First Bancorp Inc ME Buys Shares of 4,821 Eaton Corporation, PLC $ETN

First Bancorp Inc ME purchased a new stake in shares of Eaton Corporation, PLC (NYSE:ETN) in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 4,821 shares of the industrial products company’s stock, valued at approximately $2,054,000. Eaton comprises about 0.8% of First Bancorp Inc ME’s holdings, making the stock its 26th biggest position.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. North Star Investment Management Corp. boosted its stake in Eaton by 0.3% in the first quarter. North Star Investment Management Corp. now owns 8,101 shares of the industrial products company’s stock valued at $2,897,000 after acquiring an additional 28 shares in the last quarter. Bogart Wealth LLC lifted its holdings in shares of Eaton by 1.3% during the 1st quarter. Bogart Wealth LLC now owns 2,184 shares of the industrial products company’s stock valued at $781,000 after purchasing an additional 29 shares during the last quarter. Pring Turner Capital Group Inc. lifted its holdings in shares of Eaton by 0.3% during the 4th quarter. Pring Turner Capital Group Inc. now owns 10,528 shares of the industrial products company’s stock valued at $3,353,000 after purchasing an additional 30 shares during the last quarter. Ellevest Inc. boosted its position in shares of Eaton by 2.5% in the 4th quarter. Ellevest Inc. now owns 1,281 shares of the industrial products company’s stock worth $408,000 after purchasing an additional 31 shares in the last quarter. Finally, Douglass Winthrop Advisors LLC grew its stake in Eaton by 1.2% during the 4th quarter. Douglass Winthrop Advisors LLC now owns 2,613 shares of the industrial products company’s stock worth $832,000 after buying an additional 31 shares during the last quarter. Hedge funds and other institutional investors own 82.97% of the company’s stock.

Eaton Stock Up 0.1%

Shares of ETN stock opened at $409.12 on Wednesday. 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 $158.90 billion, a PE ratio of 41.62, a P/E/G ratio of 2.58 and a beta of 1.18. 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 stock’s 50-day simple moving average is $417.33 and its 200-day simple moving average is $396.98.

Eaton (NYSE:ETN) last issued its earnings results on Friday, July 31st. The industrial products company reported $3.15 EPS for the quarter, beating analysts’ consensus estimates of $3.08 by $0.07. Eaton had a return on equity of 24.58% and a net margin of 12.75%.The firm had revenue of $8.53 billion for the quarter, compared to analyst estimates of $8.16 billion. During the same quarter in the prior year, the firm earned $2.95 earnings per share. Eaton’s revenue for the quarter was up 21.4% on a year-over-year basis. 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 analysts expect that Eaton Corporation, PLC will post 13.55 earnings per share for the current year.

Eaton Dividend Announcement

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

Insider Buying and Selling

In related news, Director Gerald Johnson acquired 130 shares of Eaton stock in a transaction on Thursday, August 13th. The stock was acquired at an average price of $455.90 per share, for a total transaction of $59,267.00. Following the purchase, 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 acquisition was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Adam A. Wadecki sold 525 shares of the business’s stock in a transaction dated 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 directly owned 1,054 shares of the company’s stock, valued at approximately $464,329.16. This trade represents a 33.25% decrease in their position. The SEC filing for this sale provides additional information. 0.10% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

ETN has been the subject of a number of research analyst reports. Morgan Stanley reiterated an “overweight” rating and issued a $500.00 price target on shares of Eaton in a research note on Sunday, May 10th. Weiss Ratings lowered shares of Eaton from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Thursday, August 13th. 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. Barclays boosted their target price on shares of Eaton from $340.00 to $392.00 and gave the stock an “equal weight” rating in a research report on Wednesday, May 6th. Finally, Wells Fargo & Company upped their price target on shares of Eaton from $350.00 to $425.00 and gave the company an “equal weight” rating in a research note on Wednesday, May 6th. Three research analysts have rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and four have issued a Hold rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $440.89.

Eaton Company 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.