Eaton Corporation, PLC $ETN Shares Newly Acquired by ASK Capital Investment Managers LLC

ASK Capital Investment Managers LLC purchased a new position in shares of Eaton Corporation, PLC (NYSE:ETN) during the third quarter, HoldingsChannel.com reports. The fund purchased 8,167 shares of the industrial products company’s stock, valued at approximately $3,509,000. Eaton accounts for 3.9% of ASK Capital Investment Managers LLC’s portfolio, making the stock its 11th biggest position.

Other institutional investors have also modified their holdings of 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 worth $2,909,235,000 after purchasing an additional 1,120,567 shares in the last quarter. National Pension Service lifted its stake in Eaton by 3.5% in the second quarter. National Pension Service now owns 864,731 shares of the industrial products company’s stock valued at $368,479,000 after buying an additional 29,436 shares in the last quarter. Clal Insurance Enterprises Holdings Ltd boosted its holdings in shares of Eaton by 112.6% in the first quarter. Clal Insurance Enterprises Holdings Ltd now owns 336,060 shares of the industrial products company’s stock valued at $120,199,000 after buying an additional 178,000 shares during the period. Bartlett & CO. Wealth Management LLC increased its position in shares of Eaton by 12.1% during the first quarter. Bartlett & CO. Wealth Management LLC now owns 266,845 shares of the industrial products company’s stock worth $95,442,000 after acquiring an additional 28,815 shares in the last quarter. Finally, TD Waterhouse Canada Inc. raised its holdings in shares of Eaton by 6.7% during the second quarter. TD Waterhouse Canada Inc. now owns 188,970 shares of the industrial products company’s stock worth $77,973,000 after acquiring an additional 11,804 shares during the period. Institutional investors own 82.97% of the company’s stock.

Insider Activity at Eaton

In related news, insider Adam A. Wadecki sold 525 shares of the stock in a transaction that occurred on 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 directly owned 1,054 shares of the company’s stock, valued at approximately $464,329.16. This represents a 33.25% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Heath B. Monesmith sold 18,036 shares of the 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 transaction, the insider directly owned 50,368 shares of the company’s stock, valued at $23,070,558.72. This trade represents a 26.37% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 0.10% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on ETN shares. Wells Fargo & Company assumed coverage on shares of Eaton in a research report on Thursday, September 24th. They issued an “overweight” rating and a $503.00 price objective on the stock. Robert W. Baird set a $500.00 target price on Eaton and gave the stock an “outperform” rating in a report on Thursday, August 20th. Evercore lifted their price target on Eaton from $502.00 to $515.00 and gave the company an “outperform” rating in a research note on Tuesday, August 11th. 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 report on Monday, September 7th. Finally, Weiss Ratings raised Eaton from a “buy (b-)” rating to a “buy (b)” rating in a research report on Thursday, October 8th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $480.77.

Eaton Stock Performance

Shares of ETN opened at $428.66 on Wednesday. The stock has a market capitalization of $166.49 billion, a price-to-earnings ratio of 43.61, a PEG ratio of 2.48 and a beta of 1.13. Eaton Corporation, PLC has a 12 month low of $311.92 and a 12 month high of $478.00. The firm has a fifty day simple moving average of $425.90 and a 200 day simple moving average of $409.70. 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 (NYSE:ETN) last issued its quarterly earnings results on Friday, July 31st. The industrial products company reported $3.15 earnings per share (EPS) for the quarter, beating the consensus estimate 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 period in the previous year, the business earned $2.95 EPS. The company’s 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. Research analysts forecast that Eaton Corporation, PLC will post 13.57 EPS for the current fiscal year.

Eaton Announces Dividend

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