Dearborn Partners LLC Buys New Position in Eaton Corporation, PLC $ETN

Dearborn Partners LLC bought a new stake in shares of Eaton Corporation, PLC (NYSE:ETN) during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 2,874 shares of the industrial products company’s stock, valued at approximately $1,028,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in ETN. Williams Jones Wealth Management LLC. boosted its stake in Eaton by 3.3% during the 3rd quarter. Williams Jones Wealth Management LLC. now owns 515,587 shares of the industrial products company’s stock valued at $192,958,000 after purchasing an additional 16,422 shares in the last quarter. Clal Insurance Enterprises Holdings Ltd raised its stake in shares of Eaton by 112.6% in the 1st quarter. Clal Insurance Enterprises Holdings Ltd now owns 336,060 shares of the industrial products company’s stock worth $120,199,000 after buying an additional 178,000 shares in the last quarter. Silvercrest Asset Management Group LLC lifted its holdings in shares of Eaton by 23.1% in the fourth quarter. Silvercrest Asset Management Group LLC now owns 310,859 shares of the industrial products company’s stock valued at $99,012,000 after buying an additional 58,281 shares during the period. PFA Pension Forsikringsaktieselskab bought a new position in Eaton during the fourth quarter valued at about $97,989,000. Finally, Bartlett & CO. Wealth Management LLC boosted its stake in Eaton by 12.1% during the first quarter. Bartlett & CO. Wealth Management LLC now owns 266,845 shares of the industrial products company’s stock valued at $95,442,000 after buying an additional 28,815 shares in the last quarter. 82.97% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several brokerages have commented on ETN. Robert W. Baird set a $500.00 price target on shares of Eaton and gave the stock an “outperform” rating in a research report on Thursday. BMO Capital Markets raised their price objective on shares of Eaton from $477.00 to $487.00 and gave the company an “outperform” rating in a research report on Monday, August 3rd. Wells Fargo & Company boosted their target price on shares of Eaton from $350.00 to $425.00 and gave the stock an “equal weight” rating in a report on Wednesday, May 6th. JPMorgan Chase & Co. increased their target price on shares of Eaton from $406.00 to $445.00 and gave the company an “overweight” rating in a research note on Wednesday, May 6th. Finally, Sanford C. Bernstein restated an “outperform” rating on shares of Eaton in a report on Monday, August 3rd. Two research analysts have rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and four have given a Hold rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $440.89.

Eaton Stock Down 2.5%

ETN stock opened at $408.59 on Tuesday. The company has a 50 day moving average of $417.30 and a two-hundred day moving average of $396.67. The company has a market cap of $158.70 billion, a price-to-earnings ratio of 41.57, a PEG ratio of 2.65 and a beta of 1.18. Eaton Corporation, PLC has a 12-month low of $311.92 and a 12-month high of $478.00. The company has a quick ratio of 0.79, a current ratio of 1.24 and a debt-to-equity ratio of 0.91.

Eaton (NYSE:ETN) last posted its quarterly earnings results 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. Eaton had a net margin of 12.75% and a return on equity of 24.58%. The business had revenue of $8.53 billion for the quarter, compared to analysts’ expectations of $8.16 billion. During the same period in the previous year, the company posted $2.95 EPS. Eaton’s revenue was up 21.4% on a year-over-year basis. Eaton has set its Q3 2026 guidance at 3.460-3.560 EPS and its FY 2026 guidance at 13.400-13.600 EPS. On average, equities analysts anticipate that Eaton Corporation, PLC will post 13.55 earnings per share for the current fiscal year.

Eaton Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, August 28th. Shareholders of record on Friday, August 7th will be given a $1.10 dividend. This represents a $4.40 annualized dividend and a yield of 1.1%. The ex-dividend date of this dividend is Friday, August 7th. Eaton’s dividend payout ratio is presently 44.76%.

Insiders Place Their Bets

In related news, insider Heath B. Monesmith sold 18,036 shares of the business’s stock in a transaction that occurred on Tuesday, August 11th. The stock was sold at an average price of $458.04, for a total value of $8,261,209.44. Following the completion of the sale, the insider owned 50,368 shares of the company’s stock, valued at approximately $23,070,558.72. The trade was a 26.37% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Adam A. Wadecki sold 525 shares of the stock in a transaction that occurred on Tuesday, August 4th. The stock was sold at an average price of $440.54, for a total value of $231,283.50. Following the completion of the transaction, the insider owned 1,054 shares in the company, valued at $464,329.16. This represents a 33.25% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders own 0.10% of the company’s stock.

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.