Van Hulzen Asset Management LLC Has $22.06 Million Stock Holdings in Eaton Corporation, PLC $ETN
by Tristan Rich · The Markets DailyVan Hulzen Asset Management LLC lessened its holdings in shares of Eaton Corporation, PLC (NYSE:ETN – Free Report) by 4.9% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 51,780 shares of the industrial products company’s stock after selling 2,668 shares during the quarter. Eaton accounts for approximately 1.5% of Van Hulzen Asset Management LLC’s portfolio, making the stock its 20th largest position. Van Hulzen Asset Management LLC’s holdings in Eaton were worth $22,064,000 at the end of the most recent quarter.
A number of other large investors also recently modified their holdings of ETN. Manning & Napier Advisors LLC purchased a new position in Eaton during the 2nd quarter worth $27,000. Hilton Head Capital Partners LLC purchased a new stake in shares of Eaton during the 4th quarter worth approximately $26,000. Archer Investment Corp bought a new stake in shares of Eaton in the second quarter valued at $35,000. Sfam LLC purchased a new stake in Eaton during the fourth quarter valued at about $27,000. Finally, Gunpowder Capital Management LLC dba Oliver Wealth Management bought a new position in Eaton in the 4th quarter worth approximately $28,000. Institutional investors own 82.97% of the company’s stock.
Insider Buying and Selling at Eaton
In other Eaton news, insider Adam A. Wadecki sold 525 shares of Eaton stock in a transaction on Tuesday, August 4th. The shares were sold at an average price of $440.54, for a total transaction of $231,283.50. Following the completion of the transaction, the insider directly owned 1,054 shares of the company’s stock, valued at $464,329.16. The trade was a 33.25% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 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 transaction 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. The trade was 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 owned by company insiders.
Eaton Trading Down 1.5%
Shares of NYSE:ETN opened at $415.93 on Thursday. The company has a current ratio of 1.24, a quick ratio of 0.79 and a debt-to-equity ratio of 0.91. Eaton Corporation, PLC has a 12-month low of $311.92 and a 12-month high of $478.00. The company has a market cap of $161.55 billion, a PE ratio of 42.31, a price-to-earnings-growth ratio of 2.67 and a beta of 1.17. The stock has a 50 day moving average of $415.47 and a 200 day moving average of $398.96.
Eaton (NYSE:ETN – Get Free Report) last announced its quarterly earnings data on Friday, July 31st. The industrial products company reported $3.15 earnings per share (EPS) for the quarter, topping 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 firm had revenue of $8.53 billion during the quarter, compared to analysts’ expectations of $8.16 billion. During the same period in the prior year, the company posted $2.95 earnings per share. The company’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. As a group, equities research analysts expect that Eaton Corporation, PLC will post 13.56 EPS for the current year.
Eaton Announces Dividend
The firm also recently declared a quarterly dividend, which was paid on Friday, August 28th. Investors of record on Friday, August 7th were paid a dividend of $1.10 per share. The ex-dividend date of this dividend was Friday, August 7th. This represents a $4.40 dividend on an annualized basis and a yield of 1.1%. Eaton’s dividend payout ratio is presently 44.76%.
Wall Street Analyst Weigh In
ETN has been the topic of several research analyst reports. Evercore raised shares of Eaton from an “in-line” rating to an “outperform” rating and set a $502.00 price target on the stock in a report on Monday, August 3rd. BMO Capital Markets boosted their price target on shares of Eaton from $477.00 to $487.00 and gave the stock an “outperform” rating in a research note on Monday, August 3rd. Citigroup raised their target price on shares of Eaton from $471.00 to $485.00 and gave the stock a “buy” rating in a report on Monday, August 3rd. UBS Group upgraded shares of Eaton from a “neutral” rating to a “buy” rating and lifted their price target for the company from $450.00 to $515.00 in a report on Monday. Finally, Sanford C. Bernstein reissued an “outperform” rating on shares of Eaton in a research report on Monday, August 3rd. Three investment analysts have rated the stock with a Strong Buy rating, fifteen have given a Buy rating and two have issued a Hold rating to the company. According to MarketBeat, the company has a consensus rating of “Buy” and a consensus price target of $450.61.
Get Our Latest Stock Analysis on ETN
About Eaton
Eaton plc is a power management company that helps businesses, utilities, data centers, industrial facilities and other customers manage electrical, hydraulic and mechanical power more safely and efficiently. Its products and systems support power distribution, circuit protection, power quality, backup power, industrial automation and energy management.
The company also supplies aerospace systems, including hydraulic, fuel, motion-control and air-management equipment, as well as components and systems for commercial and military aircraft.
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