Virtu Financial LLC Purchases Shares of 18,953 Eaton Corporation, PLC $ETN

Virtu Financial LLC purchased a new stake in shares of Eaton Corporation, PLC (NYSE:ETNFree Report) during the 4th quarter, HoldingsChannel reports. The fund purchased 18,953 shares of the industrial products company’s stock, valued at approximately $6,037,000. Eaton accounts for 0.2% of Virtu Financial LLC’s investment portfolio, making the stock its 29th largest position.

A number of other hedge funds and other institutional investors also recently modified their holdings of the company. Hilton Head Capital Partners LLC bought a new position in Eaton during the fourth quarter valued at about $26,000. Sfam LLC bought a new stake in Eaton in the fourth quarter worth about $27,000. Eagle Bay Advisors LLC acquired a new stake in Eaton in the 4th quarter valued at about $29,000. WFA of San Diego LLC acquired a new stake in Eaton in the 2nd quarter valued at about $36,000. Finally, Imprint Wealth LLC bought a new position in shares of Eaton during the 3rd quarter valued at about $39,000. Institutional investors own 82.97% of the company’s stock.

Insider Transactions at Eaton

In other Eaton news, Director Gerald Johnson bought 746 shares of Eaton stock in a transaction dated Friday, May 8th. The stock was bought at an average price of $402.29 per share, for a total transaction of $300,108.34. Following the completion of the acquisition, the director directly owned 1,414 shares of the company’s stock, valued at approximately $568,838.06. This trade represents a 111.68% increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Dorothy C. Thompson sold 167 shares of the firm’s stock in a transaction on Friday, May 22nd. The stock was sold at an average price of $385.00, for a total value of $64,295.00. Following the completion of the sale, the director directly owned 1,096 shares of the company’s stock, valued at approximately $421,960. This trade represents a 13.22% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders have sold 21,028 shares of company stock worth $8,614,793. 0.10% of the stock is currently owned by insiders.

Analyst Ratings Changes

A number of analysts recently commented on the stock. Barclays boosted their target price on shares of Eaton from $340.00 to $392.00 and gave the stock an “equal weight” rating in a report on Wednesday, May 6th. KeyCorp raised their target price on shares of Eaton from $420.00 to $480.00 and gave the stock an “overweight” rating in a report on Wednesday, May 6th. Wells Fargo & Company lifted their price target on shares of Eaton from $350.00 to $425.00 and gave the stock an “equal weight” rating in a research report on Wednesday, May 6th. Evercore set a $453.00 price target on Eaton in a report on Monday, May 11th. Finally, BMO Capital Markets initiated coverage on Eaton in a research report on Friday, March 27th. They set an “outperform” rating and a $428.00 price objective for the company. Two analysts have rated the stock with a Strong Buy rating, fifteen have issued a Buy rating and four have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $420.95.

Read Our Latest Report on Eaton

Eaton Price Performance

NYSE ETN opened at $422.50 on Friday. The company has a current ratio of 1.19, a quick ratio of 0.75 and a debt-to-equity ratio of 0.94. Eaton Corporation, PLC has a 1 year low of $311.92 and a 1 year high of $435.43. The company has a market cap of $164.06 billion, a PE ratio of 41.30, a PEG ratio of 2.63 and a beta of 1.19. The stock’s 50-day moving average price is $403.86 and its two-hundred day moving average price is $368.77.

Eaton (NYSE:ETNGet Free Report) last announced its earnings results 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. The company had revenue of $7.45 billion during the quarter, compared to analysts’ expectations of $7.14 billion. Eaton had a net margin of 13.99% and a return on equity of 24.72%. The business’s revenue for the quarter was up 16.8% on a year-over-year basis. During the same period last year, the company posted $2.72 earnings per share. Eaton has set its Q2 2026 guidance at 3.000-3.100 EPS and its FY 2026 guidance at 13.050-13.500 EPS. On average, analysts predict that Eaton Corporation, PLC will post 13.32 EPS for the current year.

Eaton Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, May 29th. Investors of record on Friday, May 8th were paid a $1.10 dividend. The ex-dividend date of this dividend was Friday, May 8th. This represents a $4.40 dividend on an annualized basis and a yield of 1.0%. Eaton’s dividend payout ratio (DPR) is currently 43.01%.

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Eaton Profile

(Free Report)

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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Institutional Ownership by Quarter for Eaton (NYSE:ETN)

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