Envestnet Portfolio Solutions Inc. Purchases 3,638 Shares of Eaton Corporation, PLC $ETN

Envestnet Portfolio Solutions Inc. lifted its position in Eaton Corporation, PLC (NYSE:ETN) by 5.5% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 69,297 shares of the industrial products company’s stock after buying an additional 3,638 shares during the period. Envestnet Portfolio Solutions Inc.’s holdings in Eaton were worth $29,529,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently bought and sold shares of the company. Security National Bank of SO Dak purchased a new position in shares of Eaton in the second quarter worth approximately $26,000. Wellington Altus USA Inc. increased its holdings in Eaton by 180.4% during the second quarter. Wellington Altus USA Inc. now owns 157 shares of the industrial products company’s stock valued at $67,000 after buying an additional 101 shares during the last quarter. IKE Capital LLC bought a new position in Eaton in the second quarter worth approximately $591,000. Anchor Investment Management LLC raised its position in Eaton by 13.5% in the second quarter. Anchor Investment Management LLC now owns 1,211 shares of the industrial products company’s stock worth $516,000 after acquiring an additional 144 shares during the period. Finally, Smith Chas P & Associates PA Cpas purchased a new position in shares of Eaton during the 2nd quarter worth $232,000. Hedge funds and other institutional investors own 82.97% of the company’s stock.

Key Eaton News

Here are the key news stories impacting Eaton this week:

• Positive Sentiment: Eaton announced expanded aerospace aftermarket capabilities in Asia-Pacific, including a new FAA certification for its Eaton Aero Services joint venture with SIA Engineering and Singapore investments supported by the Economic Development Board. The initiatives could strengthen Eaton’s aerospace services presence and provide longer-term growth opportunities. Eaton announces the expansion of aerospace aftermarket capabilities across Asia-Pacific
• Positive Sentiment: Zacks Research raised its Eaton estimates for second-quarter 2027 EPS to $3.93 from $3.92, third-quarter EPS to $4.26 from $4.21, and full-year 2027 EPS to $15.83 from $15.80. The revisions indicate modestly improved expectations for future earnings. Eaton analyst earnings estimates
• Neutral Sentiment: Value-focused coverage comparing Eaton with Vestas Wind Systems asks which stock offers the better opportunity. The discussion may draw attention to Eaton’s strong business prospects but also to its premium valuation, with the stock trading at roughly 45 times earnings. VWDRY or ETN: Which Is the Better Value Stock Right Now?
• Neutral Sentiment: A separate comparison with Vertiv highlights Eaton’s exposure to data-center power demand but concludes that Vertiv offers a more direct AI-infrastructure opportunity, supported by stronger growth and raised guidance. This could temper enthusiasm for ETN despite its participation in the data-center trend. Eaton vs. Vertiv: Which Data Center Power Stock Has an Edge?
• Negative Sentiment: Zacks Research slightly reduced its fourth-quarter 2027 EPS forecast for Eaton to $4.18 from $4.21. Although the change is small, it introduces a modestly negative signal amid elevated investor expectations. Eaton analyst earnings estimates

Insider Activity

In related news, Director Gerald Johnson acquired 130 shares of the company’s stock in a transaction on Thursday, August 13th. The stock was acquired at an average price of $455.90 per share, with a total value of $59,267.00. Following the acquisition, the director directly owned 1,829 shares of the company’s stock, valued at approximately $833,841.10. This trade represents a 7.65% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available through this link. Also, insider Heath B. Monesmith sold 18,036 shares of Eaton stock in a transaction dated Tuesday, August 11th. The stock was 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 SEC filing for this sale provides additional information. Company insiders own 0.10% of the company’s stock.

Eaton Price Performance

Shares of ETN stock traded down $4.32 on Wednesday, hitting $438.17. 1,786,977 shares of the stock traded hands, compared to its average volume of 2,561,378. 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 52 week low of $311.92 and a 52 week high of $478.00. The firm has a 50 day simple moving average of $417.31 and a two-hundred day simple moving average of $401.86. The firm has a market cap of $170.19 billion, a price-to-earnings ratio of 44.58, a PEG ratio of 2.64 and a beta of 1.17.

Eaton (NYSE:ETN) last posted its quarterly 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 return on equity of 24.58% and a net margin of 12.75%.The business had revenue of $8.53 billion for the quarter, compared to analysts’ expectations of $8.16 billion. During the same period last year, the firm earned $2.95 earnings per share. The business’s quarterly revenue 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, equities research analysts predict that Eaton Corporation, PLC will post 13.56 earnings per share for the current fiscal year.

Eaton Dividend Announcement

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

Analysts Set New Price Targets

ETN has been the subject of a number of recent research reports. Robert W. Baird set a $500.00 price objective on shares of Eaton and gave the company an “outperform” rating in a research report on Thursday, August 20th. Evercore upgraded Eaton from an “in-line” rating to an “outperform” rating and set a $502.00 target price on the stock in a research report on Monday, August 3rd. Royal Bank Of Canada boosted their price target on Eaton from $484.00 to $512.00 and gave the company an “outperform” rating in a report on Monday, August 3rd. Morgan Stanley raised their price objective on Eaton from $500.00 to $520.00 and gave the stock an “overweight” rating in a research note on Friday, August 28th. Finally, Citigroup lifted their price objective on Eaton from $471.00 to $485.00 and gave the company a “buy” rating in a research report on Monday, August 3rd. Two analysts have rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and two have issued a Hold rating to the company. According to MarketBeat.com, Eaton presently has an average rating of “Buy” and an average price target of $451.62.

Eaton 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.