5,417 Eaton Corporation, PLC $ETN Shares Sold by Bell Asset Management Ltd

Key Points

• Bell Asset Management reduced its Eaton stake by 46.7% in the third quarter, selling 5,417 shares and retaining 6,189 shares valued at approximately $2.66 million. Institutional investors collectively own 82.97% of Eaton.
• Eaton reported quarterly earnings of $3.15 per share, exceeding estimates of $3.08, while revenue rose 21.4% year over year to $8.53 billion. The company issued fiscal 2026 EPS guidance of $13.40 to $13.60.
• Analyst sentiment remains positive, with Eaton receiving an average “Buy” rating and a consensus price target of $456.50. The company also pays a quarterly dividend of $1.10 per share, equivalent to a 1.0% annual yield.

Bell Asset Management Ltd cut its stake in shares of Eaton Corporation, PLC (NYSE:ETN - Free Report) by 46.7% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 6,189 shares of the industrial products company's stock after selling 5,417 shares during the period. Bell Asset Management Ltd's holdings in Eaton were worth $2,659,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently modified their holdings of ETN. Hilton Head Capital Partners LLC bought a new stake in Eaton in the fourth quarter worth $26,000. Security National Bank of SO Dak bought a new position in Eaton during the second quarter valued at $26,000. Manning & Napier Advisors LLC purchased a new stake in shares of Eaton in the second quarter valued at $27,000. Gunpowder Capital Management LLC dba Oliver Wealth Management bought a new stake in shares of Eaton in the 4th quarter worth about $28,000. Finally, Boreal Capital Management LLC bought a new stake in shares of Eaton in the 1st quarter worth about $33,000. Institutional investors own 82.97% of the company's stock.

Insider Buying and Selling at Eaton

In related news, insider Adam A. Wadecki sold 525 shares of the firm's stock in a transaction dated Tuesday, August 4th. The stock was sold at an average price of $440.54, for a total transaction of $231,283.50. Following the sale, the insider owned 1,054 shares of the company's stock, valued at $464,329.16. This trade represents a 33.25% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Heath B. Monesmith sold 18,036 shares of the business's stock in a transaction dated Tuesday, August 11th. The stock was sold at an average price of $458.04, for a total transaction of $8,261,209.44. Following the completion of the transaction, the insider owned 50,368 shares of the company's stock, valued at $23,070,558.72. This represents a 26.37% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders own 0.10% of the company's stock.

Eaton Stock Performance

Shares of Eaton stock opened at $423.99 on Friday. The company has a current ratio of 1.24, a quick ratio of 0.79 and a debt-to-equity ratio of 0.91. The stock's fifty day moving average price is $426.18 and its 200-day moving average price is $408.47. The firm has a market cap of $164.68 billion, a P/E ratio of 43.13, a P/E/G ratio of 2.50 and a beta of 1.13. Eaton Corporation, PLC has a 12 month low of $311.92 and a 12 month 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 EPS for the quarter, beating analysts' consensus estimates of $3.08 by $0.07. Eaton had a net margin of 12.75% and a return on equity of 24.58%. The business had revenue of $8.53 billion for the quarter, compared to the consensus estimate of $8.16 billion. During the same quarter last year, the firm posted $2.95 EPS. The company'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. On average, equities research analysts expect that Eaton Corporation, PLC will post 13.57 earnings per share for the current fiscal year.

Eaton Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, August 28th. Shareholders of record on Friday, August 7th were issued a dividend of $1.10 per share. The ex-dividend date was Friday, August 7th. This represents a $4.40 dividend on an annualized basis and a yield of 1.0%. Eaton's dividend payout ratio is currently 44.76%.

Analyst Upgrades and Downgrades

Several brokerages recently commented on ETN. Sanford C. Bernstein reiterated an "outperform" rating on shares of Eaton in a report on Monday, August 3rd. Citigroup boosted their target price on Eaton from $471.00 to $485.00 and gave the company a "buy" rating in a research report on Monday, August 3rd. UBS Group raised Eaton from a "neutral" rating to a "buy" rating and upped their target price for the company from $450.00 to $515.00 in a research note on Monday, September 7th. Royal Bank Of Canada increased their price target on Eaton from $484.00 to $512.00 and gave the stock an "outperform" rating in a report on Monday, August 3rd. Finally, Weiss Ratings raised Eaton from a "hold (c+)" rating to a "buy (b-)" rating in a research note on Friday, August 28th. Two equities research analysts have rated the stock with a Strong Buy rating, fifteen have given a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat, the company has an average rating of "Buy" and an average target price of $456.50.

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.

Want to see what other hedge funds are holding ETN? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Eaton Corporation, PLC (NYSE:ETN - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.