Fifth Third Wealth Advisors LLC Has $11.60 Million Position in Eaton Corporation, PLC $ETN

Fifth Third Wealth Advisors LLC raised its stake in shares of Eaton Corporation, PLC (NYSE:ETN) by 4.2% in the first quarter, Holdings Channel reports. The fund owned 32,425 shares of the industrial products company’s stock after acquiring an additional 1,316 shares during the period. Fifth Third Wealth Advisors LLC’s holdings in Eaton were worth $11,597,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in the company. PFA Pension Forsikringsaktieselskab acquired a new stake in shares of Eaton during the 4th quarter worth about $97,989,000. SG Americas Securities LLC boosted its position in Eaton by 438.9% in the fourth quarter. SG Americas Securities LLC now owns 364,877 shares of the industrial products company’s stock valued at $116,217,000 after buying an additional 297,166 shares in the last quarter. Clal Insurance Enterprises Holdings Ltd grew its stake in Eaton by 239,384.8% during 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 buying an additional 157,994 shares during the last quarter. Silvercrest Asset Management Group LLC increased its holdings in shares of 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 buying an additional 58,281 shares in the last quarter. Finally, Entropy Technologies LP bought a new position in shares of Eaton in the fourth quarter valued at approximately $14,786,000. Institutional investors own 82.97% of the company’s stock.

Insiders Place Their Bets

In other news, insider Heath B. Monesmith sold 18,367 shares of the business’s stock in a transaction dated Wednesday, May 6th. The stock was sold at an average price of $409.11, for a total transaction of $7,514,123.37. Following the completion of the transaction, the insider directly owned 49,822 shares in the company, valued at approximately $20,382,678.42. The trade was a 26.94% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Gerald Johnson purchased 215 shares of the stock in a transaction dated Monday, May 11th. The stock was bought at an average cost of $419.02 per share, with a total value of $90,089.30. Following the completion of the purchase, the director owned 1,629 shares in the company, valued at $682,583.58. The trade was a 15.21% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Insiders have sold a total of 21,028 shares of company stock valued at $8,614,793 in the last ninety days. 0.10% of the stock is currently owned by insiders.

Eaton Trading Down 0.1%

ETN stock opened at $404.71 on Thursday. The company has a quick ratio of 0.75, a current ratio of 1.19 and a debt-to-equity ratio of 0.94. Eaton Corporation, PLC has a twelve month low of $311.92 and a twelve month high of $436.74. The company has a market cap of $157.15 billion, a P/E ratio of 39.56, a PEG ratio of 2.60 and a beta of 1.19. The business has a fifty day moving average of $405.42 and a 200-day moving average of $371.04.

Eaton (NYSE:ETN) last announced its quarterly earnings data on Tuesday, May 5th. The industrial products company reported $2.81 EPS for the quarter, topping analysts’ consensus estimates of $2.73 by $0.08. The firm 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 company’s revenue was up 16.8% on a year-over-year basis. During the same period last year, the company earned $2.72 earnings per share. 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, equities research analysts expect that Eaton Corporation, PLC will post 13.33 EPS for the current year.

Eaton Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, May 29th. Investors of record on Friday, May 8th were paid a dividend of $1.10 per share. The ex-dividend date of this dividend was Friday, May 8th. This represents a $4.40 dividend on an annualized basis and a dividend yield of 1.1%. Eaton’s payout ratio is 43.01%.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on ETN shares. Weiss Ratings lowered Eaton from a “buy (b)” rating to a “buy (b-)” rating in a research report on Monday, May 18th. JPMorgan Chase & Co. boosted their price objective on Eaton from $406.00 to $445.00 and gave the stock an “overweight” rating in a research note on Wednesday, May 6th. Royal Bank Of Canada increased their target price on Eaton from $457.00 to $484.00 and gave the stock an “outperform” rating in a report on Wednesday, May 6th. KeyCorp lifted their price target on Eaton from $420.00 to $480.00 and gave the company an “overweight” rating in a report on Wednesday, May 6th. Finally, Wells Fargo & Company upped their price target on shares of Eaton from $350.00 to $425.00 and gave the stock an “equal weight” rating in a research report on Wednesday, May 6th. Two equities research analysts have rated the stock with a Strong Buy rating, fifteen have given a Buy rating and four have issued a Hold rating to the company. Based on data from MarketBeat.com, Eaton currently has a consensus rating of “Moderate Buy” and an average target price of $420.95.

Eaton Company 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.