Eaton Corporation, PLC $ETN Stock Holdings Lifted by Cary Street Partners Financial LLC

Cary Street Partners Financial LLC lifted its holdings in Eaton Corporation, PLC (NYSE:ETN) by 199.0% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 29,797 shares of the industrial products company’s stock after buying an additional 19,832 shares during the quarter. Cary Street Partners Financial LLC’s holdings in Eaton were worth $9,491,000 as of its most recent filing with the SEC.

A number of other large investors also recently modified their holdings of the business. Fayez Sarofim & Co lifted its position in shares of Eaton by 3.4% in the 3rd quarter. Fayez Sarofim & Co now owns 1,256,177 shares of the industrial products company’s stock worth $474,444,000 after buying an additional 40,792 shares during the last quarter. Williams Jones Wealth Management LLC. lifted its position in shares of Eaton by 3.3% in the 3rd quarter. Williams Jones Wealth Management LLC. now owns 515,587 shares of the industrial products company’s stock worth $192,958,000 after buying an additional 16,422 shares during the last quarter. SG Americas Securities LLC lifted its position in shares of Eaton by 438.9% in the 4th quarter. SG Americas Securities LLC now owns 364,877 shares of the industrial products company’s stock worth $116,217,000 after buying an additional 297,166 shares during the last quarter. PFA Pension Forsikringsaktieselskab bought a new position in shares of Eaton in the 4th quarter worth about $97,989,000. Finally, Bartlett & CO. Wealth Management LLC lifted its position in shares of Eaton by 9.2% in the 4th quarter. Bartlett & CO. Wealth Management LLC now owns 238,030 shares of the industrial products company’s stock worth $75,815,000 after buying an additional 19,958 shares during the last quarter. 82.97% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on the stock. Erste Group Bank assumed coverage on shares of Eaton in a research report on Tuesday, May 5th. They issued a “buy” rating on the stock. Sanford C. Bernstein restated an “outperform” rating on shares of Eaton in a research report on Tuesday, January 27th. 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 report on Wednesday, May 6th. Citigroup increased their price objective on shares of Eaton from $464.00 to $471.00 and gave the stock a “buy” rating in a report on Wednesday, May 6th. Finally, Wells Fargo & Company increased their price objective on shares of Eaton from $350.00 to $425.00 and gave the stock an “equal weight” rating in a report on Wednesday, May 6th. Two investment 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. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $420.95.

Eaton Stock Up 0.1%

ETN stock opened at $391.73 on Tuesday. The company has a quick ratio of 0.75, a current ratio of 1.19 and a debt-to-equity ratio of 0.94. Eaton Corporation, PLC has a fifty-two week low of $311.90 and a fifty-two week high of $435.43. The firm’s 50-day simple moving average is $388.28 and its 200 day simple moving average is $362.17. The stock has a market cap of $152.11 billion, a PE ratio of 38.29, a price-to-earnings-growth ratio of 2.51 and a beta of 1.24.

Eaton (NYSE:ETN) last released its quarterly earnings data on Tuesday, May 5th. The industrial products company reported $2.81 earnings per share for the quarter, topping 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 analysts’ expectations of $7.14 billion. During the same quarter last year, the company earned $2.72 EPS. The company’s revenue for the quarter was up 16.8% compared to the same quarter last year. Eaton has set its Q2 2026 guidance at 3.000-3.100 EPS and its FY 2026 guidance at 13.050-13.500 EPS. As a group, sell-side analysts predict that Eaton Corporation, PLC will post 13.33 EPS for the current year.

Eaton Dividend Announcement

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

Insider Activity

In other Eaton news, insider Peter Denk sold 2,000 shares of the firm’s stock in a transaction dated 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 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Antonio Galvao sold 494 shares of the firm’s stock in a transaction dated Wednesday, May 13th. The shares were sold at an average price of $405.86, for a total transaction of $200,494.84. Following the transaction, the insider directly owned 9,175 shares in the company, valued at approximately $3,723,765.50. The trade was a 5.11% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 21,028 shares of company stock worth $8,614,793 in the last 90 days. 0.10% of the stock is currently owned by corporate insiders.

Eaton Company Profile

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.