4,000 Shares in Eaton Corporation, PLC $ETN Acquired by Ally Financial Inc.

Ally Financial Inc. acquired a new stake in shares of Eaton Corporation, PLC (NYSE:ETN - Free Report) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 4,000 shares of the industrial products company's stock, valued at approximately $1,704,000.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Brighton Jones LLC grew its position in Eaton by 1.4% during the fourth quarter. Brighton Jones LLC now owns 3,341 shares of the industrial products company's stock valued at $1,109,000 after acquiring an additional 45 shares during the last quarter. Revolve Wealth Partners LLC grew its holdings in shares of Eaton by 17.5% during the 4th quarter. Revolve Wealth Partners LLC now owns 913 shares of the industrial products company's stock valued at $303,000 after purchasing an additional 136 shares during the last quarter. Empowered Funds LLC raised its position in Eaton by 5.6% in the 1st quarter. Empowered Funds LLC now owns 9,402 shares of the industrial products company's stock worth $2,556,000 after purchasing an additional 496 shares during the period. Vista Capital Partners Inc. purchased a new stake in Eaton during the 2nd quarter valued at about $259,000. Finally, Tandem Wealth Advisors LLC grew its position in Eaton by 70.1% during the 2nd quarter. Tandem Wealth Advisors LLC now owns 2,216 shares of the industrial products company's stock worth $791,000 after acquiring an additional 913 shares during the last quarter. 82.97% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several brokerages recently commented on ETN. Citigroup lifted their target price on shares of Eaton from $471.00 to $485.00 and gave the stock a "buy" rating in a research note on Monday, August 3rd. Wall Street Zen cut shares of Eaton from a "buy" rating to a "hold" rating in a research report on Sunday, August 16th. BMO Capital Markets raised their price target on shares of Eaton from $477.00 to $487.00 and gave the stock an "outperform" rating in a report on Monday, August 3rd. Robert W. Baird set a $500.00 price objective on shares of Eaton and gave the company an "outperform" rating in a research report on Thursday. Finally, Morgan Stanley reaffirmed an "overweight" rating and set a $500.00 price objective on shares of Eaton in a research note on Sunday, May 10th. Two equities research analysts have rated the stock with a Strong Buy rating, fourteen have given a Buy rating and four have assigned a Hold rating to the company. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $440.89.

Eaton Price Performance

Shares of ETN opened at $420.14 on Monday. Eaton Corporation, PLC has a fifty-two week low of $311.92 and a fifty-two week high of $478.00. The firm's 50-day simple moving average is $417.27 and its two-hundred day simple moving average is $396.34. The stock has a market cap of $163.18 billion, a PE ratio of 42.74, a price-to-earnings-growth ratio of 2.65 and a beta of 1.18. 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 (NYSE:ETN - Get Free Report) last posted its quarterly earnings data on Friday, July 31st. The industrial products company reported $3.15 earnings per share for the quarter, beating analysts' consensus estimates of $3.08 by $0.07. Eaton had a return on equity of 24.58% and a net margin of 12.75%.The company had revenue of $8.53 billion during the quarter, compared to analyst estimates of $8.16 billion. During the same quarter last year, the company earned $2.95 EPS. The firm's revenue for the quarter 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. Analysts anticipate that Eaton Corporation, PLC will post 13.55 earnings per share for the current fiscal year.

Eaton Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, August 28th. Shareholders of record on Friday, August 7th will be paid a dividend of $1.10 per share. This represents a $4.40 annualized dividend and a yield of 1.0%. The ex-dividend date is Friday, August 7th. Eaton's dividend payout ratio (DPR) is currently 44.76%.

Key Eaton News

Here are the key news stories impacting Eaton this week:

• Positive Sentiment: Eaton won contracts from BSD Builders to provide emergency power and energy-management technology for 35 California skilled-nursing facilities. The projects are linked to new state resilience requirements and reinforce demand for Eaton’s grid-resilience and backup-power products. Eaton Wins Contracts From BSD Builders to Supply Power-Management Technology to California Healthcare Facilities
• Positive Sentiment: Eaton’s collaboration with Trane Technologies NYSE: TT combines electrical infrastructure and thermal-management systems for AI-focused data centers, using a reference design aligned with NVIDIA platforms. The partnership supports the investment thesis that accelerating AI infrastructure spending will drive demand for Eaton’s power-management equipment. Can Trane Technologies plc and Eaton Become Major Winners from the AI Data Center Boom?
• Positive Sentiment: Zacks Research modestly raised its Eaton Q4 2026 EPS forecast to $4.02 from $4.00 and its full-year estimate to $13.49 from $13.47. Although the increases are small, they indicate continued confidence in earnings momentum; the broader consensus is $13.55 per share. Eaton Stock Performance and Earnings Estimates
• Neutral Sentiment: Eaton appointed Shawn Black as president of its Aerospace Group. The leadership change may support execution in the segment, but no immediate financial impact was announced. Eaton Names Shawn Black President, Aerospace
• Negative Sentiment: Several valuation comparisons argue that Eaton trades at a demanding price after its strong multiyear performance. Analysts cited Hubbell’s more attractive valuation and Vestas Wind Systems’ potential value advantage, while a DCF analysis suggested ETN trades above intrinsic value. These concerns could limit upside despite strong secular demand. Eaton vs. Hubbell: Which Electrification Stock Has an Edge?

Insiders Place Their Bets

In related news, Director Gerald Johnson purchased 130 shares of the company's stock in a transaction dated Thursday, August 13th. The shares were purchased at an average price of $455.90 per share, with a total value of $59,267.00. Following 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 position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Adam A. Wadecki sold 525 shares of the stock in a transaction on Tuesday, August 4th. The shares were 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 in the company, valued at $464,329.16. The trade was a 33.25% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Corporate insiders own 0.10% of the company's stock.

About Eaton

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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