North Dallas Bank & Trust Co. Invests $647,000 in Eaton Corporation, PLC $ETN

North Dallas Bank & Trust Co. purchased a new position in shares of Eaton Corporation, PLC (NYSE:ETN) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 2,032 shares of the industrial products company’s stock, valued at approximately $647,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. Aventura Private Wealth LLC acquired a new position in shares of Eaton during the fourth quarter worth about $1,339,000. Farmers National Bank acquired a new position in shares of Eaton during the third quarter worth about $1,530,000. Ransom Advisory Ltd acquired a new position in shares of Eaton during the fourth quarter worth about $3,881,000. Morse Asset Management Inc increased its stake in shares of Eaton by 3,937.1% during the third quarter. Morse Asset Management Inc now owns 4,239 shares of the industrial products company’s stock worth $1,586,000 after acquiring an additional 4,134 shares during the period. Finally, Bartlett & CO. Wealth Management LLC increased its stake in shares of Eaton by 9.2% during the fourth quarter. Bartlett & CO. Wealth Management LLC now owns 238,030 shares of the industrial products company’s stock worth $75,815,000 after acquiring an additional 19,958 shares during the period. 82.97% of the stock is currently owned by institutional investors and hedge funds.

Eaton Stock Down 0.4%

ETN stock opened at $401.51 on Wednesday. Eaton Corporation, PLC has a 52 week low of $311.92 and a 52 week high of $435.43. The company has a market cap of $155.91 billion, a P/E ratio of 39.25, a P/E/G ratio of 2.59 and a beta of 1.19. The company has a current ratio of 1.19, a quick ratio of 0.75 and a debt-to-equity ratio of 0.94. The company’s 50-day moving average price is $398.11 and its 200 day moving average price is $365.60.

Eaton (NYSE:ETN) last announced its quarterly earnings results on Tuesday, May 5th. The industrial products company reported $2.81 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.73 by $0.08. Eaton had a net margin of 13.99% and a return on equity of 24.72%. The company had revenue of $7.45 billion for the quarter, compared to the consensus estimate of $7.14 billion. During the same quarter in the prior year, the firm earned $2.72 earnings per share. The company’s revenue for the quarter was up 16.8% compared to the same quarter last year. 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, research analysts expect that Eaton Corporation, PLC will post 13.32 earnings per share for the current fiscal year.

Eaton Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, May 29th. Shareholders of record on Friday, May 8th were issued a $1.10 dividend. 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%.

Wall Street Analysts Forecast Growth

ETN has been the topic of a number of research analyst reports. Evercore set a $453.00 price objective on shares of Eaton in a report on Monday, May 11th. Erste Group Bank initiated coverage on shares of Eaton in a report on Tuesday, May 5th. They set a “buy” rating on the stock. Citigroup boosted their price objective on shares of Eaton from $464.00 to $471.00 and gave the stock a “buy” rating in a report on Wednesday, May 6th. Barclays boosted their price objective on shares of Eaton from $340.00 to $392.00 and gave the stock an “equal weight” rating in a report on Wednesday, May 6th. Finally, Jefferies Financial Group initiated coverage on shares of Eaton in a report on Monday, March 16th. They set a “buy” rating and a $430.00 price objective on the stock. Two research analysts have rated the stock with a Strong Buy rating, fifteen have issued a Buy rating and four have issued a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $420.95.

Insider Buying and Selling

In other Eaton news, Director Dorothy C. Thompson sold 167 shares of the company’s stock in a transaction dated Friday, May 22nd. The shares were sold at an average price of $385.00, for a total value of $64,295.00. Following the sale, the director owned 1,096 shares of the company’s stock, valued at $421,960. This represents a 13.22% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Heath B. Monesmith sold 18,367 shares of the company’s stock in a transaction dated Wednesday, May 6th. The shares were sold at an average price of $409.11, for a total transaction of $7,514,123.37. Following the completion of the sale, the insider directly owned 49,822 shares in the company, valued at $20,382,678.42. This trade represents a 26.94% decrease in their position. The SEC filing for this sale provides additional information. Over the last ninety days, insiders have sold 21,028 shares of company stock valued at $8,614,793. 0.10% of the stock is owned by company insiders.

Eaton Company 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.