Bowen Hanes & Co. Inc. Sells 1,995 Shares of Eaton Corporation, PLC $ETN

Bowen Hanes & Co. Inc. cut its holdings in shares of Eaton Corporation, PLC (NYSE:ETN) by 1.0% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 195,780 shares of the industrial products company’s stock after selling 1,995 shares during the quarter. Eaton makes up 1.8% of Bowen Hanes & Co. Inc.’s investment portfolio, making the stock its 20th largest holding. Bowen Hanes & Co. Inc. owned 0.05% of Eaton worth $73,271,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. WFA of San Diego LLC bought a new position in Eaton during the second quarter valued at about $36,000. Redmont Wealth Advisors LLC purchased a new position in Eaton in the third quarter valued at about $40,000. Grey Fox Wealth Advisors LLC bought a new position in shares of Eaton during the 3rd quarter valued at approximately $70,000. Cloud Capital Management LLC purchased a new stake in shares of Eaton during the 3rd quarter worth approximately $72,000. Finally, SOA Wealth Advisors LLC. raised its holdings in shares of Eaton by 47.1% in the 3rd quarter. SOA Wealth Advisors LLC. now owns 200 shares of the industrial products company’s stock worth $75,000 after purchasing an additional 64 shares during the period. 82.97% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Eaton

In related news, insider Sternadt Paulo Ruiz sold 10,707 shares of the stock in a transaction on Thursday, February 12th. The stock was sold at an average price of $390.26, for a total value of $4,178,513.82. Following the sale, the insider owned 27,729 shares in the company, valued at approximately $10,821,519.54. This trade represents a 27.86% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders own 0.30% of the company’s stock.

Eaton Trading Down 1.1%

Shares of ETN opened at $373.05 on Friday. Eaton Corporation, PLC has a twelve month low of $231.85 and a twelve month high of $408.45. The stock has a market cap of $144.89 billion, a PE ratio of 35.66, a P/E/G ratio of 2.58 and a beta of 1.20. The company has a quick ratio of 0.81, a current ratio of 1.32 and a debt-to-equity ratio of 0.45. The business’s 50-day moving average price is $343.86 and its 200-day moving average price is $354.48.

Eaton (NYSE:ETN) last released its quarterly earnings data on Tuesday, February 3rd. The industrial products company reported $3.33 EPS for the quarter, meeting analysts’ consensus estimates of $3.33. The company had revenue of $7.06 billion during the quarter, compared to analyst estimates of $7.15 billion. Eaton had a net margin of 14.89% and a return on equity of 25.00%. Eaton’s revenue was up 13.1% compared to the same quarter last year. During the same period last year, the business earned $2.83 earnings per share. Eaton has set its Q1 2026 guidance at 2.650-2.850 EPS and its FY 2026 guidance at 13.000-13.500 EPS. On average, equities analysts forecast that Eaton Corporation, PLC will post 12.02 EPS for the current fiscal year.

Analyst Ratings Changes

A number of analysts have issued reports on ETN shares. UBS Group reissued a “neutral” rating and issued a $360.00 target price (down from $440.00) on shares of Eaton in a research report on Sunday, January 4th. Barclays decreased their price objective on Eaton from $362.00 to $350.00 and set an “equal weight” rating for the company in a report on Wednesday, January 7th. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Eaton in a report on Wednesday, January 21st. Morgan Stanley reiterated an “overweight” rating and issued a $425.00 target price on shares of Eaton in a research note on Wednesday, February 4th. Finally, JPMorgan Chase & Co. dropped their price target on shares of Eaton from $440.00 to $406.00 and set an “overweight” rating on the stock in a research note on Friday, January 16th. Two investment analysts have rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and five have given a Hold rating to the stock. According to MarketBeat, Eaton presently has a consensus rating of “Moderate Buy” and a consensus price target of $389.89.

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.