Cullen Capital Management LLC Makes New $6.11 Million Investment in Eaton Corporation, PLC $ETN

Cullen Capital Management LLC bought a new stake in Eaton Corporation, PLC (NYSE:ETN) in the second quarter, HoldingsChannel.com reports. The institutional investor bought 14,337 shares of the industrial products company’s stock, valued at approximately $6,109,000.

A number of other hedge funds and other institutional investors also recently modified their holdings of ETN. Dearborn Partners LLC purchased a new stake in shares of Eaton during the 2nd quarter worth approximately $1,028,000. Ally Financial Inc. purchased a new position in Eaton in the 2nd quarter valued at approximately $1,704,000. Madison Asset Management LLC acquired a new position in Eaton during the second quarter worth $701,000. Knuff & Co LLC acquired a new position in Eaton during the second quarter worth $568,000. Finally, Great Lakes Advisors LLC purchased a new stake in Eaton during the second quarter worth $1,159,000. 82.97% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, insider Heath B. Monesmith sold 18,036 shares of the firm’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 sale, the insider owned 50,368 shares in the company, valued at $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 available through this link. Also, Director Gerald Johnson acquired 130 shares of the stock in a transaction dated Thursday, August 13th. The stock was acquired at an average cost of $455.90 per share, with a total value of $59,267.00. Following the transaction, the director owned 1,829 shares of the company’s stock, valued at approximately $833,841.10. This trade represents a 7.65% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Corporate insiders own 0.10% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have recently weighed in on the company. Erste Group Bank assumed coverage on Eaton in a research report on Tuesday, May 5th. They issued a “buy” rating for the company. Wall Street Zen lowered shares of Eaton from a “buy” rating to a “hold” rating in a research report on Sunday, August 16th. KeyCorp increased their price objective on shares of Eaton from $420.00 to $480.00 and gave the company an “overweight” rating in a research note on Wednesday, May 6th. Sanford C. Bernstein restated an “outperform” rating on shares of Eaton in a research report on Monday, August 3rd. Finally, Morgan Stanley reaffirmed an “overweight” rating and issued a $500.00 price target on shares of Eaton in a report on Sunday, May 10th. Two analysts have rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and four have given a Hold rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $440.89.

Eaton Trading Down 2.5%

Shares of ETN stock opened at $408.59 on Tuesday. The company has a market capitalization of $158.70 billion, a price-to-earnings ratio of 41.57, a PEG ratio of 2.65 and a beta of 1.18. 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 50-day moving average price of $417.30 and a 200 day moving average price of $396.67. Eaton Corporation, PLC has a twelve month low of $311.92 and a twelve month high of $478.00.

Eaton (NYSE:ETN) last issued 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 business had revenue of $8.53 billion during the quarter, compared to the consensus estimate of $8.16 billion. Eaton had a net margin of 12.75% and a return on equity of 24.58%. The company’s quarterly revenue was up 21.4% compared to the same quarter last year. During the same period in the previous 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. Research analysts forecast that Eaton Corporation, PLC will post 13.55 earnings per share for the current fiscal year.

Eaton Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, August 28th. Shareholders of record on Friday, August 7th will be issued a $1.10 dividend. The ex-dividend date is Friday, August 7th. This represents a $4.40 annualized dividend and a yield of 1.1%. Eaton’s payout ratio is 44.76%.

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.