Public Employees Retirement System of Ohio Buys New Shares in Eaton Corporation, PLC $ETN

Public Employees Retirement System of Ohio purchased a new stake in shares of Eaton Corporation, PLC (NYSE:ETN) in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 152,206 shares of the industrial products company’s stock, valued at approximately $64,858,000.

Other institutional investors have also recently made changes to their positions in the company. PFA Pension Forsikringsaktieselskab acquired a new position in Eaton during the fourth quarter worth $97,989,000. Clal Insurance Enterprises Holdings Ltd boosted its holdings in shares of Eaton by 112.6% during the 1st quarter. Clal Insurance Enterprises Holdings Ltd now owns 336,060 shares of the industrial products company’s stock worth $120,199,000 after buying an additional 178,000 shares during the period. Munich Reinsurance Co Stock Corp in Munich lifted its holdings in Eaton by 24,986.3% during the 1st quarter. Munich Reinsurance Co Stock Corp in Munich now owns 154,281 shares of the industrial products company’s stock worth $55,182,000 after purchasing an additional 153,666 shares during the last quarter. Silvercrest Asset Management Group LLC lifted its holdings in shares of Eaton by 23.1% during the fourth quarter. Silvercrest Asset Management Group LLC now owns 310,859 shares of the industrial products company’s stock worth $99,012,000 after buying an additional 58,281 shares in the last quarter. Finally, Boston Trust Walden Corp grew its stake in shares of Eaton by 1,560.4% in the first quarter. Boston Trust Walden Corp now owns 58,793 shares of the industrial products company’s stock valued at $21,028,000 after acquiring an additional 55,252 shares in the last quarter. Institutional investors and hedge funds own 82.97% of the company’s stock.

Insider Buying and Selling at Eaton

In other news, insider Adam A. Wadecki sold 525 shares of the stock in a transaction dated 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 sale, the insider owned 1,054 shares of the company’s stock, valued at approximately $464,329.16. This represents a 33.25% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, 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 value of $8,261,209.44. Following the completion of the transaction, the insider directly owned 50,368 shares in the company, valued at approximately $23,070,558.72. This represents a 26.37% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Corporate insiders own 0.10% of the company’s stock.

Eaton Trading Down 0.8%

ETN opened at $416.07 on Friday. The company has a market cap of $161.60 billion, a P/E ratio of 42.33, 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 company’s 50 day moving average is $417.41 and its 200-day moving average is $397.74. Eaton Corporation, PLC has a 1-year low of $311.92 and a 1-year high of $478.00.

Eaton (NYSE:ETN) last released its quarterly earnings data on Friday, July 31st. The industrial products company reported $3.15 earnings per share for the quarter, beating the consensus estimate of $3.08 by $0.07. The company had revenue of $8.53 billion for the quarter, compared to the consensus estimate of $8.16 billion. Eaton had a return on equity of 24.58% and a net margin of 12.75%.Eaton’s revenue for the quarter was up 21.4% on a year-over-year basis. During the same quarter 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. Equities research analysts predict that Eaton Corporation, PLC will post 13.55 earnings per share for the current fiscal year.

Eaton Dividend Announcement

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

Analysts Set New Price Targets

ETN has been the subject of several analyst reports. KeyCorp lifted their price objective on shares of Eaton from $420.00 to $480.00 and gave the stock an “overweight” rating in a research note on Wednesday, May 6th. Robert W. Baird set a $500.00 price target on shares of Eaton and gave the company an “outperform” rating in a research report on Thursday, August 20th. Royal Bank Of Canada boosted their price target on Eaton from $484.00 to $512.00 and gave the company an “outperform” rating in a research note on Monday, August 3rd. Wells Fargo & Company lifted their price objective on Eaton from $350.00 to $425.00 and gave the company an “equal weight” rating in a report on Wednesday, May 6th. Finally, Wall Street Zen downgraded Eaton from a “buy” rating to a “hold” rating in a research note on Sunday, August 16th. Three investment analysts have rated the stock with a Strong Buy rating, thirteen have given a Buy rating and four have assigned a Hold rating to the company. According to data from MarketBeat.com, Eaton has an average rating of “Moderate Buy” and a consensus price target of $440.89.

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.