1,252 Eaton Corporation, PLC $ETN Shares Sold by State of Alaska Department of Revenue

State of Alaska Department of Revenue lessened its position in Eaton Corporation, PLC (NYSE:ETN) by 3.3% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 36,795 shares of the industrial products company’s stock after selling 1,252 shares during the quarter. State of Alaska Department of Revenue’s holdings in Eaton were worth $15,811,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. Wellington Management Group LLP increased its stake in Eaton by 19.6% during the 2nd quarter. Wellington Management Group LLP now owns 6,827,266 shares of the industrial products company’s stock valued at $2,909,235,000 after purchasing an additional 1,120,567 shares in the last quarter. Clal Insurance Enterprises Holdings Ltd lifted its stake in shares of Eaton by 112.6% during the first quarter. Clal Insurance Enterprises Holdings Ltd now owns 336,060 shares of the industrial products company’s stock worth $120,199,000 after buying an additional 178,000 shares during the period. Munich Reinsurance Co Stock Corp in Munich lifted its stake in shares of Eaton by 24,986.3% during the first quarter. Munich Reinsurance Co Stock Corp in Munich now owns 154,281 shares of the industrial products company’s stock worth $55,182,000 after buying an additional 153,666 shares during the period. Public Employees Retirement System of Ohio acquired a new stake in shares of Eaton during the second quarter worth $64,858,000. Finally, Boston Trust Walden Corp grew its holdings in shares of Eaton by 1,560.4% during the first quarter. Boston Trust Walden Corp now owns 58,793 shares of the industrial products company’s stock valued at $21,028,000 after buying an additional 55,252 shares during the last quarter. 82.97% of the stock is owned by hedge funds and other institutional investors.

Eaton Stock Performance

NYSE ETN traded down $9.24 on Thursday, hitting $399.61. 2,768,939 shares of the company’s stock traded hands, compared to its average volume of 2,508,135. The firm’s 50-day moving average price is $425.12 and its two-hundred day moving average price is $410.06. The firm has a market capitalization of $155.21 billion, a PE ratio of 40.66, a P/E/G ratio of 2.49 and a beta of 1.13. 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.

Eaton (NYSE:ETN) last released its quarterly earnings data on Friday, July 31st. The industrial products company reported $3.15 earnings per share for the quarter, topping 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 firm had revenue of $8.53 billion for the quarter, compared to analyst estimates of $8.16 billion. During the same quarter in the prior year, the business earned $2.95 earnings per share. The business’s quarterly revenue was up 21.4% compared to the same quarter last year. 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 expect that Eaton Corporation, PLC will post 13.57 EPS for the current year.

Eaton Announces Dividend

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

Insiders Place Their Bets

In other Eaton news, insider Adam Wadecki sold 525 shares of Eaton stock in a transaction dated Tuesday, August 4th. The stock was sold at an average price of $440.54, for a total transaction of $231,283.50. Following the completion of the transaction, the insider owned 1,054 shares in the company, valued at approximately $464,329.16. This trade represents a 33.25% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Heath Monesmith sold 18,036 shares of the business’s stock in a transaction dated 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 transaction, the insider directly owned 50,368 shares of the company’s stock, valued at approximately $23,070,558.72. This trade represents a 26.37% decrease in their position. The SEC filing for this sale provides additional information. 0.10% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on ETN. Royal Bank Of Canada upped their target price on Eaton from $512.00 to $526.00 and gave the company an “outperform” rating in a research report on Wednesday. BMO Capital Markets lifted their price target on Eaton from $477.00 to $487.00 and gave the stock an “outperform” rating in a research report on Monday, August 3rd. Citigroup lifted their price target on Eaton from $485.00 to $498.00 and gave the stock a “buy” rating in a research report on Monday. UBS Group upgraded Eaton from a “neutral” rating to a “buy” rating and boosted their price target for the company from $450.00 to $515.00 in a research note on Monday, September 7th. Finally, BNP Paribas Exane increased their price objective on Eaton from $490.00 to $500.00 and gave the company an “outperform” rating in a report on Monday, August 3rd. One research analyst has rated the stock with a Strong Buy rating, twenty-one have given a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat, Eaton has an average rating of “Moderate Buy” and an average price target of $481.41.

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.