Eaton Corporation, PLC $ETN Shares Newly Bought by LifeGoal Investments LLC

Key Points

• LifeGoal Investments LLC purchased 3,823 Eaton shares worth approximately $1.64 million in the third quarter. Institutional investors collectively own 82.97% of Eaton’s outstanding stock.
• Analyst sentiment remains positive, with Eaton holding a consensus “Buy” rating and an average price target of $456.50. Recent target increases came from Citigroup and RBC, although one research firm downgraded the stock to “Hold.”
• Eaton exceeded quarterly earnings and revenue expectations, reporting $3.15 in EPS and $8.53 billion in revenue, while revenue grew 21.4% year over year. The company also pays a quarterly dividend of $1.10, equivalent to a 1.0% yield.

LifeGoal Investments LLC bought a new position in Eaton Corporation, PLC (NYSE:ETN - Free Report) during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor bought 3,823 shares of the industrial products company's stock, valued at approximately $1,643,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Wellington Management Group LLP raised its position 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 valued at $2,909,235,000 after purchasing an additional 1,120,567 shares in the last quarter. National Pension Service raised its holdings 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 valued at $368,479,000 after purchasing an additional 29,436 shares in the last quarter. Clal Insurance Enterprises Holdings Ltd raised its stake in 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 in the last quarter. Bartlett & CO. Wealth Management LLC lifted its holdings in Eaton by 12.1% during 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 period. Finally, TD Waterhouse Canada Inc. boosted its position in Eaton by 6.7% during the 2nd quarter. TD Waterhouse Canada Inc. now owns 188,970 shares of the industrial products company's stock valued at $77,973,000 after acquiring an additional 11,804 shares in the last quarter. Institutional investors own 82.97% of the company's stock.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on ETN shares. Citigroup raised their price objective on Eaton from $471.00 to $485.00 and gave the company a "buy" rating in a research report on Monday, August 3rd. Royal Bank Of Canada increased their target price on shares of Eaton from $484.00 to $512.00 and gave the company an "outperform" rating in a research report on Monday, August 3rd. Sanford C. Bernstein reaffirmed an "outperform" rating on shares of Eaton in a report on Monday, August 3rd. Wall Street Zen cut Eaton from a "buy" rating to a "hold" rating in a research report on Sunday, August 16th. Finally, Weiss Ratings raised Eaton from a "hold (c+)" rating to a "buy (b-)" rating in a report 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 given a Hold rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of "Buy" and an average target price of $456.50.

Insiders Place Their Bets

In other news, 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 sale, the insider owned 1,054 shares in the company, valued at $464,329.16. This represents a 33.25% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Heath B. Monesmith sold 18,036 shares of the business's stock in a transaction 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 $23,070,558.72. This represents a 26.37% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 0.10% of the stock is currently owned by insiders.

Eaton Price Performance

NYSE ETN opened at $423.99 on Friday. The company has a market cap of $164.68 billion, a price-to-earnings ratio of 43.13, a PEG ratio of 2.50 and a beta of 1.13. The company has a debt-to-equity ratio of 0.91, a current ratio of 1.24 and a quick ratio of 0.79. The stock's fifty day moving average price is $426.18 and its 200 day moving average price is $408.47. Eaton Corporation, PLC has a 1 year low of $311.92 and a 1 year high of $478.00.

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 for the quarter, beating the consensus estimate of $3.08 by $0.07. The business had revenue of $8.53 billion for 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 company's quarterly revenue was up 21.4% compared to the same quarter last year. During the same quarter in the previous year, the business earned $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 forecast that Eaton Corporation, PLC will post 13.57 earnings per share for the current year.

Eaton Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, August 28th. Investors of record on Friday, August 7th were issued a $1.10 dividend. This represents a $4.40 annualized dividend and a yield of 1.0%. The ex-dividend date was Friday, August 7th. Eaton's dividend payout ratio is 44.76%.

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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