Eaton Corporation, PLC $ETN Shares Sold by State of Alaska Department of Revenue

State of Alaska Department of Revenue lowered its holdings in shares of Eaton Corporation, PLC (NYSE:ETN) by 3.3% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 36,795 shares of the industrial products company’s stock after selling 1,252 shares during the quarter. State of Alaska Department of Revenue’s holdings in Eaton were worth $15,811,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Envestnet Portfolio Solutions Inc. boosted its stake in Eaton by 5.5% in the 2nd quarter. Envestnet Portfolio Solutions Inc. now owns 69,297 shares of the industrial products company’s stock worth $29,529,000 after purchasing an additional 3,638 shares during the period. Wedmont Private Capital raised its position in shares of Eaton by 69.6% during the third quarter. Wedmont Private Capital now owns 11,413 shares of the industrial products company’s stock valued at $4,845,000 after buying an additional 4,684 shares during the last quarter. QRG Capital Management Inc. raised its position in shares of Eaton by 11.7% during the second quarter. QRG Capital Management Inc. now owns 90,731 shares of the industrial products company’s stock valued at $38,662,000 after buying an additional 9,491 shares during the last quarter. Ameritas Advisory Services LLC lifted its holdings in shares of Eaton by 667.9% in the second quarter. Ameritas Advisory Services LLC now owns 7,556 shares of the industrial products company’s stock worth $3,220,000 after buying an additional 6,572 shares in the last quarter. Finally, S&CO Inc. purchased a new position in shares of Eaton in the second quarter worth $3,824,000. Institutional investors own 82.97% of the company’s stock.

Eaton Price Performance

ETN stock traded down $9.24 during trading on Thursday, hitting $399.61. 2,768,939 shares of the company’s stock traded hands, compared to its average volume of 2,508,135. Eaton Corporation, PLC has a 52 week low of $311.92 and a 52 week high of $478.00. The stock has a market capitalization of $155.21 billion, a price-to-earnings ratio of 40.66, a P/E/G ratio of 2.49 and a beta of 1.13. The business has a fifty day simple moving average of $425.12 and a 200 day simple moving average of $410.06. 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 (NYSE:ETN) last posted its 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. The firm had revenue of $8.53 billion for the quarter, compared to the consensus estimate of $8.16 billion. Eaton had a net margin of 12.75% and a return on equity of 24.58%. The business’s quarterly revenue was up 21.4% on a year-over-year basis. During the same period in the previous year, the firm posted $2.95 EPS. Eaton has set its Q3 2026 guidance at 3.460-3.560 EPS and its FY 2026 guidance at 13.400-13.600 EPS. As a group, research analysts expect that Eaton Corporation, PLC will post 13.57 EPS for the current fiscal year.

Eaton Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, August 28th. Shareholders of record on Friday, August 7th were 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 was Friday, August 7th. Eaton’s payout ratio is presently 44.76%.

Analysts Set New Price Targets

A number of brokerages recently weighed in on ETN. Raymond James Financial upped their target price on shares of Eaton from $465.00 to $525.00 and gave the stock an “outperform” rating in a research report on Wednesday, August 5th. BMO Capital Markets lifted their price target on shares of Eaton from $477.00 to $487.00 and gave the company an “outperform” rating in a report on Monday, August 3rd. Wells Fargo & Company assumed coverage on shares of Eaton in a research note on Thursday, September 24th. They issued an “overweight” rating and a $503.00 price target on the stock. Sanford C. Bernstein reissued an “outperform” rating and set a $534.00 price objective (up from $509.00) on shares of Eaton in a report on Monday, August 3rd. Finally, Weiss Ratings upgraded Eaton from a “buy (b-)” rating to a “buy (b)” rating in a research report on Thursday, October 8th. One research analyst has rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $481.41.

Insiders Place Their Bets

In other Eaton news, insider Adam Wadecki sold 525 shares of the company’s stock in a transaction that occurred on Tuesday, August 4th. The stock was sold at an average price of $440.54, for a total transaction of $231,283.50. Following the sale, the insider directly owned 1,054 shares in the company, valued at $464,329.16. This represents a 33.25% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, insider Heath Monesmith sold 18,036 shares of the firm’s stock in a transaction that occurred on Tuesday, August 11th. The shares were sold at an average price of $458.04, for a total value of $8,261,209.44. Following the completion of the sale, the insider directly owned 50,368 shares of the company’s stock, valued at $23,070,558.72. The trade was a 26.37% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 0.10% of the stock is currently owned by insiders.

About Eaton

Eaton Corporation plc (NYSE: ETN) is a global power management company that helps customers manage electrical, hydraulic and mechanical power more safely, efficiently and reliably. Its products and systems serve commercial, industrial, utility, data center, residential, aerospace, vehicle and mobility applications.

The company’s electrical businesses provide circuit protection and control equipment, power distribution systems, connectivity solutions, backup power and other technologies used to support critical infrastructure and improve energy efficiency.