Madison Asset Management LLC Makes New Investment in Eaton Corporation, PLC $ETN

Madison Asset Management LLC acquired a new stake in shares of Eaton Corporation, PLC (NYSE:ETN) during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The firm acquired 1,645 shares of the industrial products company’s stock, valued at approximately $701,000.

Other hedge funds also recently made changes to their positions in the company. Knuff & Co LLC purchased a new stake in Eaton during the second quarter valued at about $568,000. Great Lakes Advisors LLC purchased a new position in shares of Eaton in the 2nd quarter worth about $1,159,000. Foster & Motley Inc. purchased a new position in shares of Eaton during the 2nd quarter valued at about $2,969,000. Commerzbank Aktiengesellschaft FI bought a new stake in Eaton in the 2nd quarter worth approximately $1,469,000. Finally, Trust Co. of Vermont purchased a new stake in Eaton in the second quarter worth approximately $23,027,000. 82.97% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on ETN shares. Royal Bank Of Canada boosted their price objective on shares of Eaton from $484.00 to $512.00 and gave the stock an “outperform” rating in a report on Monday, August 3rd. Barclays lifted their target price on shares of Eaton from $340.00 to $392.00 and gave the stock an “equal weight” rating in a research report on Wednesday, May 6th. Evercore upgraded shares of Eaton from an “in-line” rating to an “outperform” rating and set a $502.00 price target for the company in a research report on Monday, August 3rd. BMO Capital Markets raised their price objective on Eaton from $477.00 to $487.00 and gave the company an “outperform” rating in a research note on Monday, August 3rd. Finally, Wells Fargo & Company lifted their price objective on Eaton from $350.00 to $425.00 and gave the stock an “equal weight” rating in a report on Wednesday, May 6th. Two investment analysts have rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and four have assigned a Hold rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $440.89.

Trending Headlines about Eaton

Here are the key news stories impacting Eaton this week:

• Positive Sentiment: Eaton won contracts from BSD Builders to provide emergency power and energy-management technology for 35 California skilled-nursing facilities. The projects are linked to new state resilience requirements and reinforce demand for Eaton’s grid-resilience and backup-power products. Eaton Wins Contracts From BSD Builders to Supply Power-Management Technology to California Healthcare Facilities
• Positive Sentiment: Eaton’s collaboration with Trane Technologies (NYSE: TT) combines electrical infrastructure and thermal-management systems for AI-focused data centers, using a reference design aligned with NVIDIA platforms. The partnership supports the investment thesis that accelerating AI infrastructure spending will drive demand for Eaton’s power-management equipment. Can Trane Technologies plc and Eaton Become Major Winners from the AI Data Center Boom?
• Positive Sentiment: Zacks Research modestly raised its Eaton Q4 2026 EPS forecast to $4.02 from $4.00 and its full-year estimate to $13.49 from $13.47. Although the increases are small, they indicate continued confidence in earnings momentum; the broader consensus is $13.55 per share. Eaton Stock Performance and Earnings Estimates
• Neutral Sentiment: Eaton appointed Shawn Black as president of its Aerospace Group. The leadership change may support execution in the segment, but no immediate financial impact was announced. Eaton Names Shawn Black President, Aerospace
• Negative Sentiment: Several valuation comparisons argue that Eaton trades at a demanding price after its strong multiyear performance. Analysts cited Hubbell’s more attractive valuation and Vestas Wind Systems’ potential value advantage, while a DCF analysis suggested ETN trades above intrinsic value. These concerns could limit upside despite strong secular demand. Eaton vs. Hubbell: Which Electrification Stock Has an Edge?

Insider Activity

In other Eaton news, insider Heath B. Monesmith sold 18,036 shares of Eaton 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 sale, the insider directly owned 50,368 shares of the company’s stock, valued at approximately $23,070,558.72. The trade was a 26.37% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Adam A. Wadecki sold 525 shares of the company’s 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 transaction, the insider owned 1,054 shares in the company, valued at $464,329.16. This trade represents a 33.25% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders own 0.10% of the company’s stock.

Eaton Trading Up 1.2%

NYSE ETN opened at $420.14 on Friday. The stock has a market cap of $163.18 billion, a P/E ratio of 42.74, a price-to-earnings-growth ratio of 2.63 and a beta of 1.18. Eaton Corporation, PLC has a fifty-two week low of $311.92 and a fifty-two week high of $478.00. The stock has a 50 day simple moving average of $417.27 and a two-hundred day simple moving average of $396.09. The company has a debt-to-equity ratio of 0.91, a quick ratio of 0.79 and a current ratio of 1.24.

Eaton (NYSE:ETN) last announced its quarterly earnings results on Friday, July 31st. The industrial products company reported $3.15 EPS for the quarter, topping analysts’ consensus estimates of $3.08 by $0.07. The company had revenue of $8.53 billion during the quarter, compared to analyst estimates of $8.16 billion. Eaton had a return on equity of 24.58% and a net margin of 12.75%.The firm’s revenue was up 21.4% on a year-over-year basis. During the same quarter last year, the firm posted $2.95 earnings per share. 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, analysts forecast that Eaton Corporation, PLC will post 13.55 earnings per share for the current year.

Eaton Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, August 28th. Stockholders of record on Friday, August 7th will be paid a dividend of $1.10 per share. The ex-dividend date of this dividend is Friday, August 7th. This represents a $4.40 dividend on an annualized basis and a dividend yield of 1.0%. Eaton’s payout ratio is presently 44.76%.

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.