Waverly Advisors LLC Grows Stock Holdings in Eaton Corporation, PLC $ETN

Waverly Advisors LLC boosted its stake in shares of Eaton Corporation, PLC (NYSE:ETN) by 30.2% during the 2nd quarter, Holdings Channel.com reports. The firm owned 49,690 shares of the industrial products company’s stock after purchasing an additional 11,536 shares during the quarter. Waverly Advisors LLC’s holdings in Eaton were worth $21,174,000 as of its most recent filing with the SEC.

Several other institutional investors have also recently made changes to their positions in the company. Hilton Head Capital Partners LLC purchased a new position in Eaton in the fourth quarter valued at $26,000. Manning & Napier Advisors LLC acquired a new stake in shares of Eaton in the second quarter worth approximately $27,000. Sfam LLC purchased a new stake in shares of Eaton during the fourth quarter worth $27,000. Gunpowder Capital Management LLC dba Oliver Wealth Management acquired a new position in Eaton during the fourth quarter worth about $28,000. Finally, Boreal Capital Management LLC acquired a new position in Eaton during the first quarter worth about $33,000. 82.97% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several analysts have issued reports on the company. Weiss Ratings upgraded Eaton from a “hold (c+)” rating to a “buy (b-)” rating in a report on Friday, August 28th. UBS Group raised Eaton from a “neutral” rating to a “buy” rating and boosted their target price for the company from $450.00 to $515.00 in a research report on Monday. 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. BMO Capital Markets boosted their price objective on Eaton from $477.00 to $487.00 and gave the stock an “outperform” rating in a research report on Monday, August 3rd. Finally, Evercore raised Eaton from an “in-line” rating to an “outperform” rating and set a $502.00 price target for the company in a report on Monday, August 3rd. Three analysts have rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Buy” and a consensus target price of $450.61.

Insider Transactions at Eaton

In related news, insider Heath B. Monesmith sold 18,036 shares of the business’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 sale, the insider directly owned 50,368 shares in the company, valued at $23,070,558.72. The trade was a 26.37% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Adam A. Wadecki sold 525 shares of the firm’s stock in a transaction that occurred on Tuesday, August 4th. The stock was 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. Additional details regarding this sale are available in the official SEC disclosure. Corporate insiders own 0.10% of the company’s stock.

Eaton Stock Up 2.8%

Shares of Eaton stock opened at $422.28 on Wednesday. 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 company has a market cap of $164.01 billion, a P/E ratio of 42.96, a PEG ratio of 2.60 and a beta of 1.17. Eaton Corporation, PLC has a one year low of $311.92 and a one year high of $478.00. The firm has a fifty day moving average of $415.39 and a two-hundred day moving average of $398.69.

Eaton (NYSE:ETN) last announced its quarterly earnings data 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. 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 analyst estimates of $8.16 billion. During the same quarter in the previous year, the company earned $2.95 EPS. The firm’s revenue for the quarter 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. On average, analysts forecast that Eaton Corporation, PLC will post 13.56 earnings per share for the current year.

Eaton Announces Dividend

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

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.