Eaton Corporation, PLC $ETN Stock Purchased by Wedmont Private Capital

Wedmont Private Capital lifted its holdings in Eaton Corporation, PLC (NYSE:ETN) by 69.6% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 11,413 shares of the industrial products company’s stock after purchasing an additional 4,684 shares during the quarter. Wedmont Private Capital’s holdings in Eaton were worth $4,845,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. North Star Investment Management Corp. boosted its holdings in Eaton by 0.3% in the first quarter. North Star Investment Management Corp. now owns 8,101 shares of the industrial products company’s stock worth $2,897,000 after acquiring an additional 28 shares in the last quarter. Bogart Wealth LLC increased its holdings in shares of Eaton by 1.3% during the first quarter. Bogart Wealth LLC now owns 2,184 shares of the industrial products company’s stock valued at $781,000 after acquiring an additional 29 shares in the last quarter. Tanager Wealth Management LLP raised its position in shares of Eaton by 5.4% in the 2nd quarter. Tanager Wealth Management LLP now owns 606 shares of the industrial products company’s stock valued at $258,000 after purchasing an additional 31 shares during the last quarter. Cornerstone Planning Group LLC boosted its stake in Eaton by 10.2% in the 1st quarter. Cornerstone Planning Group LLC now owns 368 shares of the industrial products company’s stock worth $132,000 after purchasing an additional 34 shares in the last quarter. Finally, Everhart Financial Group Inc. boosted its stake in Eaton by 2.6% in the 3rd quarter. Everhart Financial Group Inc. now owns 1,403 shares of the industrial products company’s stock worth $603,000 after purchasing an additional 35 shares in the last quarter. 82.97% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, insider Heath Monesmith sold 18,036 shares of Eaton stock in a transaction dated Tuesday, August 11th. The stock was sold at an average price of $458.04, for a total value of $8,261,209.44. Following the sale, the insider directly owned 50,368 shares in the company, valued at approximately $23,070,558.72. The trade was a 26.37% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Gerald Johnson bought 130 shares of the firm’s stock in a transaction dated Thursday, August 13th. The stock was purchased 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 of the company’s stock, valued at approximately $833,841.10. This represents a 7.65% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. 0.10% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on ETN shares. Royal Bank Of Canada upped their price target on shares of Eaton from $484.00 to $512.00 and gave the company an “outperform” rating in a research note on Monday, August 3rd. BNP Paribas Exane boosted their price objective on shares of Eaton from $490.00 to $500.00 and gave the company an “outperform” rating in a report on Monday, August 3rd. Raymond James Financial upped their target price on Eaton from $465.00 to $525.00 and gave the company an “outperform” rating in a research report on Wednesday, August 5th. Robert W. Baird set a $500.00 price target on Eaton and gave the stock an “outperform” rating in a research report on Thursday, August 20th. Finally, Rothschild & Co Redburn boosted their price target on Eaton from $386.00 to $403.00 and gave the company a “neutral” rating in a research note on Wednesday, September 30th. One research analyst has rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating and two 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 price target of $480.18.

Eaton Stock Performance

Shares of NYSE ETN traded up $6.23 during trading on Friday, reaching $430.74. 692,368 shares of the company traded hands, compared to its average volume of 2,509,132. Eaton Corporation, PLC has a 12-month low of $311.92 and a 12-month high of $478.00. 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 $167.30 billion, a P/E ratio of 43.75, a PEG ratio of 2.50 and a beta of 1.13. The firm’s fifty day simple moving average is $426.18 and its 200 day simple moving average is $408.47.

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, beating analysts’ consensus estimates of $3.08 by $0.07. The firm had revenue of $8.53 billion for the quarter, compared to analyst estimates of $8.16 billion. Eaton had a return on equity of 24.58% and a net margin of 12.75%.The business’s revenue was up 21.4% on a year-over-year basis. During the same quarter last year, the firm 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, research analysts anticipate that Eaton Corporation, PLC will post 13.57 earnings per share for the current fiscal year.

Eaton Announces Dividend

The business 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. This represents a $4.40 annualized dividend and a dividend yield of 1.0%. The ex-dividend date was Friday, August 7th. Eaton’s dividend payout ratio is 44.76%.

Eaton Company Profile

Eaton Corporation plc (NYSE: ETN) is a global power management company that helps customers manage electrical, hydraulic and mechanical power more safely, efficiently and reliably. Its products and systems serve commercial, industrial, utility, data center, residential, aerospace, vehicle and mobility applications.

The company’s electrical businesses provide circuit protection and control equipment, power distribution systems, connectivity solutions, backup power and other technologies used to support critical infrastructure and improve energy efficiency.