Eaton Corporation, PLC $ETN Stock: B. Riley Wealth Advisors Inc. Lowers Stake

Key Points

• B. Riley Wealth Advisors cut its Eaton stake by 12.6% in the third quarter, selling 2,813 shares and retaining 19,560 shares worth approximately $8.4 million. Institutional investors and hedge funds collectively own 82.97% of ETN.
• Analysts remain broadly positive, with a consensus “Moderate Buy” rating and an average price target of $480.77; recent targets range as high as $534.
• Eaton beat 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.

B. Riley Wealth Advisors Inc. reduced its position in shares of Eaton Corporation, PLC (NYSE:ETN - Free Report) by 12.6% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 19,560 shares of the industrial products company's stock after selling 2,813 shares during the period. B. Riley Wealth Advisors Inc.'s holdings in Eaton were worth $8,405,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in ETN. Wellington Management Group LLP lifted its stake in Eaton by 19.6% during the second quarter. Wellington Management Group LLP now owns 6,827,266 shares of the industrial products company's stock worth $2,909,235,000 after purchasing an additional 1,120,567 shares during the last quarter. National Pension Service increased its stake in Eaton by 3.5% during 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 during the last quarter. Clal Insurance Enterprises Holdings Ltd increased its stake in Eaton by 112.6% during 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 during the last quarter. Bartlett & CO. Wealth Management LLC raised its holdings in shares of 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 purchasing an additional 28,815 shares during the period. Finally, Bowen Hanes & Co. Inc. raised its holdings in shares of Eaton by 0.5% during the first 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 period. 82.97% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Eaton

In other news, Director Gerald Johnson purchased 130 shares of the company's stock in a transaction on Thursday, August 13th. The shares were bought at an average price of $455.90 per share, for a total transaction of $59,267.00. Following the completion of the purchase, the director owned 1,829 shares of the company's stock, valued at $833,841.10. This trade represents a 7.65% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Adam A. Wadecki sold 525 shares of the firm's 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 completion of the sale, the insider owned 1,054 shares in the company, valued at $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 insiders.

Analysts Set New Price Targets

ETN has been the topic of a number of recent research reports. HSBC raised their price target on shares of Eaton from $440.00 to $460.00 and gave the stock a "buy" rating in a research report on Monday, August 3rd. Morgan Stanley boosted their price objective on shares of Eaton from $500.00 to $520.00 and gave the company an "overweight" rating in a research report on Friday, August 28th. Sanford C. Bernstein reiterated an "outperform" rating and set a $534.00 price objective (up from $509.00) on shares of Eaton in a research note on Monday, August 3rd. Deutsche Bank Aktiengesellschaft increased their price objective on shares of Eaton from $493.00 to $521.00 and gave the stock a "buy" rating in a research note on Wednesday, September 30th. Finally, BMO Capital Markets raised their target price on shares of Eaton from $477.00 to $487.00 and gave the stock an "outperform" rating in a report on Monday, August 3rd. One analyst has rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating and two have issued a Hold rating to the company. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of $480.77.

Eaton Price Performance

Shares of ETN opened at $428.66 on Wednesday. Eaton Corporation, PLC has a 12 month low of $311.92 and a 12 month high of $478.00. 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 has a fifty day moving average price of $425.90 and a 200 day moving average price of $409.70. The company has a market cap of $166.49 billion, a P/E ratio of 34.52, a PEG ratio of 2.48 and a beta of 1.13.

Eaton (NYSE:ETN - Get Free Report) last posted its earnings results on Friday, July 31st. The industrial products company reported $3.15 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $3.08 by $0.07. Eaton had a return on equity of 24.58% and a net margin of 12.75%. The company had revenue of $8.53 billion for the quarter, compared to analysts' expectations of $8.16 billion. During the same period last year, the business posted $2.95 earnings per share. The firm's quarterly revenue was up 21.4% compared to the same quarter last year. 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, research analysts forecast that Eaton Corporation, PLC will post 13.57 earnings per share for the current year.

Eaton Announces Dividend

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

Eaton 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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