Parkside Financial Bank & Trust Has $2.43 Million Stock Position in Eaton Corporation, PLC $ETN

Parkside Financial Bank & Trust boosted its position in Eaton Corporation, PLC (NYSE:ETN) by 32.6% during the 2nd quarter, Holdings Channel reports. The fund owned 5,696 shares of the industrial products company’s stock after buying an additional 1,400 shares during the period. Parkside Financial Bank & Trust’s holdings in Eaton were worth $2,427,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in ETN. Brown Financial Advisors grew its position in Eaton by 5.6% in the 2nd quarter. Brown Financial Advisors now owns 4,945 shares of the industrial products company’s stock valued at $2,107,000 after purchasing an additional 263 shares during the period. Tobias Financial Advisors Inc. acquired a new position in Eaton during the second quarter worth $228,000. Vancity Investment Management Ltd raised its holdings in Eaton by 6.1% during the second quarter. Vancity Investment Management Ltd now owns 25,317 shares of the industrial products company’s stock worth $10,788,000 after buying an additional 1,463 shares during the last quarter. Tanager Wealth Management LLP lifted its stake in shares of Eaton by 5.4% in the second quarter. Tanager Wealth Management LLP now owns 606 shares of the industrial products company’s stock valued at $258,000 after buying an additional 31 shares in the last quarter. Finally, Ameritas Advisory Services LLC grew its holdings in shares of Eaton by 667.9% during the second quarter. Ameritas Advisory Services LLC now owns 7,556 shares of the industrial products company’s stock valued at $3,220,000 after buying an additional 6,572 shares during the last quarter. Institutional investors and hedge funds own 82.97% of the company’s stock.

Eaton Stock Up 0.1%

ETN opened at $411.08 on Tuesday. 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 company’s 50-day moving average is $415.48 and its 200 day moving average is $398.40. Eaton Corporation, PLC has a fifty-two week low of $311.92 and a fifty-two week high of $478.00. The firm has a market capitalization of $159.66 billion, a P/E ratio of 41.82, a PEG ratio of 2.60 and a beta of 1.17.

Eaton (NYSE:ETN) last issued its quarterly earnings data on Friday, July 31st. The industrial products company reported $3.15 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.08 by $0.07. The business had revenue of $8.53 billion during 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%. The firm’s quarterly revenue was up 21.4% compared to the same quarter last year. 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. Research analysts expect 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. Investors of record on Friday, August 7th were given a dividend of $1.10 per share. This represents a $4.40 dividend on an annualized basis and a dividend yield of 1.1%. The ex-dividend date of this dividend was Friday, August 7th. Eaton’s dividend payout ratio (DPR) is presently 44.76%.

Analyst Ratings Changes

Several equities research analysts have recently commented on the stock. UBS Group raised shares of Eaton from a “positive” rating to a “buy” rating and set a $515.00 target price for the company in a research report on Monday. Weiss Ratings upgraded Eaton from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Friday, August 28th. Sanford C. Bernstein reissued an “outperform” rating on shares of Eaton in a report on Monday, August 3rd. Citigroup increased their price objective on Eaton from $471.00 to $485.00 and gave the stock a “buy” rating in a research note on Monday, August 3rd. Finally, BMO Capital Markets lifted their target price on Eaton from $477.00 to $487.00 and gave the company an “outperform” rating in a research report on Monday, August 3rd. Three analysts have rated the stock with a Strong Buy rating, fifteen have given a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Buy” and an average price target of $450.61.

Insider Buying and Selling

In other Eaton news, Director Gerald Johnson bought 130 shares of the firm’s stock in a transaction dated Thursday, August 13th. The stock was purchased at an average cost of $455.90 per share, with a total value of $59,267.00. Following the transaction, the director directly owned 1,829 shares in the company, valued at $833,841.10. This trade represents a 7.65% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Adam A. Wadecki sold 525 shares of Eaton stock in a transaction 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 sale, the insider owned 1,054 shares in the company, valued at $464,329.16. The trade was a 33.25% 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 corporate 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.