Trust Co. of Vermont Invests $23.03 Million in Eaton Corporation, PLC $ETN

Trust Co. of Vermont purchased a new stake in shares of Eaton Corporation, PLC (NYSE:ETN) during the 2nd quarter, Holdings Channel.com reports. The fund purchased 54,039 shares of the industrial products company’s stock, valued at approximately $23,027,000.

Other institutional investors have also recently bought and sold shares of the company. Williams Jones Wealth Management LLC. raised its position in shares of Eaton by 3.3% during the third quarter. Williams Jones Wealth Management LLC. now owns 515,587 shares of the industrial products company’s stock worth $192,958,000 after acquiring an additional 16,422 shares during the last quarter. Clal Insurance Enterprises Holdings Ltd increased its position in 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 worth $120,199,000 after purchasing an additional 178,000 shares during the period. Silvercrest Asset Management Group LLC raised its holdings in Eaton by 23.1% during the 4th quarter. Silvercrest Asset Management Group LLC now owns 310,859 shares of the industrial products company’s stock worth $99,012,000 after purchasing an additional 58,281 shares during the last quarter. PFA Pension Forsikringsaktieselskab bought a new stake in Eaton during the 4th quarter worth about $97,989,000. Finally, Bartlett & CO. Wealth Management LLC lifted its position in Eaton by 12.1% during the 1st quarter. Bartlett & CO. Wealth Management LLC now owns 266,845 shares of the industrial products company’s stock valued at $95,442,000 after purchasing an additional 28,815 shares during the period. Institutional investors own 82.97% of the company’s stock.

Insider Activity

In other news, Director Dorothy C. Thompson sold 167 shares of Eaton stock in a transaction on Friday, May 22nd. The shares were sold at an average price of $385.00, for a total transaction of $64,295.00. Following the transaction, the director directly owned 1,096 shares of the company’s stock, valued at $421,960. This trade represents a 13.22% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Gerald Johnson purchased 130 shares of the firm’s stock in a transaction dated Thursday, August 13th. The stock was purchased at an average cost of $455.90 per share, with a total value of $59,267.00. Following the acquisition, the director directly owned 1,829 shares in the company, valued at $833,841.10. This trade represents a 7.65% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. In the last three months, insiders sold 18,728 shares of company stock valued at $8,556,788. 0.10% of the stock is owned by company insiders.

Analyst Ratings Changes

Several brokerages have recently commented on ETN. JPMorgan Chase & Co. lifted their price target on shares of Eaton from $406.00 to $445.00 and gave the stock an “overweight” rating in a research report on Wednesday, May 6th. Citigroup increased their price objective on shares of Eaton from $471.00 to $485.00 and gave the company a “buy” rating in a report on Monday, August 3rd. Royal Bank Of Canada raised their price objective on shares of Eaton from $484.00 to $512.00 and gave the company an “outperform” rating in a research note on Monday, August 3rd. Evercore raised shares of Eaton from an “in-line” rating to an “outperform” rating and set a $502.00 target price for the company in a report on Monday, August 3rd. Finally, Barclays upped their target price on shares of Eaton from $340.00 to $392.00 and gave the company an “equal weight” rating in a research report on Wednesday, May 6th. Two equities research analysts have rated the stock with a Strong Buy rating, thirteen have given a Buy rating and five have given a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $431.78.

Eaton Price Performance

Eaton stock opened at $457.04 on Tuesday. The company has a current ratio of 1.24, a quick ratio of 0.79 and a debt-to-equity ratio of 0.91. The firm has a market capitalization of $177.51 billion, a P/E ratio of 46.49, a PEG ratio of 2.86 and a beta of 1.18. The business has a 50-day moving average of $414.72 and a 200-day moving average of $394.38. Eaton Corporation, PLC has a 1 year low of $311.92 and a 1 year high of $478.00.

Eaton (NYSE:ETN) last announced its quarterly earnings results on Friday, July 31st. The industrial products company reported $3.15 earnings per share for the quarter, beating analysts’ consensus estimates of $3.08 by $0.07. Eaton had a net margin of 12.75% and a return on equity of 24.58%. The business had revenue of $8.53 billion for the quarter, compared to the consensus estimate of $8.16 billion. During the same period last year, the company posted $2.95 EPS. Eaton’s revenue for the quarter 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. On average, equities analysts anticipate that Eaton Corporation, PLC will post 13.54 EPS for the current year.

Eaton Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, August 28th. Shareholders of record on Friday, August 7th will be issued a $1.10 dividend. The ex-dividend date is Friday, August 7th. This represents a $4.40 annualized dividend and a yield of 1.0%. Eaton’s dividend payout ratio (DPR) is 44.76%.

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.