Eaton (NYSE:ETN) Insider Sells $7,514,123.37 in Stock

Key Points

• Insider sale: Eaton insider Heath Monesmith sold 18,367 shares on May 6 for about $7.51 million at an average price of $409.11, cutting their stake by roughly 26.9%.
• Strong quarterly results: Eaton reported Q1 EPS of $2.81, beating estimates, and revenue of $7.45 billion, also above expectations. Revenue rose 16.8% year over year.
• Guidance and shareholder return: The company raised its outlook with Q2 2026 EPS guidance of $3.00-$3.10 and FY 2026 EPS guidance of $13.05-$13.50, while also declaring a quarterly dividend of $1.10 per share.

Eaton Corporation, PLC (NYSE:ETN - Get Free Report) insider Heath Monesmith sold 18,367 shares of the company's stock in a transaction dated Wednesday, May 6th. The shares were sold at an average price of $409.11, for a total transaction of $7,514,123.37. Following the completion of the sale, the insider owned 49,822 shares in the company, 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 is available at the SEC website.

Eaton Stock Up 0.5%

NYSE:ETN traded up $1.92 during mid-day trading on Friday, reaching $401.07. The stock had a trading volume of 2,386,089 shares, compared to its average volume of 2,818,821. The company has a debt-to-equity ratio of 0.94, a current ratio of 1.19 and a quick ratio of 0.81. The company has a market capitalization of $155.73 billion, a price-to-earnings ratio of 39.21, a price-to-earnings-growth ratio of 2.90 and a beta of 1.24. Eaton Corporation, PLC has a 1-year low of $306.77 and a 1-year high of $435.43. The stock's 50 day simple moving average is $380.26 and its two-hundred day simple moving average is $360.75.

Eaton (NYSE:ETN - Get Free Report) last released its earnings results on Tuesday, May 5th. The industrial products company reported $2.81 EPS for the quarter, topping analysts' consensus estimates of $2.73 by $0.08. Eaton had a return on equity of 24.72% and a net margin of 13.99%.The company had revenue of $7.45 billion for the quarter, compared to the consensus estimate of $7.14 billion. During the same quarter last year, the business posted $2.72 EPS. Eaton's quarterly revenue was up 16.8% compared to the same quarter last year. Eaton has set its Q2 2026 guidance at 3.000-3.100 EPS and its FY 2026 guidance at 13.050-13.500 EPS. Equities analysts anticipate that Eaton Corporation, PLC will post 13.31 EPS for the current year.

Eaton Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, May 29th. Shareholders of record on Friday, May 8th will be paid a dividend of $1.10 per share. The ex-dividend date is Friday, May 8th. This represents a $4.40 annualized dividend and a yield of 1.1%. Eaton's payout ratio is presently 43.01%.

Analyst Ratings Changes

A number of research analysts have recently issued reports on the stock. KeyCorp raised their price target on shares of Eaton from $420.00 to $480.00 and gave the stock an "overweight" rating in a research report on Wednesday. Erste Group Bank initiated coverage on shares of Eaton in a research note on Tuesday. They set a "buy" rating on the stock. BMO Capital Markets initiated coverage on shares of Eaton in a report on Friday, March 27th. They issued an "outperform" rating and a $428.00 target price on the stock. Royal Bank Of Canada lifted their target price on Eaton from $457.00 to $484.00 and gave the company an "outperform" rating in a research note on Wednesday. Finally, Citigroup increased their price target on Eaton from $464.00 to $471.00 and gave the stock a "buy" rating in a research report on Wednesday. Two research analysts have rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating and five have given a Hold rating to the company. Based on data from MarketBeat.com, Eaton presently has an average rating of "Moderate Buy" and a consensus price target of $412.00.

Institutional Trading of Eaton

Several hedge funds have recently bought and sold shares of the company. Hilton Head Capital Partners LLC bought a new position in Eaton in the 4th quarter worth about $26,000. Sfam LLC acquired a new position in shares of Eaton during the fourth quarter worth approximately $27,000. Gunpowder Capital Management LLC dba Oliver Wealth Management acquired a new position in shares of Eaton during the fourth quarter worth approximately $28,000. Eagle Bay Advisors LLC acquired a new stake in Eaton in the 4th quarter valued at approximately $29,000. Finally, WFA of San Diego LLC acquired a new stake in Eaton in the 2nd quarter valued at approximately $36,000. 82.97% of the stock is currently owned by institutional investors.

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.

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