National Pension Service Has $368.48 Million Stock Holdings in Eaton Corporation, PLC $ETN

National Pension Service increased its holdings in shares of Eaton Corporation, PLC (NYSE:ETN - Free Report) by 3.5% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 864,731 shares of the industrial products company's stock after acquiring an additional 29,436 shares during the period. National Pension Service owned about 0.22% of Eaton worth $368,479,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in the business. Clal Insurance Enterprises Holdings Ltd boosted its stake in Eaton by 239,384.8% in the 4th 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. Pioneer Trust Bank N A OR raised its stake in Eaton by 669.1% during the fourth quarter. Pioneer Trust Bank N A OR now owns 6,230 shares of the industrial products company's stock worth $1,984,000 after acquiring an additional 5,420 shares in the last quarter. Burling Wealth Partners LLC boosted its stake in shares of Eaton by 63.0% in the 4th quarter. Burling Wealth Partners LLC now owns 11,296 shares of the industrial products company's stock valued at $3,598,000 after purchasing an additional 4,366 shares in the last quarter. Entropy Technologies LP bought a new stake in shares of Eaton in the 4th quarter worth about $14,786,000. Finally, S&CO Inc. bought a new stake in shares of Eaton in the 2nd quarter worth about $3,824,000. Institutional investors and hedge funds own 82.97% of the company's stock.

Wall Street Analysts Forecast Growth

ETN has been the subject of several analyst reports. UBS Group raised shares of Eaton from a "neutral" rating to a "buy" rating and lifted their price target for the company from $450.00 to $515.00 in a report on Monday. Royal Bank Of Canada raised their price objective on shares of Eaton from $484.00 to $512.00 and gave the stock an "outperform" rating in a report on Monday, August 3rd. Robert W. Baird set a $500.00 price target on Eaton and gave the stock an "outperform" rating in a research report on Thursday, August 20th. BMO Capital Markets raised their price target on Eaton from $477.00 to $487.00 and gave the company an "outperform" rating in a report on Monday, August 3rd. Finally, Morgan Stanley boosted their price objective on Eaton from $500.00 to $520.00 and gave the stock an "overweight" rating in a research note on Friday, August 28th. Three investment analysts have rated the stock with a Strong Buy rating, fifteen have given a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat.com, the company has an average rating of "Buy" and an average price target of $450.61.

Insider Buying and Selling at Eaton

In other news, Director Gerald Johnson purchased 130 shares of the business's stock in a transaction that occurred on Thursday, August 13th. The shares were acquired at an average cost of $455.90 per share, for a total transaction of $59,267.00. Following the transaction, the director directly owned 1,829 shares of the company's stock, valued at approximately $833,841.10. The trade was a 7.65% increase in their position. The acquisition was disclosed in a filing with the SEC, which is available at this link. Also, insider Heath B. Monesmith sold 18,036 shares of Eaton stock in a transaction that occurred on Tuesday, August 11th. The stock was sold at an average price of $458.04, for a total transaction of $8,261,209.44. Following the transaction, the insider directly owned 50,368 shares in the company, valued at $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. Insiders own 0.10% of the company's stock.

Eaton Stock Performance

Shares of NYSE:ETN opened at $415.93 on Thursday. The business has a 50-day moving average price of $415.47 and a two-hundred day moving average price of $398.96. Eaton Corporation, PLC has a 1-year low of $311.92 and a 1-year high of $478.00. The stock has a market capitalization of $161.55 billion, a P/E ratio of 42.31, a P/E/G ratio of 2.67 and a beta of 1.17. The company has a current ratio of 1.24, a quick ratio of 0.79 and a debt-to-equity ratio of 0.91.

Eaton (NYSE:ETN - Get Free Report) last announced 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 for the quarter, compared to analysts' expectations of $8.16 billion. Eaton had a net margin of 12.75% and a return on equity of 24.58%. The business's revenue for the quarter was up 21.4% on a year-over-year basis. During the same period 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. Equities analysts predict that Eaton Corporation, PLC will post 13.56 earnings per share for the current year.

Eaton Dividend Announcement

The business also recently disclosed 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 dividend on an annualized basis and a yield of 1.1%. The ex-dividend date was Friday, August 7th. Eaton's dividend payout ratio is currently 44.76%.

Eaton Company Profile

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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