Neville Rodie & Shaw Inc. Lowers Stock Holdings in Eaton Corporation, PLC $ETN

Neville Rodie & Shaw Inc. reduced its stake in Eaton Corporation, PLC (NYSE:ETN) by 7.0% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 20,525 shares of the industrial products company’s stock after selling 1,553 shares during the quarter. Neville Rodie & Shaw Inc.’s holdings in Eaton were worth $8,746,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Bartlett & CO. Wealth Management LLC boosted its holdings in shares of Eaton by 9.2% in the fourth quarter. Bartlett & CO. Wealth Management LLC now owns 238,030 shares of the industrial products company’s stock valued at $75,815,000 after acquiring an additional 19,958 shares in the last quarter. Clal Insurance Enterprises Holdings Ltd boosted its holdings in Eaton by 239,384.8% in the 4th quarter. Clal Insurance Enterprises Holdings Ltd now owns 158,060 shares of the industrial products company’s stock valued at $50,344,000 after purchasing an additional 157,994 shares in the last quarter. Burling Wealth Partners LLC increased its position in Eaton by 63.0% during the 4th quarter. Burling Wealth Partners LLC now owns 11,296 shares of the industrial products company’s stock worth $3,598,000 after purchasing an additional 4,366 shares during the period. Pioneer Trust Bank N A OR raised its stake in shares of Eaton by 669.1% during the 4th quarter. Pioneer Trust Bank N A OR now owns 6,230 shares of the industrial products company’s stock worth $1,984,000 after buying an additional 5,420 shares in the last quarter. Finally, Entropy Technologies LP acquired a new stake in shares of Eaton in the 4th quarter valued at approximately $14,786,000. 82.97% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on ETN shares. Wells Fargo & Company upped 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. Sanford C. Bernstein restated an “outperform” rating on shares of Eaton in a research report on Monday. Erste Group Bank started coverage on Eaton in a research note on Tuesday, May 5th. They set a “buy” rating on the stock. BMO Capital Markets raised their price objective on Eaton from $477.00 to $487.00 and gave the company an “outperform” rating in a research note on Monday. Finally, Barclays lifted their price objective on Eaton from $340.00 to $392.00 and gave the stock an “equal weight” rating in a report on Wednesday, May 6th. Two investment analysts have rated the stock with a Strong Buy rating, fifteen have given a Buy rating and four have assigned a Hold rating to the company’s stock. According to MarketBeat, Eaton currently has an average rating of “Moderate Buy” and an average price target of $430.89.

Insiders Place Their Bets

In related news, Director Dorothy C. Thompson sold 167 shares of the 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 sale, the director owned 1,096 shares of the company’s stock, valued at $421,960. This trade represents a 13.22% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 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 value of $200,494.84. Following the sale, the insider owned 9,175 shares of the company’s stock, valued at approximately $3,723,765.50. This represents a 5.11% decrease in their position. The SEC filing for this sale provides additional information. 0.10% of the stock is currently owned by company insiders.

Eaton Stock Performance

Shares of ETN opened at $444.36 on Wednesday. The company has a current ratio of 1.24, a quick ratio of 0.79 and a debt-to-equity ratio of 0.91. The stock has a market cap of $172.59 billion, a P/E ratio of 45.20, a PEG ratio of 2.78 and a beta of 1.18. The company has a 50-day moving average of $406.63 and a two-hundred day moving average of $387.08. Eaton Corporation, PLC has a 12-month low of $311.92 and a 12-month high of $451.96.

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 the consensus estimate of $3.08 by $0.07. Eaton had a net margin of 12.75% and a return on equity of 24.58%. 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 business earned $2.95 earnings per share. The company’s quarterly revenue was up 21.4% on a year-over-year basis. Eaton has set its Q3 2026 guidance at 3.460-3.560 EPS and its FY 2026 guidance at 13.400-13.600 EPS. As a group, research analysts predict that Eaton Corporation, PLC will post 13.52 EPS for the current fiscal year.

Eaton Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, August 28th. Shareholders of record on Friday, August 7th will be given 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 1.0%. Eaton’s dividend payout ratio (DPR) is presently 44.76%.

Key Stories Impacting Eaton

Here are the key news stories impacting Eaton this week:

• Positive Sentiment: Strong Q2 performance: Eaton reported record sales of approximately $8.5 billion, up 21% year over year, while adjusted earnings per share of $3.15 exceeded the $3.08 consensus estimate. Segment margins reached 23.1%, above the high end of management’s guidance. Eaton rises after record Q2 results and higher full-year outlook
• Positive Sentiment: Raised guidance: Eaton increased its full-year 2026 adjusted EPS outlook to $13.40–$13.60 and lifted organic-growth guidance to 11%–13%. Third-quarter EPS guidance was set at $3.46–$3.56, signaling confidence in continued execution. Eaton Analysts Boost Their Forecasts After Strong Q2 Earnings
• Positive Sentiment: Data-center demand remains a major catalyst: Electrical Americas orders rose 41%, Electrical Global orders increased 33%, and electrical-sector data-center orders surged about 85% from the prior-year quarter. RBC said Eaton’s construction backlog positions it well for an expected data-center growth cycle. Eaton Well-Positioned for Growth Surge Based on Data Center Construction Backlog
• Positive Sentiment: Analyst support improved: BMO Capital Markets raised its price target to $487 from $477 and maintained an Outperform rating. Other analysts also boosted forecasts after the earnings report, reflecting stronger expectations for Eaton’s growth and profitability. Eaton Analysts Boost Their Forecasts After Strong Q2 Earnings
• Neutral Sentiment: Long-term performance and valuation: Coverage highlighted Eaton’s strong decade-long investment performance, but the stock trades at a relatively high valuation, with a price-to-earnings ratio above 45. Its median analyst price target of $430 is below the cited trading level, although several targets are higher.
• Negative Sentiment: Insider selling: Insiders reported several open-market sales during the past six months and no purchases. The transactions may raise a modest sentiment concern, although they do not directly challenge Eaton’s improved operating outlook.

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.