Corient Private Wealth LP Has $173.94 Million Holdings in Eaton Corporation, PLC $ETN

Key Points

• Corient Private Wealth trimmed its Eaton stake by 0.8% in the second quarter, selling 3,192 shares but retaining 408,140 shares valued at approximately $173.94 million. Institutional investors collectively own 82.97% of Eaton.
• Analysts maintain a favorable outlook, with Eaton holding a consensus “Buy” rating and an average price target of $454.18; several firms recently raised their targets, including RBC to $512.
• Eaton exceeded quarterly expectations with earnings of $3.15 per share and revenue of $8.53 billion, up 21.4% year over year. The company also paid a quarterly dividend of $1.10 per share, equal to a 1.0% annualized yield.

Corient Private Wealth LP trimmed its holdings in Eaton Corporation, PLC (NYSE:ETN - Free Report) by 0.8% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 408,140 shares of the industrial products company's stock after selling 3,192 shares during the period. Corient Private Wealth LP owned 0.11% of Eaton worth $173,938,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also added to or reduced their stakes in the stock. North Star Investment Management Corp. boosted its holdings in shares of Eaton by 0.3% in the 1st quarter. North Star Investment Management Corp. now owns 8,101 shares of the industrial products company's stock valued at $2,897,000 after purchasing an additional 28 shares in the last quarter. Bogart Wealth LLC boosted its stake in shares of Eaton by 1.3% in the 1st quarter. Bogart Wealth LLC now owns 2,184 shares of the industrial products company's stock valued at $781,000 after purchasing an additional 29 shares in the last quarter. Pring Turner Capital Group Inc. grew its holdings in shares of Eaton by 0.3% during the 4th quarter. Pring Turner Capital Group Inc. now owns 10,528 shares of the industrial products company's stock valued at $3,353,000 after purchasing an additional 30 shares during the last quarter. Ellevest Inc. lifted its stake in Eaton by 2.5% in the 4th quarter. Ellevest Inc. now owns 1,281 shares of the industrial products company's stock valued at $408,000 after purchasing an additional 31 shares during the last quarter. Finally, Tanager Wealth Management LLP boosted its position in Eaton by 5.4% in the second quarter. Tanager Wealth Management LLP now owns 606 shares of the industrial products company's stock valued at $258,000 after buying an additional 31 shares in the last quarter. Institutional investors and hedge funds own 82.97% of the company's stock.

Analyst Ratings Changes

A number of research firms have weighed in on ETN. Wall Street Zen cut shares of Eaton from a "buy" rating to a "hold" rating in a research note on Sunday, August 16th. Evercore raised Eaton from an "in-line" rating to an "outperform" rating and set a $502.00 price target on the stock in a research note on Monday, August 3rd. BMO Capital Markets boosted their price target on 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 report on Thursday, August 20th. Finally, Royal Bank Of Canada lifted their price target on shares of Eaton from $484.00 to $512.00 and gave the stock an "outperform" rating in a report on Monday, August 3rd. Two research analysts have rated the stock with a Strong Buy rating, fifteen have issued a Buy rating and two have issued a Hold rating to the company's stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Buy" and an average price target of $454.18.

Insider Activity at Eaton

In other news, Director Gerald Johnson purchased 130 shares of the company's stock in a transaction that occurred on Thursday, August 13th. The shares were acquired at an average cost of $455.90 per share, with a total value of $59,267.00. Following the purchase, the director owned 1,829 shares in the company, valued at $833,841.10. This represents a 7.65% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, 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 owned 1,054 shares in the company, valued at approximately $464,329.16. The trade was a 33.25% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 0.10% of the stock is currently owned by corporate insiders.

Eaton Stock Up 4.1%

Shares of Eaton stock opened at $425.88 on Friday. The stock's 50-day moving average is $416.22 and its 200 day moving average is $399.40. Eaton Corporation, PLC has a one year low of $311.92 and a one year high of $478.00. The firm has a market cap of $165.41 billion, a price-to-earnings ratio of 43.32, a PEG ratio of 2.58 and a beta of 1.17. 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 (NYSE:ETN - Get Free Report) last issued its earnings results 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 during the quarter, compared to the consensus estimate of $8.16 billion. Eaton had a return on equity of 24.58% and a net margin of 12.75%.The firm's revenue for the quarter was up 21.4% on a year-over-year basis. During the same period in the previous year, the company posted $2.95 earnings per share. 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 anticipate that Eaton Corporation, PLC will post 13.56 EPS for the current year.

Eaton Dividend Announcement

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

About Eaton

Eaton plc is a power management company that helps businesses, utilities, data centers, industrial facilities and other customers manage electrical, hydraulic and mechanical power more safely and efficiently. Its products and systems support power distribution, circuit protection, power quality, backup power, industrial automation and energy management.

The company also supplies aerospace systems, including hydraulic, fuel, motion-control and air-management equipment, as well as components and systems for commercial and military aircraft.

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