Field & Main Bank Invests $3.62 Million in Eaton Corporation, PLC $ETN

Field & Main Bank acquired a new stake in Eaton Corporation, PLC (NYSE:ETN) in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 8,505 shares of the industrial products company’s stock, valued at approximately $3,624,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Wellington Management Group LLP lifted its holdings in Eaton by 19.6% during the 2nd quarter. Wellington Management Group LLP now owns 6,827,266 shares of the industrial products company’s stock worth $2,909,235,000 after buying an additional 1,120,567 shares during the period. Williams Jones Wealth Management LLC. lifted its stake in shares of Eaton by 3.3% in the third quarter. Williams Jones Wealth Management LLC. now owns 515,587 shares of the industrial products company’s stock worth $192,958,000 after acquiring an additional 16,422 shares during the period. Clal Insurance Enterprises Holdings Ltd boosted its holdings in Eaton by 112.6% in the first quarter. Clal Insurance Enterprises Holdings Ltd now owns 336,060 shares of the industrial products company’s stock valued at $120,199,000 after acquiring an additional 178,000 shares during the last quarter. Silvercrest Asset Management Group LLC boosted its holdings in Eaton by 23.1% in the fourth quarter. Silvercrest Asset Management Group LLC now owns 310,859 shares of the industrial products company’s stock valued at $99,012,000 after acquiring an additional 58,281 shares during the last quarter. Finally, PFA Pension Forsikringsaktieselskab acquired a new stake in Eaton during the 4th quarter valued at approximately $97,989,000. 82.97% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other Eaton news, insider Adam A. Wadecki sold 525 shares of the stock in a transaction that occurred on Tuesday, August 4th. The stock was sold at an average price of $440.54, for a total value of $231,283.50. Following the transaction, the insider owned 1,054 shares in the company, valued at approximately $464,329.16. This represents a 33.25% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Heath B. Monesmith sold 18,036 shares of the firm’s stock in a transaction that occurred on Tuesday, August 11th. The shares were sold at an average price of $458.04, for a total value of $8,261,209.44. Following the completion of the sale, the insider directly owned 50,368 shares of the company’s stock, valued at $23,070,558.72. This trade represents a 26.37% decrease in their position. The disclosure for this sale is available in the SEC filing. 0.10% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on ETN. Barclays boosted their price target on shares of Eaton from $340.00 to $392.00 and gave the stock an “equal weight” rating in a research report on Wednesday, May 6th. KeyCorp lifted their target price on shares of Eaton from $420.00 to $480.00 and gave the stock an “overweight” rating in a research note on Wednesday, May 6th. Weiss Ratings lowered shares of Eaton from a “buy (b-)” rating to a “hold (c+)” rating in a report on Thursday, August 13th. Wells Fargo & Company upped their price target on shares of Eaton from $350.00 to $425.00 and gave the company an “equal weight” rating in a research report on Wednesday, May 6th. Finally, JPMorgan Chase & Co. increased their price target on Eaton from $406.00 to $445.00 and gave the stock an “overweight” rating in a report on Wednesday, May 6th. Three analysts have rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and four have given a Hold rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $442.00.

Eaton Stock Performance

Shares of ETN stock opened at $402.56 on Friday. The firm has a 50 day moving average of $417.02 and a 200-day moving average of $397.78. The company has a market cap of $156.35 billion, a price-to-earnings ratio of 40.95, a price-to-earnings-growth ratio of 2.63 and a beta of 1.18. 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 Corporation, PLC has a 52 week low of $311.92 and a 52 week high of $478.00.

Eaton (NYSE:ETN) last released its earnings results on Friday, July 31st. The industrial products company reported $3.15 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.08 by $0.07. The company had revenue of $8.53 billion for the quarter, compared to the consensus estimate of $8.16 billion. Eaton had a net margin of 12.75% and a return on equity of 24.58%. Eaton’s quarterly revenue was up 21.4% compared to the same quarter last year. During the same quarter in the previous year, the company earned $2.95 EPS. 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 forecast that Eaton Corporation, PLC will post 13.55 earnings per share for the current year.

Eaton Dividend Announcement

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

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.