Isthmus Partners LLC Buys Shares of 1,695 Eaton Corporation, PLC $ETN

Isthmus Partners LLC bought a new stake in shares of Eaton Corporation, PLC (NYSE:ETN) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm bought 1,695 shares of the industrial products company’s stock, valued at approximately $540,000.

Several other hedge funds and other institutional investors have also bought and sold shares of the stock. Fayez Sarofim & Co boosted its position in Eaton by 3.4% during the 3rd quarter. Fayez Sarofim & Co now owns 1,256,177 shares of the industrial products company’s stock valued at $474,444,000 after acquiring an additional 40,792 shares in the last quarter. Williams Jones Wealth Management LLC. boosted its position in shares of Eaton by 3.3% in the 3rd quarter. Williams Jones Wealth Management LLC. now owns 515,587 shares of the industrial products company’s stock worth $192,958,000 after purchasing an additional 16,422 shares in the last quarter. SG Americas Securities LLC boosted its position in shares of Eaton by 438.9% in the 4th quarter. SG Americas Securities LLC now owns 364,877 shares of the industrial products company’s stock worth $116,217,000 after purchasing an additional 297,166 shares in the last quarter. PFA Pension Forsikringsaktieselskab acquired a new stake in shares of Eaton in the 4th quarter worth $97,989,000. Finally, Bartlett & CO. Wealth Management LLC boosted its position in shares of Eaton by 9.2% in the 4th quarter. Bartlett & CO. Wealth Management LLC now owns 238,030 shares of the industrial products company’s stock worth $75,815,000 after purchasing an additional 19,958 shares in the last quarter. Institutional investors own 82.97% of the company’s stock.

Analyst Ratings Changes

ETN has been the subject of a number of recent analyst reports. Evercore set a $453.00 price objective on Eaton in a research report on Monday, May 11th. Wells Fargo & Company raised their price objective on Eaton from $350.00 to $425.00 and gave the stock an “equal weight” rating in a research report on Wednesday, May 6th. Barclays raised their price objective on Eaton from $340.00 to $392.00 and gave the stock an “equal weight” rating in a research report on Wednesday, May 6th. Royal Bank Of Canada raised their price objective on Eaton from $457.00 to $484.00 and gave the stock an “outperform” rating in a research report on Wednesday, May 6th. Finally, Sanford C. Bernstein reissued an “outperform” rating on shares of Eaton in a research report on Tuesday, January 27th. Two equities research analysts have rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating and five have issued a Hold rating to the company. Based on data from MarketBeat.com, Eaton has an average rating of “Moderate Buy” and an average target price of $420.95.

Insider Transactions at Eaton

In related news, insider Antonio Galvao sold 494 shares of the firm’s stock in a transaction on Wednesday, May 13th. The stock was sold at an average price of $405.86, for a total value of $200,494.84. Following the completion of the transaction, the insider owned 9,175 shares in the company, valued at $3,723,765.50. This trade represents a 5.11% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Peter Denk sold 2,000 shares of Eaton stock in a transaction dated Wednesday, May 6th. The shares were sold at an average price of $417.94, for a total value of $835,880.00. Following the transaction, the insider owned 7,102 shares of the company’s stock, valued at $2,968,209.88. The trade was a 21.97% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders have sold 20,861 shares of company stock worth $8,550,498. Insiders own 0.10% of the company’s stock.

Eaton Stock Performance

Shares of ETN stock opened at $400.02 on Friday. The firm has a market capitalization of $155.33 billion, a price-to-earnings ratio of 39.10, a price-to-earnings-growth ratio of 2.57 and a beta of 1.24. The company has a debt-to-equity ratio of 0.94, a current ratio of 1.19 and a quick ratio of 0.75. The business has a fifty day moving average of $384.79 and a 200 day moving average of $362.26. Eaton Corporation, PLC has a 1 year low of $311.90 and a 1 year high of $435.43.

Eaton (NYSE:ETN) last issued its earnings results on Tuesday, May 5th. The industrial products company reported $2.81 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.73 by $0.08. The company had revenue of $7.45 billion during the quarter, compared to analyst estimates of $7.14 billion. Eaton had a return on equity of 24.72% and a net margin of 13.99%.The firm’s quarterly revenue was up 16.8% on a year-over-year basis. During the same quarter last year, the business posted $2.72 EPS. Eaton has set its Q2 2026 guidance at 3.000-3.100 EPS and its FY 2026 guidance at 13.050-13.500 EPS. As a group, research analysts expect that Eaton Corporation, PLC will post 13.33 earnings per share for the current year.

Eaton Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, May 29th. Investors of record on Friday, May 8th will be paid a $1.10 dividend. The ex-dividend date is Friday, May 8th. This represents a $4.40 dividend on an annualized basis and a yield of 1.1%. Eaton’s dividend payout ratio (DPR) is 43.01%.

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.