North Star Asset Management Inc. Acquires New Position in Eaton Corporation, PLC $ETN

North Star Asset Management Inc. bought a new position in shares of Eaton Corporation, PLC (NYSE:ETN) during the second quarter, HoldingsChannel.com reports. The firm bought 1,726 shares of the industrial products company’s stock, valued at approximately $735,000.

Several other institutional investors have also modified their holdings of the business. Brighton Jones LLC increased its holdings in Eaton by 1.4% during the 4th quarter. Brighton Jones LLC now owns 3,341 shares of the industrial products company’s stock worth $1,109,000 after purchasing an additional 45 shares during the period. Revolve Wealth Partners LLC boosted its stake in shares of Eaton by 17.5% in the 4th quarter. Revolve Wealth Partners LLC now owns 913 shares of the industrial products company’s stock valued at $303,000 after buying an additional 136 shares during the period. Empowered Funds LLC grew its position in shares of Eaton by 5.6% during the first quarter. Empowered Funds LLC now owns 9,402 shares of the industrial products company’s stock worth $2,556,000 after buying an additional 496 shares in the last quarter. Vista Capital Partners Inc. acquired a new position in shares of Eaton during the second quarter worth about $259,000. Finally, Tandem Wealth Advisors LLC increased its stake in shares of Eaton by 70.1% during the second quarter. Tandem Wealth Advisors LLC now owns 2,216 shares of the industrial products company’s stock worth $791,000 after buying an additional 913 shares during the period. Institutional investors and hedge funds own 82.97% of the company’s stock.

Wall Street Analyst Weigh In

ETN has been the subject of a number of recent research reports. Royal Bank Of Canada lifted their price target on shares of Eaton from $484.00 to $512.00 and gave the stock an “outperform” rating in a research note on Monday, August 3rd. Robert W. Baird set a $500.00 price objective on shares of Eaton and gave the company an “outperform” rating in a research report on Thursday, August 20th. KeyCorp raised their price objective on shares of Eaton from $420.00 to $480.00 and gave the company an “overweight” rating in a report on Wednesday, May 6th. Barclays lifted their price objective 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. Finally, Citigroup increased their target price on Eaton from $471.00 to $485.00 and gave the company a “buy” rating in a report on Monday, August 3rd. Three equities research analysts have rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and four have issued a Hold rating to the company’s stock. According to MarketBeat.com, Eaton has an average rating of “Moderate Buy” and an average target price of $442.00.

Eaton Stock Performance

Shares of Eaton stock opened at $402.56 on Friday. 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. The firm’s 50 day moving average is $417.02 and its two-hundred day moving average is $397.78. The firm has a market capitalization of $156.35 billion, a P/E ratio of 40.95, a P/E/G ratio of 2.63 and a beta of 1.18.

Eaton (NYSE:ETN) last issued its quarterly earnings data on Friday, July 31st. The industrial products company reported $3.15 earnings per share for the quarter, topping 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 during the quarter, compared to the consensus estimate of $8.16 billion. During the same quarter in the previous year, the firm earned $2.95 EPS. The company’s revenue was up 21.4% compared to the same quarter last year. Eaton has set its Q3 2026 guidance at 3.460-3.560 EPS and its FY 2026 guidance at 13.400-13.600 EPS. Research analysts forecast that Eaton Corporation, PLC will post 13.55 EPS for the current fiscal year.

Eaton Dividend Announcement

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

Insider Transactions at Eaton

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