1,834 Eaton Corporation, PLC $ETN Shares Acquired by Ethic Inc.

Ethic Inc. increased its stake in Eaton Corporation, PLC (NYSE:ETN) by 3.7% in the third quarter, Holdings Channel reports. The institutional investor owned 51,381 shares of the industrial products company’s stock after acquiring an additional 1,834 shares during the quarter. Ethic Inc.’s holdings in Eaton were worth $22,079,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in the stock. Wellington Management Group LLP boosted its stake in Eaton by 19.6% during the 2nd quarter. Wellington Management Group LLP now owns 6,827,266 shares of the industrial products company’s stock valued at $2,909,235,000 after acquiring an additional 1,120,567 shares during the last quarter. Sustainable Growth Advisers LP acquired a new position in Eaton during the 3rd quarter worth $85,752,000. Clal Insurance Enterprises Holdings Ltd increased its position in shares of Eaton by 112.6% in the 1st quarter. Clal Insurance Enterprises Holdings Ltd now owns 336,060 shares of the industrial products company’s stock worth $120,199,000 after purchasing an additional 178,000 shares during the last quarter. Public Employees Retirement System of Ohio bought a new stake in shares of Eaton in the 2nd quarter worth about $64,858,000. Finally, Assenagon Asset Management S.A. increased its position in shares of Eaton by 87.1% in the 3rd quarter. Assenagon Asset Management S.A. now owns 282,750 shares of the industrial products company’s stock worth $121,501,000 after purchasing an additional 131,624 shares during the last quarter. 82.97% of the stock is owned by institutional investors and hedge funds.

More Eaton News

Here are the key news stories impacting Eaton this week:

• Positive Sentiment: Eaton reported record third-quarter results and raised its 2026 outlook again. It beat the supplied consensus estimates, earning $3.68 per share versus $3.54 expected and generating $8.95 billion in revenue versus $8.53 billion expected. Eaton stock lifts 2026 outlook after record third-quarter results
• Positive Sentiment: A record electrical backlog and strong demand from data centers, grid modernization and broader infrastructure investment provide revenue visibility and potential for future growth. Can Eaton Convert Its Record Backlog Into Stronger Earnings?
• Positive Sentiment: Analyst support, including Bernstein maintaining a Buy rating and KeyBanc issuing a Buy, may help underpin investor confidence. Bernstein Sticks to Their Buy Rating for Eaton
• Neutral Sentiment: The stock’s rebound may also reflect a technical bounce after recent selling; one report described industrial shares including Eaton as deeply oversold. Top 3 Industrials Stocks That May Rocket Higher in November
• Negative Sentiment: Investors remain focused on whether Eaton can convert its large backlog into sustained sales and earnings growth. The shares sold off after the results despite the raised outlook, reflecting execution concerns and valuation sensitivity. Eaton Stock Sinks as Q3 Results Fail to Calm Execution Fears
• Negative Sentiment: Eaton sees potential in data-center power systems shifting from AC to DC, but its CEO said the timing of that transition is outside the company’s control. Eaton CEO: AC to DC migration for data centers is real

Insider Buying and Selling at Eaton

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

Analysts Set New Price Targets

ETN has been the topic of a number of recent analyst reports. Sanford C. Bernstein restated an “outperform” rating and issued a $534.00 target price (up from $509.00) on shares of Eaton in a research note on Monday, August 3rd. Royal Bank Of Canada lifted their price target on Eaton from $526.00 to $539.00 and gave the stock an “outperform” rating in a research note on Wednesday. Mizuho set a $485.00 price objective on Eaton in a report on Wednesday. Argus boosted their price objective on Eaton from $475.00 to $528.00 and gave the company a “buy” rating in a report on Tuesday, August 18th. Finally, Citigroup upped their price objective on Eaton from $485.00 to $498.00 and gave the company a “buy” rating in a research note on Monday, October 12th. 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. According to MarketBeat, Eaton has an average rating of “Moderate Buy” and an average price target of $483.91.

Eaton Trading Up 4.5%

Shares of NYSE ETN opened at $341.80 on Friday. The company has a market cap of $132.79 billion, a price-to-earnings ratio of 34.15, a price-to-earnings-growth ratio of 2.15 and a beta of 1.15. Eaton Corporation, PLC has a 12-month low of $311.92 and a 12-month high of $478.00. The company has a current ratio of 1.23, a quick ratio of 0.79 and a debt-to-equity ratio of 0.85. The stock’s 50 day simple moving average is $405.12 and its 200 day simple moving average is $396.59.

Eaton (NYSE:ETN) last released its quarterly earnings data on Tuesday, November 3rd. The industrial products company reported $3.68 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.54 by $0.14. The business had revenue of $8.95 billion during the quarter, compared to analyst estimates of $8.53 billion. Eaton had a return on equity of 25.09% and a net margin of 12.18%. The business’s revenue for the quarter was up 28.0% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $3.07 EPS. Equities research analysts expect that Eaton Corporation, PLC will post 13.80 EPS for the current year.

Eaton Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, November 27th. Shareholders of record on Tuesday, November 10th will be paid a $1.10 dividend. This represents a $4.40 dividend on an annualized basis and a yield of 1.3%. The ex-dividend date is Tuesday, November 10th. Eaton’s dividend payout ratio (DPR) is presently 43.96%.

Eaton Company Profile

Eaton is a global power management company that designs and manufactures products and services intended to help customers manage electrical, hydraulic and mechanical power. Founded in 1911, the company serves customers across a range of industries, including utilities, commercial buildings, data centers, aerospace and transportation.

Its offerings include electrical distribution and circuit protection equipment, power quality and backup systems, and power management software and services.