National Pension Service Acquires 29,436 Shares of Eaton Corporation, PLC $ETN

National Pension Service lifted its holdings in shares of Eaton Corporation, PLC (NYSE:ETN) by 3.5% during the second quarter, HoldingsChannel reports. The firm owned 864,731 shares of the industrial products company’s stock after acquiring an additional 29,436 shares during the quarter. National Pension Service’s holdings in Eaton were worth $368,479,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Manning & Napier Advisors LLC bought a new stake in Eaton during the 2nd quarter worth approximately $27,000. Hilton Head Capital Partners LLC bought a new position in Eaton in the fourth quarter valued at approximately $26,000. Archer Investment Corp acquired a new position in shares of Eaton in the second quarter valued at approximately $35,000. Sfam LLC bought a new stake in shares of Eaton during the fourth quarter worth $27,000. Finally, Gunpowder Capital Management LLC dba Oliver Wealth Management acquired a new stake in shares of Eaton during the fourth quarter worth $28,000. 82.97% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on the stock. Citigroup upped their target price on shares of Eaton from $471.00 to $485.00 and gave the stock a “buy” rating in a research note on Monday, August 3rd. Evercore raised Eaton from an “in-line” rating to an “outperform” rating and set a $502.00 price target on the stock in a research note on Monday, August 3rd. Weiss Ratings raised Eaton from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Friday, August 28th. UBS Group upgraded Eaton from a “neutral” rating to a “buy” rating and increased their price objective for the stock from $450.00 to $515.00 in a report on Monday. Finally, Robert W. Baird set a $500.00 target price on Eaton and gave the company an “outperform” rating in a research report on Thursday, August 20th. Three analysts have rated the stock with a Strong Buy rating, fifteen have given a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, Eaton currently has an average rating of “Buy” and an average price target of $450.61.

Insider Buying and Selling at Eaton

In other Eaton news, insider Adam Wadecki sold 525 shares of the business’s stock in a transaction that occurred on Tuesday, August 4th. The stock was sold at an average price of $440.54, for a total transaction of $231,283.50. Following the transaction, 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 position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Gerald Johnson acquired 130 shares of the company’s stock in a transaction dated Thursday, August 13th. The shares were bought at an average price of $455.90 per share, for a total transaction of $59,267.00. Following the purchase, the director owned 1,829 shares in the company, valued at approximately $833,841.10. This represents a 7.65% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Corporate insiders own 0.10% of the company’s stock.

Eaton Stock Down 1.5%

Shares of ETN stock opened at $415.93 on Thursday. 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 Corporation, PLC has a 1 year low of $311.92 and a 1 year high of $478.00. The firm’s fifty day moving average price is $415.47 and its two-hundred day moving average price is $398.96. The firm has a market capitalization of $161.55 billion, a P/E ratio of 42.31, a PEG ratio of 2.67 and a beta of 1.17.

Eaton (NYSE:ETN) last posted its quarterly earnings data on Friday, July 31st. The industrial products company reported $3.15 EPS for the quarter, topping analysts’ consensus estimates of $3.08 by $0.07. The company had revenue of $8.53 billion during 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 company’s quarterly revenue was up 21.4% on a year-over-year basis. During the same period in the prior year, the business posted $2.95 EPS. Eaton has set its Q3 2026 guidance at 3.460-3.560 EPS and its FY 2026 guidance at 13.400-13.600 EPS. On average, equities analysts predict that Eaton Corporation, PLC will post 13.56 EPS for the current fiscal year.

Eaton Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, August 28th. Investors of record on Friday, August 7th were given a dividend of $1.10 per share. The ex-dividend date of this dividend was Friday, August 7th. This represents a $4.40 annualized dividend and a yield of 1.1%. Eaton’s dividend payout ratio is 44.76%.

Eaton Company Profile

Eaton plc is a power management company that helps businesses, utilities, data centers, industrial facilities and other customers manage electrical, hydraulic and mechanical power more safely and efficiently. Its products and systems support power distribution, circuit protection, power quality, backup power, industrial automation and energy management.

The company also supplies aerospace systems, including hydraulic, fuel, motion-control and air-management equipment, as well as components and systems for commercial and military aircraft.