Allworth Financial LP Trims Stake in Eaton Corporation, PLC $ETN

Allworth Financial LP reduced its position in Eaton Corporation, PLC (NYSE:ETN) by 27.8% during the second quarter, HoldingsChannel.com reports. The firm owned 69,615 shares of the industrial products company’s stock after selling 26,814 shares during the period. Allworth Financial LP’s holdings in Eaton were worth $29,664,000 at the end of the most recent quarter.

A number of other hedge funds have also recently modified their holdings of ETN. Brighton Jones LLC boosted its stake 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 purchasing an additional 45 shares during the period. Revolve Wealth Partners LLC increased its stake in Eaton by 17.5% in the 4th quarter. Revolve Wealth Partners LLC now owns 913 shares of the industrial products company’s stock worth $303,000 after buying an additional 136 shares during the period. Empowered Funds LLC lifted its holdings in Eaton by 5.6% during the 1st 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 in the last quarter. Vista Capital Partners Inc. purchased a new stake in Eaton in the 2nd quarter valued at about $259,000. Finally, Tandem Wealth Advisors LLC increased its position 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 worth $791,000 after acquiring an additional 913 shares during the period. Institutional investors own 82.97% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have weighed in on ETN. BMO Capital Markets upped their target price on Eaton from $477.00 to $487.00 and gave the stock an “outperform” rating in a report on Monday, August 3rd. Robert W. Baird set a $500.00 price objective on Eaton and gave the company an “outperform” rating in a report on Thursday, August 20th. Citigroup upped 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. Morgan Stanley raised their target price on shares of Eaton from $500.00 to $520.00 and gave the company an “overweight” rating in a research report on Friday, August 28th. Finally, UBS Group upgraded Eaton from a “neutral” rating to a “buy” rating and raised their target price for the stock from $450.00 to $515.00 in a research note on Monday. Three investment analysts have rated the stock with a Strong Buy rating, fifteen have issued a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat, Eaton presently has an average rating of “Buy” and a consensus target price of $450.61.

Insider Buying and Selling at Eaton

In other news, insider Adam A. Wadecki sold 525 shares of the firm’s stock in a transaction dated Tuesday, August 4th. The stock was sold at an average price of $440.54, for a total transaction of $231,283.50. Following the sale, the insider directly owned 1,054 shares in the company, valued at $464,329.16. This trade represents a 33.25% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Heath B. Monesmith sold 18,036 shares of Eaton stock in a transaction dated Tuesday, August 11th. The shares were sold at an average price of $458.04, for a total value of $8,261,209.44. Following the completion of the transaction, the insider 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. The disclosure for this sale is available in the SEC filing. 0.10% of the stock is owned by corporate insiders.

Eaton Stock Performance

ETN stock traded up $11.43 during trading on Tuesday, hitting $422.28. 2,034,999 shares of the company traded hands, compared to its average volume of 2,575,836. Eaton Corporation, PLC has a 1 year low of $311.92 and a 1 year high of $478.00. The company has a market cap of $164.01 billion, a PE ratio of 42.96, a P/E/G ratio of 2.60 and a beta of 1.17. The stock’s 50-day simple moving average is $415.48 and its 200 day simple moving average is $398.40. The company has a debt-to-equity ratio of 0.91, a current ratio of 1.24 and a quick ratio of 0.79.

Eaton (NYSE:ETN) last released its quarterly earnings data on Friday, July 31st. The industrial products company reported $3.15 EPS for the quarter, topping the consensus estimate of $3.08 by $0.07. The business had revenue of $8.53 billion for the quarter, compared to analyst estimates of $8.16 billion. Eaton had a return on equity of 24.58% and a net margin of 12.75%.The business’s quarterly revenue was up 21.4% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $2.95 EPS. 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 analysts expect that Eaton Corporation, PLC will post 13.56 earnings per share for the current fiscal year.

Eaton Announces Dividend

The company also recently declared 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. This represents a $4.40 annualized dividend and a yield of 1.0%. The ex-dividend date was Friday, August 7th. Eaton’s dividend payout ratio (DPR) is currently 44.76%.

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.