TD Private Client Wealth LLC Has $1.93 Million Holdings in Eaton Corporation, PLC $ETN

TD Private Client Wealth LLC cut its holdings in shares of Eaton Corporation, PLC (NYSE:ETN) by 44.8% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 6,070 shares of the industrial products company’s stock after selling 4,918 shares during the period. TD Private Client Wealth LLC’s holdings in Eaton were worth $1,933,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in ETN. Jones Financial Companies Lllp boosted its position in Eaton by 9.9% in the 3rd quarter. Jones Financial Companies Lllp now owns 45,998 shares of the industrial products company’s stock valued at $16,830,000 after buying an additional 4,156 shares during the last quarter. Mediolanum International Funds Ltd raised its position in shares of Eaton by 14.2% during the third quarter. Mediolanum International Funds Ltd now owns 121,162 shares of the industrial products company’s stock worth $44,485,000 after acquiring an additional 15,048 shares during the last quarter. Aventura Private Wealth LLC acquired a new position in shares of Eaton during the fourth quarter valued at $1,339,000. Cullen Frost Bankers Inc. boosted its holdings in Eaton by 6.0% in the third quarter. Cullen Frost Bankers Inc. now owns 162,634 shares of the industrial products company’s stock valued at $60,866,000 after acquiring an additional 9,233 shares during the last quarter. Finally, Ransom Advisory Ltd bought a new position in Eaton in the fourth quarter valued at about $3,881,000. Institutional investors own 82.97% of the company’s stock.

Eaton Trading Down 2.7%

Shares of NYSE ETN opened at $371.62 on Wednesday. Eaton Corporation, PLC has a twelve month low of $311.90 and a twelve month high of $435.43. The stock has a market cap of $144.30 billion, a price-to-earnings ratio of 36.33, a P/E/G ratio of 2.45 and a beta of 1.24. The company has a quick ratio of 0.75, a current ratio of 1.19 and a debt-to-equity ratio of 0.94. The company’s fifty day moving average is $385.78 and its 200-day moving average is $362.07.

Eaton (NYSE:ETN) last issued its quarterly earnings data on Tuesday, May 5th. The industrial products company reported $2.81 EPS for the quarter, topping the consensus estimate of $2.73 by $0.08. Eaton had a return on equity of 24.72% and a net margin of 13.99%.The business had revenue of $7.45 billion for the quarter, compared to the consensus estimate of $7.14 billion. During the same quarter last year, the business posted $2.72 EPS. The firm’s revenue was up 16.8% compared to the same quarter last year. Eaton has set its Q2 2026 guidance at 3.000-3.100 EPS and its FY 2026 guidance at 13.050-13.500 EPS. Equities research analysts predict that Eaton Corporation, PLC will post 13.33 EPS for the current year.

Eaton Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, May 29th. Investors of record on Friday, May 8th will be given a $1.10 dividend. The ex-dividend date is Friday, May 8th. This represents a $4.40 annualized dividend and a dividend yield of 1.2%. Eaton’s payout ratio is currently 43.01%.

Analyst Ratings Changes

A number of research analysts have issued reports on the stock. Jefferies Financial Group assumed coverage on shares of Eaton in a research report on Monday, March 16th. They set a “buy” rating and a $430.00 target price on the stock. JPMorgan Chase & Co. lifted their price target on shares of Eaton from $406.00 to $445.00 and gave the stock an “overweight” rating in a research report on Wednesday, May 6th. Evercore set a $453.00 price objective on shares of Eaton in a report on Monday, May 11th. Citigroup upped their target price on shares of Eaton from $464.00 to $471.00 and gave the company a “buy” rating in a research report on Wednesday, May 6th. Finally, Barclays increased their price target on Eaton from $340.00 to $392.00 and gave the company an “equal weight” rating in a research note on Wednesday, May 6th. Two analysts have rated the stock with a Strong Buy rating, fifteen have issued a Buy rating and four have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $420.95.

Insiders Place Their Bets

In other news, insider Antonio Galvao sold 494 shares of the stock in a transaction on Wednesday, May 13th. The shares were sold at an average price of $405.86, for a total transaction of $200,494.84. Following the completion of the sale, the insider owned 9,175 shares of the company’s stock, valued at $3,723,765.50. This represents a 5.11% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Peter Denk sold 2,000 shares of the firm’s stock in a transaction on Wednesday, May 6th. The stock was sold at an average price of $417.94, for a total transaction of $835,880.00. Following the sale, the insider owned 7,102 shares in the company, valued at approximately $2,968,209.88. The trade was a 21.97% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 20,861 shares of company stock valued at $8,550,498 in the last quarter. 0.10% of the stock is owned by company insiders.

About Eaton

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.