Mn Services Vermogensbeheer B.V. Buys 2,100 Shares of Eaton Corporation, PLC $ETN

by · The Markets Daily

Mn Services Vermogensbeheer B.V. boosted its stake in Eaton Corporation, PLC (NYSE:ETN – Free Report) by 1.9% during the 3rd quarter, HoldingsChannel.com reports. The fund owned 115,137 shares of the industrial products company’s stock after acquiring an additional 2,100 shares during the period. Mn Services Vermogensbeheer B.V.’s holdings in Eaton were worth $49,476,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in ETN. Diversified Management Inc. lifted its position in shares of Eaton by 13.5% in the 3rd quarter. Diversified Management Inc. now owns 671 shares of the industrial products company’s stock worth $288,000 after purchasing an additional 80 shares during the period. First Heartland Consultants Inc. bought a new position in Eaton during the third quarter worth $205,000. GAMMA Investing LLC lifted its holdings in Eaton by 8.3% in the third quarter. GAMMA Investing LLC now owns 18,079 shares of the industrial products company’s stock valued at $7,769,000 after buying an additional 1,384 shares during the period. Horrell Capital Management Inc. bought a new stake in Eaton during the third quarter valued at $112,000. Finally, Farther Finance Advisors LLC raised its position in shares of Eaton by 19.8% in the 3rd quarter. Farther Finance Advisors LLC now owns 25,762 shares of the industrial products company’s stock worth $11,070,000 after acquiring an additional 4,256 shares in the last quarter. Institutional investors own 82.97% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts recently commented on the company. Wells Fargo & Company started coverage on Eaton in a research report on Thursday, September 24th. They set an “overweight” rating and a $503.00 target price on the stock. Citigroup boosted their price target on Eaton from $471.00 to $485.00 and gave the company a “buy” rating in a research note on Monday, August 3rd. Sanford C. Bernstein restated an “outperform” rating on shares of Eaton in a report on Monday, August 3rd. Evercore raised shares of Eaton from an “in-line” rating to an “outperform” rating and set a $502.00 price objective for the company in a research report on Monday, August 3rd. Finally, Morgan Stanley boosted 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. Two research analysts have rated the stock with a Strong Buy rating, fifteen have given a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat.com, Eaton has an average rating of “Buy” and an average target price of $456.50.

Get Our Latest Report on Eaton

Eaton Stock Down 1.7%

Shares of NYSE:ETN opened at $423.99 on Friday. The company has a debt-to-equity ratio of 0.91, a quick ratio of 0.79 and a current ratio of 1.24. Eaton Corporation, PLC has a 52-week low of $311.92 and a 52-week high of $478.00. The business’s 50 day simple moving average is $426.18 and its two-hundred day simple moving average is $408.47. The firm has a market cap of $164.68 billion, a P/E ratio of 43.13, a PEG ratio of 2.50 and a beta of 1.13.

Eaton (NYSE:ETN – Get Free Report) last issued its earnings results on Friday, July 31st. The industrial products company reported $3.15 earnings per share for the quarter, topping analysts’ consensus estimates of $3.08 by $0.07. Eaton had a return on equity of 24.58% and a net margin of 12.75%.The company had revenue of $8.53 billion for the quarter, compared to analyst estimates of $8.16 billion. During the same period in the prior year, the firm earned $2.95 earnings per share. Eaton’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. As a group, research analysts forecast that Eaton Corporation, PLC will post 13.57 EPS for the current fiscal year.

Eaton Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, August 28th. Shareholders of record on Friday, August 7th were paid a $1.10 dividend. This represents a $4.40 dividend on an annualized basis and a dividend yield of 1.0%. The ex-dividend date of this dividend was Friday, August 7th. Eaton’s dividend payout ratio (DPR) is 44.76%.

Insider Activity

In related news, insider Heath B. Monesmith sold 18,036 shares of the firm’s 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 transaction, the insider owned 50,368 shares of the company’s stock, valued at approximately $23,070,558.72. This trade represents a 26.37% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Gerald Johnson acquired 130 shares of the firm’s stock in a transaction on Thursday, August 13th. The shares were bought at an average cost of $455.90 per share, with a total value of $59,267.00. Following the completion of the acquisition, the director directly owned 1,829 shares in the company, valued at approximately $833,841.10. This represents a 7.65% increase in their position. The SEC filing for this purchase provides additional information. Corporate insiders own 0.10% of the company’s stock.

About Eaton

(Free Report)

Eaton Corporation plc (NYSE: ETN) is a global power management company that helps customers manage electrical, hydraulic and mechanical power more safely, efficiently and reliably. Its products and systems serve commercial, industrial, utility, data center, residential, aerospace, vehicle and mobility applications.

The company’s electrical businesses provide circuit protection and control equipment, power distribution systems, connectivity solutions, backup power and other technologies used to support critical infrastructure and improve energy efficiency.

Further Reading

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