Sequoia Financial Advisors LLC Boosts Stock Position in Eaton Corporation, PLC $ETN

Sequoia Financial Advisors LLC raised its holdings in shares of Eaton Corporation, PLC (NYSE:ETN) by 6.6% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 175,147 shares of the industrial products company’s stock after purchasing an additional 10,831 shares during the quarter. Sequoia Financial Advisors LLC’s holdings in Eaton were worth $74,634,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in the stock. Wellington Management Group LLP raised its position 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 valued at $2,909,235,000 after purchasing an additional 1,120,567 shares in the last quarter. National Pension Service grew its position in shares of Eaton by 3.5% during the 2nd quarter. National Pension Service now owns 864,731 shares of the industrial products company’s stock worth $368,479,000 after buying an additional 29,436 shares in the last quarter. Williams Jones Wealth Management LLC. grew its position in shares of Eaton by 3.3% during the 3rd quarter. Williams Jones Wealth Management LLC. now owns 515,587 shares of the industrial products company’s stock worth $192,958,000 after buying an additional 16,422 shares in the last quarter. Clal Insurance Enterprises Holdings Ltd increased its stake in shares of Eaton by 112.6% during 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. Finally, Silvercrest Asset Management Group LLC raised its holdings in shares of Eaton by 23.1% in the fourth quarter. Silvercrest Asset Management Group LLC now owns 310,859 shares of the industrial products company’s stock valued at $99,012,000 after acquiring an additional 58,281 shares in the last quarter. 82.97% of the stock is currently owned by institutional investors.

Eaton Price Performance

Shares of ETN opened at $415.93 on Thursday. The business’s 50-day moving average is $415.47 and its two-hundred day moving average is $398.96. The company has a market capitalization of $161.55 billion, a P/E ratio of 42.31, a P/E/G ratio of 2.67 and a beta of 1.17. The company has a debt-to-equity ratio of 0.91, a quick ratio of 0.79 and a current ratio of 1.24. Eaton Corporation, PLC has a fifty-two week low of $311.92 and a fifty-two week high of $478.00.

Eaton (NYSE:ETN) last posted its earnings results on Friday, July 31st. The industrial products company reported $3.15 earnings per share (EPS) for the quarter, topping 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 business had revenue of $8.53 billion for the quarter, compared to analyst estimates of $8.16 billion. During the same period in the prior year, the company posted $2.95 EPS. The company’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. Research analysts predict that Eaton Corporation, PLC will post 13.56 earnings per share for the current year.

Eaton Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, August 28th. Investors of record on Friday, August 7th were given a dividend of $1.10 per share. The ex-dividend date was Friday, August 7th. This represents a $4.40 dividend on an annualized basis and a yield of 1.1%. Eaton’s dividend payout ratio (DPR) is presently 44.76%.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on ETN shares. Sanford C. Bernstein reaffirmed an “outperform” rating on shares of Eaton in a research report on Monday, August 3rd. Citigroup upped their target price on Eaton from $471.00 to $485.00 and gave the stock a “buy” rating in a report on Monday, August 3rd. Robert W. Baird set a $500.00 target price on Eaton and gave the company an “outperform” rating in a research report on Thursday, August 20th. Weiss Ratings upgraded Eaton from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Friday, August 28th. Finally, Wall Street Zen lowered Eaton from a “buy” rating to a “hold” rating in a research note on Sunday, August 16th. Three investment analysts have rated the stock with a Strong Buy rating, fifteen have given a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat.com, Eaton presently has a consensus rating of “Buy” and a consensus target price of $450.61.

Insider Buying and Selling

In other news, Director Gerald Johnson purchased 130 shares of the business’s stock in a transaction dated Thursday, August 13th. The stock was acquired at an average price of $455.90 per share, for a total transaction of $59,267.00. Following the acquisition, the director directly owned 1,829 shares of the company’s stock, valued at approximately $833,841.10. This represents a 7.65% increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Adam Wadecki sold 525 shares of the stock in a transaction on Tuesday, August 4th. The stock was sold at an average price of $440.54, for a total value of $231,283.50. Following the transaction, the insider 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 SEC filing for this sale provides additional information. 0.10% of the stock is owned by company insiders.

Eaton Company Profile

Eaton plc is a power management company that helps businesses, utilities, data centers, industrial facilities and other customers manage electrical, hydraulic and mechanical power more safely and efficiently. Its products and systems support power distribution, circuit protection, power quality, backup power, industrial automation and energy management.

The company also supplies aerospace systems, including hydraulic, fuel, motion-control and air-management equipment, as well as components and systems for commercial and military aircraft.