8,167 Shares in Eaton Corporation, PLC $ETN Purchased by ASK Capital Investment Managers LLC

Key Points

• ASK Capital Investment Managers bought 8,167 Eaton shares worth approximately $3.5 million in the third quarter, making Eaton 3.9% of its portfolio. Institutional investors collectively own 82.97% of the company.
• Analysts remain broadly bullish, with one Strong Buy, 21 Buy, and two Hold ratings. Eaton’s consensus price target is $480.77, while several firms recently raised their targets.
• Eaton exceeded quarterly expectations with $3.15 in EPS and $8.53 billion in revenue, up 21.4% year over year. The company also pays a quarterly dividend of $1.10 per share, representing a 1.0% yield.

ASK Capital Investment Managers LLC bought a new position in Eaton Corporation, PLC (NYSE:ETN - Free Report) during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 8,167 shares of the industrial products company's stock, valued at approximately $3,509,000. Eaton makes up 3.9% of ASK Capital Investment Managers LLC's portfolio, making the stock its 11th biggest holding.

A number of other large investors have also bought and sold shares of the business. Wellington Management Group LLP grew its holdings in Eaton by 19.6% during the 2nd quarter. Wellington Management Group LLP now owns 6,827,266 shares of the industrial products company's stock worth $2,909,235,000 after acquiring an additional 1,120,567 shares during the last quarter. National Pension Service increased its holdings in shares of Eaton by 3.5% in the second quarter. National Pension Service now owns 864,731 shares of the industrial products company's stock valued at $368,479,000 after purchasing an additional 29,436 shares in the last quarter. Clal Insurance Enterprises Holdings Ltd increased its holdings in shares of Eaton by 112.6% in the first quarter. Clal Insurance Enterprises Holdings Ltd now owns 336,060 shares of the industrial products company's stock valued at $120,199,000 after purchasing an additional 178,000 shares in the last quarter. Bartlett & CO. Wealth Management LLC raised its position in Eaton by 12.1% in the 1st quarter. Bartlett & CO. Wealth Management LLC now owns 266,845 shares of the industrial products company's stock worth $95,442,000 after purchasing an additional 28,815 shares during the last quarter. Finally, Bowen Hanes & Co. Inc. raised its position in Eaton by 0.5% in the 1st quarter. Bowen Hanes & Co. Inc. now owns 204,380 shares of the industrial products company's stock worth $73,101,000 after purchasing an additional 1,025 shares during the last quarter. 82.97% of the stock is currently owned by institutional investors.

Insider Transactions at Eaton

In other news, Director Gerald Johnson acquired 130 shares of Eaton stock in a transaction that occurred on Thursday, August 13th. The shares were acquired at an average price of $455.90 per share, with a total value of $59,267.00. Following the purchase, the director directly owned 1,829 shares of the company's stock, valued at $833,841.10. The trade was a 7.65% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Heath B. Monesmith sold 18,036 shares of the business's stock in a transaction that occurred on Tuesday, August 11th. The shares were sold at an average price of $458.04, for a total transaction of $8,261,209.44. Following the transaction, the insider owned 50,368 shares of the company's stock, valued at approximately $23,070,558.72. This represents a 26.37% decrease in their position. The SEC filing for this sale provides additional information. Corporate insiders own 0.10% of the company's stock.

Analyst Upgrades and Downgrades

A number of research analysts have commented on ETN shares. Citigroup increased their price objective on Eaton from $485.00 to $498.00 and gave the company a "buy" rating in a research report on Monday. Evercore boosted their target price on Eaton from $502.00 to $515.00 and gave the stock an "outperform" rating in a research report on Tuesday, August 11th. Royal Bank Of Canada upped their price target on Eaton from $484.00 to $512.00 and gave the company an "outperform" rating in a research note on Monday, August 3rd. Sanford C. Bernstein reiterated an "outperform" rating and issued a $534.00 price target (up from $509.00) on shares of Eaton in a report on Monday, August 3rd. Finally, BMO Capital Markets raised their price target on Eaton from $477.00 to $487.00 and gave the company an "outperform" rating in a report on Monday, August 3rd. One equities research analyst has rated the stock with a Strong Buy rating, twenty-one have given a Buy rating and two have given a Hold rating to the company's stock. According to MarketBeat.com, Eaton currently has an average rating of "Moderate Buy" and a consensus price target of $480.77.

Eaton Stock Performance

Shares of Eaton stock opened at $428.66 on Wednesday. The firm has a fifty day moving average of $425.90 and a two-hundred day moving average of $409.70. The stock has a market capitalization of $166.49 billion, a price-to-earnings ratio of 43.61, a PEG ratio of 2.48 and a beta of 1.13. Eaton Corporation, PLC has a 52 week low of $311.92 and a 52 week high of $478.00. 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 results on Friday, July 31st. The industrial products company reported $3.15 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.08 by $0.07. Eaton had a return on equity of 24.58% and a net margin of 12.75%. The business had revenue of $8.53 billion for the quarter, compared to analyst estimates of $8.16 billion. During the same period last year, the company earned $2.95 EPS. The firm's revenue 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. As a group, equities research analysts predict that Eaton Corporation, PLC will post 13.57 EPS for the current year.

Eaton Announces Dividend

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

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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