Eaton Corporation, PLC $ETN Shares Sold by Klingenstein Fields & Co. LP

Klingenstein Fields & Co. LP lessened its holdings in Eaton Corporation, PLC (NYSE:ETN) by 2.4% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 89,982 shares of the industrial products company’s stock after selling 2,196 shares during the quarter. Klingenstein Fields & Co. LP’s holdings in Eaton were worth $28,660,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently bought and sold shares of ETN. Hilton Head Capital Partners LLC acquired a new position in Eaton in the 4th quarter worth approximately $26,000. Sfam LLC acquired a new position in Eaton in the 4th quarter worth approximately $27,000. Eagle Bay Advisors LLC acquired a new position in Eaton in the 4th quarter worth approximately $29,000. WFA of San Diego LLC acquired a new stake in shares of Eaton during the 2nd quarter worth approximately $36,000. Finally, Imprint Wealth LLC acquired a new stake in shares of Eaton during the 3rd quarter worth approximately $39,000. Institutional investors and hedge funds own 82.97% of the company’s stock.

Key Stories Impacting Eaton

Here are the key news stories impacting Eaton this week:

• Positive Sentiment: Analysts and market commentary called the deal “transformative” for Dana and potentially value-enhancing for Eaton, with the combined business expected to generate about $250 million in run-rate synergies within 24 months. Dana’s Merger With Eaton Mobility Unit ‘Transformative,’ RBC Says
• Positive Sentiment: The transaction supports Eaton’s 2030 growth strategy by sharpening the company’s focus on electrical infrastructure and aerospace, two areas investors see as better positioned to benefit from data center and electrification demand. Eaton Advances 2030 Growth Strategy with Announcement to Combine Mobility Group with Dana Incorporated
• Positive Sentiment: Recent analyst updates remained constructive, with Erste Group Bank nudging up earnings estimates and keeping a Buy rating, reinforcing the view that Eaton’s core businesses still have solid earnings momentum. MarketBeat ETN coverage
• Neutral Sentiment: Some coverage focused on the stock’s recent volatility, noting ETN had fallen sharply over two days before the deal news drew fresh investor interest. Dana to combine with Eaton mobility unit in $5.1 billion deal

Eaton Trading Down 0.5%

Shares of NYSE:ETN opened at $391.75 on Friday. Eaton Corporation, PLC has a 1 year low of $311.92 and a 1 year high of $435.43. The firm has a market capitalization of $152.11 billion, a price-to-earnings ratio of 38.29, a price-to-earnings-growth ratio of 2.53 and a beta of 1.19. The company has a debt-to-equity ratio of 0.94, a current ratio of 1.19 and a quick ratio of 0.75. The business’s 50 day moving average price is $400.01 and its 200-day moving average price is $366.55.

Eaton (NYSE:ETN) last announced its earnings results on Tuesday, May 5th. The industrial products company reported $2.81 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.73 by $0.08. Eaton had a return on equity of 24.72% and a net margin of 13.99%.The firm had revenue of $7.45 billion for the quarter, compared to analyst estimates of $7.14 billion. During the same quarter last year, the firm posted $2.72 EPS. The business’s revenue was up 16.8% on a year-over-year basis. Eaton has set its Q2 2026 guidance at 3.000-3.100 EPS and its FY 2026 guidance at 13.050-13.500 EPS. On average, equities research analysts forecast that Eaton Corporation, PLC will post 13.32 earnings per share for the current fiscal year.

Eaton Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, May 29th. Stockholders of record on Friday, May 8th were given a dividend of $1.10 per share. The ex-dividend date was Friday, May 8th. This represents a $4.40 dividend on an annualized basis and a dividend yield of 1.1%. Eaton’s dividend payout ratio (DPR) is 43.01%.

Wall Street Analysts Forecast Growth

ETN has been the topic of a number of analyst reports. Evercore set a $453.00 price objective on shares of Eaton in a research note on Monday, May 11th. Citigroup raised their price objective on shares of Eaton from $464.00 to $471.00 and gave the stock a “buy” rating in a research note on Wednesday, May 6th. Barclays raised their price objective on shares of Eaton from $340.00 to $392.00 and gave the stock an “equal weight” rating in a research note on Wednesday, May 6th. BMO Capital Markets assumed coverage on shares of Eaton in a research note on Friday, March 27th. They set an “outperform” rating and a $428.00 price objective on the stock. Finally, Erste Group Bank assumed coverage on Eaton in a research note on Tuesday, May 5th. They issued a “buy” rating for the company. Two equities research analysts have rated the stock with a Strong Buy rating, fifteen have given a Buy rating and four have issued a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $420.95.

Insider Activity

In other news, Director Dorothy C. Thompson sold 167 shares of the stock in a transaction that occurred on Friday, May 22nd. The stock was sold at an average price of $385.00, for a total transaction of $64,295.00. Following the transaction, the director owned 1,096 shares in the company, valued at $421,960. This trade represents a 13.22% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Heath B. Monesmith sold 18,367 shares of the firm’s stock in a transaction on Wednesday, May 6th. The shares were sold at an average price of $409.11, for a total value of $7,514,123.37. Following the completion of the transaction, 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. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders have sold 21,028 shares of company stock worth $8,614,793. Insiders own 0.10% of the company’s stock.

About Eaton

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.