1,387 Shares in Eaton Corporation, PLC $ETN Bought by IKE Capital LLC

IKE Capital LLC acquired a new stake in shares of Eaton Corporation, PLC (NYSE:ETN) in the second quarter, HoldingsChannel.com reports. The firm acquired 1,387 shares of the industrial products company’s stock, valued at approximately $591,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. Clal Insurance Enterprises Holdings Ltd lifted its stake in shares of Eaton by 239,384.8% in the 4th quarter. Clal Insurance Enterprises Holdings Ltd now owns 158,060 shares of the industrial products company’s stock worth $50,344,000 after purchasing an additional 157,994 shares during the period. Pioneer Trust Bank N A OR grew its position in Eaton by 669.1% during the fourth quarter. Pioneer Trust Bank N A OR now owns 6,230 shares of the industrial products company’s stock valued at $1,984,000 after buying an additional 5,420 shares during the period. Burling Wealth Partners LLC grew its position in Eaton by 63.0% during the fourth quarter. Burling Wealth Partners LLC now owns 11,296 shares of the industrial products company’s stock valued at $3,598,000 after buying an additional 4,366 shares during the period. Entropy Technologies LP purchased a new stake in Eaton during the fourth quarter valued at approximately $14,786,000. Finally, S&CO Inc. bought a new position in Eaton in the second quarter worth approximately $3,824,000. 82.97% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Eaton

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 stock was sold at an average price of $458.04, for a total transaction of $8,261,209.44. Following the completion of the transaction, the insider owned 50,368 shares in the company, valued at $23,070,558.72. This trade represents a 26.37% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, Director Gerald Johnson acquired 130 shares of Eaton 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 purchase, the director owned 1,829 shares in the company, valued at approximately $833,841.10. The trade was a 7.65% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Insiders own 0.10% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on ETN shares. Citigroup lifted their price target 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 target price on the stock in a report on Monday, August 3rd. Morgan Stanley raised their price target on Eaton from $500.00 to $520.00 and gave the company an “overweight” rating in a report on Friday, August 28th. Wall Street Zen downgraded Eaton from a “buy” rating to a “hold” rating in a research report on Sunday, August 16th. Finally, Robert W. Baird set a $500.00 price objective on Eaton and gave the stock an “outperform” rating in a research note on Thursday, August 20th. Two research analysts have rated the stock with a Strong Buy rating, fourteen have given a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Buy” and a consensus price target of $451.62.

Eaton Price Performance

Shares of ETN stock traded up $5.85 during mid-day trading on Wednesday, hitting $398.25. The company had a trading volume of 1,810,395 shares, compared to its average volume of 2,559,854. The company has a debt-to-equity ratio of 0.91, a current ratio of 1.24 and a quick ratio of 0.79. The stock’s 50 day moving average price is $415.73 and its 200-day moving average price is $399.93. Eaton Corporation, PLC has a 52-week low of $311.92 and a 52-week high of $478.00. The company has a market capitalization of $154.68 billion, a P/E ratio of 40.51, a P/E/G ratio of 2.48 and a beta of 1.17.

Eaton (NYSE:ETN) last posted its earnings results on Friday, July 31st. The industrial products company reported $3.15 earnings per share for the quarter, beating the consensus estimate of $3.08 by $0.07. The company had revenue of $8.53 billion during the quarter, compared to analysts’ expectations of $8.16 billion. Eaton had a net margin of 12.75% and a return on equity of 24.58%. Eaton’s quarterly revenue was up 21.4% on a year-over-year basis. During the same period last year, the company posted $2.95 earnings per share. Eaton has set its Q3 2026 guidance at 3.460-3.560 EPS and its FY 2026 guidance at 13.400-13.600 EPS. Equities research analysts forecast that Eaton Corporation, PLC will post 13.56 earnings per share for the current year.

Eaton Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, August 28th. Stockholders of record on Friday, August 7th were given 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 1.1%. Eaton’s dividend payout ratio (DPR) is presently 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.