Scholtz & Company LLC Has $5.21 Million Stock Holdings in Eaton Corporation, PLC $ETN

Scholtz & Company LLC boosted its position in shares of Eaton Corporation, PLC (NYSE:ETN) by 18.2% in the second quarter, Holdings Channel.com reports. The firm owned 12,215 shares of the industrial products company’s stock after purchasing an additional 1,884 shares during the period. Eaton comprises 2.6% of Scholtz & Company LLC’s holdings, making the stock its 14th largest holding. Scholtz & Company LLC’s holdings in Eaton were worth $5,205,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the company. Hilton Head Capital Partners LLC purchased a new stake in shares of Eaton during the 4th quarter worth about $26,000. Manning & Napier Advisors LLC bought a new stake in shares of Eaton in the 2nd quarter valued at approximately $27,000. Sfam LLC bought a new stake in shares of Eaton in the 4th quarter valued at approximately $27,000. Gunpowder Capital Management LLC dba Oliver Wealth Management acquired a new position in Eaton in the fourth quarter worth approximately $28,000. Finally, Boreal Capital Management LLC bought a new position in Eaton during the first quarter valued at approximately $33,000. Hedge funds and other institutional investors own 82.97% of the company’s stock.

Insider Buying and Selling

In related news, insider Heath Monesmith sold 18,036 shares of the stock in a transaction that occurred on Tuesday, August 11th. The stock was sold at an average price of $458.04, for a total transaction of $8,261,209.44. Following the completion of the sale, the insider owned 50,368 shares in the company, valued at $23,070,558.72. This represents a 26.37% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Adam Wadecki sold 525 shares of Eaton stock in a transaction that occurred on Tuesday, August 4th. The stock was sold at an average price of $440.54, for a total value of $231,283.50. Following the completion of the transaction, the insider directly owned 1,054 shares in the company, valued at approximately $464,329.16. This represents a 33.25% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 0.10% of the stock is owned by insiders.

Eaton Price Performance

Shares of Eaton stock opened at $415.93 on Thursday. 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 fifty day simple moving average of $415.47 and a 200-day simple moving average of $398.96. The stock has a market capitalization of $161.55 billion, a price-to-earnings ratio of 42.31, a PEG ratio of 2.67 and a beta of 1.17. Eaton Corporation, PLC has a 1-year low of $311.92 and a 1-year high of $478.00.

Eaton (NYSE:ETN) last posted its earnings results on Friday, July 31st. The industrial products company reported $3.15 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.08 by $0.07. The business had revenue of $8.53 billion for the quarter, compared to analyst estimates of $8.16 billion. Eaton had a net margin of 12.75% and a return on equity of 24.58%. Eaton’s revenue was up 21.4% compared to the same quarter last year. During the same period last year, the business posted $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, sell-side analysts expect that Eaton Corporation, PLC will post 13.56 earnings per share for the current year.

Eaton Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, August 28th. Stockholders of record on Friday, August 7th were paid a $1.10 dividend. The ex-dividend date was Friday, August 7th. This represents a $4.40 dividend on an annualized basis and a dividend yield of 1.1%. Eaton’s payout ratio is presently 44.76%.

Analysts Set New Price Targets

ETN has been the subject of a number of analyst reports. UBS Group upgraded shares of Eaton from a “neutral” rating to a “buy” rating and lifted their target price for the company from $450.00 to $515.00 in a research note on Monday. 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 report on Monday, August 3rd. Royal Bank Of Canada lifted their price objective on shares of Eaton from $484.00 to $512.00 and gave the company an “outperform” rating in a research note on Monday, August 3rd. Sanford C. Bernstein reissued an “outperform” rating on shares of Eaton in a research report on Monday, August 3rd. Finally, Morgan Stanley raised their target price on Eaton from $500.00 to $520.00 and gave the company an “overweight” rating in a report on Friday, August 28th. Three investment 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. Based on data from MarketBeat, the company currently has a consensus rating of “Buy” and an average target price of $450.61.

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.