Eaton (NYSE:ETN) Shares Sold Off by Rep. Kevin Hern

Representative Kevin Hern (Republican-Oklahoma) recently sold shares of Eaton Corporation, PLC (NYSE:ETN). In a filing disclosed on September 25th, the Representative disclosed that they had sold between $1,001 and $15,000 in Eaton stock on September 10th. The trade occurred in the Representative’s “KEVIN HERN TRADITIONAL IRA” account.

Representative Kevin Hern also recently made the following trade(s):

• Sold $15,001 – $50,000 in shares of CenterPoint Energy (NYSE:CNP) on 9/15/2026.
• Sold $1,001 – $15,000 in shares of TJX Companies (NYSE:TJX) on 9/15/2026.
• Sold $15,001 – $50,000 in shares of STERIS (NYSE:STE) on 9/15/2026.
• Sold $1,001 – $15,000 in shares of Seagate Technology (NASDAQ:STX) on 9/15/2026.
• Sold $15,001 – $50,000 in shares of NextEra Energy (NYSE:NEE) on 9/14/2026.
• Sold $1,001 – $15,000 in shares of Marsh & McLennan Companies (NYSE:MRSH) on 9/14/2026.
• Sold $15,001 – $50,000 in shares of IQVIA (NYSE:IQV) on 9/14/2026.
• Sold $15,001 – $50,000 in shares of Home Depot (NYSE:HD) on 9/14/2026.
• Sold $1,001 – $15,000 in shares of Home Depot (NYSE:HD) on 9/14/2026.
• Sold $15,001 – $50,000 in shares of Emerson Electric (NYSE:EMR) on 9/14/2026.

Eaton Stock Performance

Shares of NYSE ETN opened at $430.62 on Tuesday. The company has a market cap of $167.25 billion, a P/E ratio of 43.81, a P/E/G ratio of 2.67 and a beta of 1.17. Eaton Corporation, PLC has a 52-week low of $311.92 and a 52-week high of $478.00. The company has a debt-to-equity ratio of 0.91, a quick ratio of 0.79 and a current ratio of 1.24. The firm’s fifty day moving average is $420.06 and its two-hundred day moving average is $404.18.

Eaton (NYSE:ETN) last released its quarterly earnings data on Friday, July 31st. The industrial products company reported $3.15 EPS for the quarter, beating the consensus estimate of $3.08 by $0.07. The business 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 business’s revenue was up 21.4% on a year-over-year basis. During the same quarter in the prior year, the firm earned $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. As a group, analysts anticipate that Eaton Corporation, PLC will post 13.56 EPS for the current fiscal year.

Eaton Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, August 28th. Investors of record on Friday, August 7th were paid a dividend of $1.10 per share. This represents a $4.40 annualized dividend and a yield of 1.0%. The ex-dividend date of this dividend was Friday, August 7th. Eaton’s dividend payout ratio (DPR) is presently 44.76%.

Institutional Trading of Eaton

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in ETN. Clal Insurance Enterprises Holdings Ltd raised 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 valued at $50,344,000 after acquiring an additional 157,994 shares in the last quarter. Entropy Technologies LP purchased a new position in Eaton during the fourth quarter valued at approximately $14,786,000. S&CO Inc. bought a new position in Eaton in the second quarter worth approximately $3,824,000. Wellington Management Group LLP lifted its holdings in Eaton by 19.6% during the second quarter. Wellington Management Group LLP now owns 6,827,266 shares of the industrial products company’s stock worth $2,909,235,000 after buying an additional 1,120,567 shares during the period. Finally, Ameritas Advisory Services LLC raised its position in shares of Eaton by 667.9% in the 2nd quarter. Ameritas Advisory Services LLC now owns 7,556 shares of the industrial products company’s stock worth $3,220,000 after acquiring an additional 6,572 shares in the last quarter. 82.97% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of analysts have issued reports on the company. Wells Fargo & Company assumed coverage on Eaton in a research note on Thursday. They issued an “overweight” rating and a $503.00 price objective on the stock. Evercore raised shares of 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. BMO Capital Markets boosted their target price on shares of Eaton from $477.00 to $487.00 and gave the stock an “outperform” rating in a report on Monday, August 3rd. Sanford C. Bernstein reissued an “outperform” rating on shares of Eaton in a research note on Monday, August 3rd. Finally, UBS Group upgraded Eaton from a “neutral” rating to a “buy” rating and upped their price objective for the company from $450.00 to $515.00 in a research report on Monday, September 7th. Two research analysts have rated the stock with a Strong Buy rating, fifteen have issued a Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Buy” and a consensus price target of $456.50.

Insider Activity

In other Eaton news, insider Heath B. Monesmith sold 18,036 shares of the firm’s stock in a transaction that occurred on Tuesday, August 11th. The shares were sold at an average price of $458.04, for a total value of $8,261,209.44. Following the completion of the sale, the insider directly owned 50,368 shares in the company, valued at $23,070,558.72. This trade represents a 26.37% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Gerald Johnson purchased 130 shares of the business’s stock in a transaction on Thursday, August 13th. The stock was purchased at an average cost of $455.90 per share, for a total transaction of $59,267.00. Following the completion of the acquisition, the director directly owned 1,829 shares of the company’s stock, valued at approximately $833,841.10. The trade was a 7.65% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Company insiders own 0.10% of the company’s stock.

About Representative Hern

Kevin Hern (Republican Party) is a member of the U.S. House, representing Oklahoma’s 1st Congressional District. He assumed office on November 13, 2018. His current term ends on January 3, 2027.

Hern (Republican Party) is running for re-election to the U.S. House to represent Oklahoma’s 1st Congressional District. He declared candidacy for the 2026 election.

Kevin Hern went into business as a McDonald’s franchisee in 1999. He acquired 10 McDonald’s franchises by 2012. He served on the McDonald’s National Leadership Team for 13 years, including the tax policy team, the insurance corporation, and as chairman of the economics team. From 2011 to 2015, he was chairman of the finance committee of the Oklahoma Turnpike Authority.

About Eaton

Eaton Corporation plc (NYSE: ETN) is a global power management company that helps customers manage electrical, hydraulic and mechanical power more safely, efficiently and reliably. Its products and systems serve commercial, industrial, utility, data center, residential, aerospace, vehicle and mobility applications.

The company’s electrical businesses provide circuit protection and control equipment, power distribution systems, connectivity solutions, backup power and other technologies used to support critical infrastructure and improve energy efficiency.