Eaton (NYSE:ETN) Insider Sells $8,261,209.44 in Stock

Eaton Corporation, PLC (NYSE:ETN) insider Heath Monesmith sold 18,036 shares of the company’s stock in a transaction 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 transaction, the insider directly owned 50,368 shares in the company, valued at approximately $23,070,558.72. This trade represents a 26.37% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

Eaton Price Performance

Shares of NYSE ETN traded down $6.25 during midday trading on Thursday, hitting $453.71. The company had a trading volume of 1,440,816 shares, compared to its average volume of 2,665,404. The firm has a market capitalization of $176.22 billion, a price-to-earnings ratio of 46.16, a price-to-earnings-growth ratio of 2.91 and a beta of 1.18. Eaton Corporation, PLC has a twelve month low of $311.92 and a twelve month high of $478.00. The business has a 50-day simple moving average of $411.84 and a two-hundred day simple moving average of $391.86. The company has a quick ratio of 0.79, a current ratio of 1.24 and a debt-to-equity ratio of 0.91.

Eaton (NYSE:ETN) last issued its earnings results on Friday, July 31st. The industrial products company reported $3.15 earnings per share for the quarter, topping 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 company 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. The firm’s revenue for the quarter 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 research analysts anticipate that Eaton Corporation, PLC will post 13.54 earnings per share for the current year.

Eaton Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, August 28th. Investors of record on Friday, August 7th will be paid a $1.10 dividend. This represents a $4.40 annualized dividend and a yield of 1.0%. The ex-dividend date of this dividend is Friday, August 7th. Eaton’s dividend payout ratio (DPR) is presently 44.76%.

Analyst Upgrades and Downgrades

Several research firms have weighed in on ETN. Erste Group Bank started coverage on Eaton in a report on Tuesday, May 5th. They issued a “buy” rating on the stock. KeyCorp boosted their price objective on shares of Eaton from $420.00 to $480.00 and gave the stock an “overweight” rating in a research report on Wednesday, May 6th. Barclays raised their target price on shares of Eaton from $340.00 to $392.00 and gave the company an “equal weight” rating in a report on Wednesday, May 6th. Morgan Stanley restated an “overweight” rating and set a $500.00 target price on shares of Eaton in a research report on Sunday, May 10th. Finally, Weiss Ratings downgraded shares of Eaton from a “buy (b)” rating to a “buy (b-)” rating in a report on Monday, May 18th. Two investment analysts have rated the stock with a Strong Buy rating, fourteen have given a Buy rating and four have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, Eaton presently has a consensus rating of “Moderate Buy” and a consensus price target of $431.78.

Institutional Trading of Eaton

A number of large investors have recently made changes to their positions in ETN. Hilton Head Capital Partners LLC acquired a new position in Eaton in the 4th quarter valued at about $26,000. Sfam LLC acquired a new stake in shares of Eaton during the 4th quarter worth about $27,000. Gunpowder Capital Management LLC dba Oliver Wealth Management purchased a new stake in shares of Eaton during the fourth quarter worth about $28,000. Eagle Bay Advisors LLC acquired a new position in shares of Eaton in the fourth quarter valued at approximately $29,000. Finally, Boreal Capital Management LLC purchased a new position in shares of Eaton during the first quarter valued at approximately $33,000. Institutional investors and hedge funds own 82.97% of the company’s stock.

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.