Arizona State Retirement System Raises Stock Position in Eaton Corporation, PLC $ETN

Arizona State Retirement System increased its stake in Eaton Corporation, PLC (NYSE:ETN) by 1.2% in the 2nd quarter, HoldingsChannel reports. The fund owned 107,658 shares of the industrial products company’s stock after acquiring an additional 1,241 shares during the period. Arizona State Retirement System’s holdings in Eaton were worth $45,875,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of the stock. Brighton Jones LLC lifted its position in Eaton by 1.4% in the fourth quarter. Brighton Jones LLC now owns 3,341 shares of the industrial products company’s stock worth $1,109,000 after buying an additional 45 shares during the last quarter. Revolve Wealth Partners LLC increased its position in Eaton by 17.5% during the fourth quarter. Revolve Wealth Partners LLC now owns 913 shares of the industrial products company’s stock valued at $303,000 after acquiring an additional 136 shares during the last quarter. Empowered Funds LLC raised its stake in shares of Eaton by 5.6% in the first quarter. Empowered Funds LLC now owns 9,402 shares of the industrial products company’s stock valued at $2,556,000 after acquiring an additional 496 shares during the period. Vista Capital Partners Inc. bought a new stake in shares of Eaton in the 2nd quarter worth about $259,000. Finally, Tandem Wealth Advisors LLC grew its holdings in Eaton by 70.1% during the 2nd quarter. Tandem Wealth Advisors LLC now owns 2,216 shares of the industrial products company’s stock valued at $791,000 after purchasing an additional 913 shares during the last quarter. 82.97% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several analysts have issued reports on the stock. Royal Bank Of Canada raised their price objective on shares of Eaton from $484.00 to $512.00 and gave the stock an “outperform” rating in a research note on Monday, August 3rd. Wall Street Zen downgraded Eaton from a “buy” rating to a “hold” rating in a report on Sunday, August 16th. Morgan Stanley boosted their price objective on Eaton from $500.00 to $520.00 and gave the company an “overweight” rating in a report on Friday, August 28th. Sanford C. Bernstein reaffirmed an “outperform” rating on shares of Eaton in a research report on Monday, August 3rd. Finally, BMO Capital Markets lifted their target price on Eaton from $477.00 to $487.00 and gave the stock an “outperform” rating in a research report on Monday, August 3rd. Three analysts have rated the stock with a Strong Buy rating, fifteen have issued a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Buy” and an average price target of $450.61.

Eaton Stock Up 2.8%

Shares of ETN stock traded up $11.43 during mid-day trading on Tuesday, hitting $422.28. The stock had a trading volume of 2,034,999 shares, compared to its average volume of 2,575,836. Eaton Corporation, PLC has a 12-month low of $311.92 and a 12-month 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 firm’s 50-day moving average is $415.48 and its two-hundred day moving average is $398.40. The firm has a market capitalization of $164.01 billion, a P/E ratio of 42.96, a price-to-earnings-growth ratio of 2.60 and a beta of 1.17.

Eaton (NYSE:ETN) last announced 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. The firm had revenue of $8.53 billion for the quarter, compared to analyst estimates of $8.16 billion. Eaton had a return on equity of 24.58% and a net margin of 12.75%.The business’s revenue for the quarter 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. On average, analysts predict that Eaton Corporation, PLC will post 13.56 earnings per share for the current fiscal year.

Eaton Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, August 28th. Stockholders of record on Friday, August 7th were issued a $1.10 dividend. The ex-dividend date was Friday, August 7th. This represents a $4.40 annualized dividend and a dividend yield of 1.0%. Eaton’s payout ratio is currently 44.76%.

Insider Activity

In related news, Director Gerald Johnson bought 130 shares of the stock in a transaction on Thursday, August 13th. The stock was bought at an average price of $455.90 per share, for a total transaction of $59,267.00. Following the completion of the acquisition, the director directly owned 1,829 shares in the company, valued at approximately $833,841.10. This represents a 7.65% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, insider Adam A. Wadecki sold 525 shares of Eaton stock in a transaction on Tuesday, August 4th. The shares were 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 ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders own 0.10% of the company’s stock.

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.