Icon Wealth Advisors LLC Purchases 2,490 Shares of Eaton Corporation, PLC $ETN

Icon Wealth Advisors LLC increased its position in Eaton Corporation, PLC (NYSE:ETN) by 17.5% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 16,733 shares of the industrial products company’s stock after purchasing an additional 2,490 shares during the period. Icon Wealth Advisors LLC’s holdings in Eaton were worth $5,380,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of ETN. Hilton Head Capital Partners LLC bought a new position in Eaton during the 4th quarter valued at $26,000. Sfam LLC bought a new position in Eaton during the 4th quarter valued at $27,000. Eagle Bay Advisors LLC bought a new position in Eaton during the 4th quarter valued at $29,000. WFA of San Diego LLC bought a new position in Eaton during the 2nd quarter valued at $36,000. Finally, Imprint Wealth LLC bought a new position in Eaton during the 3rd quarter valued at $39,000. 82.97% of the stock is currently owned by institutional investors.

Eaton Trading Down 0.5%

Shares of Eaton stock 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 cap of $152.11 billion, a PE ratio of 38.29, a P/E/G ratio of 2.52 and a beta of 1.19. The stock has a fifty day moving average price of $400.01 and a 200-day moving average price of $366.55. The company has a debt-to-equity ratio of 0.94, a current ratio of 1.19 and a quick ratio of 0.75.

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 the consensus estimate 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 during the quarter, compared to analyst estimates of $7.14 billion. During the same period last year, the firm posted $2.72 EPS. The business’s revenue was up 16.8% compared to the same quarter last year. Eaton has set its Q2 2026 guidance at 3.000-3.100 EPS and its FY 2026 guidance at 13.050-13.500 EPS. Equities research analysts anticipate that Eaton Corporation, PLC will post 13.32 EPS for the current 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 of this dividend was Friday, May 8th. This represents a $4.40 annualized dividend and a dividend yield of 1.1%. Eaton’s dividend payout ratio (DPR) is currently 43.01%.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on ETN shares. BMO Capital Markets started coverage on Eaton in a research note on Friday, March 27th. They set an “outperform” rating and a $428.00 price objective on the stock. JPMorgan Chase & Co. raised their price objective on Eaton from $406.00 to $445.00 and gave the company an “overweight” rating in a research note on Wednesday, May 6th. Citigroup raised their price objective on Eaton from $464.00 to $471.00 and gave the company a “buy” rating in a research note on Wednesday, May 6th. Evercore set a $453.00 price objective on Eaton in a research note on Monday, May 11th. Finally, Wells Fargo & Company raised their price objective on Eaton from $350.00 to $425.00 and gave the company an “equal weight” rating in a research note on Wednesday, May 6th. Two analysts have rated the stock with a Strong Buy rating, fifteen have issued a Buy rating and four have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $420.95.

Insider Buying and Selling

In related news, insider Heath B. Monesmith sold 18,367 shares of Eaton stock in a transaction dated Wednesday, May 6th. The stock was sold at an average price of $409.11, for a total value of $7,514,123.37. Following the completion of the sale, the insider owned 49,822 shares of the company’s stock, valued at approximately $20,382,678.42. This trade represents a 26.94% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Gerald Johnson acquired 215 shares of the firm’s stock in a transaction that occurred on Monday, May 11th. The stock was purchased at an average cost of $419.02 per share, with a total value of $90,089.30. Following the acquisition, the director owned 1,629 shares in the company, valued at $682,583.58. The trade was a 15.21% increase in their position. The SEC filing for this purchase provides additional information. Insiders have sold a total of 21,028 shares of company stock worth $8,614,793 in the last quarter. 0.10% of the stock is currently owned by company insiders.

Key Eaton News

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

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.