Cullen Frost Bankers Inc. Decreases Stake in Eaton Corporation, PLC $ETN

Cullen Frost Bankers Inc. lowered its holdings in Eaton Corporation, PLC (NYSE:ETN) by 4.0% in the 4th quarter, Holdings Channel reports. The firm owned 156,127 shares of the industrial products company’s stock after selling 6,507 shares during the period. Cullen Frost Bankers Inc.’s holdings in Eaton were worth $49,728,000 as of its most recent SEC filing.

Several other hedge funds have also recently modified their holdings of the business. PFA Pension Forsikringsaktieselskab purchased a new stake in Eaton during the 4th quarter worth approximately $97,989,000. SG Americas Securities LLC increased its stake in Eaton by 438.9% during the 4th quarter. SG Americas Securities LLC now owns 364,877 shares of the industrial products company’s stock worth $116,217,000 after buying an additional 297,166 shares in the last quarter. Fayez Sarofim & Co increased its stake 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 worth $474,444,000 after buying an additional 40,792 shares in the last quarter. Norris Perne & French LLP MI purchased a new stake in Eaton during the 4th quarter worth approximately $7,893,000. Finally, Bartlett & CO. Wealth Management LLC increased its stake in Eaton by 9.2% during 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 buying an additional 19,958 shares in the last quarter. Hedge funds and other institutional investors own 82.97% of the company’s stock.

Eaton Price Performance

ETN stock opened at $371.62 on Wednesday. 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 50 day simple moving average of $385.78 and a 200-day simple moving average of $362.07. The firm has a market capitalization of $144.30 billion, a PE ratio of 36.33, a price-to-earnings-growth ratio of 2.45 and a beta of 1.24. Eaton Corporation, PLC has a 1 year low of $311.90 and a 1 year high of $435.43.

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

Eaton Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, May 29th. Investors of record on Friday, May 8th will be issued 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 1.2%. Eaton’s dividend payout ratio is currently 43.01%.

Insiders Place Their Bets

In related news, insider Heath B. Monesmith sold 18,367 shares of the company’s stock in a transaction that occurred on Wednesday, May 6th. The stock was sold at an average price of $409.11, for a total value of $7,514,123.37. Following the transaction, the insider directly owned 49,822 shares in the company, valued at approximately $20,382,678.42. This represents a 26.94% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Antonio Galvao sold 494 shares of the company’s stock in a transaction that occurred on Wednesday, May 13th. The shares were 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 represents a 5.11% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders have sold 20,861 shares of company stock valued at $8,550,498. Insiders own 0.10% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have commented on the company. Barclays boosted their price objective on Eaton from $340.00 to $392.00 and gave the stock an “equal weight” rating in a research note on Wednesday, May 6th. Wells Fargo & Company boosted their price objective on Eaton from $350.00 to $425.00 and gave the stock an “equal weight” rating in a research note on Wednesday, May 6th. KeyCorp boosted their price objective on Eaton from $420.00 to $480.00 and gave the stock an “overweight” rating in a research note on Wednesday, May 6th. Jefferies Financial Group started coverage on Eaton in a research note on Monday, March 16th. They set a “buy” rating and a $430.00 price objective for the company. Finally, Weiss Ratings upgraded Eaton from a “buy (b-)” rating to a “buy (b)” rating in a research report on Monday, May 4th. Two research analysts have rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating and four have assigned a Hold rating to the company. According to data from MarketBeat, Eaton presently has an average rating of “Moderate Buy” and an average target price of $420.95.

Eaton 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.