Evansbrook LLC Takes Position in Eaton Corporation, PLC $ETN

Evansbrook LLC purchased a new position in Eaton Corporation, PLC (NYSE:ETN) during the 1st quarter, HoldingsChannel reports. The firm purchased 2,174 shares of the industrial products company’s stock, valued at approximately $778,000.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in ETN. Bartlett & CO. Wealth Management LLC increased its position in Eaton by 9.2% in the fourth 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 period. Burling Wealth Partners LLC boosted its holdings in shares of Eaton by 63.0% during 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 during the period. Clal Insurance Enterprises Holdings Ltd grew its position in shares of Eaton by 239,384.8% during the fourth quarter. Clal Insurance Enterprises Holdings Ltd now owns 158,060 shares of the industrial products company’s stock worth $50,344,000 after acquiring an additional 157,994 shares during the last quarter. Pioneer Trust Bank N A OR grew its position in shares of Eaton by 669.1% during the fourth 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 last quarter. Finally, Entropy Technologies LP acquired a new stake in shares of Eaton in the 4th quarter worth about $14,786,000. Institutional investors and hedge funds own 82.97% of the company’s stock.

Eaton News Roundup

Here are the key news stories impacting Eaton this week:

• Positive Sentiment: Quarterly results exceeded expectations. Eaton reported adjusted EPS of $3.15, up from $2.95 a year earlier and above the $3.08 consensus. Sales rose 21.4% year over year to approximately $8.5 billion, exceeding estimates near $8.16 billion. GAAP EPS was $2.11 after amortization, acquisition-related and restructuring charges. Eaton Q2 Earnings and Revenues Top Estimates
• Positive Sentiment: Electrical demand and data-center growth remain powerful catalysts. Management cited strong Electrical Americas performance, accelerating orders and backlog, data-center demand, acquisitions and solid Aerospace results. The company also raised its organic-growth outlook, signaling continued momentum in its core businesses. Eaton’s Q2 Earnings Beat on Strong Electrical Sales, Outlook Raised
• Positive Sentiment: Full-year guidance was raised above consensus. Eaton forecast FY 2026 adjusted EPS of $13.40-$13.60, compared with consensus of $13.34. Analysts at Zacks Research subsequently increased several 2027 and 2028 EPS estimates, reflecting confidence in longer-term earnings growth. Eaton Reports Record Second Quarter 2026 Results
• Neutral Sentiment: Near-term expectations are largely priced in. Third-quarter EPS guidance of $3.46-$3.56 centers on $3.51, approximately in line with consensus. Eaton’s valuation is also elevated, with a reported price-to-earnings ratio above 40, while unusually high put-option activity highlights some investor caution. Eaton Q2 2026 Earnings Call Transcript

Wall Street Analyst Weigh In

Several analysts recently weighed in on ETN shares. Morgan Stanley reiterated an “overweight” rating and issued a $500.00 price objective on shares of Eaton in a research report on Sunday, May 10th. Barclays raised their price target on shares of Eaton from $340.00 to $392.00 and gave the company an “equal weight” rating in a research note on Wednesday, May 6th. Erste Group Bank assumed coverage on Eaton in a report on Tuesday, May 5th. They set a “buy” rating on the stock. Citigroup boosted their price objective on Eaton from $464.00 to $471.00 and gave the stock a “buy” rating in a research report on Wednesday, May 6th. Finally, JPMorgan Chase & Co. increased their price objective on Eaton from $406.00 to $445.00 and gave the stock an “overweight” rating in a report on Wednesday, May 6th. Two analysts have rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and four have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $423.00.

Insider Activity

In other Eaton news, insider Peter Denk sold 2,000 shares of the stock in a transaction on Wednesday, May 6th. The stock was sold at an average price of $417.94, for a total transaction of $835,880.00. Following the completion of 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 can be accessed through this hyperlink. Also, Director Dorothy C. Thompson sold 167 shares of Eaton stock in a transaction on Friday, May 22nd. The shares were sold at an average price of $385.00, for a total value of $64,295.00. Following the transaction, the director owned 1,096 shares in the company, valued at approximately $421,960. This trade represents a 13.22% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 21,028 shares of company stock valued at $8,614,793 over the last 90 days. Corporate insiders own 0.10% of the company’s stock.

Eaton Stock Performance

ETN stock opened at $415.24 on Friday. The company has a 50-day simple moving average of $404.88 and a 200 day simple moving average of $385.14. The company has a market capitalization of $161.24 billion, a P/E ratio of 42.24, a PEG ratio of 2.66 and a beta of 1.18. 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 $311.92 and a fifty-two week high of $436.74.

Eaton (NYSE:ETN) last released its earnings results on Friday, July 31st. The industrial products company reported $3.15 EPS for the quarter, beating the consensus estimate of $3.08 by $0.07. Eaton had a net margin of 13.99% and a return on equity of 24.72%. The firm had revenue of $8.53 billion for the quarter, compared to analysts’ expectations of $8.16 billion. During the same quarter last year, the company earned $2.95 EPS. Eaton’s quarterly revenue was up 21.4% on a year-over-year basis. Eaton has set its Q3 2026 guidance at 3.460-3.560 EPS and its FY 2026 guidance at 13.400-13.600 EPS. Sell-side analysts predict that Eaton Corporation, PLC will post 13.44 earnings per share for the current fiscal year.

Eaton Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, August 28th. Investors of record on Friday, August 7th will be paid a dividend of $1.10 per share. This represents a $4.40 dividend on an annualized basis and a dividend yield of 1.1%. The ex-dividend date is Friday, August 7th. Eaton’s dividend payout ratio (DPR) is currently 43.01%.

Eaton 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.