SVB Wealth LLC Sells 2,077 Shares of Eaton Corporation, PLC $ETN

SVB Wealth LLC trimmed its position in shares of Eaton Corporation, PLC (NYSE:ETN) by 7.1% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 27,166 shares of the industrial products company’s stock after selling 2,077 shares during the period. SVB Wealth LLC’s holdings in Eaton were worth $9,717,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also bought and sold shares of ETN. Hilton Head Capital Partners LLC bought a new position in Eaton during the fourth quarter valued at approximately $26,000. Sfam LLC bought a new stake in shares of Eaton in the 4th quarter worth approximately $27,000. Gunpowder Capital Management LLC dba Oliver Wealth Management bought a new stake in shares of Eaton in the 4th quarter worth approximately $28,000. Eagle Bay Advisors LLC purchased a new stake in shares of Eaton in the 4th quarter valued at $29,000. Finally, WFA of San Diego LLC bought a new position in shares of Eaton during the 2nd quarter valued at $36,000. Hedge funds and other institutional investors own 82.97% of the company’s stock.

Eaton Price Performance

Shares of ETN stock opened at $436.14 on Tuesday. The company has a debt-to-equity ratio of 0.94, a quick ratio of 0.75 and a current ratio of 1.19. The business’s 50 day moving average price is $405.30 and its 200-day moving average price is $370.08. The firm has a market cap of $169.35 billion, a P/E ratio of 42.63, a P/E/G ratio of 2.71 and a beta of 1.20. Eaton Corporation, PLC has a fifty-two week low of $311.92 and a fifty-two week high of $436.74.

Eaton (NYSE:ETN) last released its earnings results 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 company had revenue of $7.45 billion during the quarter, compared to analysts’ expectations of $7.14 billion. During the same quarter last year, the business posted $2.72 EPS. The firm’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, equities research analysts anticipate that Eaton Corporation, PLC will post 13.32 earnings per share for the current year.

Eaton Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, May 29th. Investors of record on Friday, May 8th were issued a $1.10 dividend. This represents a $4.40 dividend on an annualized basis and a yield of 1.0%. The ex-dividend date was Friday, May 8th. Eaton’s payout ratio is presently 43.01%.

Analysts Set New Price Targets

A number of equities analysts recently commented on ETN shares. Weiss Ratings cut shares of Eaton from a “buy (b)” rating to a “buy (b-)” rating in a research report on Monday, May 18th. Wells Fargo & Company raised their price objective on Eaton from $350.00 to $425.00 and gave the company an “equal weight” rating in a research note on Wednesday, May 6th. Royal Bank Of Canada boosted their target price on Eaton from $457.00 to $484.00 and gave the company an “outperform” rating in a research note on Wednesday, May 6th. Evercore set a $453.00 target price on Eaton in a report on Monday, May 11th. Finally, KeyCorp raised their price target on Eaton from $420.00 to $480.00 and gave the stock an “overweight” rating in a research report on Wednesday, May 6th. 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 stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $420.95.

More Eaton News

Here are the key news stories impacting Eaton this week:

• Positive Sentiment: ETN is being highlighted as a beneficiary of the AI power crisis, with data centers straining the U.S. grid and boosting interest in companies that provide electrical infrastructure and power-management equipment. 5 Stocks Solving the AI Power Crisis (ETN)
• Positive Sentiment: Analysts now show a consensus recommendation of “Moderate Buy” on Eaton, which can help support investor confidence in the stock. Eaton Corporation, PLC (NYSE:ETN) Receives Consensus Recommendation of “Moderate Buy” from Analysts
• Positive Sentiment: Coverage also points to Eaton as a key grid-upgrade story, reinforcing the view that its products should benefit from rising utility and infrastructure spending. Why Eaton (NYSE:ETN) Is Emerging As A Key Grid Upgrade Story?
• Neutral Sentiment: One article notes ETN shares have already climbed near the top of their 52-week range, which suggests the market has been pricing in strong fundamentals but may also raise valuation sensitivity. A Look at Eaton Corp PLC (ETN) After 3.3% Gain — GF Value $386.36 vs Price $435.78
• Neutral Sentiment: A reported plan to merge Eaton’s mobility business with Dana is strategically notable, but the articles provided do not give enough financial detail to judge the near-term stock impact. Eaton Corporation to Merge Mobility Business with Dana

Insiders Place Their Bets

In other news, insider Peter Denk sold 2,000 shares of the business’s stock in a transaction on Wednesday, May 6th. The stock was sold at an average price of $417.94, for a total value of $835,880.00. Following the completion of the transaction, the insider owned 7,102 shares in the company, valued at $2,968,209.88. The trade was a 21.97% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Heath B. Monesmith sold 18,367 shares of the company’s stock in a transaction on Wednesday, May 6th. The shares were sold at an average price of $409.11, for a total value of $7,514,123.37. Following the transaction, the insider directly owned 49,822 shares in the company, valued at approximately $20,382,678.42. The trade was a 26.94% 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 three months. Corporate insiders own 0.10% of the company’s stock.

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.