Vista Investment Partners LLC Acquires 11,884 Shares of Eaton Corporation, PLC $ETN

Vista Investment Partners LLC acquired a new stake in shares of Eaton Corporation, PLC (NYSE:ETN) during the third quarter, Holdings Channel.com reports. The firm acquired 11,884 shares of the industrial products company’s stock, valued at approximately $5,107,000. Eaton comprises about 1.3% of Vista Investment Partners LLC’s portfolio, making the stock its 24th biggest position.

A number of other large investors have also recently made changes to their positions in ETN. Toth Financial Advisory Corp lifted its stake in shares of Eaton by 66.7% during the 3rd quarter. Toth Financial Advisory Corp now owns 310 shares of the industrial products company’s stock worth $133,000 after acquiring an additional 124 shares during the last quarter. Canandaigua National Trust Co of Florida purchased a new stake in Eaton in the third quarter worth $287,000. North Point Portfolio Managers Corp OH bought a new stake in shares of Eaton during the third quarter worth $34,000. Crumly & Associates Inc. grew its holdings in shares of Eaton by 3.1% in the third quarter. Crumly & Associates Inc. now owns 1,622 shares of the industrial products company’s stock worth $697,000 after purchasing an additional 49 shares during the last quarter. Finally, Moody National Bank Trust Division lifted its holdings in Eaton by 6.2% during the 3rd quarter. Moody National Bank Trust Division now owns 3,454 shares of the industrial products company’s stock valued at $1,484,000 after buying an additional 202 shares in the last quarter. 82.97% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on ETN shares. Robert W. Baird set a $500.00 target price on shares of Eaton and gave the stock an “outperform” rating in a research note on Thursday, August 20th. Citigroup boosted their price target on Eaton from $471.00 to $485.00 and gave the company a “buy” rating in a report on Monday, August 3rd. Morgan Stanley raised their price objective on Eaton from $500.00 to $520.00 and gave the stock an “overweight” rating in a report on Friday, August 28th. Wall Street Zen cut Eaton from a “buy” rating to a “hold” rating in a report on Sunday, August 16th. Finally, Sanford C. Bernstein restated an “outperform” rating on shares of Eaton in a research note on Monday, August 3rd. Two equities research analysts have rated the stock with a Strong Buy rating, fifteen have given a Buy rating and one has given a Hold rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Buy” and a consensus price target of $456.50.

Insider Activity

In other Eaton news, insider Adam A. Wadecki sold 525 shares of the stock in a transaction dated 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 sale, the insider directly owned 1,054 shares in the company, valued at approximately $464,329.16. This trade represents a 33.25% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Gerald Johnson purchased 130 shares of the stock in a transaction on Thursday, August 13th. The stock was acquired at an average cost of $455.90 per share, with a total value of $59,267.00. Following the acquisition, the director owned 1,829 shares of the company’s stock, valued at approximately $833,841.10. This represents a 7.65% increase in their position. The SEC filing for this purchase provides additional information. Company insiders own 0.10% of the company’s stock.

Eaton Stock Down 1.6%

ETN stock traded down $7.08 during trading on Thursday, reaching $424.25. 1,268,999 shares of the company traded hands, compared to its average volume of 2,511,002. The business has a 50 day simple moving average of $425.46 and a 200 day simple moving average of $407.99. 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 quick ratio of 0.79 and a current ratio of 1.24. The company has a market capitalization of $164.78 billion, a price-to-earnings ratio of 43.00, a price-to-earnings-growth ratio of 2.58 and a beta of 1.13.

Eaton (NYSE:ETN) last released its quarterly earnings results on Friday, July 31st. The industrial products company reported $3.15 earnings per share for the quarter, beating analysts’ consensus estimates 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 last year, the business earned $2.95 EPS. The company’s revenue was up 21.4% compared to the same quarter last year. 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 research analysts anticipate that Eaton Corporation, PLC will post 13.57 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 given a dividend of $1.10 per share. The ex-dividend date of this dividend was Friday, August 7th. This represents a $4.40 dividend on an annualized basis and a dividend yield of 1.0%. Eaton’s dividend payout ratio is presently 44.76%.

Eaton Company Profile

Eaton Corporation plc (NYSE: ETN) is a global power management company that helps customers manage electrical, hydraulic and mechanical power more safely, efficiently and reliably. Its products and systems serve commercial, industrial, utility, data center, residential, aerospace, vehicle and mobility applications.

The company’s electrical businesses provide circuit protection and control equipment, power distribution systems, connectivity solutions, backup power and other technologies used to support critical infrastructure and improve energy efficiency.