Harbor Investment Advisory LLC Purchases 1,247 Shares of Eaton Corporation, PLC $ETN

Harbor Investment Advisory LLC increased its position in Eaton Corporation, PLC (NYSE:ETN) by 25.9% in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 6,065 shares of the industrial products company’s stock after purchasing an additional 1,247 shares during the quarter. Harbor Investment Advisory LLC’s holdings in Eaton were worth $2,584,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently made changes to their positions in ETN. Hilton Head Capital Partners LLC bought a new position in Eaton in the fourth quarter worth $26,000. Sfam LLC bought a new stake in shares of Eaton during the 4th quarter valued at $27,000. Gunpowder Capital Management LLC dba Oliver Wealth Management bought a new stake in shares of Eaton during the 4th quarter valued at $28,000. Eagle Bay Advisors LLC purchased a new stake in shares of Eaton in the 4th quarter worth about $29,000. Finally, Boreal Capital Management LLC bought a new position in shares of Eaton in the 1st quarter worth about $33,000. 82.97% of the stock is currently owned by institutional investors.

Eaton Stock Performance

Shares of Eaton stock opened at $444.36 on Wednesday. The stock has a market cap of $172.59 billion, a price-to-earnings ratio of 45.20, a PEG ratio of 2.78 and a beta of 1.18. The firm’s 50-day moving average is $406.63 and its 200 day moving average is $387.08. Eaton Corporation, PLC has a 1 year low of $311.92 and a 1 year high of $451.96. The company has a debt-to-equity ratio of 0.91, a current ratio of 1.24 and a quick ratio of 0.79.

Eaton (NYSE:ETN) last announced its quarterly earnings data on Friday, July 31st. The industrial products company reported $3.15 EPS for the quarter, beating the consensus estimate of $3.08 by $0.07. The company 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%. Eaton’s revenue for the quarter was up 21.4% on a year-over-year basis. During the same period in the prior 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. Sell-side analysts anticipate that Eaton Corporation, PLC will post 13.52 EPS for the current fiscal year.

Eaton Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, August 28th. Investors of record on Friday, August 7th will be given a dividend of $1.10 per share. The ex-dividend date of this dividend is Friday, August 7th. This represents a $4.40 annualized dividend and a dividend yield of 1.0%. Eaton’s dividend payout ratio (DPR) is 44.76%.

Wall Street Analysts Forecast Growth

ETN has been the subject of a number of recent research reports. Royal Bank Of Canada lifted their price target on shares of Eaton from $484.00 to $512.00 and gave the company an “outperform” rating in a research report on Monday. BMO Capital Markets raised their target price on shares of Eaton from $477.00 to $487.00 and gave the company an “outperform” rating in a research note on Monday. Evercore upgraded shares of Eaton from an “in-line” rating to an “outperform” rating and set a $502.00 target price for the company in a report on Monday. Wells Fargo & Company boosted their price target on Eaton from $350.00 to $425.00 and gave the stock an “equal weight” rating in a research report on Wednesday, May 6th. Finally, JPMorgan Chase & Co. upped their price target on Eaton from $406.00 to $445.00 and gave the stock an “overweight” rating in a research note on Wednesday, May 6th. Two investment 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. Based on data from MarketBeat, Eaton currently has a consensus rating of “Moderate Buy” and an average target price of $430.89.

More Eaton News

Here are the key news stories impacting Eaton this week:

• Positive Sentiment: Strong Q2 performance: Eaton reported record sales of approximately $8.5 billion, up 21% year over year, while adjusted earnings per share of $3.15 exceeded the $3.08 consensus estimate. Segment margins reached 23.1%, above the high end of management’s guidance. Eaton rises after record Q2 results and higher full-year outlook
• Positive Sentiment: Raised guidance: Eaton increased its full-year 2026 adjusted EPS outlook to $13.40–$13.60 and lifted organic-growth guidance to 11%–13%. Third-quarter EPS guidance was set at $3.46–$3.56, signaling confidence in continued execution. Eaton Analysts Boost Their Forecasts After Strong Q2 Earnings
• Positive Sentiment: Data-center demand remains a major catalyst: Electrical Americas orders rose 41%, Electrical Global orders increased 33%, and electrical-sector data-center orders surged about 85% from the prior-year quarter. RBC said Eaton’s construction backlog positions it well for an expected data-center growth cycle. Eaton Well-Positioned for Growth Surge Based on Data Center Construction Backlog
• Positive Sentiment: Analyst support improved: BMO Capital Markets raised its price target to $487 from $477 and maintained an Outperform rating. Other analysts also boosted forecasts after the earnings report, reflecting stronger expectations for Eaton’s growth and profitability. Eaton Analysts Boost Their Forecasts After Strong Q2 Earnings
• Neutral Sentiment: Long-term performance and valuation: Coverage highlighted Eaton’s strong decade-long investment performance, but the stock trades at a relatively high valuation, with a price-to-earnings ratio above 45. Its median analyst price target of $430 is below the cited trading level, although several targets are higher.
• Negative Sentiment: Insider selling: Insiders reported several open-market sales during the past six months and no purchases. The transactions may raise a modest sentiment concern, although they do not directly challenge Eaton’s improved operating outlook.

Insider Buying and Selling

In other news, Director Dorothy C. Thompson sold 167 shares of the business’s stock in a transaction on Friday, May 22nd. The stock was sold at an average price of $385.00, for a total value of $64,295.00. Following the completion of the transaction, the director owned 1,096 shares in the company, valued at $421,960. The trade was a 13.22% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Gerald Johnson purchased 746 shares of the stock in a transaction dated Friday, May 8th. The shares were acquired at an average cost of $402.29 per share, for a total transaction of $300,108.34. Following the completion of the acquisition, the director owned 1,414 shares of the company’s stock, valued at approximately $568,838.06. This represents a 111.68% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. 0.10% of the stock is owned by company insiders.

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.