Burling Wealth Partners LLC Raises Stake in Eaton Corporation, PLC $ETN

Burling Wealth Partners LLC raised its holdings in shares of Eaton Corporation, PLC (NYSE:ETN) by 18.9% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 13,428 shares of the industrial products company’s stock after acquiring an additional 2,132 shares during the period. Burling Wealth Partners LLC’s holdings in Eaton were worth $4,803,000 at the end of the most recent reporting period.

Other hedge funds have also recently made changes to their positions in the company. Bartlett & CO. Wealth Management LLC boosted its position in 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 valued at $75,815,000 after buying an additional 19,958 shares during the period. Clal Insurance Enterprises Holdings Ltd increased its holdings in shares of Eaton by 239,384.8% in the fourth quarter. Clal Insurance Enterprises Holdings Ltd now owns 158,060 shares of the industrial products company’s stock worth $50,344,000 after buying an additional 157,994 shares during the period. Pioneer Trust Bank N A OR increased its holdings in shares of Eaton by 669.1% in the fourth quarter. Pioneer Trust Bank N A OR now owns 6,230 shares of the industrial products company’s stock worth $1,984,000 after buying an additional 5,420 shares during the period. Entropy Technologies LP bought a new stake in shares of Eaton in the 4th quarter valued at about $14,786,000. Finally, Prime Capital Investment Advisors LLC boosted its holdings in Eaton by 14.6% during the 4th quarter. Prime Capital Investment Advisors LLC now owns 52,936 shares of the industrial products company’s stock valued at $16,861,000 after acquiring an additional 6,737 shares during the period. 82.97% of the stock is currently owned by institutional investors.

Eaton Stock Up 0.3%

Shares of NYSE:ETN opened at $401.36 on Tuesday. The stock’s 50-day moving average is $403.75 and its 200 day moving average is $380.86. The company has a market cap of $155.85 billion, a PE ratio of 39.23, a P/E/G ratio of 2.57 and a beta of 1.18. The company has a debt-to-equity ratio of 0.94, a current ratio of 1.19 and a quick ratio of 0.75. Eaton Corporation, PLC has a 1 year low of $311.92 and a 1 year high of $436.74.

Eaton (NYSE:ETN) last released its quarterly earnings data on Tuesday, May 5th. The industrial products company reported $2.81 earnings per share for the quarter, topping the consensus estimate of $2.73 by $0.08. The business had revenue of $7.45 billion during the quarter, compared to analysts’ expectations of $7.14 billion. Eaton had a return on equity of 24.72% and a net margin of 13.99%.The business’s revenue was up 16.8% on a year-over-year basis. During the same quarter last year, the business posted $2.72 EPS. Eaton has set its Q2 2026 guidance at 3.000-3.100 EPS and its FY 2026 guidance at 13.050-13.500 EPS. Sell-side analysts anticipate that Eaton Corporation, PLC will post 13.35 EPS for the current year.

Insider Buying and Selling

In related news, Director Gerald Johnson acquired 215 shares of the firm’s stock in a transaction on Monday, May 11th. The stock was acquired at an average cost of $419.02 per share, for a total transaction of $90,089.30. Following the acquisition, the director owned 1,629 shares of the company’s stock, valued at $682,583.58. This trade represents a 15.21% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Heath B. Monesmith sold 18,367 shares of the firm’s stock in a transaction dated 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 completion of 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 ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 21,028 shares of company stock valued at $8,614,793 over the last three months. Insiders own 0.10% of the company’s stock.

Key Stories Impacting Eaton

Here are the key news stories impacting Eaton this week:

• Positive Sentiment: Eaton opened a new U.K. aerospace additive manufacturing center, which should help expand production capacity, improve supply-chain resilience, and support demand for next-generation aerospace platforms. Eaton opens UK aerospace additive manufacturing center
• Positive Sentiment: ETN was upgraded to a Zacks Rank #2 (Buy), signaling improving earnings expectations and potentially supporting the stock in the near term. Eaton (ETN) Upgraded to Buy: What Does It Mean for the Stock?
• Positive Sentiment: Articles highlighting Eaton as a beneficiary of AI data-center power demand and the broader electrification cycle reinforce the market’s growth narrative for the company. AI Data Centers Need Power, and These 2 Industrials Are Cashing In (ETN)
• Neutral Sentiment: Several commentary pieces compared Eaton with peers or asked whether the stock is a buy, but these are mostly valuation and relative-performance discussions rather than new company-specific catalysts. VWDRY vs. ETN: Which Stock Should Value Investors Buy Now?
• Neutral Sentiment: Coverage noting that Eaton has outperformed industrial peers this year is supportive, but it mainly reflects past performance rather than a fresh trigger. Is Eaton (ETN) Stock Outpacing Its Industrial Products Peers This Year?

Analysts Set New Price Targets

ETN has been the topic of several recent research reports. Citigroup raised their price target on Eaton from $464.00 to $471.00 and gave the stock a “buy” rating in a research report on Wednesday, May 6th. Wells Fargo & Company increased 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. Weiss Ratings cut shares of Eaton from a “buy (b)” rating to a “buy (b-)” rating in a report on Monday, May 18th. KeyCorp lifted their target price on shares of Eaton from $420.00 to $480.00 and gave the stock an “overweight” rating in a research note on Wednesday, May 6th. Finally, Erste Group Bank assumed coverage on shares of Eaton in a report on Tuesday, May 5th. They set a “buy” rating for the company. Two analysts have rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and four have issued a Hold rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $423.00.

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.