Odyssean LLC Boosts Stock Position in Eaton Corporation, PLC $ETN

Odyssean LLC grew its holdings in shares of Eaton Corporation, PLC (NYSE:ETN) by 164.0% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 3,551 shares of the industrial products company’s stock after purchasing an additional 2,206 shares during the quarter. Odyssean LLC’s holdings in Eaton were worth $1,513,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. Manning & Napier Advisors LLC purchased a new position in Eaton in the second quarter valued at about $27,000. Hilton Head Capital Partners LLC purchased a new stake in shares of Eaton during the 4th quarter worth approximately $26,000. Archer Investment Corp bought a new stake in shares of Eaton in the 2nd quarter worth approximately $35,000. Sfam LLC purchased a new position in Eaton in the fourth quarter valued at approximately $27,000. Finally, Gunpowder Capital Management LLC dba Oliver Wealth Management bought a new position in Eaton during the fourth quarter valued at $28,000. 82.97% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several analysts have issued reports on the company. Citigroup boosted their target price on Eaton from $471.00 to $485.00 and gave the company a “buy” rating in a research note on Monday, August 3rd. BMO Capital Markets lifted their price objective on Eaton from $477.00 to $487.00 and gave the stock an “outperform” rating in a report on Monday, August 3rd. Evercore raised shares of Eaton from an “in-line” rating to an “outperform” rating and set a $502.00 price objective on the stock in a report on Monday, August 3rd. Morgan Stanley reiterated an “overweight” rating and issued a $500.00 target price on shares of Eaton in a research note on Sunday, May 10th. Finally, Robert W. Baird set a $500.00 price target on shares of Eaton and gave the company an “outperform” rating in a research note on Thursday, August 20th. Three equities research analysts have rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and four have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $440.89.

Eaton Stock Up 0.1%

ETN stock opened at $409.12 on Wednesday. The company has a quick ratio of 0.79, a current ratio of 1.24 and a debt-to-equity ratio of 0.91. The firm has a market capitalization of $158.90 billion, a PE ratio of 41.62, a PEG ratio of 2.58 and a beta of 1.18. Eaton Corporation, PLC has a twelve month low of $311.92 and a twelve month high of $478.00. The stock has a 50-day simple moving average of $417.33 and a two-hundred day simple moving average of $396.98.

Eaton (NYSE:ETN) last announced its quarterly earnings results on Friday, July 31st. The industrial products company reported $3.15 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.08 by $0.07. Eaton had a net margin of 12.75% and a return on equity of 24.58%. The firm had revenue of $8.53 billion for the quarter, compared to the consensus estimate of $8.16 billion. During the same period in the prior year, the firm posted $2.95 earnings per share. The company’s revenue for the quarter 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. On average, equities analysts predict that Eaton Corporation, PLC will post 13.55 EPS for the current fiscal year.

Eaton Dividend Announcement

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

Insider Buying and Selling at Eaton

In other news, Director Gerald Johnson purchased 130 shares of Eaton stock in a transaction dated Thursday, August 13th. The stock was purchased at an average cost of $455.90 per share, for a total transaction of $59,267.00. Following the transaction, the director directly owned 1,829 shares of the company’s stock, valued at approximately $833,841.10. This trade represents a 7.65% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Adam A. Wadecki sold 525 shares of the company’s stock in a transaction on Tuesday, August 4th. The stock was sold at an average price of $440.54, for a total transaction of $231,283.50. Following the completion of the transaction, the insider directly owned 1,054 shares in the company, valued at approximately $464,329.16. The trade was a 33.25% decrease in their position. The SEC filing for this sale provides additional information. Insiders own 0.10% of the company’s stock.

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.