Ferguson Wellman Capital Management Inc. Raises Position in Eaton Corporation, PLC $ETN

Key Points

• Ferguson Wellman Capital Management increased its Eaton position by 4.5% in the second quarter, bringing its holdings to 143,454 shares valued at approximately $61.1 million. Institutional investors collectively own 82.97% of Eaton.
• Analyst sentiment remains positive, with Eaton receiving a consensus “Moderate Buy” rating and an average price target of $442; recent targets range as high as $520.
• 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 declared a $1.10 quarterly dividend, equivalent to a 1.1% yield.

Ferguson Wellman Capital Management Inc. grew its holdings in Eaton Corporation, PLC (NYSE:ETN - Free Report) by 4.5% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 143,454 shares of the industrial products company's stock after acquiring an additional 6,117 shares during the period. Ferguson Wellman Capital Management Inc.'s holdings in Eaton were worth $61,129,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also modified their holdings of the company. Clal Insurance Enterprises Holdings Ltd raised its holdings in Eaton by 239,384.8% during the fourth quarter. Clal Insurance Enterprises Holdings Ltd now owns 158,060 shares of the industrial products company's stock valued at $50,344,000 after buying an additional 157,994 shares in the last quarter. Burling Wealth Partners LLC boosted its stake in shares of Eaton by 63.0% during the 4th quarter. Burling Wealth Partners LLC now owns 11,296 shares of the industrial products company's stock worth $3,598,000 after acquiring an additional 4,366 shares in the last quarter. Pioneer Trust Bank N A OR increased its holdings in shares of Eaton by 669.1% during the 4th quarter. Pioneer Trust Bank N A OR now owns 6,230 shares of the industrial products company's stock valued at $1,984,000 after acquiring an additional 5,420 shares during the last quarter. Entropy Technologies LP bought a new position in shares of Eaton in the 4th quarter valued at approximately $14,786,000. Finally, S&CO Inc. acquired a new stake in Eaton in the 2nd quarter worth approximately $3,824,000. Hedge funds and other institutional investors own 82.97% of the company's stock.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on the stock. Weiss Ratings cut shares of Eaton from a "buy (b-)" rating to a "hold (c+)" rating in a research note on Thursday, August 13th. Barclays boosted their target price on shares of Eaton from $340.00 to $392.00 and gave the stock an "equal weight" rating in a research report on Wednesday, May 6th. KeyCorp raised their price target on Eaton from $420.00 to $480.00 and gave the company an "overweight" rating in a research report on Wednesday, May 6th. Morgan Stanley boosted their price objective on Eaton from $500.00 to $520.00 and gave the stock an "overweight" rating in a research report on Friday. Finally, Evercore upgraded Eaton from an "in-line" rating to an "outperform" rating and set a $502.00 target price for the company in a research note on Monday, August 3rd. Three equities research analysts have rated the stock with a Strong Buy rating, thirteen have given a Buy rating and four have assigned a Hold rating to the stock. According to data from MarketBeat.com, Eaton currently has a consensus rating of "Moderate Buy" and a consensus target price of $442.00.

Insider Buying and Selling at Eaton

In other news, Director Gerald Johnson acquired 130 shares of Eaton stock in a transaction on Thursday, August 13th. The stock was bought at an average price of $455.90 per share, for a total transaction of $59,267.00. Following the transaction, the director 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 purchase was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Adam A. Wadecki sold 525 shares of Eaton 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 sale, the insider directly 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. Insiders own 0.10% of the company's stock.

Eaton Price Performance

NYSE:ETN opened at $402.56 on Friday. 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 one year low of $311.92 and a one year high of $478.00. The company has a fifty day moving average price of $417.02 and a 200 day moving average price of $397.78. The stock has a market cap of $156.35 billion, a P/E ratio of 40.95, a PEG ratio of 2.63 and a beta of 1.18.

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 net margin of 12.75% and a return on equity of 24.58%. The company had revenue of $8.53 billion for the quarter, compared to analyst estimates of $8.16 billion. During the same period last year, the business posted $2.95 EPS. The business's quarterly 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. Analysts anticipate that Eaton Corporation, PLC will post 13.55 earnings per share for the current year.

Eaton Announces Dividend

The company also recently declared 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 1.1%. The ex-dividend date was Friday, August 7th. Eaton's payout ratio is currently 44.76%.

Eaton Profile

Eaton NYSE: ETN is a diversified power management company that designs, manufactures and distributes products and systems to manage electrical, hydraulic and mechanical power. The company's offerings are used to improve energy efficiency, reliability and safety across a wide range of applications, with core capabilities in electrical distribution and control, industrial hydraulics and aerospace systems.

Its product portfolio includes switchgear, circuit breakers, transformers, power distribution units, uninterruptible power supplies and surge protection devices for electrical infrastructure, along with hydraulic pumps, valves and filtration systems for industrial and mobile equipment.

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