Jackson Wealth Management LLC Trims Position in Eaton Corporation, PLC $ETN

Key Points

• Jackson Wealth Management cut its Eaton position by 92.9% in the second quarter, selling 25,016 shares and retaining 1,911 shares worth approximately $814,000. Institutional investors still own 82.97% of Eaton’s outstanding stock.
• Eaton reported stronger-than-expected quarterly results, with EPS of $3.15 and revenue of $8.53 billion, up 21.4% year over year. Management guided for third-quarter EPS of $3.46–$3.56 and full-year 2026 EPS of $13.40–$13.60.
• Eaton shares recently fell 2.5% to $391.67, while analysts maintained an overall “Buy” consensus and a $442 average price target. The company also paid a quarterly dividend of $1.10 per share, representing a 1.1% annualized yield.

Jackson Wealth Management LLC cut its holdings in shares of Eaton Corporation, PLC (NYSE:ETN - Free Report) by 92.9% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 1,911 shares of the industrial products company's stock after selling 25,016 shares during the quarter. Jackson Wealth Management LLC's holdings in Eaton were worth $814,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also made changes to their positions in ETN. Hilton Head Capital Partners LLC purchased a new stake in Eaton during the 4th quarter worth $26,000. Manning & Napier Advisors LLC acquired a new position in shares of Eaton in the second quarter worth about $27,000. Sfam LLC purchased a new position in shares of Eaton during the 4th quarter valued at approximately $27,000. Gunpowder Capital Management LLC dba Oliver Wealth Management bought a new position in Eaton during the 4th quarter valued at $28,000. Finally, Boreal Capital Management LLC bought a new position in shares of Eaton during the first quarter worth about $33,000. 82.97% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Eaton

In related news, Director Gerald Johnson purchased 130 shares of Eaton stock in a transaction on Thursday, August 13th. The stock was purchased at an average cost of $455.90 per share, with a total value of $59,267.00. Following the acquisition, the director directly owned 1,829 shares in the company, valued at approximately $833,841.10. This trade represents a 7.65% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Heath B. Monesmith sold 18,036 shares of the stock in a transaction dated 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 completion of the sale, the insider owned 50,368 shares of the company's stock, valued at approximately $23,070,558.72. The trade was a 26.37% decrease in their position. The disclosure for this sale is available in the SEC filing. Corporate insiders own 0.10% of the company's stock.

Eaton Stock Down 2.5%

Shares of NYSE ETN traded down $10.21 during mid-day trading on Tuesday, reaching $391.67. The company had a trading volume of 675,315 shares, compared to its average volume of 2,587,163. The company has a market capitalization of $152.13 billion, a price-to-earnings ratio of 39.89, a PEG ratio of 2.54 and a beta of 1.18. The company has a debt-to-equity ratio of 0.91, a quick ratio of 0.79 and a current ratio of 1.24. The stock has a fifty day moving average of $416.35 and a two-hundred day moving average of $398.10. Eaton Corporation, PLC has a 12-month low of $311.92 and a 12-month high of $478.00.

Eaton (NYSE:ETN - Get Free Report) last released its quarterly earnings data 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. The firm had revenue of $8.53 billion during the quarter, compared to analysts' expectations of $8.16 billion. Eaton had a return on equity of 24.58% and a net margin of 12.75%.The business's revenue for the quarter was up 21.4% on a year-over-year basis. During the same quarter last year, the firm earned $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. As a group, equities research analysts expect that Eaton Corporation, PLC will post 13.56 EPS for the current year.

Eaton Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, August 28th. Investors of record on Friday, August 7th were issued a dividend of $1.10 per share. This represents a $4.40 annualized dividend and a dividend yield of 1.1%. The ex-dividend date of this dividend was Friday, August 7th. Eaton's dividend payout ratio is currently 44.76%.

Eaton News Summary

Here are the key news stories impacting Eaton this week:

• Positive Sentiment: Zacks raises earnings forecasts: Zacks Research increased its estimates across several periods, including FY2026 EPS to $13.51 from $13.49, FY2027 EPS to $15.80 from $15.48, and FY2028 EPS to $17.91 from $17.41. The revisions suggest analysts expect continued earnings growth, supported by Eaton’s exposure to electrification, power management and data-center infrastructure. Eaton analyst earnings estimates
• Positive Sentiment: Analysts remain bullish despite relative underperformance: Eaton has trailed the Nasdaq Composite over the past year, but analyst sentiment remains favorable, indicating expectations that the company’s earnings outlook and structural demand could support a recovery. Is Eaton Corporation Stock Underperforming the Nasdaq?
• Neutral Sentiment: Data-center infrastructure remains a major theme: Eaton is being compared with Vertiv as investors assess the opportunity to supply more of the power systems required by expanding data centers. The theme is supportive, although the article focuses primarily on Vertiv rather than providing a new Eaton-specific catalyst. Vertiv Stock Nearly Doubled On The Same Projects That Delayed Its Revenue
• Negative Sentiment: Leverage is attracting scrutiny: Eaton’s debt represents a larger share of its assets than in the past, increasing financial risk and potentially making the stock less attractive at a premium valuation. Eaton trades at roughly 39.5 times earnings, leaving less room for disappointment. Is Eaton Stock Riskier Than It Was A Year Ago?

Analysts Set New Price Targets

A number of research analysts have recently issued reports on ETN shares. Barclays raised their price target 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. Royal Bank Of Canada raised their price target on shares of Eaton from $484.00 to $512.00 and gave the company an "outperform" rating in a research note on Monday, August 3rd. Erste Group Bank assumed coverage on shares of Eaton in a report on Tuesday, May 5th. They issued a "buy" rating for the company. BMO Capital Markets boosted their target price on Eaton from $477.00 to $487.00 and gave the stock an "outperform" rating in a report on Monday, August 3rd. Finally, Wells Fargo & Company lifted their target price on Eaton from $350.00 to $425.00 and gave the stock an "equal weight" rating in a report on Wednesday, May 6th. Three equities research analysts have rated the stock with a Strong Buy rating, fourteen have given a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of "Buy" and a consensus target price of $442.00.

Eaton Company 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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