Trust Co. of Vermont Purchases New Holdings in Eaton Corporation, PLC $ETN

Trust Co. of Vermont acquired a new position in Eaton Corporation, PLC (NYSE:ETN) in the second quarter, according to the company in its most recent filing with the SEC. The firm acquired 54,039 shares of the industrial products company’s stock, valued at approximately $23,027,000.

A number of other institutional investors and hedge funds have also modified their holdings of ETN. North Star Investment Management Corp. lifted its position in Eaton by 0.3% in the first quarter. North Star Investment Management Corp. now owns 8,101 shares of the industrial products company’s stock worth $2,897,000 after purchasing an additional 28 shares during the period. Bogart Wealth LLC increased its holdings in Eaton by 1.3% in the 1st quarter. Bogart Wealth LLC now owns 2,184 shares of the industrial products company’s stock valued at $781,000 after buying an additional 29 shares during the period. Pring Turner Capital Group Inc. increased its holdings in Eaton by 0.3% in the 4th quarter. Pring Turner Capital Group Inc. now owns 10,528 shares of the industrial products company’s stock valued at $3,353,000 after buying an additional 30 shares during the period. Ellevest Inc. lifted its holdings in shares of Eaton by 2.5% during the 4th quarter. Ellevest Inc. now owns 1,281 shares of the industrial products company’s stock worth $408,000 after acquiring an additional 31 shares during the period. Finally, Douglass Winthrop Advisors LLC boosted its position in shares of Eaton by 1.2% during the 4th quarter. Douglass Winthrop Advisors LLC now owns 2,613 shares of the industrial products company’s stock valued at $832,000 after acquiring an additional 31 shares in the last quarter. 82.97% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

ETN has been the subject of several recent research reports. Morgan Stanley reissued an “overweight” rating and issued a $500.00 price target on shares of Eaton in a research report on Sunday, May 10th. Wall Street Zen downgraded Eaton from a “buy” rating to a “hold” rating in a report on Sunday. Royal Bank Of Canada upped their price objective on Eaton from $484.00 to $512.00 and gave the company an “outperform” rating in a research note on Monday, August 3rd. Erste Group Bank began coverage on Eaton in a report on Tuesday, May 5th. They issued a “buy” rating for the company. Finally, BMO Capital Markets raised 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. Two analysts have rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and five have issued a Hold rating to the stock. According to data from MarketBeat, Eaton presently has a consensus rating of “Moderate Buy” and a consensus target price of $431.78.

Eaton Trading Up 1.2%

Shares of Eaton stock opened at $457.04 on Tuesday. Eaton Corporation, PLC has a 12-month low of $311.92 and a 12-month high of $478.00. The stock has a market capitalization of $177.51 billion, a P/E ratio of 46.49, a price-to-earnings-growth ratio of 2.86 and a beta of 1.18. The company has a 50-day simple moving average of $414.72 and a 200 day simple moving average of $394.38. The company has a quick ratio of 0.79, a current ratio of 1.24 and a debt-to-equity ratio of 0.91.

Eaton (NYSE:ETN) last released its quarterly earnings results on Friday, July 31st. The industrial products company reported $3.15 EPS for the quarter, beating analysts’ consensus estimates of $3.08 by $0.07. The firm had revenue of $8.53 billion for the quarter, compared to analyst estimates of $8.16 billion. Eaton had a net margin of 12.75% and a return on equity of 24.58%. The company’s revenue for the quarter was up 21.4% compared to the same quarter last year. During the same period in the previous year, the business earned $2.95 earnings per share. Eaton has set its Q3 2026 guidance at 3.460-3.560 EPS and its FY 2026 guidance at 13.400-13.600 EPS. Research analysts expect that Eaton Corporation, PLC will post 13.54 earnings per share for the current fiscal year.

Eaton Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, August 28th. Investors of record on Friday, August 7th will be given a dividend of $1.10 per share. The ex-dividend date is Friday, August 7th. This represents a $4.40 dividend on an annualized basis and a yield of 1.0%. Eaton’s dividend payout ratio is 44.76%.

Insiders Place Their Bets

In related news, Director Dorothy C. Thompson sold 167 shares of the firm’s stock in a transaction on Friday, May 22nd. The stock was sold at an average price of $385.00, for a total transaction of $64,295.00. Following the completion of the sale, the director directly owned 1,096 shares of the company’s stock, valued at $421,960. This trade represents a 13.22% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Gerald Johnson acquired 130 shares of the business’s stock in a transaction on Thursday, August 13th. The stock was acquired at an average price of $455.90 per share, with a total value of $59,267.00. Following the transaction, the director owned 1,829 shares in the company, valued at approximately $833,841.10. The trade was a 7.65% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Insiders have sold 18,728 shares of company stock valued at $8,556,788 in the last 90 days. Insiders own 0.10% of the company’s stock.

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.