin of 13.99% and a return on equity of 24.72%. Eaton’s quarterly revenue was up 16.8% compared to the same quarter last year. During the same period in the previous year, the firm earned $2.72 earnings per share. Eaton has set its Q2 2026 guidance at 3.000-3.100 EPS and its FY 2026 guidance at 13.050-13.500 EPS. Sell-side analysts expect that Eaton Corporation, PLC will post 13.32 earnings per share for the current fiscal year.

Eaton Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, May 29th. Shareholders of record on Friday, May 8th were paid a dividend of $1.10 per share. This represents a $4.40 annualized dividend and a yield of 1.2%. The ex-dividend date of this dividend was Friday, May 8th. Eaton’s payout ratio is presently 43.01%.

About Eaton

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.