Wellington Management Group LLP Has $2.91 Billion Holdings in Eaton Corporation, PLC $ETN

Wellington Management Group LLP increased its position in Eaton Corporation, PLC (NYSE:ETN) by 19.6% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 6,827,266 shares of the industrial products company’s stock after acquiring an additional 1,120,567 shares during the quarter. Wellington Management Group LLP’s holdings in Eaton were worth $2,909,235,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. PFA Pension Forsikringsaktieselskab acquired a new stake in shares of Eaton in the fourth quarter valued at about $97,989,000. Clal Insurance Enterprises Holdings Ltd lifted its position in shares of Eaton by 112.6% during the 1st quarter. Clal Insurance Enterprises Holdings Ltd now owns 336,060 shares of the industrial products company’s stock worth $120,199,000 after purchasing an additional 178,000 shares during the last quarter. Munich Reinsurance Co Stock Corp in Munich boosted its stake in Eaton by 24,986.3% during the 1st quarter. Munich Reinsurance Co Stock Corp in Munich now owns 154,281 shares of the industrial products company’s stock valued at $55,182,000 after purchasing an additional 153,666 shares during the period. Public Employees Retirement System of Ohio bought a new stake in Eaton during the 2nd quarter valued at approximately $64,858,000. Finally, Silvercrest Asset Management Group LLC grew its holdings in Eaton by 23.1% in the 4th quarter. Silvercrest Asset Management Group LLC now owns 310,859 shares of the industrial products company’s stock valued at $99,012,000 after buying an additional 58,281 shares during the last quarter. 82.97% of the stock is currently owned by institutional investors.

Eaton Stock Performance

Shares of NYSE ETN opened at $402.56 on Friday. The firm has a market capitalization of $156.35 billion, a price-to-earnings ratio of 40.95, a PEG ratio of 2.63 and a beta of 1.18. Eaton Corporation, PLC has a one year low of $311.92 and a one year high of $478.00. The business has a fifty day simple moving average of $417.02 and a 200 day simple moving average of $397.78. The company has a current ratio of 1.24, a quick ratio of 0.79 and a debt-to-equity ratio of 0.91.

Eaton (NYSE:ETN) last posted its quarterly earnings results on Friday, July 31st. The industrial products company reported $3.15 earnings per share for the quarter, topping analysts’ consensus estimates of $3.08 by $0.07. The firm had revenue of $8.53 billion for the quarter, compared to the consensus estimate of $8.16 billion. Eaton had a net margin of 12.75% and a return on equity of 24.58%. The business’s revenue was up 21.4% compared to the same quarter last year. During the same quarter in the previous year, the company earned $2.95 earnings per share. Eaton has set its Q3 2026 guidance at 3.460-3.560 EPS and its FY 2026 guidance at 13.400-13.600 EPS. Sell-side analysts expect that Eaton Corporation, PLC will post 13.55 EPS for the current year.

Eaton Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, August 28th. Stockholders 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 1.1%. The ex-dividend date was Friday, August 7th. Eaton’s payout ratio is 44.76%.

Insider Activity at Eaton

In related news, insider Adam A. Wadecki sold 525 shares of the company’s stock in a transaction dated Tuesday, August 4th. The shares were sold at an average price of $440.54, for a total value of $231,283.50. Following the sale, the insider owned 1,054 shares of the company’s stock, valued at $464,329.16. The trade was a 33.25% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Gerald Johnson purchased 130 shares of the business’s stock in a transaction on Thursday, August 13th. The shares were acquired at an average price of $455.90 per share, with a total value of $59,267.00. Following the purchase, the director owned 1,829 shares of the company’s stock, valued at approximately $833,841.10. This trade 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 Ratings Changes

A number of brokerages have recently commented on ETN. Robert W. Baird set a $500.00 price target on Eaton and gave the stock an “outperform” rating in a report on Thursday, August 20th. Wall Street Zen downgraded shares of Eaton from a “buy” rating to a “hold” rating in a research note on Sunday, August 16th. Citigroup boosted their target price on shares of Eaton from $471.00 to $485.00 and gave the stock a “buy” rating in a research report on Monday, August 3rd. JPMorgan Chase & Co. upped their target price on shares of Eaton from $406.00 to $445.00 and gave the company an “overweight” rating in a research note on Wednesday, May 6th. Finally, Erste Group Bank began coverage on shares of Eaton in a report on Tuesday, May 5th. They issued a “buy” rating for the company. Three equities research analysts have rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and four have assigned a Hold rating to the stock. Based on data from MarketBeat, Eaton presently has a consensus rating of “Moderate Buy” and an average price target of $442.00.

Eaton 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.