Sequoia Financial Advisors LLC Acquires 10,831 Shares of Eaton Corporation, PLC $ETN

Key Points

• Sequoia Financial Advisors increased its Eaton stake by 6.6% in the second quarter, adding 10,831 shares to own 175,147 shares valued at approximately $74.6 million. Institutional investors collectively hold 82.97% of Eaton’s outstanding stock.
• Eaton beat quarterly expectations with earnings of $3.15 per share and revenue of $8.53 billion, up 21.4% year over year. Management guided for third-quarter 2026 EPS of $3.46–$3.56 and full-year EPS of $13.40–$13.60.
• Analysts remain broadly bullish, with the stock carrying a consensus “Buy” rating and a $450.61 price target; several firms recently raised targets above $500. Eaton also pays a quarterly dividend of $1.10 per share, implying a 1.1% annual yield.

Sequoia Financial Advisors LLC increased its stake in Eaton Corporation, PLC (NYSE:ETN - Free Report) by 6.6% in the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 175,147 shares of the industrial products company's stock after acquiring an additional 10,831 shares during the period. Sequoia Financial Advisors LLC's holdings in Eaton were worth $74,634,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. Cahill Financial Advisors Inc. bought a new stake in Eaton in the 2nd quarter worth $223,000. Scholtz & Company LLC lifted its stake in shares of Eaton by 18.2% in the 2nd quarter. Scholtz & Company LLC now owns 12,215 shares of the industrial products company's stock valued at $5,205,000 after purchasing an additional 1,884 shares during the period. Archford Capital Strategies LLC raised its holdings in Eaton by 8.8% in the second quarter. Archford Capital Strategies LLC now owns 669 shares of the industrial products company's stock worth $285,000 after purchasing an additional 54 shares in the last quarter. National Pension Service lifted its position 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 buying an additional 29,436 shares during the period. Finally, Plimoth Trust Co. LLC boosted its holdings in shares of Eaton by 0.8% during the 2nd quarter. Plimoth Trust Co. LLC now owns 11,972 shares of the industrial products company's stock valued at $5,102,000 after buying an additional 97 shares in the last quarter. 82.97% of the stock is currently owned by hedge funds and other institutional investors.

Eaton Stock Down 1.5%

NYSE ETN opened at $415.93 on Thursday. Eaton Corporation, PLC has a 52 week low of $311.92 and a 52 week high of $478.00. The company has a quick ratio of 0.79, a current ratio of 1.24 and a debt-to-equity ratio of 0.91. The company has a market capitalization of $161.55 billion, a P/E ratio of 42.31, a price-to-earnings-growth ratio of 2.67 and a beta of 1.17. The stock's 50-day moving average price is $415.47 and its 200-day moving average price is $398.96.

Eaton (NYSE:ETN - Get Free Report) last released its earnings results on Friday, July 31st. The industrial products company reported $3.15 earnings per share for the quarter, beating analysts' consensus estimates of $3.08 by $0.07. The company 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%. Eaton's revenue for the quarter was up 21.4% on a year-over-year basis. During the same quarter in the previous year, the company earned $2.95 EPS. 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, equities research analysts predict that Eaton Corporation, PLC will post 13.56 earnings per share for the current year.

Eaton Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, August 28th. Shareholders of record on Friday, August 7th were given a dividend of $1.10 per share. The ex-dividend date was Friday, August 7th. This represents a $4.40 annualized dividend and a yield of 1.1%. Eaton's dividend payout ratio (DPR) is 44.76%.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on the stock. Royal Bank Of Canada lifted their target price on shares of Eaton from $484.00 to $512.00 and gave the company an "outperform" rating in a report on Monday, August 3rd. Evercore upgraded shares of Eaton from an "in-line" rating to an "outperform" rating and set a $502.00 price target on the stock in a research note on Monday, August 3rd. UBS Group raised shares of Eaton from a "neutral" rating to a "buy" rating and lifted their target price for the stock from $450.00 to $515.00 in a report on Monday. BMO Capital Markets increased their price target on shares of Eaton from $477.00 to $487.00 and gave the company an "outperform" rating in a report on Monday, August 3rd. Finally, Sanford C. Bernstein restated an "outperform" rating on shares of Eaton in a report on Monday, August 3rd. Three equities research 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 presently has a consensus rating of "Buy" and a consensus price target of $450.61.

Insiders Place Their Bets

In related news, Director Gerald Johnson bought 130 shares of the business's stock in a transaction dated Thursday, August 13th. The shares were purchased at an average price of $455.90 per share, with a total value of $59,267.00. Following the transaction, the director owned 1,829 shares in the company, valued at $833,841.10. This trade represents a 7.65% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Heath B. Monesmith sold 18,036 shares of the firm's stock in a transaction on Tuesday, August 11th. The stock was sold at an average price of $458.04, for a total value 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. This represents a 26.37% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Corporate insiders own 0.10% of the company's stock.

About Eaton

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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