Eaton Corporation, PLC $ETN Shares Sold by Neville Rodie & Shaw Inc.

Neville Rodie & Shaw Inc. lessened its holdings in shares of Eaton Corporation, PLC (NYSE:ETN) by 7.0% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 20,525 shares of the industrial products company’s stock after selling 1,553 shares during the quarter. Neville Rodie & Shaw Inc.’s holdings in Eaton were worth $8,746,000 at the end of the most recent quarter.

Other hedge funds have also made changes to their positions in the company. Bartlett & CO. Wealth Management LLC increased its stake in Eaton by 9.2% in the fourth quarter. Bartlett & CO. Wealth Management LLC now owns 238,030 shares of the industrial products company’s stock valued at $75,815,000 after purchasing an additional 19,958 shares during the last quarter. Clal Insurance Enterprises Holdings Ltd boosted its stake 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 worth $50,344,000 after buying an additional 157,994 shares during the last quarter. Burling Wealth Partners LLC grew its holdings in Eaton by 63.0% in the 4th quarter. Burling Wealth Partners LLC now owns 11,296 shares of the industrial products company’s stock valued at $3,598,000 after buying an additional 4,366 shares during the period. Pioneer Trust Bank N A OR grew its holdings in Eaton by 669.1% in the 4th quarter. Pioneer Trust Bank N A OR now owns 6,230 shares of the industrial products company’s stock valued at $1,984,000 after buying an additional 5,420 shares during the period. Finally, Entropy Technologies LP acquired a new position in shares of Eaton during the 4th quarter valued at about $14,786,000. Institutional investors and hedge funds own 82.97% of the company’s stock.

Eaton Stock Up 1.4%

ETN opened at $444.36 on Wednesday. Eaton Corporation, PLC has a 1 year low of $311.92 and a 1 year high of $451.96. The firm has a 50 day moving average price of $406.63 and a 200 day moving average price of $387.08. 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 $172.59 billion, a PE ratio of 45.20, a price-to-earnings-growth ratio of 2.78 and a beta of 1.18.

Eaton (NYSE:ETN) last announced its quarterly earnings results 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 net margin of 12.75% and a return on equity of 24.58%. The firm had revenue of $8.53 billion for the quarter, compared to analysts’ expectations of $8.16 billion. During the same period in the previous year, the company posted $2.95 earnings per share. Eaton’s revenue 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. Sell-side analysts expect that Eaton Corporation, PLC will post 13.52 earnings per share for the current year.

Eaton Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, August 28th. Investors of record on Friday, August 7th will be issued a dividend of $1.10 per share. The ex-dividend date is Friday, August 7th. This represents a $4.40 annualized dividend and a dividend yield of 1.0%. Eaton’s payout ratio is presently 44.76%.

Insider Buying and Selling

In related news, Director Gerald Johnson purchased 215 shares of the stock in a transaction that occurred on Monday, May 11th. The stock was purchased at an average cost of $419.02 per share, for a total transaction of $90,089.30. Following the acquisition, the director owned 1,629 shares in the company, valued at approximately $682,583.58. This trade represents a 15.21% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Antonio Galvao sold 494 shares of the firm’s stock in a transaction dated Wednesday, May 13th. The shares were sold at an average price of $405.86, for a total value of $200,494.84. Following the completion of the transaction, the insider directly owned 9,175 shares in the company, valued at $3,723,765.50. This trade represents a 5.11% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 0.10% of the stock is owned by corporate insiders.

Eaton News Roundup

Here are the key news stories impacting Eaton this week:

• Positive Sentiment: Strong Q2 performance: Eaton reported record sales of approximately $8.5 billion, up 21% year over year, while adjusted earnings per share of $3.15 exceeded the $3.08 consensus estimate. Segment margins reached 23.1%, above the high end of management’s guidance. Eaton rises after record Q2 results and higher full-year outlook
• Positive Sentiment: Raised guidance: Eaton increased its full-year 2026 adjusted EPS outlook to $13.40–$13.60 and lifted organic-growth guidance to 11%–13%. Third-quarter EPS guidance was set at $3.46–$3.56, signaling confidence in continued execution. Eaton Analysts Boost Their Forecasts After Strong Q2 Earnings
• Positive Sentiment: Data-center demand remains a major catalyst: Electrical Americas orders rose 41%, Electrical Global orders increased 33%, and electrical-sector data-center orders surged about 85% from the prior-year quarter. RBC said Eaton’s construction backlog positions it well for an expected data-center growth cycle. Eaton Well-Positioned for Growth Surge Based on Data Center Construction Backlog
• Positive Sentiment: Analyst support improved: BMO Capital Markets raised its price target to $487 from $477 and maintained an Outperform rating. Other analysts also boosted forecasts after the earnings report, reflecting stronger expectations for Eaton’s growth and profitability. Eaton Analysts Boost Their Forecasts After Strong Q2 Earnings
• Neutral Sentiment: Long-term performance and valuation: Coverage highlighted Eaton’s strong decade-long investment performance, but the stock trades at a relatively high valuation, with a price-to-earnings ratio above 45. Its median analyst price target of $430 is below the cited trading level, although several targets are higher.
• Negative Sentiment: Insider selling: Insiders reported several open-market sales during the past six months and no purchases. The transactions may raise a modest sentiment concern, although they do not directly challenge Eaton’s improved operating outlook.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on the stock. KeyCorp boosted their target price on shares of Eaton from $420.00 to $480.00 and gave the company an “overweight” rating in a report on Wednesday, May 6th. Evercore raised shares of Eaton from an “in-line” rating to an “outperform” rating and set a $502.00 price target on the stock in a research note on Monday. Sanford C. Bernstein reissued an “outperform” rating on shares of Eaton in a research note on Monday. Weiss Ratings downgraded Eaton from a “buy (b)” rating to a “buy (b-)” rating in a report on Monday, May 18th. Finally, Citigroup increased their target price on Eaton from $471.00 to $485.00 and gave the stock a “buy” rating in a research report on Monday. Two analysts have rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating and four have assigned a Hold rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $430.89.

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.