Knights of Columbus Asset Advisors LLC Acquires 1,693 Shares of Eaton Corporation, PLC $ETN

Knights of Columbus Asset Advisors LLC raised its holdings in shares of Eaton Corporation, PLC (NYSE:ETN) by 1,553.2% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 1,802 shares of the industrial products company’s stock after purchasing an additional 1,693 shares during the period. Knights of Columbus Asset Advisors LLC’s holdings in Eaton were worth $574,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. Brighton Jones LLC grew its holdings in shares of Eaton by 1.4% during the fourth quarter. Brighton Jones LLC now owns 3,341 shares of the industrial products company’s stock valued at $1,109,000 after buying an additional 45 shares during the last quarter. Revolve Wealth Partners LLC grew its holdings in shares of Eaton by 17.5% during the fourth quarter. Revolve Wealth Partners LLC now owns 913 shares of the industrial products company’s stock valued at $303,000 after buying an additional 136 shares during the last quarter. Empowered Funds LLC grew its holdings in shares of Eaton by 5.6% during the first quarter. Empowered Funds LLC now owns 9,402 shares of the industrial products company’s stock valued at $2,556,000 after buying an additional 496 shares during the last quarter. Vista Capital Partners Inc. purchased a new stake in shares of Eaton during the second quarter valued at approximately $259,000. Finally, Tandem Wealth Advisors LLC grew its holdings in shares of Eaton by 70.1% during the second quarter. Tandem Wealth Advisors LLC now owns 2,216 shares of the industrial products company’s stock valued at $791,000 after buying an additional 913 shares during the last quarter. Institutional investors own 82.97% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on the stock. BMO Capital Markets assumed coverage on shares of Eaton in a report on Friday, March 27th. They set an “outperform” rating and a $428.00 price target on the stock. Morgan Stanley reiterated an “overweight” rating and set a $500.00 price target on shares of Eaton in a report on Sunday, May 10th. Jefferies Financial Group assumed coverage on shares of Eaton in a report on Monday, March 16th. They set a “buy” rating and a $430.00 price target on the stock. Erste Group Bank assumed coverage on shares of Eaton in a report on Tuesday, May 5th. They set a “buy” rating on the stock. Finally, Citigroup increased their price target on shares of Eaton from $464.00 to $471.00 and gave the company a “buy” rating in a report on Wednesday, May 6th. Two equities research analysts have rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating and four have issued a Hold rating to the stock. According to data from MarketBeat, Eaton has a consensus rating of “Moderate Buy” and an average price target of $420.95.

Insider Buying and Selling at Eaton

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 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 legal filing with the SEC, which is available through this hyperlink. Also, insider Peter Denk sold 2,000 shares of Eaton stock in a transaction on Wednesday, May 6th. The stock was sold at an average price of $417.94, for a total transaction of $835,880.00. Following the transaction, the insider owned 7,102 shares in the company, valued at $2,968,209.88. This represents a 21.97% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 21,028 shares of company stock valued at $8,614,793 in the last quarter. Insiders own 0.10% of the company’s stock.

Eaton Trading Down 0.3%

Shares of ETN stock opened at $400.87 on Friday. Eaton Corporation, PLC has a 12-month low of $311.90 and a 12-month high of $435.43. The company has a current ratio of 1.19, a quick ratio of 0.75 and a debt-to-equity ratio of 0.94. The firm’s 50 day moving average is $391.70 and its 200 day moving average is $362.96. The stock has a market capitalization of $155.66 billion, a P/E ratio of 39.19, a P/E/G ratio of 2.58 and a beta of 1.24.

Eaton (NYSE:ETN) last issued its earnings results on Tuesday, May 5th. The industrial products company reported $2.81 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.73 by $0.08. Eaton had a net margin of 13.99% and a return on equity of 24.72%. The company had revenue of $7.45 billion for the quarter, compared to analysts’ expectations of $7.14 billion. During the same quarter last year, the company posted $2.72 earnings per share. The firm’s quarterly 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. Research analysts expect that Eaton Corporation, PLC will post 13.32 earnings per share for the current year.

Eaton Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, May 29th. Investors of record on Friday, May 8th were issued a $1.10 dividend. The ex-dividend date of this dividend 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 presently 43.01%.

Eaton 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.