Beacon Investment Advisory Services Inc. Sells 1,831 Shares of Eaton Corporation, PLC $ETN

Beacon Investment Advisory Services Inc. trimmed its holdings in Eaton Corporation, PLC (NYSE:ETN) by 3.2% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 55,706 shares of the industrial products company’s stock after selling 1,831 shares during the quarter. Beacon Investment Advisory Services Inc.’s holdings in Eaton were worth $23,737,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also bought and sold shares of ETN. Clal Insurance Enterprises Holdings Ltd increased its holdings in shares of Eaton by 239,384.8% during the 4th quarter. Clal Insurance Enterprises Holdings Ltd now owns 158,060 shares of the industrial products company’s stock worth $50,344,000 after purchasing an additional 157,994 shares during the period. Pioneer Trust Bank N A OR lifted its stake in shares of Eaton by 669.1% in the fourth quarter. Pioneer Trust Bank N A OR now owns 6,230 shares of the industrial products company’s stock valued at $1,984,000 after buying an additional 5,420 shares during the period. Burling Wealth Partners LLC grew its position in Eaton by 63.0% during the fourth quarter. Burling Wealth Partners LLC now owns 11,296 shares of the industrial products company’s stock worth $3,598,000 after buying an additional 4,366 shares in the last quarter. Entropy Technologies LP bought a new position in Eaton during the fourth quarter valued at about $14,786,000. Finally, S&CO Inc. acquired a new position in Eaton in the 2nd quarter valued at approximately $3,824,000. Institutional investors own 82.97% of the company’s stock.

Insider Buying and Selling

In other news, insider Adam A. Wadecki sold 525 shares of the 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 sale, 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 document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Gerald Johnson purchased 130 shares of Eaton stock in a transaction that occurred on Thursday, August 13th. The shares were bought at an average price of $455.90 per share, for a total transaction of $59,267.00. Following the transaction, the director owned 1,829 shares in the company, valued at $833,841.10. This represents a 7.65% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. 0.10% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

ETN has been the topic of several recent research reports. UBS Group raised Eaton from a “neutral” rating to a “buy” rating and lifted their price objective for the stock from $450.00 to $515.00 in a report on Monday. Royal Bank Of Canada raised their target price on Eaton from $484.00 to $512.00 and gave the stock an “outperform” rating in a research report on Monday, August 3rd. Robert W. Baird set a $500.00 price target on shares of Eaton and gave the company an “outperform” rating in a report on Thursday, August 20th. Citigroup increased their price objective on shares of Eaton from $471.00 to $485.00 and gave the company a “buy” rating in a research note on Monday, August 3rd. Finally, Wall Street Zen lowered shares of Eaton from a “buy” rating to a “hold” rating in a research report on Sunday, August 16th. Three analysts have rated the stock with a Strong Buy rating, fifteen have issued a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Buy” and an average target price of $450.61.

Eaton Stock Up 2.8%

Shares of NYSE ETN opened at $422.28 on Wednesday. Eaton Corporation, PLC has a 52-week low of $311.92 and a 52-week high of $478.00. The company has a debt-to-equity ratio of 0.91, a quick ratio of 0.79 and a current ratio of 1.24. The business has a fifty day moving average of $415.39 and a two-hundred day moving average of $398.69. The stock has a market cap of $164.01 billion, a PE ratio of 42.96, a PEG ratio of 2.60 and a beta of 1.17.

Eaton (NYSE:ETN) last announced its 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. The business had revenue of $8.53 billion during the quarter, compared to analysts’ expectations of $8.16 billion. Eaton had a net margin of 12.75% and a return on equity of 24.58%. The firm’s revenue for the quarter was up 21.4% on a year-over-year basis. During the same quarter last year, the company posted $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. As a group, equities research analysts expect that Eaton Corporation, PLC will post 13.56 earnings per share for the current fiscal year.

Eaton Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, August 28th. Investors of record on Friday, August 7th were given a dividend of $1.10 per share. The ex-dividend date was Friday, August 7th. This represents a $4.40 dividend on an annualized basis and a yield of 1.0%. Eaton’s dividend payout ratio is 44.76%.

About Eaton

Eaton plc is a power management company that helps businesses, utilities, data centers, industrial facilities and other customers manage electrical, hydraulic and mechanical power more safely and efficiently. Its products and systems support power distribution, circuit protection, power quality, backup power, industrial automation and energy management.

The company also supplies aerospace systems, including hydraulic, fuel, motion-control and air-management equipment, as well as components and systems for commercial and military aircraft.