Entropy Technologies LP Purchases Shares of 46,422 Eaton Corporation, PLC $ETN

Entropy Technologies LP acquired a new stake in Eaton Corporation, PLC (NYSE:ETN) during the 4th quarter, Holdings Channel.com reports. The fund acquired 46,422 shares of the industrial products company’s stock, valued at approximately $14,786,000. Eaton comprises about 0.8% of Entropy Technologies LP’s investment portfolio, making the stock its 9th largest position.

Other large investors have also made changes to their positions in the company. Hilton Head Capital Partners LLC purchased a new stake in shares of Eaton in the 4th quarter valued at $26,000. Sfam LLC purchased a new stake in shares of Eaton in the 4th quarter valued at $27,000. Eagle Bay Advisors LLC purchased a new stake in shares of Eaton in the 4th quarter valued at $29,000. WFA of San Diego LLC purchased a new stake in shares of Eaton in the 2nd quarter valued at $36,000. Finally, Imprint Wealth LLC purchased a new stake in shares of Eaton in the 3rd quarter valued at $39,000. 82.97% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

ETN has been the topic of several recent research reports. Jefferies Financial Group initiated coverage on shares of Eaton in a report on Monday, March 16th. They issued a “buy” rating and a $430.00 price objective on the stock. Wells Fargo & Company upped their price objective on shares of Eaton from $350.00 to $425.00 and gave the company an “equal weight” rating in a report on Wednesday, May 6th. KeyCorp increased their price target on shares of Eaton from $420.00 to $480.00 and gave the stock an “overweight” rating in a report on Wednesday, May 6th. Erste Group Bank started coverage on shares of Eaton in a report on Tuesday, May 5th. They issued a “buy” rating for the company. Finally, Citigroup upped their price objective on shares of Eaton from $464.00 to $471.00 and gave the stock a “buy” rating in a research report on Wednesday, May 6th. Two analysts have rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating and four have issued a Hold rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $420.95.

Insider Transactions at Eaton

In related news, insider Heath B. Monesmith sold 18,367 shares of the firm’s stock in a transaction dated Wednesday, May 6th. The shares were sold at an average price of $409.11, for a total value of $7,514,123.37. Following the transaction, the insider directly owned 49,822 shares of the company’s stock, valued at approximately $20,382,678.42. This trade represents a 26.94% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Dorothy C. Thompson sold 167 shares of the firm’s stock in a transaction dated Friday, May 22nd. The shares were sold at an average price of $385.00, for a total transaction of $64,295.00. Following the completion of the transaction, the director directly owned 1,096 shares in the company, valued at $421,960. This represents a 13.22% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 21,028 shares of company stock worth $8,614,793 in the last three months. 0.10% of the stock is owned by corporate insiders.

Trending Headlines about Eaton

Here are the key news stories impacting Eaton this week:

• Positive Sentiment: Analysts and market commentary called the deal “transformative” for Dana and potentially value-enhancing for Eaton, with the combined business expected to generate about $250 million in run-rate synergies within 24 months. Dana’s Merger With Eaton Mobility Unit ‘Transformative,’ RBC Says
• Positive Sentiment: The transaction supports Eaton’s 2030 growth strategy by sharpening the company’s focus on electrical infrastructure and aerospace, two areas investors see as better positioned to benefit from data center and electrification demand. Eaton Advances 2030 Growth Strategy with Announcement to Combine Mobility Group with Dana Incorporated
• Positive Sentiment: Recent analyst updates remained constructive, with Erste Group Bank nudging up earnings estimates and keeping a Buy rating, reinforcing the view that Eaton’s core businesses still have solid earnings momentum. MarketBeat ETN coverage
• Neutral Sentiment: Some coverage focused on the stock’s recent volatility, noting ETN had fallen sharply over two days before the deal news drew fresh investor interest. Dana to combine with Eaton mobility unit in $5.1 billion deal

Eaton Trading Down 0.5%

ETN stock opened at $391.75 on Friday. The company has a quick ratio of 0.75, a current ratio of 1.19 and a debt-to-equity ratio of 0.94. The firm has a market cap of $152.11 billion, a P/E ratio of 38.29, a PEG ratio of 2.52 and a beta of 1.19. Eaton Corporation, PLC has a 52-week low of $311.92 and a 52-week high of $435.43. The company’s 50-day simple moving average is $400.01 and its 200-day simple moving average is $366.55.

Eaton (NYSE:ETN) last posted its quarterly earnings data on Tuesday, May 5th. The industrial products company reported $2.81 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.73 by $0.08. The business had revenue of $7.45 billion for the quarter, compared to the consensus estimate of $7.14 billion. Eaton had a net margin of 13.99% and a return on equity of 24.72%. The company’s revenue was up 16.8% compared to the same quarter last year. During the same period last year, the firm posted $2.72 earnings per share. Eaton has set its Q2 2026 guidance at 3.000-3.100 EPS and its FY 2026 guidance at 13.050-13.500 EPS. As a group, equities analysts forecast that Eaton Corporation, PLC will post 13.32 EPS for the current fiscal year.

Eaton Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, May 29th. Investors of record on Friday, May 8th were paid a $1.10 dividend. The ex-dividend date of this dividend was Friday, May 8th. This represents a $4.40 dividend on an annualized basis and a yield of 1.1%. Eaton’s dividend payout ratio (DPR) is currently 43.01%.

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.