Eaton (NYSE:ETN) Shares Unloaded by Rep. Kevin Hern

Key Points

• Rep. Kevin Hern sold $1,001–$15,000 of Eaton shares on September 10 from his traditional IRA, amid a broader series of sales involving companies including CenterPoint Energy, TJX, STERIS, NextEra Energy and Home Depot.
• Eaton reported stronger-than-expected quarterly results, with EPS of $3.15 and revenue of $8.53 billion, up 21.4% year over year. The company maintained 2026 earnings guidance and paid a quarterly dividend of $1.10, representing a 1.0% yield.
• Analysts remain broadly bullish, with Eaton holding a consensus “Buy” rating and an average price target of $456.50, while the stock recently opened at $430.62.

Representative Kevin Hern (Republican-Oklahoma) recently sold shares of Eaton Corporation, PLC NYSE: ETN. In a filing disclosed on September 25th, the Representative disclosed that they had sold between $1,001 and $15,000 in Eaton stock on September 10th. The trade occurred in the Representative's "KEVIN HERN TRADITIONAL IRA" account.

Representative Kevin Hern also recently made the following trade(s):

• Sold $15,001 - $50,000 in shares of CenterPoint Energy NYSE: CNP on 9/15/2026.
• Sold $1,001 - $15,000 in shares of TJX Companies NYSE: TJX on 9/15/2026.
• Sold $15,001 - $50,000 in shares of STERIS NYSE: STE on 9/15/2026.
• Sold $1,001 - $15,000 in shares of Seagate Technology NASDAQ: STX on 9/15/2026.
• Sold $15,001 - $50,000 in shares of NextEra Energy NYSE: NEE on 9/14/2026.
• Sold $1,001 - $15,000 in shares of Marsh & McLennan Companies NYSE: MRSH on 9/14/2026.
• Sold $15,001 - $50,000 in shares of IQVIA NYSE: IQV on 9/14/2026.
• Sold $15,001 - $50,000 in shares of Home Depot NYSE: HD on 9/14/2026.
• Sold $1,001 - $15,000 in shares of Home Depot NYSE: HD on 9/14/2026.
• Sold $15,001 - $50,000 in shares of Emerson Electric NYSE: EMR on 9/14/2026.

Eaton Stock Down 2.1%

Eaton stock opened at $430.62 on Tuesday. The business's 50-day moving average price is $420.06 and its 200 day moving average price is $404.18. The company has a quick ratio of 0.79, a current ratio of 1.24 and a debt-to-equity ratio of 0.91. The firm has a market cap of $167.25 billion, a price-to-earnings ratio of 43.81, a price-to-earnings-growth ratio of 2.67 and a beta of 1.17. Eaton Corporation, PLC has a 52 week low of $311.92 and a 52 week high of $478.00.

Eaton (NYSE:ETN - Get Free Report) last posted its earnings results on Friday, July 31st. The industrial products company reported $3.15 earnings per share for the quarter, beating the consensus estimate of $3.08 by $0.07. Eaton had a net margin of 12.75% and a return on equity of 24.58%. The firm had revenue of $8.53 billion during the quarter, compared to analyst estimates of $8.16 billion. During the same period in the previous year, the firm earned $2.95 EPS. The business's quarterly revenue 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. As a group, sell-side analysts anticipate that Eaton Corporation, PLC will post 13.56 earnings per share for the current year.

Eaton Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, August 28th. Stockholders of record on Friday, August 7th were paid a $1.10 dividend. The ex-dividend date 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%.

Analysts Set New Price Targets

ETN has been the subject of a number of recent analyst reports. Morgan Stanley lifted their price objective on shares of Eaton from $500.00 to $520.00 and gave the company an "overweight" rating in a report on Friday, August 28th. Weiss Ratings raised shares of Eaton from a "hold (c+)" rating to a "buy (b-)" rating in a research note on Friday, August 28th. Wall Street Zen lowered Eaton from a "buy" rating to a "hold" rating in a research note on Sunday, August 16th. Citigroup upped their price target on Eaton from $471.00 to $485.00 and gave the stock a "buy" rating in a report on Monday, August 3rd. Finally, BMO Capital Markets increased their price target on Eaton from $477.00 to $487.00 and gave the stock an "outperform" rating in a research report on Monday, August 3rd. Two equities research analysts have rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat.com, Eaton currently has a consensus rating of "Buy" and a consensus target price of $456.50.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of ETN. Clal Insurance Enterprises Holdings Ltd boosted its holdings in shares of Eaton by 239,384.8% during the 4th quarter. Clal Insurance Enterprises Holdings Ltd now owns 158,060 shares of the industrial products company's stock worth $50,344,000 after purchasing an additional 157,994 shares during the last quarter. Entropy Technologies LP acquired a new stake in shares of Eaton in the fourth quarter valued at approximately $14,786,000. S&CO Inc. purchased a new position in Eaton during the second quarter worth approximately $3,824,000. Wellington Management Group LLP boosted its stake in Eaton by 19.6% during the second quarter. Wellington Management Group LLP now owns 6,827,266 shares of the industrial products company's stock worth $2,909,235,000 after buying an additional 1,120,567 shares during the last quarter. Finally, Ameritas Advisory Services LLC boosted its stake in Eaton by 667.9% during the second quarter. Ameritas Advisory Services LLC now owns 7,556 shares of the industrial products company's stock worth $3,220,000 after buying an additional 6,572 shares during the last quarter. 82.97% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In related news, insider Adam A. Wadecki sold 525 shares of the company'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 sale, the insider owned 1,054 shares of the company's stock, valued at approximately $464,329.16. This represents a 33.25% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director Gerald Johnson bought 130 shares of the firm's stock in a transaction on Thursday, August 13th. The stock was purchased at an average price of $455.90 per share, for a total transaction of $59,267.00. Following the completion of the acquisition, the director directly owned 1,829 shares in the company, valued at $833,841.10. The trade was a 7.65% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Corporate insiders own 0.10% of the company's stock.

About Representative Hern

Kevin Hern (Republican Party) is a member of the U.S. House, representing Oklahoma's 1st Congressional District. He assumed office on November 13, 2018. His current term ends on January 3, 2027. Hern (Republican Party) is running for re-election to the U.S. House to represent Oklahoma's 1st Congressional District. He declared candidacy for the 2026 election. Kevin Hern went into business as a McDonald's franchisee in 1999. He acquired 10 McDonald's franchises by 2012. He served on the McDonald's National Leadership Team for 13 years, including the tax policy team, the insurance corporation, and as chairman of the economics team. From 2011 to 2015, he was chairman of the finance committee of the Oklahoma Turnpike Authority.

About Eaton

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.

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