Sanders Morris Harris LLC Buys 1,969 Shares of Eaton Corporation, PLC $ETN

Sanders Morris Harris LLC bought a new stake in Eaton Corporation, PLC (NYSE:ETN) during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund bought 1,969 shares of the industrial products company’s stock, valued at approximately $866,000.

Several other large investors have also modified their holdings of ETN. Firethorn Wealth Partners LLC raised its holdings in Eaton by 3.3% in the 3rd quarter. Firethorn Wealth Partners LLC now owns 1,343 shares of the industrial products company’s stock valued at $577,000 after buying an additional 43 shares during the period. MinichMacGregor Wealth Management LLC lifted its position in Eaton by 6.1% in the third quarter. MinichMacGregor Wealth Management LLC now owns 574 shares of the industrial products company’s stock valued at $247,000 after buying an additional 33 shares during the last quarter. Focus Financial Network Inc. boosted its stake in Eaton by 5.2% during the third quarter. Focus Financial Network Inc. now owns 2,677 shares of the industrial products company’s stock worth $1,150,000 after buying an additional 132 shares during the period. ASK Capital Investment Managers LLC purchased a new position in Eaton during the third quarter worth about $3,509,000. Finally, Allied Investment Advisors LLC increased its position in shares of Eaton by 12.6% during the third quarter. Allied Investment Advisors LLC now owns 553 shares of the industrial products company’s stock valued at $238,000 after acquiring an additional 62 shares during the last quarter. Institutional investors and hedge funds own 82.97% of the company’s stock.

Insider Buying and Selling

In other Eaton news, insider Adam A. Wadecki sold 525 shares of the firm’s stock in a transaction that occurred on Tuesday, August 4th. The shares were sold at an average price of $440.54, for a total value of $231,283.50. Following the completion of the transaction, the insider owned 1,054 shares of the company’s stock, valued at $464,329.16. This trade represents a 33.25% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Also, Director Gerald Johnson purchased 130 shares of the company’s stock in a transaction on Thursday, August 13th. The stock was acquired at an average price of $455.90 per share, with a total value of $59,267.00. Following the purchase, the director owned 1,829 shares of the company’s stock, valued at approximately $833,841.10. This represents a 7.65% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. 0.10% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

A number of research firms have recently issued reports on ETN. HSBC boosted their price target on shares of Eaton from $440.00 to $460.00 and gave the company a “buy” rating in a research note on Monday, August 3rd. Wall Street Zen cut shares of Eaton from a “buy” rating to a “hold” rating in a research report on Sunday, August 16th. Wells Fargo & Company started coverage on shares of Eaton in a report on Thursday, September 24th. They issued an “overweight” rating and a $503.00 target price for the company. Citigroup lifted their target price on shares of Eaton from $485.00 to $498.00 and gave the company a “buy” rating in a report on Monday. Finally, Rothschild & Co Redburn boosted their target price on Eaton from $386.00 to $403.00 and gave the company a “neutral” rating in a research report on Wednesday, September 30th. One investment analyst has rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating and two have given a Hold rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $481.41.

Eaton Stock Performance

NYSE ETN opened at $408.05 on Thursday. The company has a market cap of $158.49 billion, a P/E ratio of 34.65, a P/E/G ratio of 2.49 and a beta of 1.13. The company has a debt-to-equity ratio of 0.91, a current ratio of 1.24 and a quick ratio of 0.79. The stock has a 50-day moving average of $425.12 and a two-hundred day moving average of $410.06. Eaton Corporation, PLC has a 1-year low of $311.92 and a 1-year high of $478.00.

Eaton (NYSE:ETN) last issued its quarterly earnings results 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. The company had revenue of $8.53 billion for the quarter, compared to analyst estimates of $8.16 billion. Eaton had a net margin of 12.75% and a return on equity of 24.58%. The business’s revenue for the quarter was up 21.4% compared to the same quarter last year. During the same period in the prior year, the firm earned $2.95 earnings per share. 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, analysts anticipate that Eaton Corporation, PLC will post 13.57 EPS for the current year.

Eaton Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, August 28th. Investors of record on Friday, August 7th were issued a $1.10 dividend. The ex-dividend date was Friday, August 7th. This represents a $4.40 dividend on an annualized basis and a dividend yield of 1.1%. Eaton’s payout ratio is 44.76%.

Key Headlines Impacting Eaton

Here are the key news stories impacting Eaton this week:

• Positive Sentiment: Royal Bank of Canada raised its price target to $526 from $512 and maintained an “outperform” rating, implying substantial upside from recent trading levels. Royal Bank of Canada raises Eaton price target
• Positive Sentiment: Deutsche Bank increased its Eaton price target to $521 from $493, reinforcing analyst confidence in the company’s growth prospects. Deutsche Bank raises Eaton price target
• Positive Sentiment: Erste Group lifted its FY2027 EPS forecast to $16.12 from $16.00 and its FY2026 estimate to $13.57 from $13.55, reflecting modestly improved earnings expectations. Erste Group raises Eaton earnings estimates
• Positive Sentiment: A favorable investment case highlights Eaton’s strong backlog, margin-recovery potential and participation in the AI data-center buildout, which could support future revenue and earnings growth. Eaton strong backlog and margin recovery support buy case
• Neutral Sentiment: Eaton trades at roughly 43 times earnings, a premium to peers such as Emerson Electric and Parker Hannifin. The premium reflects faster sales growth, but Eaton’s operating-margin conversion is weaker than that of many competitors. Is Eaton stock worth more than its competitors?

Eaton Company Profile

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.