Great Lakes Advisors LLC Acquires Shares of 2,720 Eaton Corporation, PLC $ETN

Great Lakes Advisors LLC purchased a new position in shares of Eaton Corporation, PLC (NYSE:ETN) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 2,720 shares of the industrial products company’s stock, valued at approximately $1,159,000.

Several other institutional investors have also recently made changes to their positions in the company. North Star Investment Management Corp. lifted its stake in Eaton by 0.3% in the first quarter. North Star Investment Management Corp. now owns 8,101 shares of the industrial products company’s stock worth $2,897,000 after acquiring an additional 28 shares during the period. Bogart Wealth LLC increased its position in Eaton by 1.3% during the 1st quarter. Bogart Wealth LLC now owns 2,184 shares of the industrial products company’s stock valued at $781,000 after purchasing an additional 29 shares during the period. Pring Turner Capital Group Inc. raised its holdings in shares of Eaton by 0.3% in the 4th quarter. Pring Turner Capital Group Inc. now owns 10,528 shares of the industrial products company’s stock valued at $3,353,000 after purchasing an additional 30 shares in the last quarter. Ellevest Inc. raised its holdings in shares of Eaton by 2.5% in the 4th quarter. Ellevest Inc. now owns 1,281 shares of the industrial products company’s stock valued at $408,000 after purchasing an additional 31 shares in the last quarter. Finally, Douglass Winthrop Advisors LLC lifted its position in shares of Eaton by 1.2% in the 4th quarter. Douglass Winthrop Advisors LLC now owns 2,613 shares of the industrial products company’s stock worth $832,000 after purchasing an additional 31 shares during the period. Hedge funds and other institutional investors own 82.97% of the company’s stock.

Eaton Stock Up 1.2%

Shares of Eaton stock opened at $420.14 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 market cap of $163.18 billion, a P/E ratio of 42.74, a PEG ratio of 2.65 and a beta of 1.18. The firm’s 50 day moving average price is $417.27 and its 200-day moving average price is $396.09. Eaton Corporation, PLC has a 52-week low of $311.92 and a 52-week high of $478.00.

Eaton (NYSE:ETN) last posted its earnings results on Friday, July 31st. The industrial products company reported $3.15 EPS 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 company had revenue of $8.53 billion during the quarter, compared to analysts’ expectations of $8.16 billion. During the same quarter in the prior year, the company posted $2.95 earnings per share. Eaton’s revenue for the quarter was up 21.4% compared to the same quarter last year. 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, sell-side analysts predict that Eaton Corporation, PLC will post 13.55 EPS for the current fiscal year.

Eaton Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, August 28th. Investors of record on Friday, August 7th will be given a dividend of $1.10 per share. This represents a $4.40 annualized dividend and a yield of 1.0%. The ex-dividend date of this dividend is Friday, August 7th. Eaton’s dividend payout ratio is currently 44.76%.

Insider Activity at Eaton

In other Eaton news, Director Gerald Johnson purchased 130 shares of the firm’s stock in a transaction on Thursday, August 13th. The stock was bought at an average cost of $455.90 per share, for a total transaction of $59,267.00. Following the completion of the purchase, the director owned 1,829 shares in the company, valued at $833,841.10. This represents a 7.65% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Heath B. Monesmith sold 18,036 shares of the firm’s stock in a transaction dated Tuesday, August 11th. The stock was sold at an average price of $458.04, for a total value of $8,261,209.44. Following the completion of the sale, the insider directly owned 50,368 shares of the company’s stock, valued at approximately $23,070,558.72. This represents a 26.37% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 0.10% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on the stock. Barclays increased their price objective 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. Evercore upgraded 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. Wall Street Zen cut Eaton from a “buy” rating to a “hold” rating in a research report on Sunday, August 16th. Sanford C. Bernstein reissued an “outperform” rating on shares of Eaton in a research report on Monday, August 3rd. Finally, Royal Bank Of Canada upped their price objective on Eaton from $484.00 to $512.00 and gave the stock an “outperform” rating in a research note on Monday, August 3rd. Two analysts have rated the stock with a Strong Buy rating, fourteen have given a Buy rating and four have issued a Hold rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $440.89.

More Eaton News

Here are the key news stories impacting Eaton this week:

• Positive Sentiment: Eaton won contracts from BSD Builders to provide emergency power and energy-management technology for 35 California skilled-nursing facilities. The projects are linked to new state resilience requirements and reinforce demand for Eaton’s grid-resilience and backup-power products. Eaton Wins Contracts From BSD Builders to Supply Power-Management Technology to California Healthcare Facilities
• Positive Sentiment: Eaton’s collaboration with Trane Technologies (NYSE: TT) combines electrical infrastructure and thermal-management systems for AI-focused data centers, using a reference design aligned with NVIDIA platforms. The partnership supports the investment thesis that accelerating AI infrastructure spending will drive demand for Eaton’s power-management equipment. Can Trane Technologies plc and Eaton Become Major Winners from the AI Data Center Boom?
• Positive Sentiment: Zacks Research modestly raised its Eaton Q4 2026 EPS forecast to $4.02 from $4.00 and its full-year estimate to $13.49 from $13.47. Although the increases are small, they indicate continued confidence in earnings momentum; the broader consensus is $13.55 per share. Eaton Stock Performance and Earnings Estimates
• Neutral Sentiment: Eaton appointed Shawn Black as president of its Aerospace Group. The leadership change may support execution in the segment, but no immediate financial impact was announced. Eaton Names Shawn Black President, Aerospace
• Negative Sentiment: Several valuation comparisons argue that Eaton trades at a demanding price after its strong multiyear performance. Analysts cited Hubbell’s more attractive valuation and Vestas Wind Systems’ potential value advantage, while a DCF analysis suggested ETN trades above intrinsic value. These concerns could limit upside despite strong secular demand. Eaton vs. Hubbell: Which Electrification Stock Has an Edge?

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.