4,688 Shares in Eaton Corporation, PLC $ETN Purchased by Dearborn Partners LLC

Dearborn Partners LLC bought a new position in shares of Eaton Corporation, PLC (NYSE:ETN) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 4,688 shares of the industrial products company’s stock, valued at approximately $1,998,000.

Several other institutional investors and hedge funds also recently bought and sold shares of the company. Public Employees Retirement System of Ohio purchased a new stake in shares of Eaton during the 2nd quarter valued at approximately $64,858,000. First Bancorp Inc ME purchased a new position in Eaton in the second quarter worth approximately $2,054,000. Jones Financial Companies Lllp acquired a new stake in Eaton during the second quarter worth $2,490,000. Front Street Capital Management Inc. acquired a new stake in Eaton during the second quarter worth $303,000. Finally, Manning & Napier Advisors LLC purchased a new stake in Eaton in the second quarter valued at $27,000. 82.97% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

ETN has been the subject of a number of research analyst reports. JPMorgan Chase & Co. increased their price target on Eaton from $406.00 to $445.00 and gave the stock an “overweight” rating in a report on Wednesday, May 6th. Erste Group Bank initiated coverage on shares of Eaton in a report on Tuesday, May 5th. They issued a “buy” rating on the stock. Wells Fargo & Company increased their target price 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. Royal Bank Of Canada lifted their price target on shares of Eaton from $484.00 to $512.00 and gave the company an “outperform” rating in a research report on Monday, August 3rd. Finally, Barclays boosted their price target on shares of Eaton from $340.00 to $392.00 and gave the company an “equal weight” rating in a research note on Wednesday, May 6th. Three investment analysts have rated the stock with a Strong Buy rating, thirteen have given a Buy rating and four have given a Hold rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $440.89.

Eaton Stock Down 0.8%

Shares of Eaton stock opened at $416.07 on Friday. The company has a quick ratio of 0.79, a current ratio of 1.24 and a debt-to-equity ratio of 0.91. The company has a 50 day moving average of $417.41 and a 200 day moving average of $397.74. The company has a market capitalization of $161.60 billion, a P/E ratio of 42.33, a P/E/G ratio of 2.65 and a beta of 1.18. Eaton Corporation, PLC has a 52-week low of $311.92 and a 52-week high of $478.00.

Eaton (NYSE:ETN) last issued its earnings results on Friday, July 31st. The industrial products company reported $3.15 earnings per share for the quarter, topping the consensus estimate of $3.08 by $0.07. The business had revenue of $8.53 billion for the quarter, compared to analyst estimates of $8.16 billion. Eaton had a return on equity of 24.58% and a net margin of 12.75%.The business’s quarterly revenue was up 21.4% on a year-over-year basis. During the same quarter last year, the company earned $2.95 EPS. 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, research analysts forecast that Eaton Corporation, PLC will post 13.55 EPS for the current fiscal year.

Eaton Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, August 28th. Stockholders 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 dividend yield of 1.1%. Eaton’s dividend payout ratio is presently 44.76%.

Insider Activity at Eaton

In related news, insider Adam A. Wadecki sold 525 shares of the stock in a transaction on Tuesday, August 4th. The shares were sold at an average price of $440.54, for a total value of $231,283.50. Following the transaction, the insider directly owned 1,054 shares of the company’s stock, valued at $464,329.16. This trade represents a 33.25% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Gerald Johnson purchased 130 shares of the business’s stock in a transaction that occurred on Thursday, August 13th. The shares were bought at an average price of $455.90 per share, for a total transaction of $59,267.00. Following the completion of the purchase, the director directly owned 1,829 shares in the company, valued at $833,841.10. This represents a 7.65% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. 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.