Peterson Wealth Services Increases Holdings in Eaton Corporation, PLC $ETN

Peterson Wealth Services raised its position in Eaton Corporation, PLC (NYSE:ETN) by 199.6% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 9,293 shares of the industrial products company’s stock after purchasing an additional 6,191 shares during the period. Peterson Wealth Services’ holdings in Eaton were worth $2,960,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Hilton Head Capital Partners LLC purchased a new position in Eaton in the 4th quarter valued at about $26,000. Eagle Bay Advisors LLC purchased a new position in Eaton in the 4th quarter valued at about $29,000. WFA of San Diego LLC purchased a new position in Eaton in the 2nd quarter valued at about $36,000. Imprint Wealth LLC purchased a new position in Eaton in the 3rd quarter valued at about $39,000. Finally, Redmont Wealth Advisors LLC bought a new position in shares of Eaton during the third quarter worth about $40,000. 82.97% of the stock is owned by hedge funds and other institutional investors.

Key Stories Impacting Eaton

Here are the key news stories impacting Eaton this week:

• Positive Sentiment: The Dana transaction supports Eaton’s long-term growth strategy by divesting a non-core business and potentially improving its mix toward faster-growing power management and AI/data-center infrastructure opportunities. Eaton Advances 2030 Growth Strategy with Announcement to Combine Mobility Group with Dana Incorporated
• Positive Sentiment: Analyst sentiment remains constructive, with Erste Group Bank lifting FY2026 and FY2027 earnings estimates and keeping a Buy rating, reinforcing expectations for strong earnings growth. Eaton to Spin Off Mobility Group in Dana Merger
• Positive Sentiment: Separate coverage highlighted Eaton as a winner from the AI data-center buildout, which could continue to support investor optimism around demand for its electrical equipment and power infrastructure products. Vertiv, Eaton seen as top AI data center cooling winners: BNP Paribas
• Neutral Sentiment: Broader market rallies and macro headlines likely helped sentiment across industrial stocks, but these moves were not specific to Eaton’s fundamentals. Update: Wall Street Logs Best Day in 2 Months as Trump Sparks Hope For Iran Deal
• Negative Sentiment: Some investors are still weighing near-term margin pressure, valuation concerns, and the stock’s recent pullback, which may explain why the shares have been volatile despite strong longer-term growth prospects. Eaton slides 5.7% as investors refocus on near-term margin and valuation concerns

Insider Buying and Selling

In other news, Director Gerald Johnson purchased 215 shares of the company’s stock in a transaction on Monday, May 11th. The shares were bought at an average price of $419.02 per share, for a total transaction of $90,089.30. Following the completion of the purchase, the director owned 1,629 shares of the company’s stock, valued at $682,583.58. This trade represents a 15.21% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Heath B. Monesmith sold 18,367 shares of the firm’s stock in a transaction that occurred on Wednesday, May 6th. The shares were sold at an average price of $409.11, for a total transaction of $7,514,123.37. Following the completion of the sale, the insider owned 49,822 shares in the company, valued at $20,382,678.42. The trade was a 26.94% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 21,028 shares of company stock valued at $8,614,793 in the last ninety days. Insiders own 0.10% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on ETN. Citigroup increased their price target on shares of Eaton from $464.00 to $471.00 and gave the stock a “buy” rating in a research report on Wednesday, May 6th. Morgan Stanley reaffirmed an “overweight” rating and set a $500.00 price target on shares of Eaton in a research report on Sunday, May 10th. BMO Capital Markets began coverage on shares of Eaton in a research report on Friday, March 27th. They set an “outperform” rating and a $428.00 price target on the stock. Jefferies Financial Group assumed coverage on shares of Eaton in a research report on Monday, March 16th. They set a “buy” rating and a $430.00 price target on the stock. Finally, Wells Fargo & Company increased their price objective on shares of Eaton from $350.00 to $425.00 and gave the stock an “equal weight” rating in a research note on Wednesday, May 6th. Two research analysts have rated the stock with a Strong Buy rating, fifteen have given a Buy rating and four 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 $420.95.

Eaton Price Performance

ETN opened at $394.44 on Friday. The firm has a market cap of $153.16 billion, a price-to-earnings ratio of 38.56, a price-to-earnings-growth ratio of 2.41 and a beta of 1.19. Eaton Corporation, PLC has a fifty-two week low of $311.92 and a fifty-two week high of $435.43. The company’s 50-day moving average price is $399.50 and its 200 day moving average price is $366.37. The company has a quick ratio of 0.75, a current ratio of 1.19 and a debt-to-equity ratio of 0.94.

Eaton (NYSE:ETN) last released its quarterly earnings data on Tuesday, May 5th. The industrial products company reported $2.81 earnings per share for the quarter, topping the consensus estimate of $2.73 by $0.08. The firm had revenue of $7.45 billion for the quarter, compared to analyst estimates of $7.14 billion. Eaton had a net margin of 13.99% and a return on equity of 24.72%. Eaton’s quarterly revenue was up 16.8% on a year-over-year basis. During the same quarter in the prior year, the business earned $2.72 earnings per share. Eaton has set its Q2 2026 guidance at 3.000-3.100 EPS and its FY 2026 guidance at 13.050-13.500 EPS. As a group, sell-side analysts expect that Eaton Corporation, PLC will post 13.32 earnings per share for the current year.

Eaton Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, May 29th. Shareholders of record on Friday, May 8th were paid a $1.10 dividend. The ex-dividend date was Friday, May 8th. This represents a $4.40 annualized dividend and a dividend yield of 1.1%. Eaton’s dividend payout ratio (DPR) is presently 43.01%.

Eaton Company Profile

Eaton (NYSE: ETN) is a diversified power management company that designs, manufactures and distributes products and systems to manage electrical, hydraulic and mechanical power. The company’s offerings are used to improve energy efficiency, reliability and safety across a wide range of applications, with core capabilities in electrical distribution and control, industrial hydraulics and aerospace systems.

Its product portfolio includes switchgear, circuit breakers, transformers, power distribution units, uninterruptible power supplies and surge protection devices for electrical infrastructure, along with hydraulic pumps, valves and filtration systems for industrial and mobile equipment.