Eaton (NYSE:ETN) Shares Purchased by Rep. David Taylor

Key Points

• Rep. David Taylor purchased $1,001–$15,000 of Eaton shares on November 3, according to a disclosure filed November 12; the stock was held in a trust brokerage account.
• Eaton reported quarterly EPS of $3.68, topping the $3.54 analyst estimate, while revenue of $8.95 billion beat expectations and rose 28% year over year.
• Analysts’ consensus rating was “Moderate Buy,” with an average price target of $476.86; Eaton also announced a quarterly dividend of $1.10 per share.

Representative David Taylor (Republican-Ohio) recently bought shares of Eaton Corporation, PLC (NYSE:ETN). In a filing disclosed on November 12th, the Representative disclosed that they had bought between $1,001 and $15,000 in Eaton stock on November 3rd. The trade occurred in the Representative's "DAVID TAYLOR TRUST > SCHWAB JOINT BROKERAGE #1 (HOME GROWN)" account.

Representative David Taylor also recently made the following trade(s):

• Sold $1,001 - $15,000 in shares of Home Depot NYSE: HD on 11/5/2026.
• Sold $1,001 - $15,000 in shares of Procter & Gamble NYSE: PG on 11/5/2026.
• Purchased $1,001 - $15,000 in shares of Broadcom NASDAQ: AVGO on 11/5/2026.
• Purchased $1,001 - $15,000 in shares of Lam Research NASDAQ: LRCX on 11/5/2026.
• Sold $1,001 - $15,000 in shares of Eli Lilly and Company NYSE: LLY on 11/3/2026.
• Sold $1,001 - $15,000 in shares of Kroger NYSE: KR on 11/3/2026.
• Purchased $1,001 - $15,000 in shares of AT&T NYSE: T on 11/3/2026.
• Purchased $1,001 - $15,000 in shares of Alphabet NASDAQ: GOOGL on 11/3/2026.
• Sold $1,001 - $15,000 in shares of Visa NYSE: V on 11/3/2026.
• Sold $1,001 - $15,000 in shares of Amgen NASDAQ: AMGN on 11/3/2026.

Eaton Stock Performance

Eaton stock opened at $352.35 on Friday. The company has a market cap of $136.89 billion, a PE ratio of 35.20, a P/E/G ratio of 2.26 and a beta of 1.15. Eaton Corporation, PLC has a 12 month low of $311.92 and a 12 month high of $478.00. The company has a fifty day moving average price of $401.20 and a two-hundred day moving average price of $397.13. The company has a debt-to-equity ratio of 0.85, a current ratio of 1.23 and a quick ratio of 0.78.

Eaton (NYSE:ETN - Get Free Report) last issued its earnings results on Tuesday, November 3rd. The industrial products company reported $3.68 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $3.54 by $0.14. Eaton had a net margin of 12.18% and a return on equity of 25.09%. The firm had revenue of $8.95 billion for the quarter, compared to analysts' expectations of $8.53 billion. During the same quarter last year, the company posted $3.07 earnings per share. Eaton's revenue was up 28.0% on a year-over-year basis. Research analysts expect that Eaton Corporation, PLC will post 13.78 earnings per share for the current year.

Eaton Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, November 27th. Shareholders of record on Tuesday, November 10th will be issued a $1.10 dividend. This represents a $4.40 dividend on an annualized basis and a yield of 1.2%. The ex-dividend date of this dividend is Tuesday, November 10th. Eaton's payout ratio is currently 43.96%.

Institutional Trading of Eaton

A number of hedge funds have recently made changes to their positions in the stock. Security National Bank of SO Dak purchased a new stake in shares of Eaton during the 2nd quarter worth about $26,000. Manning & Napier Advisors LLC bought a new stake in shares of Eaton in the 2nd quarter valued at approximately $27,000. Curry Webb Wealth Management LLC bought a new stake in shares of Eaton in the 3rd quarter valued at approximately $29,000. CKW Financial Group increased its holdings in Eaton by 1,825.0% in the third quarter. CKW Financial Group now owns 77 shares of the industrial products company's stock worth $34,000 after buying an additional 73 shares during the last quarter. Finally, North Point Portfolio Managers Corp OH bought a new position in shares of Eaton during the 3rd quarter valued at $34,000. 82.97% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on ETN. Robert W. Baird began coverage on Eaton in a research report on Thursday, August 20th. They set an "outperform" rating and a $500.00 price target for the company. Royal Bank Of Canada raised their target price on Eaton from $526.00 to $539.00 and gave the company an "outperform" rating in a research note on Wednesday, November 4th. Jefferies Financial Group assumed coverage on shares of Eaton in a research report on Wednesday. They set a "neutral" rating and a $395.00 price objective for the company. Mizuho set a $485.00 price objective on shares of Eaton in a research note on Wednesday, November 4th. Finally, Morgan Stanley increased their price objective on Eaton from $500.00 to $520.00 and gave the company an "overweight" rating in a research report on Friday, August 28th. One analyst has rated the stock with a Strong Buy rating, eighteen have issued a Buy rating and four have issued a Hold rating to the company's stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $476.86.

About Representative Taylor

David Taylor (Republican Party) is a member of the U.S. House, representing Ohio's 2nd Congressional District. He assumed office on January 3, 2025. His current term ends on January 3, 2027. Taylor (Republican Party) ran for election to the U.S. House to represent Ohio's 2nd Congressional District. He won in the general election on November 5, 2024. David Taylor graduated from Amelia High School. Taylor earned degrees from Miami University (Ohio) and the University of Dayton School of Law. Taylor's career experience includes working as an attorney and as a businessman at Sardinia Ready Mix, Inc.

Eaton Company Profile

Eaton is a global power management company that designs and manufactures products and services intended to help customers manage electrical, hydraulic and mechanical power. Founded in 1911, the company serves customers across a range of industries, including utilities, commercial buildings, data centers, aerospace and transportation. Its offerings include electrical distribution and circuit protection equipment, power quality and backup systems, and power management software and services. Eaton also makes aerospace components and systems, as well as products for vehicle powertrains and related applications.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.