NewEdge Advisors LLC Buys 15,543 Shares of Eaton Corporation, PLC $ETN

Key Points

• NewEdge Advisors increased its Eaton stake by 10.8% in the second quarter, adding 15,543 shares to own 158,898 shares valued at approximately $67.7 million. Institutional investors collectively own 82.97% of Eaton.
• Analysts remain bullish, with several firms upgrading Eaton to “buy” or “outperform” and setting price targets as high as $515. The stock has a consensus “Buy” rating and a $450.61 target price.
• Eaton exceeded quarterly earnings and revenue expectations, reporting $3.15 in EPS and $8.53 billion in revenue, up 21.4% year over year. The company also declared a quarterly dividend of $1.10 per share, representing a 1.0% annualized yield.

NewEdge Advisors LLC raised its stake in Eaton Corporation, PLC (NYSE:ETN - Free Report) by 10.8% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 158,898 shares of the industrial products company's stock after purchasing an additional 15,543 shares during the quarter. NewEdge Advisors LLC's holdings in Eaton were worth $67,709,000 at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in ETN. Clal Insurance Enterprises Holdings Ltd grew its position in shares of 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 acquiring an additional 157,994 shares during the period. Pioneer Trust Bank N A OR grew its holdings 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 purchasing an additional 5,420 shares during the period. Burling Wealth Partners LLC increased its position in Eaton by 63.0% during the fourth quarter. Burling Wealth Partners LLC now owns 11,296 shares of the industrial products company's stock worth $3,598,000 after buying an additional 4,366 shares during the last quarter. Entropy Technologies LP bought a new stake in Eaton in the fourth quarter valued at approximately $14,786,000. Finally, S&CO Inc. acquired a new stake in shares of Eaton in the second quarter valued at approximately $3,824,000. Institutional investors and hedge funds own 82.97% of the company's stock.

Analysts Set New Price Targets

Several research firms have commented on ETN. Evercore upgraded shares of Eaton from an "in-line" rating to an "outperform" rating and set a $502.00 price objective on the stock in a report on Monday, August 3rd. Royal Bank Of Canada upped their price objective on Eaton from $484.00 to $512.00 and gave the company an "outperform" rating in a report on Monday, August 3rd. Weiss Ratings raised Eaton from a "hold (c+)" rating to a "buy (b-)" rating in a report on Friday, August 28th. UBS Group upgraded shares of Eaton from a "neutral" rating to a "buy" rating and upped their price target for the company from $450.00 to $515.00 in a research note on Monday. Finally, Citigroup raised their price target on shares of Eaton from $471.00 to $485.00 and gave the stock a "buy" rating in a research report on Monday, August 3rd. Three analysts have rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating and two have given a Hold rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of "Buy" and a consensus target price of $450.61.

Eaton Stock Up 2.8%

NYSE ETN opened at $422.28 on Wednesday. The business has a fifty day moving average price of $415.39 and a two-hundred day moving average price of $398.69. 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 fifty-two week low of $311.92 and a fifty-two week high of $478.00. The stock has a market capitalization of $164.01 billion, a PE ratio of 42.96, a PEG ratio of 2.60 and a beta of 1.17.

Eaton (NYSE:ETN - Get Free Report) last posted its earnings results on Friday, July 31st. The industrial products company reported $3.15 EPS for the quarter, topping 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 net margin of 12.75% and a return on equity of 24.58%. The business's revenue for the quarter was up 21.4% compared to the same quarter last year. During the same quarter in the prior year, the business 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 expect that Eaton Corporation, PLC will post 13.56 earnings per share for the current fiscal year.

Eaton Announces Dividend

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

Insider Activity at Eaton

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 transaction of $231,283.50. Following the completion of the sale, the insider directly 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 filing with the SEC, which is available through the SEC website. Also, Director Gerald Johnson purchased 130 shares of the firm's stock in a transaction on Thursday, August 13th. The shares were acquired at an average price of $455.90 per share, with a total value of $59,267.00. Following the completion of the acquisition, the director owned 1,829 shares in the company, valued at approximately $833,841.10. This trade represents a 7.65% increase in their position. The disclosure for this purchase is available in the SEC filing. 0.10% of the stock is currently owned by company insiders.

Eaton 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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