Klingenstein Fields & Co. LP Lowers Position in Eaton Corporation, PLC $ETN

Klingenstein Fields & Co. LP cut its holdings in Eaton Corporation, PLC (NYSE:ETN) by 2.4% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 89,982 shares of the industrial products company’s stock after selling 2,196 shares during the quarter. Klingenstein Fields & Co. LP’s holdings in Eaton were worth $28,660,000 as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. Hilton Head Capital Partners LLC purchased a new stake in Eaton in the fourth quarter worth about $26,000. Sfam LLC purchased a new stake in Eaton in the fourth quarter worth about $27,000. Eagle Bay Advisors LLC purchased a new stake in Eaton in the fourth quarter worth about $29,000. WFA of San Diego LLC purchased a new stake in Eaton in the second quarter worth about $36,000. Finally, Imprint Wealth LLC purchased a new stake in Eaton in the third quarter worth about $39,000. 82.97% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other news, insider Peter Denk sold 2,000 shares of the company’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 in the company, valued at $2,968,209.88. This represents a 21.97% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider Heath B. Monesmith sold 18,367 shares of the company’s stock in a transaction dated Wednesday, May 6th. The shares were sold at an average price of $409.11, for a total transaction of $7,514,123.37. Following the transaction, the insider owned 49,822 shares in the company, valued at approximately $20,382,678.42. This trade represents a 26.94% decrease in their position. The SEC filing for this sale provides additional information. Over the last quarter, insiders have sold 21,028 shares of company stock valued at $8,614,793. 0.10% of the stock is owned by company insiders.

Eaton Stock Performance

ETN stock opened at $391.75 on Friday. The firm has a market cap of $152.11 billion, a price-to-earnings ratio of 38.29, a PEG ratio of 2.53 and a beta of 1.19. The firm has a 50-day simple moving average of $400.01 and a two-hundred day simple moving average of $366.55. Eaton Corporation, PLC has a one year low of $311.92 and a one year high of $435.43. The company has a debt-to-equity ratio of 0.94, a quick ratio of 0.75 and a current ratio of 1.19.

Eaton (NYSE:ETN) last released its quarterly earnings results on Tuesday, May 5th. The industrial products company reported $2.81 EPS for the quarter, beating the consensus estimate 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 during the quarter, compared to analyst estimates of $7.14 billion. During the same period in the prior year, the firm posted $2.72 earnings per share. The company’s quarterly 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, equities analysts forecast that Eaton Corporation, PLC will post 13.32 EPS for the current fiscal year.

Eaton Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, May 29th. Stockholders of record on Friday, May 8th were issued a dividend of $1.10 per share. The ex-dividend date was Friday, May 8th. This represents a $4.40 annualized dividend and a dividend yield of 1.1%. Eaton’s dividend payout ratio is 43.01%.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on the stock. Morgan Stanley reaffirmed an “overweight” rating and issued a $500.00 price objective on shares of Eaton in a research note on Sunday, May 10th. Barclays increased their price target on shares of Eaton from $340.00 to $392.00 and gave the company an “equal weight” rating in a research report on Wednesday, May 6th. Evercore set a $453.00 price target on shares of Eaton in a research report on Monday, May 11th. JPMorgan Chase & Co. increased their price target on shares of Eaton from $406.00 to $445.00 and gave the company an “overweight” rating in a research report on Wednesday, May 6th. Finally, Weiss Ratings lowered shares of Eaton from a “buy (b)” rating to a “buy (b-)” rating in a research report on Monday, May 18th. Two investment analysts have rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating and four have assigned a Hold rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $420.95.

Eaton News Roundup

Here are the key news stories impacting Eaton this week:

• Positive Sentiment: Analysts and market commentary called the deal “transformative” for Dana and potentially value-enhancing for Eaton, with the combined business expected to generate about $250 million in run-rate synergies within 24 months. Dana’s Merger With Eaton Mobility Unit ‘Transformative,’ RBC Says
• Positive Sentiment: The transaction supports Eaton’s 2030 growth strategy by sharpening the company’s focus on electrical infrastructure and aerospace, two areas investors see as better positioned to benefit from data center and electrification demand. Eaton Advances 2030 Growth Strategy with Announcement to Combine Mobility Group with Dana Incorporated
• Positive Sentiment: Recent analyst updates remained constructive, with Erste Group Bank nudging up earnings estimates and keeping a Buy rating, reinforcing the view that Eaton’s core businesses still have solid earnings momentum. MarketBeat ETN coverage
• Neutral Sentiment: Some coverage focused on the stock’s recent volatility, noting ETN had fallen sharply over two days before the deal news drew fresh investor interest. Dana to combine with Eaton mobility unit in $5.1 billion deal

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.