Eaton Corporation, PLC $ETN Shares Sold by J. L. Bainbridge & Co. Inc.

J. L. Bainbridge & Co. Inc. trimmed its position in Eaton Corporation, PLC (NYSE:ETN) by 1.0% in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 158,416 shares of the industrial products company’s stock after selling 1,555 shares during the period. Eaton makes up approximately 5.0% of J. L. Bainbridge & Co. Inc.’s portfolio, making the stock its 6th biggest position. J. L. Bainbridge & Co. Inc.’s holdings in Eaton were worth $56,660,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in the company. Hilton Head Capital Partners LLC bought a new position in Eaton in the fourth quarter worth approximately $26,000. Sfam LLC bought a new stake in shares of Eaton during the fourth quarter valued at approximately $27,000. Gunpowder Capital Management LLC dba Oliver Wealth Management bought a new stake in shares of Eaton during the fourth quarter valued at approximately $28,000. Eagle Bay Advisors LLC acquired a new position in shares of Eaton during the fourth quarter worth approximately $29,000. Finally, WFA of San Diego LLC bought a new position in shares of Eaton in the 2nd quarter worth $36,000. 82.97% of the stock is owned by institutional investors and hedge funds.

Key Eaton News

Here are the key news stories impacting Eaton this week:

• Positive Sentiment: Recent commentary highlighted Eaton’s position as a beneficiary of the AI/data-center buildout, with the company seen as well placed to profit from electrification demand and delayed data-center projects that still need power-management and cooling infrastructure. Data Center Delays Create Opportunity in These 3 Stocks
• Positive Sentiment: Analysts have been nudging earnings estimates higher, including multiple Zacks Research revisions for 2026–2028 EPS, which suggests continued confidence in Eaton’s profit growth trajectory. MarketBeat ETN page
• Positive Sentiment: Investor sentiment has also been supported by Eaton’s strong first-quarter results, raised full-year organic growth guidance, and portfolio reshaping efforts that concentrate the company more heavily in higher-growth Electrical and Aerospace businesses. Eaton Rises as Investors Focus on Strong Outlook and Portfolio Reshaping

Insider Activity at Eaton

In related news, Director Gerald Johnson acquired 746 shares of the firm’s stock in a transaction that occurred on Friday, May 8th. The stock was acquired at an average price of $402.29 per share, for a total transaction of $300,108.34. Following the completion of the acquisition, the director owned 1,414 shares of the company’s stock, valued at approximately $568,838.06. This represents a 111.68% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Antonio Galvao sold 494 shares of Eaton stock in a transaction dated Wednesday, May 13th. The stock was sold at an average price of $405.86, for a total transaction of $200,494.84. Following the completion of the sale, the insider directly owned 9,175 shares in the company, valued at approximately $3,723,765.50. This represents a 5.11% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 21,028 shares of company stock valued at $8,614,793 in the last 90 days. 0.10% of the stock is currently owned by company insiders.

Analyst Ratings Changes

Several research firms recently issued reports on ETN. Barclays lifted 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. 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. Citigroup lifted their price objective on shares of Eaton from $464.00 to $471.00 and gave the company a “buy” rating in a report on Wednesday, May 6th. BMO Capital Markets initiated coverage on shares of Eaton in a research report on Friday, March 27th. They set an “outperform” rating and a $428.00 target price for the company. Finally, Wells Fargo & Company upped their target price on shares of Eaton from $350.00 to $425.00 and gave the stock an “equal weight” rating in a report on Wednesday, May 6th. Two equities research analysts have rated the stock with a Strong Buy rating, fifteen have issued a Buy rating and four have given a Hold rating to the stock. According to MarketBeat, Eaton has an average rating of “Moderate Buy” and a consensus target price of $420.95.

Eaton Stock Performance

Shares of ETN opened at $403.27 on Friday. The stock has a 50 day moving average of $405.93 and a 200 day moving average of $371.84. The company has a market capitalization of $156.59 billion, a price-to-earnings ratio of 39.42, a PEG ratio of 2.59 and a beta of 1.19. Eaton Corporation, PLC has a 12 month low of $311.92 and a 12 month high of $436.74. The company has a current ratio of 1.19, a quick ratio of 0.75 and a debt-to-equity ratio of 0.94.

Eaton (NYSE:ETN) last posted its quarterly earnings data on Tuesday, May 5th. The industrial products company reported $2.81 earnings per share for the quarter, topping the consensus estimate of $2.73 by $0.08. Eaton had a return on equity of 24.72% and a net margin of 13.99%.The business had revenue of $7.45 billion for the quarter, compared to analysts’ expectations of $7.14 billion. During the same quarter in the previous year, the firm earned $2.72 earnings per share. The business’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. As a group, sell-side analysts forecast that Eaton Corporation, PLC will post 13.33 earnings per share 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 given a dividend of $1.10 per share. The ex-dividend date was Friday, May 8th. This represents a $4.40 annualized dividend and a yield of 1.1%. 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.