Knights of Columbus Asset Advisors LLC Boosts Stock Holdings in Eaton Corporation, PLC $ETN

Knights of Columbus Asset Advisors LLC raised its holdings in shares of Eaton Corporation, PLC (NYSE:ETN) by 1,553.2% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,802 shares of the industrial products company’s stock after buying an additional 1,693 shares during the period. Knights of Columbus Asset Advisors LLC’s holdings in Eaton were worth $574,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in ETN. Eagle Bay Advisors LLC purchased a new stake in Eaton during the fourth quarter valued at about $29,000. WFA of San Diego LLC purchased a new stake in Eaton during the second quarter valued at about $36,000. Imprint Wealth LLC bought a new position in shares of Eaton during the third quarter valued at about $39,000. Redmont Wealth Advisors LLC bought a new position in shares of Eaton during the third quarter valued at about $40,000. Finally, Ares Financial Consulting LLC bought a new position in shares of Eaton during the fourth quarter valued at about $42,000. 82.97% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, Director Dorothy C. Thompson sold 167 shares of the stock in a transaction dated Friday, May 22nd. The shares were sold at an average price of $385.00, for a total value of $64,295.00. Following the completion of the transaction, the director directly owned 1,096 shares of the company’s stock, valued at $421,960. This represents a 13.22% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, insider Heath B. Monesmith sold 18,367 shares of the stock in a transaction dated Wednesday, May 6th. The stock was sold at an average price of $409.11, for a total transaction of $7,514,123.37. Following the completion of the transaction, the insider directly owned 49,822 shares of the company’s stock, valued at approximately $20,382,678.42. The trade was a 26.94% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 21,028 shares of company stock valued at $8,614,793 over the last quarter. 0.10% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on the stock. Royal Bank Of Canada upped their price objective on shares of Eaton from $457.00 to $484.00 and gave the company an “outperform” rating in a research note on Wednesday, May 6th. Weiss Ratings downgraded shares of Eaton from a “buy (b)” rating to a “buy (b-)” rating in a research note on Monday, May 18th. KeyCorp upped their price objective 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. Barclays upped their price objective 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. Finally, Jefferies Financial Group assumed coverage on shares of Eaton in a research note on Monday, March 16th. They set a “buy” rating and a $430.00 price objective for the company. Two investment analysts have rated the stock with a Strong Buy rating, fifteen have given a Buy rating and four have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $420.95.

Eaton Price Performance

ETN stock opened at $400.87 on Friday. Eaton Corporation, PLC has a 1 year low of $311.90 and a 1 year high of $435.43. The company has a market cap of $155.66 billion, a P/E ratio of 39.19, a PEG ratio of 2.58 and a beta of 1.24. The firm has a 50-day moving average of $391.70 and a 200 day moving average of $362.96. The company has a debt-to-equity ratio of 0.94, a current ratio of 1.19 and a quick ratio of 0.75.

Eaton (NYSE:ETN) last released its quarterly earnings results on Tuesday, May 5th. The industrial products company reported $2.81 earnings per share (EPS) 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 company had revenue of $7.45 billion during the quarter, compared to the consensus estimate of $7.14 billion. During the same period in the prior year, the firm earned $2.72 earnings per share. Eaton’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. On average, sell-side analysts forecast that Eaton Corporation, PLC will post 13.32 EPS for the current 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 $1.10 dividend. This represents a $4.40 dividend on an annualized basis and a yield of 1.1%. The ex-dividend date of this dividend was Friday, May 8th. Eaton’s dividend payout ratio is presently 43.01%.

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.