Pioneer Trust Bank N A OR Raises Holdings in Eaton Corporation, PLC $ETN

Pioneer Trust Bank N A OR increased its position in shares of Eaton Corporation, PLC (NYSE:ETN) by 669.1% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 6,230 shares of the industrial products company’s stock after purchasing an additional 5,420 shares during the quarter. Pioneer Trust Bank N A OR’s holdings in Eaton were worth $1,984,000 as of its most recent filing with the SEC.

Several other large investors have also recently made changes to their positions in ETN. Brighton Jones LLC increased its position in shares of Eaton by 1.4% during the fourth quarter. Brighton Jones LLC now owns 3,341 shares of the industrial products company’s stock worth $1,109,000 after purchasing an additional 45 shares in the last quarter. Revolve Wealth Partners LLC increased its position in shares of Eaton by 17.5% during the fourth quarter. Revolve Wealth Partners LLC now owns 913 shares of the industrial products company’s stock worth $303,000 after purchasing an additional 136 shares in the last quarter. Empowered Funds LLC increased its position in shares of Eaton by 5.6% during the first quarter. Empowered Funds LLC now owns 9,402 shares of the industrial products company’s stock worth $2,556,000 after purchasing an additional 496 shares in the last quarter. Vista Capital Partners Inc. acquired a new position in Eaton during the second quarter worth $259,000. Finally, Tandem Wealth Advisors LLC boosted its stake in Eaton by 70.1% during the second quarter. Tandem Wealth Advisors LLC now owns 2,216 shares of the industrial products company’s stock worth $791,000 after buying an additional 913 shares during the last quarter. 82.97% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In other news, Director Gerald Johnson bought 746 shares of the stock in a transaction that occurred on Friday, May 8th. The stock was bought at an average cost of $402.29 per share, for a total transaction of $300,108.34. Following the acquisition, the director directly owned 1,414 shares of the company’s stock, valued at $568,838.06. The trade was a 111.68% increase in their position. The purchase was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Heath B. Monesmith sold 18,367 shares of the firm’s stock in a transaction dated Wednesday, May 6th. The shares were sold at an average price of $409.11, for a total value of $7,514,123.37. Following the transaction, the insider owned 49,822 shares of the company’s stock, valued at $20,382,678.42. This trade represents a 26.94% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 21,028 shares of company stock worth $8,614,793 in the last quarter. Insiders own 0.10% of the company’s stock.

Analyst Upgrades and Downgrades

ETN has been the topic of several analyst reports. BMO Capital Markets initiated coverage on Eaton in a report on Friday, March 27th. They set an “outperform” rating and a $428.00 price target on the stock. Sanford C. Bernstein restated an “outperform” rating on shares of Eaton in a research report on Tuesday, January 27th. Wells Fargo & Company raised their price objective on shares of Eaton from $350.00 to $425.00 and gave the stock an “equal weight” rating in a research report on Wednesday, May 6th. KeyCorp raised their price objective on shares of Eaton from $420.00 to $480.00 and gave the stock an “overweight” rating in a research report on Wednesday, May 6th. Finally, Citigroup raised their price objective 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. Two investment analysts have rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating and four have issued a Hold rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $420.95.

Eaton Trading Up 0.1%

Shares of ETN stock opened at $391.73 on Tuesday. The company has a debt-to-equity ratio of 0.94, a current ratio of 1.19 and a quick ratio of 0.75. The firm has a market cap of $152.11 billion, a PE ratio of 38.29, a price-to-earnings-growth ratio of 2.51 and a beta of 1.24. The company has a 50-day moving average of $388.28 and a two-hundred day moving average of $362.17. Eaton Corporation, PLC has a 1-year low of $311.90 and a 1-year high of $435.43.

Eaton (NYSE:ETN) last announced its earnings results on Tuesday, May 5th. The industrial products company reported $2.81 earnings per share 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 revenue was up 16.8% compared to the same quarter last year. During the same quarter last year, the firm posted $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. On average, analysts predict that Eaton Corporation, PLC will post 13.33 EPS for the current year.

Eaton Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, May 29th. Shareholders of record on Friday, May 8th will be paid a dividend of $1.10 per share. This represents a $4.40 annualized dividend and a yield of 1.1%. The ex-dividend date of this dividend is Friday, May 8th. Eaton’s dividend payout ratio (DPR) is 43.01%.

Eaton Company Profile

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.