Eaton Corporation, PLC $ETN Stock Bought by Wedmont Private Capital

Wedmont Private Capital lifted its stake in shares of Eaton Corporation, PLC (NYSE:ETN) by 69.6% during the 3rd quarter, Holdings Channel reports. The fund owned 11,413 shares of the industrial products company’s stock after buying an additional 4,684 shares during the quarter. Wedmont Private Capital’s holdings in Eaton were worth $4,845,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Envestnet Portfolio Solutions Inc. increased its stake in Eaton by 5.5% during the second quarter. Envestnet Portfolio Solutions Inc. now owns 69,297 shares of the industrial products company’s stock worth $29,529,000 after acquiring an additional 3,638 shares during the last quarter. QRG Capital Management Inc. increased its position in shares of Eaton by 11.7% during the 2nd quarter. QRG Capital Management Inc. now owns 90,731 shares of the industrial products company’s stock worth $38,662,000 after purchasing an additional 9,491 shares during the last quarter. Clal Insurance Enterprises Holdings Ltd raised its holdings in Eaton by 239,384.8% in the 4th quarter. Clal Insurance Enterprises Holdings Ltd now owns 158,060 shares of the industrial products company’s stock valued at $50,344,000 after buying an additional 157,994 shares during the period. Ameritas Advisory Services LLC lifted its position in Eaton by 667.9% in the second quarter. Ameritas Advisory Services LLC now owns 7,556 shares of the industrial products company’s stock valued at $3,220,000 after buying an additional 6,572 shares during the last quarter. Finally, Entropy Technologies LP acquired a new stake in shares of Eaton during the fourth quarter valued at about $14,786,000. 82.97% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

ETN has been the topic of several recent analyst reports. BNP Paribas Exane upped their price objective on shares of Eaton from $490.00 to $500.00 and gave the stock an “outperform” rating in a report on Monday, August 3rd. Robert W. Baird set a $500.00 target price on shares of Eaton and gave the company an “outperform” rating in a report on Thursday, August 20th. UBS Group upgraded Eaton from a “neutral” rating to a “buy” rating and upped their price target for the stock from $450.00 to $515.00 in a research note on Monday, September 7th. 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. Finally, HSBC boosted their price objective on Eaton from $440.00 to $460.00 and gave the company a “buy” rating in a report on Monday, August 3rd. One research analyst has rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $480.18.

Insider Buying and Selling at Eaton

In other news, 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 transaction, the insider owned 50,368 shares in the company, valued at approximately $23,070,558.72. This trade represents a 26.37% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Adam Wadecki sold 525 shares of the company’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 sale, the insider owned 1,054 shares in the company, valued at $464,329.16. The trade was a 33.25% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 0.10% of the stock is owned by corporate insiders.

Eaton Stock Up 1.5%

Eaton stock traded up $6.23 during mid-day trading on Friday, reaching $430.74. 692,368 shares of the company’s stock were exchanged, compared to its average volume of 2,509,132. The company has a quick ratio of 0.79, a current ratio of 1.24 and a debt-to-equity ratio of 0.91. Eaton Corporation, PLC has a twelve month low of $311.92 and a twelve month high of $478.00. The company has a market cap of $167.30 billion, a P/E ratio of 43.75, a P/E/G ratio of 2.50 and a beta of 1.13. The company has a fifty day moving average of $426.18 and a 200-day moving average of $408.47.

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 the consensus estimate of $3.08 by $0.07. The business had revenue of $8.53 billion during the quarter, compared to the consensus estimate of $8.16 billion. Eaton had a net margin of 12.75% and a return on equity of 24.58%. The company’s quarterly revenue was up 21.4% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $2.95 earnings per share. Eaton has set its Q3 2026 guidance at 3.460-3.560 EPS and its FY 2026 guidance at 13.400-13.600 EPS. Sell-side analysts expect that Eaton Corporation, PLC will post 13.57 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 issued a dividend of $1.10 per share. The ex-dividend date was Friday, August 7th. This represents a $4.40 annualized dividend and a yield of 1.0%. Eaton’s dividend payout ratio is 44.76%.

Eaton Company Profile

Eaton Corporation plc (NYSE: ETN) is a global power management company that helps customers manage electrical, hydraulic and mechanical power more safely, efficiently and reliably. Its products and systems serve commercial, industrial, utility, data center, residential, aerospace, vehicle and mobility applications.

The company’s electrical businesses provide circuit protection and control equipment, power distribution systems, connectivity solutions, backup power and other technologies used to support critical infrastructure and improve energy efficiency.