Central Bank & Trust Co. Acquires 1,705 Shares of Eaton Corporation, PLC $ETN

Central Bank & Trust Co. raised its holdings in Eaton Corporation, PLC (NYSE:ETN) by 101.8% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 3,380 shares of the industrial products company’s stock after buying an additional 1,705 shares during the quarter. Central Bank & Trust Co.’s holdings in Eaton were worth $1,452,000 as of its most recent SEC filing.

A number of other large investors have also bought and sold shares of the stock. Dakota Community Bank & Trust NA boosted its stake in Eaton by 18.9% in the third quarter. Dakota Community Bank & Trust NA now owns 678 shares of the industrial products company’s stock worth $291,000 after buying an additional 108 shares in the last quarter. Cypress Asset Management Inc. TX boosted its holdings in Eaton by 1.7% in the third quarter. Cypress Asset Management Inc. TX now owns 9,850 shares of the industrial products company’s stock valued at $4,233,000 after acquiring an additional 163 shares in the last quarter. LifeGoal Investments LLC purchased a new stake in shares of Eaton in the 3rd quarter worth about $1,643,000. Mn Services Vermogensbeheer B.V. raised its stake in Eaton by 1.9% in the third quarter. Mn Services Vermogensbeheer B.V. now owns 115,137 shares of the industrial products company’s stock worth $49,476,000 after buying an additional 2,100 shares in the last quarter. Finally, Diversified Management Inc. grew its holdings in shares of Eaton by 13.5% during the 3rd quarter. Diversified Management Inc. now owns 671 shares of the industrial products company’s stock worth $288,000 after acquiring an additional 80 shares during the period. 82.97% of the stock is currently owned by institutional investors and hedge funds.

Eaton Trading Up 1.2%

Shares of NYSE ETN traded up $4.92 on Friday, reaching $429.43. 624,536 shares of the company traded hands, compared to its average volume of 2,508,699. The stock has a market capitalization of $166.79 billion, a PE ratio of 43.68, a P/E/G ratio of 2.50 and a beta of 1.13. The company has a current ratio of 1.24, a quick ratio of 0.79 and a debt-to-equity ratio of 0.91. The company has a 50 day moving average of $426.18 and a 200 day moving average of $408.47. Eaton Corporation, PLC has a fifty-two week low of $311.92 and a fifty-two week high of $478.00.

Eaton (NYSE:ETN) last announced 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. The firm had revenue of $8.53 billion for the quarter, compared to analysts’ expectations of $8.16 billion. Eaton had a net margin of 12.75% and a return on equity of 24.58%. Eaton’s revenue was up 21.4% compared to the same quarter last year. During the same period in the previous year, the company 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, equities research analysts forecast 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 issued a dividend of $1.10 per share. This represents a $4.40 dividend on an annualized basis and a dividend yield of 1.0%. The ex-dividend date of this dividend was Friday, August 7th. Eaton’s dividend payout ratio (DPR) is 44.76%.

Insider Activity

In other news, insider Adam A. Wadecki sold 525 shares of Eaton 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 transaction, the insider directly owned 1,054 shares in the company, valued at approximately $464,329.16. The trade was a 33.25% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Heath B. Monesmith sold 18,036 shares of the stock in a transaction dated Tuesday, August 11th. The stock was sold at an average price of $458.04, for a total transaction of $8,261,209.44. Following the sale, the insider owned 50,368 shares of the company’s stock, valued at $23,070,558.72. This trade represents a 26.37% decrease in their position. The SEC filing for this sale provides additional information. Insiders own 0.10% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on ETN shares. HSBC lifted their target price on shares of Eaton from $440.00 to $460.00 and gave the stock a “buy” rating in a research report on Monday, August 3rd. Citigroup raised their price objective on Eaton from $471.00 to $485.00 and gave the stock a “buy” rating in a report on Monday, August 3rd. Evercore lifted their price objective on shares of Eaton from $502.00 to $515.00 and gave the stock an “outperform” rating in a research note on Tuesday, August 11th. Wall Street Zen downgraded shares of Eaton from a “buy” rating to a “hold” rating in a research report on Sunday, August 16th. Finally, Morgan Stanley lifted their target price on shares of Eaton from $500.00 to $520.00 and gave the stock an “overweight” rating in a research note on Friday, August 28th. One research analyst has rated the stock with a Strong Buy rating, twenty-one have given a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat.com, Eaton has an average rating of “Moderate Buy” and a consensus target price of $480.18.

Eaton 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.