IKE Capital LLC Acquires New Stake in Eaton Corporation, PLC $ETN

IKE Capital LLC bought a new position in shares of Eaton Corporation, PLC (NYSE:ETN) in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 1,387 shares of the industrial products company’s stock, valued at approximately $591,000.

A number of other institutional investors have also added to or reduced their stakes in the business. Wellington Management Group LLP boosted its holdings in shares of Eaton by 19.6% during the 2nd quarter. Wellington Management Group LLP now owns 6,827,266 shares of the industrial products company’s stock valued at $2,909,235,000 after buying an additional 1,120,567 shares in the last quarter. Clal Insurance Enterprises Holdings Ltd increased its stake in shares of Eaton by 112.6% in the 1st quarter. Clal Insurance Enterprises Holdings Ltd now owns 336,060 shares of the industrial products company’s stock worth $120,199,000 after acquiring an additional 178,000 shares in the last quarter. Munich Reinsurance Co Stock Corp in Munich boosted its stake in Eaton by 24,986.3% during the first quarter. Munich Reinsurance Co Stock Corp in Munich now owns 154,281 shares of the industrial products company’s stock worth $55,182,000 after acquiring an additional 153,666 shares in the last quarter. Public Employees Retirement System of Ohio purchased a new stake in Eaton in the second quarter worth about $64,858,000. Finally, Boston Trust Walden Corp increased its stake in shares of Eaton by 1,560.4% during the first quarter. Boston Trust Walden Corp now owns 58,793 shares of the industrial products company’s stock valued at $21,028,000 after purchasing an additional 55,252 shares in the last quarter. 82.97% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

ETN has been the subject of several recent research reports. Weiss Ratings raised Eaton from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Friday, August 28th. Wall Street Zen lowered Eaton from a “buy” rating to a “hold” rating in a research report on Sunday, August 16th. Morgan Stanley lifted their price objective on Eaton from $500.00 to $520.00 and gave the company an “overweight” rating in a research note on Friday, August 28th. Citigroup boosted their target price on Eaton from $471.00 to $485.00 and gave the stock a “buy” rating in a report on Monday, August 3rd. Finally, UBS Group upgraded Eaton from a “neutral” rating to a “buy” rating and raised their price target for the company from $450.00 to $515.00 in a report on Monday, September 7th. Two analysts have rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat, Eaton currently has an average rating of “Buy” and a consensus target price of $451.62.

Eaton Stock Up 1.5%

Shares of ETN traded up $5.85 on Wednesday, hitting $398.25. 1,810,395 shares of the stock traded hands, compared to its average volume of 2,559,854. The company has a market capitalization of $154.68 billion, a PE ratio of 40.51, a P/E/G ratio of 2.48 and a beta of 1.17. 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 business has a 50 day simple moving average of $415.73 and a 200 day simple moving average of $399.93. Eaton Corporation, PLC has a one year low of $311.92 and a one year high of $478.00.

Eaton (NYSE:ETN) last released its quarterly earnings data on Friday, July 31st. The industrial products company reported $3.15 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.08 by $0.07. The business had revenue of $8.53 billion for the quarter, compared to analysts’ expectations of $8.16 billion. Eaton had a return on equity of 24.58% and a net margin of 12.75%.The firm’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. As a group, equities analysts forecast that Eaton Corporation, PLC will post 13.56 earnings per share for the current fiscal year.

Eaton Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, August 28th. Investors of record on Friday, August 7th were given a dividend of $1.10 per share. The ex-dividend date of this dividend was Friday, August 7th. This represents a $4.40 annualized dividend and a dividend yield of 1.1%. Eaton’s dividend payout ratio (DPR) is 44.76%.

Insider Buying and Selling

In other Eaton news, Director Gerald Johnson bought 130 shares of the firm’s stock in a transaction on Thursday, August 13th. The stock was acquired at an average price of $455.90 per share, with a total value of $59,267.00. Following the transaction, the director 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 acquisition was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Adam Wadecki sold 525 shares of the company’s stock in a transaction dated 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 owned 1,054 shares in the company, valued at $464,329.16. This represents a 33.25% decrease in their position. The disclosure for this sale is available in the SEC filing. 0.10% of the stock is owned by corporate insiders.

About Eaton

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.