Kelleher Financial Advisors Sells 1,516 Shares of Eaton Corporation, PLC $ETN

Kelleher Financial Advisors lowered its position in shares of Eaton Corporation, PLC (NYSE:ETN) by 57.3% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,131 shares of the industrial products company’s stock after selling 1,516 shares during the quarter. Kelleher Financial Advisors’ holdings in Eaton were worth $486,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in ETN. Security National Bank of SO Dak purchased a new position in Eaton during the 2nd quarter worth approximately $26,000. Manning & Napier Advisors LLC acquired a new stake in Eaton during the 2nd quarter valued at $27,000. Curry Webb Wealth Management LLC purchased a new stake in shares of Eaton in the third quarter valued at $29,000. Boreal Capital Management LLC purchased a new stake in shares of Eaton in the first quarter valued at $33,000. Finally, North Point Portfolio Managers Corp OH acquired a new stake in shares of Eaton in the third quarter worth $34,000. Hedge funds and other institutional investors own 82.97% of the company’s stock.

More Eaton News

Here are the key news stories impacting Eaton this week:

• Positive Sentiment: Eaton reported record third-quarter sales of $8.95 billion, up 28% year over year, and adjusted EPS of $3.68, topping the $3.54 consensus. Organic sales rose 19%, orders reached records, and the company raised its 2026 organic-growth outlook. Eaton Q3 results
• Positive Sentiment: Management pointed to stronger 2027 demand, a record electrical backlog and growing Boyd Thermal revenue, which benefits from demand for chip cooling. RBC raised its 2026 and 2027 EPS estimates and increased its price target to $539, maintaining an “outperform” rating. Eaton earnings call outlook
• Neutral Sentiment: Analyst price-target moves were mixed: HSBC raised its target to $505, while Jefferies and Wells Fargo lowered theirs to $500 and $485, respectively. HSBC price-target update
• Negative Sentiment: The immediate pressure appears tied to a broad post-election pullback in industrial and AI-related stocks, with investors questioning whether political uncertainty could weigh on data-center construction and AI spending. Eaton’s after-hours drop followed that weakness, despite its strong results. Industrial stocks and election concerns
• Negative Sentiment: There are also questions about how much of the strong sales growth will translate into bottom-line gains: one earnings analysis noted GAAP EPS rose more slowly than sales, with acquisition-related costs and higher interest expense weighing on profits. Eaton earnings analysis

Insider Transactions at Eaton

In other news, Director Gerald Johnson bought 130 shares of the stock in a transaction on Thursday, August 13th. The shares were purchased at an average price of $455.90 per share, for a total transaction of $59,267.00. Following the completion of the purchase, the director directly owned 1,829 shares of the company’s stock, valued at $833,841.10. This trade represents a 7.65% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Heath Monesmith sold 18,036 shares of the company’s stock in a transaction dated Tuesday, August 11th. The stock was sold at an average price of $458.04, for a total value of $8,261,209.44. Following the completion of the transaction, the insider directly owned 50,368 shares in the company, valued at approximately $23,070,558.72. The trade was a 26.37% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders own 0.10% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have recently weighed in on the company. HSBC lifted their price target on Eaton from $440.00 to $460.00 and gave the company a “buy” rating in a report on Monday, August 3rd. Sanford C. Bernstein reissued an “outperform” rating and issued a $534.00 price objective (up from $509.00) on shares of Eaton in a research note on Monday, August 3rd. Raymond James Financial raised their price objective on Eaton from $465.00 to $525.00 and gave the stock an “outperform” rating in a research report on Wednesday, August 5th. Morgan Stanley lifted their target price on Eaton from $500.00 to $520.00 and gave the company an “overweight” rating in a research note on Friday, August 28th. Finally, Mizuho set a $485.00 target price on Eaton in a research note on Wednesday. One research analyst has rated the stock with a Strong Buy rating, twenty have assigned a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $483.91.

Eaton Stock Down 10.0%

ETN stock opened at $352.38 on Thursday. Eaton Corporation, PLC has a 12-month low of $311.92 and a 12-month high of $478.00. The company has a quick ratio of 0.79, a current ratio of 1.23 and a debt-to-equity ratio of 0.85. The company has a market cap of $136.86 billion, a price-to-earnings ratio of 35.20, a PEG ratio of 2.27 and a beta of 1.15. The company has a 50 day moving average of $408.50 and a two-hundred day moving average of $396.65.

Eaton (NYSE:ETN) last posted its quarterly earnings results on Tuesday, November 3rd. The industrial products company reported $3.68 EPS for the quarter, beating the consensus estimate of $3.54 by $0.14. Eaton had a net margin of 12.18% and a return on equity of 25.09%. The business had revenue of $8.95 billion for the quarter, compared to analysts’ expectations of $8.53 billion. During the same period in the previous year, the company posted $3.07 EPS. Eaton’s revenue was up 28.0% on a year-over-year basis. On average, equities analysts anticipate that Eaton Corporation, PLC will post 13.59 earnings per share for the current fiscal year.

Eaton Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, November 27th. Investors of record on Tuesday, November 10th will be given a dividend of $1.10 per share. The ex-dividend date of this dividend is Tuesday, November 10th. This represents a $4.40 dividend on an annualized basis and a yield of 1.2%. Eaton’s dividend payout ratio (DPR) is presently 44.76%.

About Eaton

Eaton Corporation plc is a global intelligent power management company that helps businesses, utilities, data centers, manufacturers and other organizations manage electrical, hydraulic and mechanical power more safely, efficiently and reliably. Its solutions support applications ranging from power distribution and backup systems to industrial automation, building infrastructure and transportation.

The company’s Electrical segment provides products and systems such as circuit breakers, switchgear, power distribution equipment, surge protection, energy management software and data center power solutions.