Eaton (NYSE:ETN) Insider Heath Monesmith Sells 18,036 Shares of Stock

Eaton Corporation, PLC (NYSE:ETN) insider Heath Monesmith sold 18,036 shares of Eaton stock in a transaction that occurred on Tuesday, August 11th. The shares were sold at an average price of $458.04, for a total transaction of $8,261,209.44. Following the completion of the transaction, the insider owned 50,368 shares of the company’s stock, valued at $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 is accessible through this link.

Eaton Price Performance

Eaton stock opened at $453.71 on Friday. 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 52-week low of $311.92 and a 52-week high of $478.00. The firm has a market cap of $176.22 billion, a PE ratio of 46.16, a price-to-earnings-growth ratio of 2.91 and a beta of 1.18. The company’s 50 day moving average is $412.53 and its two-hundred day moving average is $392.72.

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. Eaton had a net margin of 12.75% and a return on equity of 24.58%. The business had revenue of $8.53 billion during the quarter, compared to the consensus estimate of $8.16 billion. During the same quarter in the previous year, the firm posted $2.95 earnings per share. The company’s quarterly 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. On average, research analysts expect that Eaton Corporation, PLC will post 13.54 EPS for the current fiscal year.

Eaton Announces Dividend

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

Institutional Investors Weigh In On Eaton

Several hedge funds and other institutional investors have recently made changes to their positions in ETN. Brighton Jones LLC boosted its holdings in Eaton by 1.4% in the fourth quarter. Brighton Jones LLC now owns 3,341 shares of the industrial products company’s stock valued at $1,109,000 after purchasing an additional 45 shares in the last quarter. Revolve Wealth Partners LLC increased its stake in Eaton by 17.5% in the fourth quarter. Revolve Wealth Partners LLC now owns 913 shares of the industrial products company’s stock valued at $303,000 after purchasing an additional 136 shares during the last quarter. Empowered Funds LLC raised its holdings in 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. purchased a new stake in shares of Eaton during the 2nd quarter worth approximately $259,000. Finally, Tandem Wealth Advisors LLC lifted its position in shares of Eaton by 70.1% during the 2nd 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. Institutional investors and hedge funds own 82.97% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have recently issued reports on ETN shares. Wells Fargo & Company lifted their price objective on Eaton from $350.00 to $425.00 and gave the company an “equal weight” rating in a research note on Wednesday, May 6th. Morgan Stanley restated an “overweight” rating and set a $500.00 target price on shares of Eaton in a research note on Sunday, May 10th. Sanford C. Bernstein reaffirmed an “outperform” rating on shares of Eaton in a report on Monday, August 3rd. Royal Bank Of Canada lifted their price target on shares of Eaton from $484.00 to $512.00 and gave the stock an “outperform” rating in a research note on Monday, August 3rd. Finally, Barclays boosted their price target on shares of Eaton from $340.00 to $392.00 and gave the stock an “equal weight” rating in a report on Wednesday, May 6th. Two equities research analysts have rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and four have given a Hold rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $431.78.

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.