Eaton Corporation, PLC $ETN Shares Purchased by Salem Investment Counselors Inc.

Salem Investment Counselors Inc. boosted its holdings in shares of Eaton Corporation, PLC (NYSE:ETN) by 3.9% in the third quarter, Holdings Channel.com reports. The fund owned 35,391 shares of the industrial products company’s stock after acquiring an additional 1,340 shares during the quarter. Salem Investment Counselors Inc.’s holdings in Eaton were worth $15,208,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of ETN. Security National Bank of SO Dak bought a new stake in shares of Eaton during the second quarter worth $26,000. Manning & Napier Advisors LLC bought a new position in shares of Eaton in the second quarter worth about $27,000. North Point Portfolio Managers Corp OH bought a new position in shares of Eaton in the third quarter worth about $34,000. Archer Investment Corp purchased a new position in Eaton in the 2nd quarter worth about $35,000. Finally, Gunpowder Capital Management LLC dba Oliver Wealth Management bought a new stake in Eaton during the 4th quarter valued at about $28,000. Hedge funds and other institutional investors own 82.97% of the company’s stock.

Insider Activity at Eaton

In other Eaton news, Director Gerald Johnson acquired 130 shares of Eaton stock in a transaction that occurred on Thursday, August 13th. The stock was bought at an average price of $455.90 per share, with a total value of $59,267.00. Following the completion of the purchase, the director directly owned 1,829 shares of the company’s stock, valued at approximately $833,841.10. This represents a 7.65% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Adam Wadecki sold 525 shares of the company’s stock in a transaction on Tuesday, August 4th. The stock was 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 approximately $464,329.16. This represents a 33.25% decrease in their position. The disclosure for this sale is available in the SEC filing. 0.10% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

Several equities research analysts have issued reports on ETN shares. Raymond James Financial boosted their price objective on shares of Eaton from $465.00 to $525.00 and gave the company an “outperform” rating in a research report on Wednesday, August 5th. HSBC raised their target price on shares of Eaton from $440.00 to $460.00 and gave the stock a “buy” rating in a research report on Monday, August 3rd. BMO Capital Markets lifted their price target on shares of Eaton from $477.00 to $487.00 and gave the company an “outperform” rating in a research note on Monday, August 3rd. Wells Fargo & Company began coverage on Eaton in a report on Thursday, September 24th. They issued an “overweight” rating and a $503.00 price target for the company. Finally, Morgan Stanley raised their price objective on Eaton from $500.00 to $520.00 and gave the stock an “overweight” rating in a report on Friday, August 28th. One investment analyst has rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $480.77.

Eaton Stock Up 0.5%

NYSE:ETN opened at $428.66 on Wednesday. The company has a debt-to-equity ratio of 0.91, a current ratio of 1.24 and a quick ratio of 0.79. Eaton Corporation, PLC has a 1-year low of $311.92 and a 1-year high of $478.00. The company has a 50-day moving average of $425.90 and a 200 day moving average of $409.70. The firm has a market cap of $166.49 billion, a PE ratio of 43.61, a price-to-earnings-growth ratio of 2.48 and a beta of 1.13.

Eaton (NYSE:ETN) last posted its earnings results on Friday, July 31st. The industrial products company reported $3.15 EPS for the quarter, beating analysts’ consensus estimates of $3.08 by $0.07. Eaton had a net margin of 12.75% and a return on equity of 24.58%. The business had revenue of $8.53 billion for the quarter, compared to the consensus estimate of $8.16 billion. During the same quarter last year, the firm posted $2.95 EPS. The company’s revenue for the quarter was up 21.4% on a year-over-year basis. 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, research analysts anticipate that Eaton Corporation, PLC will post 13.57 EPS for the current fiscal year.

Eaton Announces Dividend

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

Eaton Company Profile

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.