2,528 Shares in Eaton Corporation, PLC $ETN Purchased by Polaris Financial Partners

Key Points

• Polaris Financial Partners purchased 2,528 Eaton shares worth approximately $1.09 million in the third quarter. Institutional investors collectively own 82.97% of Eaton’s stock.
• Analysts remain bullish on Eaton, with an average “Buy” rating and a consensus price target of $456.50; several firms recently raised their targets to as high as $520.
• Eaton reported quarterly EPS of $3.15 and revenue of $8.53 billion, exceeding estimates, while revenue increased 21.4% year over year. The company also pays a quarterly dividend of $1.10 per share, yielding about 1.0%.

Polaris Financial Partners bought a new stake in shares of Eaton Corporation, PLC (NYSE:ETN - Free Report) in the 3rd quarter, according to its most recent filing with the SEC. The institutional investor bought 2,528 shares of the industrial products company's stock, valued at approximately $1,092,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Boltwood Capital Management grew its holdings in Eaton by 10.5% during the 3rd quarter. Boltwood Capital Management now owns 1,428 shares of the industrial products company's stock worth $614,000 after acquiring an additional 136 shares in the last quarter. CX Institutional raised its stake in shares of Eaton by 4.5% in the 3rd quarter. CX Institutional now owns 3,018 shares of the industrial products company's stock valued at $1,297,000 after purchasing an additional 130 shares in the last quarter. Burkett Financial Services LLC lifted its position in shares of Eaton by 33.3% during the third quarter. Burkett Financial Services LLC now owns 808 shares of the industrial products company's stock worth $348,000 after purchasing an additional 202 shares during the last quarter. Sarver Vrooman Wealth Advisors acquired a new position in Eaton in the third quarter worth about $49,000. Finally, Marathon Mission Inc. grew its stake in Eaton by 10.4% in the third quarter. Marathon Mission Inc. now owns 1,737 shares of the industrial products company's stock worth $746,000 after purchasing an additional 164 shares in the last quarter. Institutional investors own 82.97% of the company's stock.

Analysts Set New Price Targets

ETN has been the topic of several research reports. Royal Bank Of Canada upped their price objective on Eaton from $484.00 to $512.00 and gave the company an "outperform" rating in a research note on Monday, August 3rd. Morgan Stanley boosted their price target on Eaton from $500.00 to $520.00 and gave the company an "overweight" rating in a report on Friday, August 28th. Sanford C. Bernstein restated an "outperform" rating on shares of Eaton in a research note on Monday, August 3rd. Citigroup lifted their price objective on shares of Eaton from $471.00 to $485.00 and gave the stock a "buy" rating in a report on Monday, August 3rd. Finally, UBS Group upgraded shares of Eaton from a "neutral" rating to a "buy" rating and raised their price target for the stock from $450.00 to $515.00 in a research report on Monday, September 7th. Two equities research analysts have rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating and one has assigned a Hold rating to the company's stock. Based on data from MarketBeat, Eaton presently has an average rating of "Buy" and an average target price of $456.50.

Eaton Stock Performance

Shares of ETN traded down $1.93 during midday trading on Friday, hitting $435.35. 2,093,625 shares of the stock traded hands, compared to its average volume of 2,533,536. The business's 50 day moving average price is $421.58 and its two-hundred day moving average price is $405.88. The firm has a market capitalization of $169.09 billion, a PE ratio of 44.29, a price-to-earnings-growth ratio of 2.70 and a beta of 1.13. The company has a debt-to-equity ratio of 0.91, a quick ratio of 0.79 and a current ratio of 1.24. 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 quarterly earnings data on Friday, July 31st. The industrial products company reported $3.15 earnings per share for the quarter, topping analysts' consensus estimates of $3.08 by $0.07. The business 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%. The company's revenue for the quarter was up 21.4% compared to the same quarter last year. During the same quarter last year, the company 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. Equities research analysts predict that Eaton Corporation, PLC will post 13.57 EPS for the current fiscal year.

Eaton Dividend Announcement

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 payout ratio is 44.76%.

Insider Transactions at Eaton

In related news, insider Adam 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 completion of the transaction, the insider directly owned 1,054 shares of the company's stock, valued at $464,329.16. This represents a 33.25% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Gerald Johnson bought 130 shares of the stock in a transaction that occurred on Thursday, August 13th. The stock was acquired at an average price of $455.90 per share, for a total transaction of $59,267.00. Following the completion of the transaction, the director owned 1,829 shares in the company, valued at $833,841.10. This trade represents a 7.65% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Insiders own 0.10% of the company's stock.

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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