CrossGen Wealth LLC Makes New Investment in Eaton Corporation, PLC $ETN

CrossGen Wealth LLC acquired a new position in shares of Eaton Corporation, PLC (NYSE:ETN) during the fourth quarter, HoldingsChannel reports. The firm acquired 9,356 shares of the industrial products company’s stock, valued at approximately $2,980,000. Eaton accounts for approximately 2.6% of CrossGen Wealth LLC’s portfolio, making the stock its 11th biggest position.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Wealth Intelligence LLC bought a new position in shares of Eaton in the fourth quarter valued at $2,740,000. Silvercrest Asset Management Group LLC raised its position in Eaton by 23.1% during the fourth quarter. Silvercrest Asset Management Group LLC now owns 310,859 shares of the industrial products company’s stock worth $99,012,000 after acquiring an additional 58,281 shares in the last quarter. Aureus Asset Management LLC lifted its stake in Eaton by 2.8% in the fourth quarter. Aureus Asset Management LLC now owns 2,353 shares of the industrial products company’s stock valued at $749,000 after acquiring an additional 63 shares during the last quarter. Advisory Services Network LLC grew its position in shares of Eaton by 7.6% in the 4th quarter. Advisory Services Network LLC now owns 34,925 shares of the industrial products company’s stock valued at $11,124,000 after acquiring an additional 2,480 shares during the period. Finally, Harvest Investment Advisors LLC acquired a new position in shares of Eaton during the 4th quarter worth about $324,000. 82.97% of the stock is owned by institutional investors.

Insider Transactions at Eaton

In other Eaton news, Director Dorothy C. Thompson sold 167 shares of the stock in a transaction on Friday, May 22nd. The stock was sold at an average price of $385.00, for a total transaction of $64,295.00. Following the transaction, the director owned 1,096 shares in the company, valued at $421,960. This trade represents a 13.22% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Antonio Galvao sold 494 shares of Eaton 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 sale, the insider directly owned 9,175 shares of the company’s stock, valued at $3,723,765.50. This represents a 5.11% decrease in their position. The SEC filing for this sale provides additional information. Over the last quarter, insiders sold 21,028 shares of company stock worth $8,614,793. 0.10% of the stock is currently owned by company insiders.

Eaton News Summary

Here are the key news stories impacting Eaton this week:

• Positive Sentiment: Eaton has been outperforming the broader market, with recent trading showing continued upward momentum as investors rotate into industrial and power-management names. Eaton (ETN) Outpaces Stock Market Gains: What You Should Know
• Positive Sentiment: Bernstein reiterated its Buy rating on Eaton, which can reinforce investor confidence in the stock’s earnings outlook and valuation. Bernstein Keeps Their Buy Rating on Eaton (ETN)
• Positive Sentiment: Investor attention remains elevated around Eaton, suggesting the stock is drawing momentum from strong interest in its growth story and industrial-tech positioning. Eaton Corporation, PLC (ETN) is Attracting Investor Attention: Here is What You Should Know
• Positive Sentiment: Articles highlighting Eaton’s push into data center cooling and power management point to a potentially attractive long-term growth driver, especially as AI and data center infrastructure spending expands. This Investment Pro Is Leaning Into Risk. Why He Likes Defense, Ag Tech, and Infrastructure.
• Neutral Sentiment: Coverage comparing Eaton with peers such as Vestas Wind Systems is mainly a valuation check and does not appear to add a major new catalyst by itself. VWDRY vs. ETN: Which Stock Is the Better Value Option?
• Neutral Sentiment: Additional commentary about Eaton using Boyd Thermal to connect power management with data center cooling is supportive, but largely reinforces an existing bullish narrative rather than introducing a fresh surprise. How Eaton (ETN) Is Using Boyd Thermal to Tie Power Management to Data Center Cooling
• Negative Sentiment: No major negative company-specific developments were identified in these recent articles.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on ETN. Citigroup upped their target price on shares of Eaton from $464.00 to $471.00 and gave the company a “buy” rating in a report on Wednesday, May 6th. Royal Bank Of Canada boosted their price target on Eaton from $457.00 to $484.00 and gave the stock an “outperform” rating in a research report on Wednesday, May 6th. BMO Capital Markets began coverage on Eaton in a research note on Friday, March 27th. They issued an “outperform” rating and a $428.00 price objective on the stock. Morgan Stanley reaffirmed an “overweight” rating and issued a $500.00 price objective on shares of Eaton in a research report on Sunday, May 10th. Finally, Evercore set a $453.00 target price on Eaton in a research note on Monday, May 11th. Two equities research analysts have rated the stock with a Strong Buy rating, fifteen have given a Buy rating and four have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, Eaton has a consensus rating of “Moderate Buy” and an average price target of $420.95.

Eaton Stock Up 3.1%

Shares of ETN opened at $422.50 on Friday. The firm has a market cap of $164.06 billion, a P/E ratio of 41.30, a price-to-earnings-growth ratio of 2.63 and a beta of 1.19. The company has a debt-to-equity ratio of 0.94, a quick ratio of 0.75 and a current ratio of 1.19. Eaton Corporation, PLC has a 52 week low of $311.92 and a 52 week high of $435.43. The firm’s 50-day simple moving average is $403.86 and its 200 day simple moving average is $368.77.

Eaton (NYSE:ETN) last issued its quarterly earnings data on Tuesday, May 5th. The industrial products company reported $2.81 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.73 by $0.08. Eaton had a net margin of 13.99% and a return on equity of 24.72%. The firm had revenue of $7.45 billion during the quarter, compared to the consensus estimate of $7.14 billion. During the same period last year, the business posted $2.72 earnings per share. The business’s revenue for the quarter 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. On average, analysts forecast that Eaton Corporation, PLC will post 13.32 earnings per share for the current year.

Eaton Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, May 29th. Investors of record on Friday, May 8th were paid a $1.10 dividend. The ex-dividend date was Friday, May 8th. This represents a $4.40 annualized dividend and a yield of 1.0%. Eaton’s payout ratio is 43.01%.

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.