14,337 Shares in Eaton Corporation, PLC $ETN Bought by Cullen Capital Management LLC

Key Points

• Cullen Capital Management purchased 14,337 Eaton shares worth approximately $6.1 million in the second quarter, while institutional investors collectively own 82.97% of the company.
• Eaton reported stronger-than-expected quarterly results, with EPS of $3.15 versus the $3.08 consensus estimate and revenue of $8.53 billion, up 21.4% year over year. The company issued full-year 2026 EPS guidance of $13.40 to $13.60.
• Analysts maintain a “Moderate Buy” consensus rating with an average price target of $440.89, and Eaton declared a quarterly dividend of $1.10 per share, equivalent to a 1.1% annual yield.

Cullen Capital Management LLC acquired a new stake in Eaton Corporation, PLC (NYSE:ETN - Free Report) in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 14,337 shares of the industrial products company's stock, valued at approximately $6,109,000.

Several other hedge funds also recently made changes to their positions in ETN. Clal Insurance Enterprises Holdings Ltd grew its stake in 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 buying an additional 157,994 shares during the last quarter. Burling Wealth Partners LLC lifted its stake in Eaton by 63.0% in the fourth quarter. Burling Wealth Partners LLC now owns 11,296 shares of the industrial products company's stock valued at $3,598,000 after buying an additional 4,366 shares during the last quarter. Pioneer Trust Bank N A OR boosted its holdings in shares of Eaton by 669.1% in the fourth quarter. Pioneer Trust Bank N A OR now owns 6,230 shares of the industrial products company's stock valued at $1,984,000 after acquiring an additional 5,420 shares during the period. Entropy Technologies LP purchased a new position in shares of Eaton during the fourth quarter worth approximately $14,786,000. Finally, S&CO Inc. acquired a new position in shares of Eaton in the 2nd quarter valued at $3,824,000. Hedge funds and other institutional investors own 82.97% of the company's stock.

Eaton Stock Performance

NYSE:ETN opened at $408.59 on Tuesday. The company has a debt-to-equity ratio of 0.91, a current ratio of 1.24 and a quick ratio of 0.79. The firm has a market cap of $158.70 billion, a price-to-earnings ratio of 41.57, a price-to-earnings-growth ratio of 2.65 and a beta of 1.18. The firm's fifty day moving average price is $417.30 and its 200 day moving average price is $396.67. Eaton Corporation, PLC has a 1-year low of $311.92 and a 1-year high of $478.00.

Eaton (NYSE:ETN - Get Free Report) last released its earnings results on Friday, July 31st. The industrial products company reported $3.15 EPS for the quarter, topping the consensus estimate of $3.08 by $0.07. The company had revenue of $8.53 billion during 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%. The business's revenue was up 21.4% on a year-over-year basis. During the same quarter last year, the business earned $2.95 EPS. 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, sell-side analysts expect that Eaton Corporation, PLC will post 13.55 EPS for the current year.

Eaton Announces Dividend

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

Wall Street Analysts Forecast Growth

ETN has been the subject of a number of recent research reports. Robert W. Baird set a $500.00 price target on shares of Eaton and gave the stock an "outperform" rating in a research note on Thursday. KeyCorp lifted their price objective on shares of Eaton from $420.00 to $480.00 and gave the company an "overweight" rating in a research note on Wednesday, May 6th. Barclays upped their target price on shares of Eaton from $340.00 to $392.00 and gave the company an "equal weight" rating in a report on Wednesday, May 6th. Wells Fargo & Company raised their price target on Eaton from $350.00 to $425.00 and gave the stock an "equal weight" rating in a report on Wednesday, May 6th. Finally, Morgan Stanley restated an "overweight" rating and issued a $500.00 price target on shares of Eaton in a research report on Sunday, May 10th. Two equities research analysts have rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and four have assigned a Hold rating to the stock. Based on data from MarketBeat.com, Eaton currently has a consensus rating of "Moderate Buy" and a consensus target price of $440.89.

Insider Buying and Selling at Eaton

In other Eaton news, Director Gerald Johnson acquired 130 shares of the stock in a transaction on Thursday, August 13th. The shares were bought at an average price of $455.90 per share, with a total value of $59,267.00. Following the acquisition, the director owned 1,829 shares of the company's stock, valued at $833,841.10. This trade represents a 7.65% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Adam A. Wadecki sold 525 shares of the stock in a transaction that occurred on 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 of the company's stock, valued at approximately $464,329.16. This trade represents a 33.25% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 0.10% of the stock is owned by corporate insiders.

Eaton 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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