NewEdge Advisors LLC Purchases 15,543 Shares of Eaton Corporation, PLC $ETN

NewEdge Advisors LLC grew its position in shares of Eaton Corporation, PLC (NYSE:ETN) by 10.8% in the 2nd quarter, HoldingsChannel reports. The fund owned 158,898 shares of the industrial products company’s stock after buying an additional 15,543 shares during the period. NewEdge Advisors LLC’s holdings in Eaton were worth $67,709,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Hilton Head Capital Partners LLC bought a new stake in Eaton during the 4th quarter valued at $26,000. Manning & Napier Advisors LLC bought a new position in shares of Eaton in the second quarter valued at $27,000. Sfam LLC acquired a new position in shares of Eaton during the fourth quarter valued at about $27,000. Gunpowder Capital Management LLC dba Oliver Wealth Management bought a new stake in shares of Eaton during the fourth quarter worth about $28,000. Finally, Boreal Capital Management LLC acquired a new position in Eaton during the 1st quarter valued at about $33,000. 82.97% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Eaton

In related news, Director Gerald Johnson purchased 130 shares of the business’s stock in a transaction on Thursday, August 13th. The stock was acquired at an average price of $455.90 per share, with a total value of $59,267.00. Following the completion of the acquisition, 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 position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, insider Adam A. Wadecki sold 525 shares of the stock in a transaction on Tuesday, August 4th. The stock was sold at an average price of $440.54, for a total transaction of $231,283.50. Following the completion of the sale, the insider directly owned 1,054 shares of the company’s stock, valued at approximately $464,329.16. This trade represents a 33.25% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Company insiders own 0.10% of the company’s stock.

Eaton Price Performance

ETN opened at $422.28 on Wednesday. The stock’s 50 day moving average price is $415.39 and its 200-day moving average price is $398.69. Eaton Corporation, PLC has a 52-week low of $311.92 and a 52-week high of $478.00. The company has a debt-to-equity ratio of 0.91, a quick ratio of 0.79 and a current ratio of 1.24. The stock has a market capitalization of $164.01 billion, a PE ratio of 42.96, a price-to-earnings-growth ratio of 2.60 and a beta of 1.17.

Eaton (NYSE:ETN) last posted its quarterly earnings data on Friday, July 31st. The industrial products company reported $3.15 earnings per share (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 return on equity of 24.58% and a net margin of 12.75%.The firm’s quarterly revenue was up 21.4% compared to the same quarter last year. During the same quarter in the prior year, the company earned $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, equities research analysts predict that Eaton Corporation, PLC will post 13.56 EPS for the current year.

Eaton Announces Dividend

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

Analyst Ratings Changes

Several equities research analysts have commented on the stock. BMO Capital Markets increased their price objective on shares of Eaton from $477.00 to $487.00 and gave the company an “outperform” rating in a research note on Monday, August 3rd. Sanford C. Bernstein reiterated an “outperform” rating on shares of Eaton in a research note on Monday, August 3rd. Wall Street Zen cut Eaton from a “buy” rating to a “hold” rating in a report on Sunday, August 16th. Royal Bank Of Canada raised their price target on shares of Eaton from $484.00 to $512.00 and gave the company an “outperform” rating in a report on Monday, August 3rd. Finally, Robert W. Baird set a $500.00 price objective on Eaton and gave the stock an “outperform” rating in a report on Thursday, August 20th. Three analysts have rated the stock with a Strong Buy rating, fifteen have given a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat, Eaton currently has a consensus rating of “Buy” and an average price target of $450.61.

Eaton Company Profile

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.