Beacon Investment Advisory Services Inc. Sells 1,831 Shares of Eaton Corporation, PLC $ETN

Beacon Investment Advisory Services Inc. reduced its position in Eaton Corporation, PLC (NYSE:ETN) by 3.2% in the 2nd quarter, according to its most recent filing with the SEC. The firm owned 55,706 shares of the industrial products company’s stock after selling 1,831 shares during the period. Beacon Investment Advisory Services Inc.’s holdings in Eaton were worth $23,737,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in the company. Clal Insurance Enterprises Holdings Ltd increased its position in Eaton by 239,384.8% in the fourth quarter. Clal Insurance Enterprises Holdings Ltd now owns 158,060 shares of the industrial products company’s stock worth $50,344,000 after purchasing an additional 157,994 shares during the period. Pioneer Trust Bank N A OR lifted its position in Eaton by 669.1% during 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 purchasing an additional 5,420 shares during the period. Burling Wealth Partners LLC boosted its stake in shares of 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 purchasing an additional 4,366 shares during the last quarter. Entropy Technologies LP acquired a new stake in shares of Eaton during the 4th quarter worth approximately $14,786,000. Finally, S&CO Inc. bought a new stake in shares of Eaton during the second quarter worth approximately $3,824,000. Institutional investors and hedge funds own 82.97% of the company’s stock.

Insiders Place Their Bets

In related news, Director Gerald Johnson bought 130 shares of the business’s stock in a transaction dated Thursday, August 13th. The stock was bought at an average price of $455.90 per share, for a total transaction of $59,267.00. Following the purchase, the director owned 1,829 shares in the company, valued at $833,841.10. This represents a 7.65% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Adam A. Wadecki sold 525 shares of the company’s stock in a transaction dated Tuesday, August 4th. The shares were sold at an average price of $440.54, for a total transaction of $231,283.50. Following the completion of the transaction, the insider owned 1,054 shares in the company, valued at approximately $464,329.16. This trade represents a 33.25% decrease in their position. The disclosure for this sale is available in the SEC filing. Company insiders own 0.10% of the company’s stock.

Eaton Trading Up 2.8%

Shares of NYSE:ETN opened at $422.28 on Wednesday. Eaton Corporation, PLC has a 52-week low of $311.92 and a 52-week high of $478.00. 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 capitalization of $164.01 billion, a P/E ratio of 42.96, a price-to-earnings-growth ratio of 2.60 and a beta of 1.17. The company has a 50-day simple moving average of $415.39 and a 200 day simple moving average of $398.69.

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, topping analysts’ consensus estimates of $3.08 by $0.07. Eaton had a return on equity of 24.58% and a net margin of 12.75%.The firm had revenue of $8.53 billion for the quarter, compared to the consensus estimate of $8.16 billion. During the same quarter in the previous year, the business earned $2.95 earnings per share. The business’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 forecast that Eaton Corporation, PLC will post 13.56 earnings per share for the current year.

Eaton Dividend Announcement

The firm 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 of this dividend was Friday, August 7th. This represents a $4.40 annualized dividend and a yield of 1.0%. Eaton’s dividend payout ratio (DPR) is currently 44.76%.

Analysts Set New Price Targets

Several research analysts have recently issued reports on ETN shares. Sanford C. Bernstein restated an “outperform” rating on shares of Eaton in a research report on Monday, August 3rd. Citigroup lifted their price target on Eaton from $471.00 to $485.00 and gave the company a “buy” rating in a research note on Monday, August 3rd. UBS Group raised shares of Eaton from a “neutral” rating to a “buy” rating and boosted their price objective for the stock from $450.00 to $515.00 in a research report on Monday. BMO Capital Markets raised their price target on Eaton from $477.00 to $487.00 and gave the company an “outperform” rating in a research note on Monday, August 3rd. Finally, Morgan Stanley increased their price objective on Eaton from $500.00 to $520.00 and gave the company an “overweight” rating in a report on Friday, August 28th. Three investment analysts have rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Buy” and a consensus price target of $450.61.

About Eaton

Eaton plc is a power management company that helps businesses, utilities, data centers, industrial facilities and other customers manage electrical, hydraulic and mechanical power more safely and efficiently. Its products and systems support power distribution, circuit protection, power quality, backup power, industrial automation and energy management.

The company also supplies aerospace systems, including hydraulic, fuel, motion-control and air-management equipment, as well as components and systems for commercial and military aircraft.