Myriad Asset Management US LP Buys Shares of 2,155 Eaton Corporation, PLC $ETN

Myriad Asset Management US LP purchased a new position in shares of Eaton Corporation, PLC (NYSE:ETN) during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 2,155 shares of the industrial products company’s stock, valued at approximately $807,000.

Several other large investors have also recently added to or reduced their stakes in the business. HCR Wealth Advisors grew its stake in Eaton by 39.5% during the 2nd quarter. HCR Wealth Advisors now owns 5,229 shares of the industrial products company’s stock worth $1,867,000 after purchasing an additional 1,481 shares in the last quarter. Baird Financial Group Inc. lifted its stake in Eaton by 8.8% in the second quarter. Baird Financial Group Inc. now owns 370,531 shares of the industrial products company’s stock worth $132,276,000 after acquiring an additional 29,900 shares during the last quarter. Bowen Hanes & Co. Inc. grew its holdings in Eaton by 1.7% during the 2nd quarter. Bowen Hanes & Co. Inc. now owns 197,775 shares of the industrial products company’s stock worth $70,604,000 after acquiring an additional 3,295 shares in the last quarter. Waterloo Capital L.P. raised its holdings in shares of Eaton by 15.8% in the 2nd quarter. Waterloo Capital L.P. now owns 5,619 shares of the industrial products company’s stock valued at $2,006,000 after purchasing an additional 767 shares in the last quarter. Finally, Farther Finance Advisors LLC lifted its position in shares of Eaton by 25.3% during the 3rd quarter. Farther Finance Advisors LLC now owns 15,862 shares of the industrial products company’s stock worth $5,936,000 after purchasing an additional 3,203 shares during the last quarter. 82.97% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Eaton

In related news, Director Gerald Johnson purchased 200 shares of the business’s stock in a transaction dated Tuesday, November 18th. The stock was acquired at an average price of $339.89 per share, for a total transaction of $67,978.00. Following the acquisition, the director directly owned 400 shares of the company’s stock, valued at $135,956. This trade represents a 100.00% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In the last 90 days, insiders have acquired 500 shares of company stock worth $174,389. 0.30% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on the company. Sanford C. Bernstein set a $295.00 price target on Eaton in a research note on Friday, December 19th. Morgan Stanley cut their price objective on shares of Eaton from $425.00 to $405.00 and set an “overweight” rating on the stock in a report on Monday, January 12th. JPMorgan Chase & Co. lowered their target price on shares of Eaton from $440.00 to $406.00 and set an “overweight” rating for the company in a report on Friday, January 16th. HSBC upgraded shares of Eaton from a “hold” rating to a “buy” rating and set a $400.00 price target on the stock in a research note on Friday, January 16th. Finally, Royal Bank Of Canada set a $399.00 price objective on shares of Eaton in a research note on Thursday, January 15th. Two research analysts have rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and seven have issued a Hold rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $384.30.

Eaton Stock Down 1.2%

Shares of Eaton stock opened at $333.78 on Friday. The company has a market cap of $129.64 billion, a P/E ratio of 33.38, a PEG ratio of 2.22 and a beta of 1.20. The firm has a fifty day moving average of $332.43 and a two-hundred day moving average of $355.55. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.79 and a current ratio of 1.28. Eaton Corporation, PLC has a one year low of $231.85 and a one year high of $399.56.

Eaton (NYSE:ETN) last announced its quarterly earnings data on Tuesday, November 4th. The industrial products company reported $3.07 EPS for the quarter, beating analysts’ consensus estimates of $3.06 by $0.01. The firm had revenue of $6.99 billion during the quarter, compared to the consensus estimate of $7.09 billion. Eaton had a net margin of 14.74% and a return on equity of 24.36%. Eaton has set its Q4 2025 guidance at 3.230-3.430 EPS and its FY 2025 guidance at 11.970-12.170 EPS. On average, analysts forecast that Eaton Corporation, PLC will post 12.02 earnings per share for the current year.

Eaton Company 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.