Argent Capital Management LLC Lowers Stock Position in Eaton Corporation, PLC $ETN

Key Points

• Argent Capital Management reduced its Eaton position by 3.7% in the third quarter, selling 5,521 shares and retaining 141,954 shares valued at approximately $61 million. Institutional investors collectively own 82.97% of Eaton’s stock.
• Eaton exceeded quarterly expectations, reporting adjusted EPS of $3.15 versus the $3.08 consensus and revenue of $8.53 billion, up 21.4% year over year. The company issued fiscal 2026 EPS guidance of $13.40 to $13.60.
• Analysts remain broadly bullish, with a consensus “Buy” rating and a $456.50 price target, while Eaton recently paid a $1.10 quarterly dividend representing a 1.0% annualized yield.

Argent Capital Management LLC reduced its position in Eaton Corporation, PLC (NYSE:ETN - Free Report) by 3.7% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 141,954 shares of the industrial products company's stock after selling 5,521 shares during the period. Eaton makes up about 0.4% of Argent Capital Management LLC's investment portfolio, making the stock its 15th biggest position. Argent Capital Management LLC's holdings in Eaton were worth $60,999,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of the company. Wellington Management Group LLP grew its stake in shares of 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 valued at $2,909,235,000 after purchasing an additional 1,120,567 shares during the period. National Pension Service lifted its stake in shares of Eaton by 3.5% in the 2nd quarter. National Pension Service now owns 864,731 shares of the industrial products company's stock worth $368,479,000 after purchasing an additional 29,436 shares during the period. Clal Insurance Enterprises Holdings Ltd boosted 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 worth $120,199,000 after buying an additional 178,000 shares during the last quarter. Bartlett & CO. Wealth Management LLC boosted its holdings in shares of Eaton by 12.1% in the first quarter. Bartlett & CO. Wealth Management LLC now owns 266,845 shares of the industrial products company's stock worth $95,442,000 after buying an additional 28,815 shares during the last quarter. Finally, TD Waterhouse Canada Inc. grew its position in Eaton by 6.7% during the second quarter. TD Waterhouse Canada Inc. now owns 188,970 shares of the industrial products company's stock valued at $77,973,000 after buying an additional 11,804 shares during the period. Hedge funds and other institutional investors own 82.97% of the company's stock.

Insider Buying and Selling

In other Eaton news, Director Gerald Johnson purchased 130 shares of the company's stock in a transaction on Thursday, August 13th. The stock was acquired at an average cost of $455.90 per share, for a total transaction of $59,267.00. Following the purchase, the director directly owned 1,829 shares of the company's stock, valued at $833,841.10. This trade represents a 7.65% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider Adam Wadecki sold 525 shares of Eaton stock in a transaction that occurred on Tuesday, August 4th. The shares were 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 in the company, valued at approximately $464,329.16. The trade was a 33.25% decrease in their position. The disclosure for this sale is available in the SEC filing. 0.10% of the stock is owned by insiders.

Eaton Price Performance

Shares of ETN stock traded up $1.68 on Monday, hitting $437.79. 632,382 shares of the stock traded hands, compared to its average volume of 2,523,304. The company has a debt-to-equity ratio of 0.91, a current ratio of 1.24 and a quick ratio of 0.79. Eaton Corporation, PLC has a 52 week low of $311.92 and a 52 week high of $478.00. The firm has a 50 day simple moving average of $422.21 and a two-hundred day simple moving average of $406.41. The firm has a market cap of $170.04 billion, a price-to-earnings ratio of 44.54, a PEG ratio of 2.65 and a beta of 1.13.

Eaton (NYSE:ETN - Get Free Report) last issued its quarterly earnings results on Friday, July 31st. The industrial products company reported $3.15 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $3.08 by $0.07. The business had revenue of $8.53 billion during the quarter, compared to analyst estimates of $8.16 billion. Eaton had a return on equity of 24.58% and a net margin of 12.75%.Eaton's revenue for the quarter was up 21.4% compared to the same quarter last year. During the same quarter in the prior year, the business posted $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. As a group, equities research analysts predict that Eaton Corporation, PLC will post 13.57 earnings per share for the current fiscal year.

Eaton Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, August 28th. Investors of record on Friday, August 7th were 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 of this dividend was Friday, August 7th. Eaton's dividend payout ratio (DPR) is 44.76%.

Wall Street Analyst Weigh In

Several research analysts have weighed in on the stock. Wall Street Zen downgraded shares of Eaton from a "buy" rating to a "hold" rating in a research report on Sunday, August 16th. Wells Fargo & Company began coverage on Eaton in a research note on Thursday, September 24th. They issued an "overweight" rating and a $503.00 price objective for the company. Morgan Stanley raised their target price on Eaton from $500.00 to $520.00 and gave the stock an "overweight" rating in a report on Friday, August 28th. UBS Group upgraded Eaton from a "neutral" rating to a "buy" rating and lifted their target price for the company from $450.00 to $515.00 in a research report on Monday, September 7th. Finally, Evercore raised Eaton from an "in-line" rating to an "outperform" rating and set a $502.00 price target for the company in a report on Monday, August 3rd. Two equities research analysts have rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating and one has given a Hold rating to the company's stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Buy" and a consensus price target of $456.50.

Eaton Company Profile

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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