Heath Monesmith Sells 18,036 Shares of Eaton (NYSE:ETN) Stock

Key Points

• Insider Heath Monesmith sold 18,036 Eaton shares at an average price of $458.04, generating approximately $8.26 million; the sale reduced his ownership by 26.37%.
• Eaton shares recently traded down 1.4% to $453.71, despite the company reporting quarterly earnings of $3.15 per share and revenue of $8.53 billion, both above analyst expectations. Revenue increased 21.4% year over year.
• Eaton declared a quarterly dividend of $1.10 per share, equivalent to a 1.0% annualized yield. Analysts maintain a “Moderate Buy” consensus rating, with an average price target of $431.78.

Eaton Corporation, PLC (NYSE:ETN - Get Free Report) insider Heath Monesmith sold 18,036 shares of the company's 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 transaction, the insider owned 50,368 shares in the company, valued at approximately $23,070,558.72. The trade was a 26.37% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink.

Eaton Trading Down 1.4%

Shares of NYSE:ETN traded down $6.25 during trading on Thursday, hitting $453.71. 1,440,816 shares of the company's stock were exchanged, compared to its average volume of 2,665,404. The company has a current ratio of 1.24, a quick ratio of 0.79 and a debt-to-equity ratio of 0.91. The firm has a market cap of $176.22 billion, a P/E ratio of 46.16, a PEG ratio of 2.91 and a beta of 1.18. The firm has a 50-day moving average price of $411.84 and a two-hundred day moving average price of $391.86. Eaton Corporation, PLC has a 1-year low of $311.92 and a 1-year high of $478.00.

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 for the quarter, beating 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 business had revenue of $8.53 billion for the quarter, compared to analyst estimates of $8.16 billion. During the same period in the prior year, the business posted $2.95 earnings per share. Eaton's revenue was up 21.4% compared to the same quarter last year. 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 13.54 earnings per share for the current year.

Eaton Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, August 28th. Stockholders of record on Friday, August 7th will be given a $1.10 dividend. This represents a $4.40 annualized dividend and a dividend yield of 1.0%. The ex-dividend date is Friday, August 7th. Eaton's dividend payout ratio (DPR) is currently 44.76%.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the stock. North Star Investment Management Corp. raised its holdings in Eaton by 0.3% during the first quarter. North Star Investment Management Corp. now owns 8,101 shares of the industrial products company's stock worth $2,897,000 after purchasing an additional 28 shares in the last quarter. Bogart Wealth LLC increased its position in Eaton by 1.3% during the 1st quarter. Bogart Wealth LLC now owns 2,184 shares of the industrial products company's stock worth $781,000 after purchasing an additional 29 shares during the period. Pring Turner Capital Group Inc. increased its position in Eaton by 0.3% during the 4th quarter. Pring Turner Capital Group Inc. now owns 10,528 shares of the industrial products company's stock worth $3,353,000 after purchasing an additional 30 shares during the period. Ellevest Inc. raised its stake in shares of Eaton by 2.5% during the 4th quarter. Ellevest Inc. now owns 1,281 shares of the industrial products company's stock worth $408,000 after buying an additional 31 shares in the last quarter. Finally, Douglass Winthrop Advisors LLC lifted its holdings in shares of Eaton by 1.2% in the 4th quarter. Douglass Winthrop Advisors LLC now owns 2,613 shares of the industrial products company's stock valued at $832,000 after buying an additional 31 shares during the period. Institutional investors own 82.97% of the company's stock.

Wall Street Analyst Weigh In

ETN has been the subject of several analyst reports. Wells Fargo & Company boosted their target price on Eaton from $350.00 to $425.00 and gave the stock an "equal weight" rating in a research report on Wednesday, May 6th. Sanford C. Bernstein restated an "outperform" rating on shares of Eaton in a report on Monday, August 3rd. Wall Street Zen upgraded shares of Eaton from a "hold" rating to a "buy" rating in a report on Saturday, August 8th. Morgan Stanley reissued an "overweight" rating and issued a $500.00 price target on shares of Eaton in a report on Sunday, May 10th. Finally, Citigroup raised their price objective on Eaton from $471.00 to $485.00 and gave the stock a "buy" rating in a research note on Monday, August 3rd. Two analysts have rated the stock with a Strong Buy rating, fourteen have given a Buy rating and four have given a Hold rating to the company. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $431.78.

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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