Natixis Advisors LLC Sells 36,977 Shares of Eaton Corporation, PLC $ETN

Natixis Advisors LLC lowered its stake in shares of Eaton Corporation, PLC (NYSE:ETN) by 4.6% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 772,335 shares of the industrial products company’s stock after selling 36,977 shares during the period. Natixis Advisors LLC’s holdings in Eaton were worth $245,996,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in ETN. PFA Pension Forsikringsaktieselskab bought a new stake in shares of Eaton during the 4th quarter worth approximately $97,989,000. SG Americas Securities LLC raised its stake in shares of Eaton by 438.9% during the 4th quarter. SG Americas Securities LLC now owns 364,877 shares of the industrial products company’s stock worth $116,217,000 after purchasing an additional 297,166 shares in the last quarter. Fayez Sarofim & Co raised its stake in Eaton by 3.4% in the 3rd quarter. Fayez Sarofim & Co now owns 1,256,177 shares of the industrial products company’s stock valued at $474,444,000 after acquiring an additional 40,792 shares during the period. Norris Perne & French LLP MI bought a new stake in Eaton in the 4th quarter valued at $7,893,000. Finally, Bartlett & CO. Wealth Management LLC raised its stake in Eaton by 9.2% in the 4th quarter. Bartlett & CO. Wealth Management LLC now owns 238,030 shares of the industrial products company’s stock valued at $75,815,000 after acquiring an additional 19,958 shares during the period. Institutional investors own 82.97% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on the company. Jefferies Financial Group assumed coverage on Eaton in a research note on Monday, March 16th. They issued a “buy” rating and a $430.00 price target on the stock. Barclays increased their price target on Eaton from $340.00 to $392.00 and gave the company an “equal weight” rating in a research note on Wednesday, May 6th. Weiss Ratings cut Eaton from a “buy (b)” rating to a “buy (b-)” rating in a research note on Monday, May 18th. KeyCorp increased their price target on Eaton from $420.00 to $480.00 and gave the company an “overweight” rating in a research note on Wednesday, May 6th. Finally, Royal Bank Of Canada increased their price target on Eaton from $457.00 to $484.00 and gave the company an “outperform” rating in a research note on Wednesday, May 6th. Two research analysts have rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating and four have issued a Hold rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $420.95.

Insider Activity at Eaton

In other news, insider Heath B. Monesmith sold 18,367 shares of the stock in a transaction on Wednesday, May 6th. The stock was sold at an average price of $409.11, for a total transaction of $7,514,123.37. Following the sale, the insider directly owned 49,822 shares of the company’s stock, valued at approximately $20,382,678.42. This represents a 26.94% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Dorothy C. Thompson sold 167 shares of the stock in a transaction on Friday, May 22nd. The stock was sold at an average price of $385.00, for a total value of $64,295.00. Following the sale, the director directly owned 1,096 shares in the company, valued at approximately $421,960. This trade represents a 13.22% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 21,028 shares of company stock worth $8,614,793 in the last quarter. 0.10% of the stock is currently owned by corporate insiders.

Eaton Stock Performance

Shares of NYSE ETN opened at $400.07 on Tuesday. The company has a debt-to-equity ratio of 0.94, a current ratio of 1.19 and a quick ratio of 0.75. The stock’s fifty day moving average price is $392.50 and its two-hundred day moving average price is $363.07. Eaton Corporation, PLC has a one year low of $311.90 and a one year high of $435.43. The firm has a market cap of $155.35 billion, a price-to-earnings ratio of 39.11, a P/E/G ratio of 2.58 and a beta of 1.20.

Eaton (NYSE:ETN) last issued its quarterly earnings data on Tuesday, May 5th. The industrial products company reported $2.81 EPS for the quarter, beating analysts’ consensus estimates of $2.73 by $0.08. Eaton had a return on equity of 24.72% and a net margin of 13.99%.The firm had revenue of $7.45 billion for the quarter, compared to analyst estimates of $7.14 billion. During the same period in the prior year, the firm posted $2.72 EPS. The company’s revenue for the quarter was up 16.8% on a year-over-year basis. Eaton has set its Q2 2026 guidance at 3.000-3.100 EPS and its FY 2026 guidance at 13.050-13.500 EPS. On average, equities analysts forecast that Eaton Corporation, PLC will post 13.32 EPS for the current year.

Eaton Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, May 29th. Stockholders of record on Friday, May 8th were issued a dividend of $1.10 per share. This represents a $4.40 annualized dividend and a dividend yield of 1.1%. The ex-dividend date of this dividend was Friday, May 8th. Eaton’s dividend payout ratio is 43.01%.

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.