Rep. David Taylor Sells Off Shares of Eaton Corporation, PLC (NYSE:ETN)

Representative David Taylor (Republican-Ohio) recently sold shares of Eaton Corporation, PLC (NYSE:ETN). In a filing disclosed on March 06th, the Representative disclosed that they had sold between $1,001 and $15,000 in Eaton stock on February 26th. The trade occurred in the Representative’s “DAVID TAYLOR TRUST > SARDINIA READY MIX 401(K) – DAVE” account.

Representative David Taylor also recently made the following trade(s):

• Purchased $1,001 – $15,000 in shares of Visa (NYSE:V) on 2/26/2026.
• Sold $1,001 – $15,000 in shares of Fifth Third Bancorp (NASDAQ:FITB) on 2/26/2026.
• Sold $1,001 – $15,000 in shares of Parker-Hannifin (NYSE:PH) on 2/26/2026.
• Sold $1,001 – $15,000 in shares of International Business Machines (NYSE:IBM) on 2/26/2026.
• Purchased $1,001 – $15,000 in shares of Microsoft (NASDAQ:MSFT) on 2/26/2026.
• Sold $1,001 – $15,000 in shares of Marathon Petroleum (NYSE:MPC) on 2/26/2026.
• Sold $1,001 – $15,000 in shares of Lam Research (NASDAQ:LRCX) on 2/26/2026.
• Sold $1,001 – $15,000 in shares of Kroger (NYSE:KR) on 2/26/2026.
• Sold $15,001 – $50,000 in shares of International Business Machines (NYSE:IBM) on 2/26/2026.
• Sold $15,001 – $50,000 in shares of Salesforce (NYSE:CRM) on 2/26/2026.

Eaton Price Performance

ETN opened at $354.54 on Tuesday. The firm has a market capitalization of $137.53 billion, a PE ratio of 33.89, a price-to-earnings-growth ratio of 2.40 and a beta of 1.17. The business’s 50-day moving average is $353.02 and its two-hundred day moving average is $355.17. Eaton Corporation, PLC has a 1 year low of $231.85 and a 1 year high of $408.45. The company has a debt-to-equity ratio of 0.45, a current ratio of 1.32 and a quick ratio of 0.81.

Eaton (NYSE:ETN) last announced its earnings results on Thursday, February 26th. The industrial products company reported $3.23 earnings per share for the quarter. Eaton had a return on equity of 25.00% and a net margin of 14.89%. Research analysts anticipate that Eaton Corporation, PLC will post 12.02 earnings per share for the current fiscal year.

Eaton Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, March 27th. Shareholders of record on Tuesday, March 10th will be paid a $1.10 dividend. This represents a $4.40 annualized dividend and a yield of 1.2%. This is a boost from Eaton’s previous quarterly dividend of $1.04. The ex-dividend date is Tuesday, March 10th. Eaton’s payout ratio is presently 39.77%.

Insider Transactions at Eaton

In other news, insider Sternadt Paulo Ruiz sold 10,707 shares of the company’s stock in a transaction on Thursday, February 12th. The shares were sold at an average price of $390.26, for a total transaction of $4,178,513.82. Following the completion of the sale, the insider owned 27,729 shares of the company’s stock, valued at $10,821,519.54. This represents a 27.86% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.30% of the stock is currently owned by company insiders.

Analyst Ratings Changes

ETN has been the topic of several research reports. Wolfe Research upgraded shares of Eaton from a “peer perform” rating to an “outperform” rating and set a $413.00 price target on the stock in a report on Tuesday, December 9th. Citigroup reduced their target price on shares of Eaton from $442.00 to $435.00 and set a “buy” rating for the company in a report on Monday, January 12th. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Eaton in a report on Wednesday, January 21st. Morgan Stanley reaffirmed an “overweight” rating and set a $425.00 price target on shares of Eaton in a research report on Wednesday, February 4th. Finally, HSBC raised Eaton from a “hold” rating to a “buy” rating and set a $400.00 price objective for the company in a report on Friday, January 16th. Two equities research analysts have rated the stock with a Strong Buy rating, thirteen have given a Buy rating and five have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, Eaton presently has a consensus rating of “Moderate Buy” and an average target price of $389.89.

Institutional Trading of Eaton

Several institutional investors have recently bought and sold shares of the business. Fayez Sarofim & Co lifted its position in shares of Eaton by 3.4% during 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 buying an additional 40,792 shares in the last quarter. Williams Jones Wealth Management LLC. grew its position in shares of Eaton by 3.3% in the third quarter. Williams Jones Wealth Management LLC. now owns 515,587 shares of the industrial products company’s stock valued at $192,958,000 after purchasing an additional 16,422 shares during the period. Baird Financial Group Inc. raised its position in shares of Eaton by 8.8% during the 2nd quarter. Baird Financial Group Inc. now owns 370,531 shares of the industrial products company’s stock worth $132,276,000 after purchasing an additional 29,900 shares during the last quarter. SG Americas Securities LLC boosted its holdings in Eaton by 438.9% in the 4th quarter. SG Americas Securities LLC now owns 364,877 shares of the industrial products company’s stock worth $116,217,000 after buying an additional 297,166 shares during the last quarter. Finally, Silvercrest Asset Management Group LLC lifted its position in shares of Eaton by 23.1% in the fourth quarter. Silvercrest Asset Management Group LLC now owns 310,859 shares of the industrial products company’s stock valued at $99,012,000 after acquiring an additional 58,281 shares in the last quarter. 82.97% of the stock is owned by institutional investors and hedge funds.

About Representative Taylor

David Taylor (Republican Party) is a member of the U.S. House, representing Ohio’s 2nd Congressional District. He assumed office on January 3, 2025. His current term ends on January 3, 2027.

Taylor (Republican Party) ran for election to the U.S. House to represent Ohio’s 2nd Congressional District. He won in the general election on November 5, 2024.

David Taylor graduated from Amelia High School. Taylor earned degrees from Miami University (Ohio) and the University of Dayton School of Law. Taylor’s career experience includes working as an attorney and as a businessman at Sardinia Ready Mix, Inc.

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.