Field & Main Bank Purchases Shares of 8,505 Eaton Corporation, PLC $ETN

Field & Main Bank acquired a new position in shares of Eaton Corporation, PLC (NYSE:ETN) in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 8,505 shares of the industrial products company’s stock, valued at approximately $3,624,000.

Other large investors also recently modified their holdings of the company. Brighton Jones LLC grew its holdings in 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 buying an additional 45 shares in the last quarter. Revolve Wealth Partners LLC lifted its stake in Eaton by 17.5% during the 4th quarter. Revolve Wealth Partners LLC now owns 913 shares of the industrial products company’s stock valued at $303,000 after acquiring an additional 136 shares in the last quarter. Empowered Funds LLC lifted its stake in Eaton by 5.6% during the 1st quarter. Empowered Funds LLC now owns 9,402 shares of the industrial products company’s stock valued at $2,556,000 after acquiring an additional 496 shares in the last quarter. Vista Capital Partners Inc. purchased a new position in Eaton during the 2nd quarter worth $259,000. Finally, Tandem Wealth Advisors LLC grew its stake in shares of Eaton by 70.1% in the 2nd quarter. Tandem Wealth Advisors LLC now owns 2,216 shares of the industrial products company’s stock worth $791,000 after acquiring an additional 913 shares in the last quarter. Institutional investors own 82.97% of the company’s stock.

Eaton Price Performance

ETN opened at $402.56 on Friday. The firm has a market cap of $156.35 billion, a P/E ratio of 40.95, a PEG ratio of 2.63 and a beta of 1.18. The firm has a 50-day moving average of $417.02 and a 200 day moving average of $397.78. The company has a debt-to-equity ratio of 0.91, a quick ratio of 0.79 and a current ratio of 1.24. Eaton Corporation, PLC has a fifty-two week low of $311.92 and a fifty-two week high of $478.00.

Eaton (NYSE:ETN) last announced its quarterly earnings data 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 for the quarter, compared to analyst estimates of $8.16 billion. Eaton had a net margin of 12.75% and a return on equity of 24.58%. The company’s revenue for the quarter was up 21.4% on a year-over-year basis. 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. On average, research analysts expect that Eaton Corporation, PLC will post 13.55 EPS for the current year.

Eaton Dividend Announcement

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

Wall Street Analyst Weigh In

Several brokerages have recently commented on ETN. BMO Capital Markets increased their target price on shares of Eaton from $477.00 to $487.00 and gave the company an “outperform” rating in a report on Monday, August 3rd. Royal Bank Of Canada upped their price objective on shares of Eaton from $484.00 to $512.00 and gave the stock an “outperform” rating in a research report on Monday, August 3rd. Wall Street Zen lowered shares of Eaton from a “buy” rating to a “hold” rating in a research note on Sunday, August 16th. Robert W. Baird set a $500.00 target price on Eaton and gave the stock an “outperform” rating in a research note on Thursday, August 20th. Finally, Wells Fargo & Company upped their target price on Eaton from $350.00 to $425.00 and gave the company an “equal weight” rating in a report on Wednesday, May 6th. Three equities research analysts have rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and four have assigned a Hold rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $442.00.

Insider Buying and Selling at Eaton

In other news, insider Heath B. Monesmith sold 18,036 shares of the company’s stock in a transaction on Tuesday, August 11th. The stock was sold at an average price of $458.04, for a total transaction of $8,261,209.44. Following the transaction, the insider owned 50,368 shares of the company’s stock, valued at $23,070,558.72. This represents a 26.37% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Gerald Johnson acquired 130 shares of the firm’s stock in a transaction that occurred on Thursday, August 13th. The stock was purchased at an average cost of $455.90 per share, with a total value of $59,267.00. Following the acquisition, the director owned 1,829 shares in the company, valued at $833,841.10. The trade was a 7.65% increase in their position. The SEC filing for this purchase provides additional information. 0.10% of the stock is owned by corporate insiders.

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.