Eaton Corporation, PLC $ETN Shares Sold by Jackson Wealth Management LLC

Jackson Wealth Management LLC reduced its stake in Eaton Corporation, PLC (NYSE:ETN) by 92.9% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 1,911 shares of the industrial products company’s stock after selling 25,016 shares during the quarter. Jackson Wealth Management LLC’s holdings in Eaton were worth $814,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of the stock. Clal Insurance Enterprises Holdings Ltd increased its stake in Eaton by 239,384.8% in the 4th quarter. Clal Insurance Enterprises Holdings Ltd now owns 158,060 shares of the industrial products company’s stock valued at $50,344,000 after buying an additional 157,994 shares during the period. Pioneer Trust Bank N A OR lifted its stake in shares of Eaton by 669.1% in the 4th quarter. Pioneer Trust Bank N A OR now owns 6,230 shares of the industrial products company’s stock worth $1,984,000 after acquiring an additional 5,420 shares during the period. Burling Wealth Partners LLC boosted its holdings in shares of Eaton by 63.0% in the fourth 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. Entropy Technologies LP acquired a new position in shares of Eaton during the fourth quarter worth about $14,786,000. Finally, S&CO Inc. purchased a new position in Eaton during the second quarter worth about $3,824,000. Hedge funds and other institutional investors own 82.97% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on the company. Sanford C. Bernstein reaffirmed an “outperform” rating on shares of Eaton in a report on Monday, August 3rd. BMO Capital Markets raised their price target on Eaton from $477.00 to $487.00 and gave the company an “outperform” rating in a report on Monday, August 3rd. JPMorgan Chase & Co. lifted their price target on Eaton from $406.00 to $445.00 and gave the company an “overweight” rating in a research note on Wednesday, May 6th. Royal Bank Of Canada increased their price objective on Eaton from $484.00 to $512.00 and gave the stock an “outperform” rating in a research report on Monday, August 3rd. Finally, Morgan Stanley raised their target price on Eaton from $500.00 to $520.00 and gave the company an “overweight” rating in a report on Friday. Three equities research analysts have rated the stock with a Strong Buy rating, fourteen have given a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Buy” and an average target price of $442.00.

Insider Activity at Eaton

In other Eaton news, Director Gerald Johnson bought 130 shares of the company’s stock in a transaction on Thursday, August 13th. The stock was purchased at an average cost of $455.90 per share, for a total transaction of $59,267.00. Following the acquisition, the director owned 1,829 shares of the company’s stock, valued at $833,841.10. The trade was a 7.65% increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Adam A. Wadecki sold 525 shares of the company’s stock in a transaction dated Tuesday, August 4th. The shares were 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 in the company, valued at $464,329.16. This trade represents a 33.25% decrease in their position. The SEC filing for this sale provides additional information. 0.10% of the stock is owned by corporate insiders.

Eaton Price Performance

Shares of NYSE:ETN opened at $402.69 on Tuesday. The firm has a market capitalization of $156.40 billion, a price-to-earnings ratio of 40.97, a price-to-earnings-growth ratio of 2.54 and a beta of 1.18. The company has a debt-to-equity ratio of 0.91, a current ratio of 1.24 and a quick ratio of 0.79. The business’s 50 day simple moving average is $416.35 and its 200-day simple moving average is $398.10. Eaton Corporation, PLC has a 12 month low of $311.92 and a 12 month 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 firm 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%.Eaton’s quarterly revenue was up 21.4% on a year-over-year basis. During the same period 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. As a group, equities analysts forecast that Eaton Corporation, PLC will post 13.56 earnings per share for the current fiscal 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 $1.10 dividend. The ex-dividend date was Friday, August 7th. This represents a $4.40 annualized dividend and a dividend yield of 1.1%. Eaton’s payout ratio is currently 44.76%.

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.