Eaton Corporation, PLC $ETN Shares Purchased by Waterway Wealth Management LLC

Waterway Wealth Management LLC increased its stake in shares of Eaton Corporation, PLC (NYSE:ETN) by 112.0% in the 4th quarter, Holdings Channel reports. The firm owned 7,750 shares of the industrial products company’s stock after purchasing an additional 4,095 shares during the period. Eaton accounts for 0.5% of Waterway Wealth Management LLC’s investment portfolio, making the stock its 23rd largest holding. Waterway Wealth Management LLC’s holdings in Eaton were worth $2,468,000 as of its most recent SEC filing.

Other hedge funds have also recently modified their holdings of the company. Aventura Private Wealth LLC acquired a new position in shares of Eaton during the 4th quarter worth about $1,339,000. Farmers National Bank purchased a new stake in Eaton during the 3rd quarter valued at about $1,530,000. Ransom Advisory Ltd purchased a new stake in Eaton during the 4th quarter valued at about $3,881,000. Morse Asset Management Inc grew its stake in Eaton by 3,937.1% during the 3rd quarter. Morse Asset Management Inc now owns 4,239 shares of the industrial products company’s stock valued at $1,586,000 after acquiring an additional 4,134 shares in the last quarter. Finally, Burling Wealth Partners LLC grew its stake in Eaton by 63.0% during the 4th quarter. Burling Wealth Partners LLC now owns 11,296 shares of the industrial products company’s stock valued at $3,598,000 after acquiring an additional 4,366 shares in the last quarter. Institutional investors and hedge funds own 82.97% of the company’s stock.

Eaton Price Performance

Shares of ETN opened at $407.68 on Wednesday. Eaton Corporation, PLC has a twelve month low of $311.92 and a twelve month high of $435.43. The firm’s fifty day simple moving average is $401.86 and its 200-day simple moving average is $367.76. The firm has a market capitalization of $158.30 billion, a price-to-earnings ratio of 39.85, a PEG ratio of 2.62 and a beta of 1.19. The company has a current ratio of 1.19, a quick ratio of 0.75 and a debt-to-equity ratio of 0.94.

Eaton (NYSE:ETN) last announced its quarterly earnings data on Tuesday, May 5th. The industrial products company reported $2.81 earnings per share for the quarter, beating analysts’ consensus estimates of $2.73 by $0.08. Eaton had a net margin of 13.99% and a return on equity of 24.72%. The business had revenue of $7.45 billion for the quarter, compared to analyst estimates of $7.14 billion. During the same period last year, the business earned $2.72 EPS. The company’s revenue was up 16.8% on a year-over-year basis. Eaton has set its Q2 2026 guidance at 3.000-3.100 EPS and its FY 2026 guidance at 13.050-13.500 EPS. Equities analysts forecast that Eaton Corporation, PLC will post 13.32 EPS for the current fiscal year.

Eaton Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, May 29th. Investors of record on Friday, May 8th were paid a dividend of $1.10 per share. This represents a $4.40 annualized dividend and a yield of 1.1%. The ex-dividend date was Friday, May 8th. Eaton’s dividend payout ratio (DPR) is currently 43.01%.

Insider Activity

In other Eaton news, insider Peter Denk sold 2,000 shares of the firm’s stock in a transaction on Wednesday, May 6th. The shares were sold at an average price of $417.94, for a total transaction of $835,880.00. Following the transaction, the insider directly owned 7,102 shares of the company’s stock, valued at approximately $2,968,209.88. This trade represents a 21.97% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Heath B. Monesmith sold 18,367 shares of Eaton stock in a transaction dated Wednesday, May 6th. The shares were sold at an average price of $409.11, for a total transaction of $7,514,123.37. Following the completion of the sale, the insider directly owned 49,822 shares in the company, valued at approximately $20,382,678.42. The trade was a 26.94% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 21,028 shares of company stock worth $8,614,793 over the last three months. Company insiders own 0.10% of the company’s stock.

Analysts Set New Price Targets

Several analysts have recently weighed in on the stock. KeyCorp increased their price target 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. Weiss Ratings cut shares of Eaton from a “buy (b)” rating to a “buy (b-)” rating in a research note on Monday, May 18th. Royal Bank Of Canada increased their price objective on shares of Eaton from $457.00 to $484.00 and gave the stock an “outperform” rating in a research report on Wednesday, May 6th. Erste Group Bank began coverage on shares of Eaton in a research report on Tuesday, May 5th. They set a “buy” rating for the company. Finally, JPMorgan Chase & Co. increased their price objective on shares of Eaton from $406.00 to $445.00 and gave the stock an “overweight” rating in a research report on Wednesday, May 6th. Two research analysts have rated the stock with a Strong Buy rating, fifteen have given a Buy rating and four have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $420.95.

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.