Eaton Corporation, PLC $ETN Shares Sold by Congress Asset Management Co.

Congress Asset Management Co. trimmed its holdings in shares of Eaton Corporation, PLC (NYSE:ETN) by 4.6% in the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 393,986 shares of the industrial products company’s stock after selling 19,091 shares during the period. Eaton comprises approximately 1.1% of Congress Asset Management Co.’s investment portfolio, making the stock its 17th biggest position. Congress Asset Management Co.’s holdings in Eaton were worth $169,300,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently modified their holdings of the company. Hilton Head Capital Partners LLC purchased a new stake in shares of Eaton in the fourth quarter valued at $26,000. Security National Bank of SO Dak bought a new stake in shares of Eaton in the 2nd quarter valued at approximately $26,000. Manning & Napier Advisors LLC acquired a new position in shares of Eaton during the 2nd quarter worth $27,000. Gunpowder Capital Management LLC dba Oliver Wealth Management bought a new position in Eaton during the fourth quarter valued at about $28,000. Finally, Boreal Capital Management LLC acquired a new stake in Eaton in the 1st quarter worth approximately $33,000. 82.97% of the stock is owned by institutional investors and hedge funds.

Eaton Stock Up 2.9%

Eaton stock traded up $12.43 during midday trading on Tuesday, reaching $445.03. The stock had a trading volume of 1,592,873 shares, compared to its average volume of 2,522,806. 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 Corporation, PLC has a 1-year low of $311.92 and a 1-year high of $478.00. The stock has a market capitalization of $172.85 billion, a P/E ratio of 45.27, a price-to-earnings-growth ratio of 2.65 and a beta of 1.13. The firm’s fifty day simple moving average is $422.90 and its 200-day simple moving average is $406.89.

Eaton (NYSE:ETN) last posted its quarterly earnings results on Friday, July 31st. The industrial products company reported $3.15 earnings per share for the quarter, beating analysts’ consensus estimates of $3.08 by $0.07. Eaton had a return on equity of 24.58% and a net margin of 12.75%.The firm had revenue of $8.53 billion during the quarter, compared to the consensus estimate of $8.16 billion. During the same period last year, the company earned $2.95 earnings per share. The business’s revenue was up 21.4% compared to the same quarter last year. Eaton has set its Q3 2026 guidance at 3.460-3.560 EPS and its FY 2026 guidance at 13.400-13.600 EPS. As a group, analysts expect that Eaton Corporation, PLC will post 13.57 EPS for the current fiscal year.

Eaton Dividend Announcement

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

Insider Transactions at Eaton

In other Eaton news, insider Heath B. Monesmith sold 18,036 shares of the stock in a transaction dated 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 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 can be accessed through this link. Also, Director Gerald Johnson purchased 130 shares of the firm’s stock in a transaction dated Thursday, August 13th. The stock was bought at an average cost of $455.90 per share, with a total value of $59,267.00. Following the purchase, 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. Additional details regarding this purchase are available in the official SEC disclosure. Insiders own 0.10% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on ETN shares. Weiss Ratings raised Eaton from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Friday, August 28th. Wall Street Zen downgraded Eaton from a “buy” rating to a “hold” rating in a research report on Sunday, August 16th. UBS Group raised shares of Eaton from a “neutral” rating to a “buy” rating and raised their price objective for the stock from $450.00 to $515.00 in a report on Monday, September 7th. Citigroup raised their target price on Eaton from $471.00 to $485.00 and gave the company a “buy” rating in a research note on Monday, August 3rd. Finally, 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 research report on Monday, August 3rd. Two research analysts have rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Buy” and a consensus price target of $456.50.

Eaton Company Profile

Eaton Corporation plc (NYSE: ETN) is a global power management company that helps customers manage electrical, hydraulic and mechanical power more safely, efficiently and reliably. Its products and systems serve commercial, industrial, utility, data center, residential, aerospace, vehicle and mobility applications.

The company’s electrical businesses provide circuit protection and control equipment, power distribution systems, connectivity solutions, backup power and other technologies used to support critical infrastructure and improve energy efficiency.