Public Employees Retirement System of Ohio Takes Position in Eaton Corporation, PLC $ETN

Public Employees Retirement System of Ohio purchased a new position in Eaton Corporation, PLC (NYSE:ETN) in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 152,206 shares of the industrial products company’s stock, valued at approximately $64,858,000.

A number of other institutional investors also recently modified their holdings of ETN. PFA Pension Forsikringsaktieselskab acquired a new position in Eaton during the fourth quarter worth $97,989,000. Clal Insurance Enterprises Holdings Ltd increased its position in shares of Eaton by 112.6% during the first quarter. Clal Insurance Enterprises Holdings Ltd now owns 336,060 shares of the industrial products company’s stock valued at $120,199,000 after acquiring an additional 178,000 shares during the last quarter. Munich Reinsurance Co Stock Corp in Munich boosted its holdings in shares of Eaton by 24,986.3% in the 1st quarter. Munich Reinsurance Co Stock Corp in Munich now owns 154,281 shares of the industrial products company’s stock worth $55,182,000 after buying an additional 153,666 shares during the last quarter. Silvercrest Asset Management Group LLC grew its position in shares of Eaton by 23.1% during the 4th quarter. Silvercrest Asset Management Group LLC now owns 310,859 shares of the industrial products company’s stock valued at $99,012,000 after acquiring an additional 58,281 shares during the period. Finally, Boston Trust Walden Corp raised its stake in Eaton by 1,560.4% in the 1st quarter. Boston Trust Walden Corp now owns 58,793 shares of the industrial products company’s stock valued at $21,028,000 after acquiring an additional 55,252 shares during the period. 82.97% of the stock is owned by institutional investors and hedge funds.

Eaton Trading Down 0.8%

Shares of ETN stock opened at $416.07 on Friday. The company has a market capitalization of $161.60 billion, a PE ratio of 42.33, a price-to-earnings-growth ratio of 2.65 and a beta of 1.18. Eaton Corporation, PLC has a 52-week low of $311.92 and a 52-week high of $478.00. The business’s fifty day moving average is $417.41 and its 200 day moving average is $397.74. 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 (NYSE:ETN) last announced its earnings results on Friday, July 31st. The industrial products company reported $3.15 earnings per share for the quarter, topping 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 business had revenue of $8.53 billion for the quarter, compared to analyst estimates of $8.16 billion. During the same period in the prior year, the company earned $2.95 EPS. The company’s quarterly 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. On average, equities research analysts anticipate that Eaton Corporation, PLC will post 13.55 EPS for the current fiscal year.

Eaton Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, August 28th. Shareholders of record on Friday, August 7th will be paid a dividend of $1.10 per share. The ex-dividend date of this dividend is Friday, August 7th. This represents a $4.40 annualized dividend and a yield of 1.1%. Eaton’s payout ratio is 44.76%.

Insider Buying and Selling

In other Eaton news, insider Adam A. Wadecki sold 525 shares of the stock in a transaction that occurred on Tuesday, August 4th. The shares were sold at an average price of $440.54, for a total transaction of $231,283.50. Following the transaction, the insider directly owned 1,054 shares in the company, valued at $464,329.16. This trade represents a 33.25% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Gerald Johnson purchased 130 shares of the firm’s stock in a transaction on Thursday, August 13th. The shares were acquired at an average cost of $455.90 per share, for a total transaction of $59,267.00. Following the completion of the purchase, the director directly owned 1,829 shares of the company’s stock, valued at approximately $833,841.10. This represents a 7.65% increase in their position. The disclosure for this purchase is available in the SEC filing. 0.10% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on ETN shares. BMO Capital Markets increased their target price on Eaton from $477.00 to $487.00 and gave the stock an “outperform” rating in a research report on Monday, August 3rd. Wall Street Zen cut Eaton from a “buy” rating to a “hold” rating in a research report on Sunday, August 16th. Robert W. Baird set a $500.00 price objective on Eaton and gave the company an “outperform” rating in a research note on Thursday, August 20th. Wells Fargo & Company increased their price objective on Eaton from $350.00 to $425.00 and gave the stock an “equal weight” rating in a report on Wednesday, May 6th. Finally, Evercore raised Eaton from an “in-line” rating to an “outperform” rating and set a $502.00 target price for the company in a report on Monday, August 3rd. Three research analysts have rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and four have given a Hold rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $440.89.

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.