11,496 Eaton Corporation, PLC $ETN Shares Sold by King Luther Capital Management Corp

King Luther Capital Management Corp lessened its stake in Eaton Corporation, PLC (NYSE:ETN) by 3.6% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 306,381 shares of the industrial products company’s stock after selling 11,496 shares during the period. King Luther Capital Management Corp’s holdings in Eaton were worth $131,655,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. Assenagon Asset Management S.A. raised its position in shares of Eaton by 87.1% in the third quarter. Assenagon Asset Management S.A. now owns 282,750 shares of the industrial products company’s stock worth $121,501,000 after acquiring an additional 131,624 shares during the period. Sustainable Growth Advisers LP acquired a new stake in shares of Eaton during the 3rd quarter valued at about $85,752,000. Wedmont Private Capital grew its position in shares of Eaton by 69.6% during the 3rd quarter. Wedmont Private Capital now owns 11,413 shares of the industrial products company’s stock valued at $4,845,000 after acquiring an additional 4,684 shares during the period. Envestnet Portfolio Solutions Inc. increased its stake in shares of Eaton by 5.5% in the 2nd quarter. Envestnet Portfolio Solutions Inc. now owns 69,297 shares of the industrial products company’s stock valued at $29,529,000 after purchasing an additional 3,638 shares in the last quarter. Finally, IFP Advisors Inc increased its stake in shares of Eaton by 48.2% in the 3rd quarter. IFP Advisors Inc now owns 16,026 shares of the industrial products company’s stock valued at $6,887,000 after purchasing an additional 5,212 shares in the last quarter. Institutional investors and hedge funds own 82.97% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on ETN shares. UBS Group raised Eaton from a “neutral” rating to a “buy” rating and upped their price target for the stock from $450.00 to $515.00 in a report on Monday, September 7th. Rothschild & Co Redburn raised their price objective on Eaton from $386.00 to $403.00 and gave the company a “neutral” rating in a report on Wednesday, September 30th. Raymond James Financial restated an “outperform” rating and issued a $485.00 price objective on shares of Eaton in a research report on Monday. Wall Street Zen downgraded Eaton from a “buy” rating to a “hold” rating in a research note on Sunday, August 16th. Finally, Argus increased their target price on Eaton from $475.00 to $528.00 and gave the company a “buy” rating in a research report on Tuesday, August 18th. One equities research analyst has rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating and four have assigned a Hold rating to the company. Based on data from MarketBeat, Eaton presently has a consensus rating of “Moderate Buy” and a consensus price target of $476.86.

Key Eaton News

Here’s some of the latest news about ETN:

• Positive Sentiment: Recent coverage points to record third-quarter sales and another increase to Eaton’s 2026 outlook. The supplied earnings figures also show revenue and EPS ahead of consensus, supporting the growth case. Record Q3 sales and raised outlook
• Neutral Sentiment: JPMorgan and Jefferies initiated coverage with neutral ratings and $395 price targets. The targets imply potential upside from the quoted share prices, but the ratings signal a measured view. JPMorgan coverage Jefferies coverage
• Negative Sentiment: Shares have pulled back sharply after a multiyear run. Commentary questions whether cash flows justify the valuation, while shifting expectations for infrastructure and data-center spending may add uncertainty. Eaton valuation after raised guidance

Eaton Stock Up 1.8%

ETN opened at $360.74 on Thursday. The company has a market cap of $140.15 billion, a PE ratio of 36.04, a price-to-earnings-growth ratio of 2.23 and a beta of 1.15. Eaton Corporation, PLC has a twelve month low of $311.92 and a twelve month high of $478.00. The company has a 50-day moving average price of $402.71 and a 200 day moving average price of $396.94. The company has a quick ratio of 0.78, a current ratio of 1.23 and a debt-to-equity ratio of 0.85.

Eaton (NYSE:ETN) last posted its quarterly earnings data on Tuesday, November 3rd. The industrial products company reported $3.68 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.54 by $0.14. Eaton had a return on equity of 25.09% and a net margin of 12.18%. The company 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 firm posted $3.07 EPS. Eaton’s revenue was up 28.0% compared to the same quarter last year. Sell-side analysts expect that Eaton Corporation, PLC will post 13.78 earnings per share for the current fiscal year.

Eaton Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, November 27th. Shareholders of record on Tuesday, November 10th will be issued a $1.10 dividend. This represents a $4.40 annualized dividend and a yield of 1.2%. The ex-dividend date is Tuesday, November 10th. Eaton’s payout ratio is presently 43.96%.

About Eaton

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. Eaton also makes aerospace components and systems, as well as products for vehicle powertrains and related applications.