Strategic Advisors LLC Sells 5,358 Shares of Eaton Corporation, PLC $ETN

Strategic Advisors LLC cut its holdings in shares of Eaton Corporation, PLC (NYSE:ETN) by 26.0% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 15,269 shares of the industrial products company’s stock after selling 5,358 shares during the period. Eaton comprises approximately 1.2% of Strategic Advisors LLC’s portfolio, making the stock its 20th largest position. Strategic Advisors LLC’s holdings in Eaton were worth $6,506,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in ETN. Clal Insurance Enterprises Holdings Ltd increased its holdings in Eaton by 239,384.8% in the fourth quarter. Clal Insurance Enterprises Holdings Ltd now owns 158,060 shares of the industrial products company’s stock valued at $50,344,000 after purchasing an additional 157,994 shares during the period. Pioneer Trust Bank N A OR raised its position in Eaton by 669.1% during the 4th quarter. Pioneer Trust Bank N A OR now owns 6,230 shares of the industrial products company’s stock worth $1,984,000 after purchasing an additional 5,420 shares during the last quarter. Burling Wealth Partners LLC lifted its holdings in Eaton by 63.0% during the 4th quarter. Burling Wealth Partners LLC now owns 11,296 shares of the industrial products company’s stock worth $3,598,000 after buying an additional 4,366 shares during the period. Entropy Technologies LP bought a new stake in shares of Eaton in the 4th quarter valued at about $14,786,000. Finally, S&CO Inc. bought a new stake in shares of Eaton in the 2nd quarter valued at about $3,824,000. 82.97% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

ETN has been the subject of a number of analyst reports. Erste Group Bank started coverage on Eaton in a research report on Tuesday, May 5th. They set a “buy” rating for the company. Weiss Ratings cut Eaton from a “buy (b-)” rating to a “hold (c+)” rating in a report on Thursday, August 13th. Evercore upgraded shares of Eaton from an “in-line” rating to an “outperform” rating and set a $502.00 price target for the company in a report on Monday, August 3rd. Sanford C. Bernstein restated an “outperform” rating on shares of Eaton in a research report on Monday, August 3rd. Finally, KeyCorp upped their price objective on shares of Eaton from $420.00 to $480.00 and gave the company an “overweight” rating in a research note on Wednesday, May 6th. Three research analysts have rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and four have given a Hold rating to the stock. According to data from MarketBeat.com, Eaton presently has an average rating of “Moderate Buy” and a consensus target price of $442.00.

Eaton Stock Down 0.1%

Shares of NYSE:ETN opened at $402.56 on Monday. Eaton Corporation, PLC has a 1 year low of $311.92 and a 1 year high of $478.00. The company has a debt-to-equity ratio of 0.91, a current ratio of 1.24 and a quick ratio of 0.79. The business’s 50-day moving average is $417.02 and its 200-day moving average is $397.92. The company has a market capitalization of $156.35 billion, a price-to-earnings ratio of 40.95, a P/E/G ratio of 2.54 and a beta of 1.18.

Eaton (NYSE:ETN) last released its earnings results on Friday, July 31st. The industrial products company reported $3.15 EPS for the quarter, topping the consensus estimate of $3.08 by $0.07. The business had revenue of $8.53 billion during the quarter, compared to analysts’ expectations of $8.16 billion. Eaton had a return on equity of 24.58% and a net margin of 12.75%.The firm’s revenue was up 21.4% on a year-over-year basis. During the same quarter last year, the firm posted $2.95 earnings per share. Eaton has set its Q3 2026 guidance at 3.460-3.560 EPS and its FY 2026 guidance at 13.400-13.600 EPS. Equities research analysts predict that Eaton Corporation, PLC will post 13.56 earnings per share for the current year.

Eaton Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, August 28th. Stockholders of record on Friday, August 7th were paid a $1.10 dividend. The ex-dividend date was Friday, August 7th. This represents a $4.40 annualized dividend and a dividend yield of 1.1%. Eaton’s payout ratio is currently 44.76%.

Insider Activity

In related news, insider Adam A. Wadecki sold 525 shares of the business’s stock in a transaction on Tuesday, August 4th. The shares were sold at an average price of $440.54, for a total transaction of $231,283.50. Following the transaction, the insider owned 1,054 shares in the company, valued at $464,329.16. The trade was a 33.25% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Heath B. Monesmith sold 18,036 shares of the stock in a transaction on Tuesday, August 11th. The stock was sold at an average price of $458.04, for a total transaction of $8,261,209.44. Following the transaction, the insider directly owned 50,368 shares in the company, valued at approximately $23,070,558.72. This represents a 26.37% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 0.10% of the stock is currently owned by company insiders.

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.