Jones Financial Companies Lllp Takes $2.49 Million Position in Eaton Corporation, PLC $ETN

Jones Financial Companies Lllp bought a new position in shares of Eaton Corporation, PLC (NYSE:ETN) during the second quarter, according to its most recent Form 13F filing with the SEC. The fund bought 5,844 shares of the industrial products company’s stock, valued at approximately $2,490,000.

A number of other large investors have also added to or reduced their stakes in the business. Hilton Head Capital Partners LLC acquired a new position in Eaton in the 4th quarter valued at about $26,000. Manning & Napier Advisors LLC bought a new stake in shares of Eaton during the second quarter worth approximately $27,000. Sfam LLC acquired a new position in shares of Eaton in the fourth quarter valued at approximately $27,000. Gunpowder Capital Management LLC dba Oliver Wealth Management bought a new position in shares of Eaton during the fourth quarter worth approximately $28,000. Finally, Boreal Capital Management LLC acquired a new stake in Eaton during the 1st quarter worth approximately $33,000. Institutional investors own 82.97% of the company’s stock.

Wall Street Analysts Forecast Growth

ETN has been the topic of a number of research reports. Robert W. Baird set a $500.00 price objective on Eaton and gave the company an “outperform” rating in a report on Thursday. Erste Group Bank initiated coverage on Eaton in a report on Tuesday, May 5th. They set a “buy” rating for the company. Morgan Stanley reissued an “overweight” rating and issued a $500.00 target price on shares of Eaton in a research report on Sunday, May 10th. Sanford C. Bernstein reaffirmed an “outperform” rating on shares of Eaton in a research report on Monday, August 3rd. Finally, Citigroup lifted their price objective on shares of Eaton from $471.00 to $485.00 and gave the stock a “buy” rating in a research note on Monday, August 3rd. Two investment analysts have rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and four have given a Hold rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $440.89.

Insider Buying and Selling

In related news, 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 sale, the insider directly owned 50,368 shares of the company’s stock, valued at $23,070,558.72. This trade represents a 26.37% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, Director Gerald Johnson bought 130 shares of the firm’s stock in a transaction on 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 transaction, the director owned 1,829 shares of the company’s stock, valued at approximately $833,841.10. The trade was a 7.65% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. 0.10% of the stock is owned by corporate insiders.

Eaton Price Performance

Shares of NYSE:ETN opened at $408.59 on Tuesday. The firm has a 50 day moving average of $417.30 and a 200-day moving average of $396.67. Eaton Corporation, PLC has a 12 month low of $311.92 and a 12 month high of $478.00. The company has a current ratio of 1.24, a quick ratio of 0.79 and a debt-to-equity ratio of 0.91. The stock has a market capitalization of $158.70 billion, a PE ratio of 41.57, a PEG ratio of 2.65 and a beta of 1.18.

Eaton (NYSE:ETN) last posted its quarterly 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 quarter last year, the business posted $2.95 EPS. The firm’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. On average, equities research analysts predict that Eaton Corporation, PLC will post 13.55 EPS for the current fiscal year.

Eaton Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, August 28th. Stockholders of record on Friday, August 7th will be issued a dividend of $1.10 per share. The ex-dividend date of this dividend is Friday, August 7th. This represents a $4.40 dividend on an annualized basis and a dividend yield of 1.1%. Eaton’s payout ratio is 44.76%.

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.