Eaton Corporation, PLC $ETN Shares Newly Bought by Reliant Investment Management LLC

Reliant Investment Management LLC acquired a new position in shares of Eaton Corporation, PLC (NYSE:ETN) during the 3rd quarter, HoldingsChannel reports. The institutional investor acquired 22,336 shares of the industrial products company’s stock, valued at approximately $9,598,000. Eaton makes up 3.3% of Reliant Investment Management LLC’s investment portfolio, making the stock its 10th biggest holding.

A number of other hedge funds also recently bought and sold shares of the company. Envestnet Portfolio Solutions Inc. raised its holdings in shares of Eaton by 5.5% during the second quarter. Envestnet Portfolio Solutions Inc. now owns 69,297 shares of the industrial products company’s stock valued at $29,529,000 after acquiring an additional 3,638 shares during the period. Wedmont Private Capital boosted its stake in Eaton by 69.6% in the 3rd quarter. Wedmont Private Capital now owns 11,413 shares of the industrial products company’s stock worth $4,845,000 after purchasing an additional 4,684 shares during the period. QRG Capital Management Inc. boosted its stake in Eaton by 11.7% in the 2nd quarter. QRG Capital Management Inc. now owns 90,731 shares of the industrial products company’s stock worth $38,662,000 after purchasing an additional 9,491 shares during the period. Ameritas Advisory Services LLC boosted its stake in Eaton by 667.9% in the 2nd quarter. Ameritas Advisory Services LLC now owns 7,556 shares of the industrial products company’s stock worth $3,220,000 after purchasing an additional 6,572 shares during the period. Finally, S&CO Inc. purchased a new position in Eaton during the 2nd quarter worth approximately $3,824,000. 82.97% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several analysts have issued reports on ETN shares. Evercore boosted their target price on shares of Eaton from $502.00 to $515.00 and gave the company an “outperform” rating in a research note on Tuesday, August 11th. Sanford C. Bernstein reaffirmed an “outperform” rating and issued a $534.00 target price (up from $509.00) on shares of Eaton in a research report on Monday, August 3rd. Weiss Ratings upgraded Eaton from a “buy (b-)” rating to a “buy (b)” rating in a report on Thursday, October 8th. BNP Paribas Exane lifted their price target on Eaton from $490.00 to $500.00 and gave the company an “outperform” rating in a report on Monday, August 3rd. Finally, Wells Fargo & Company assumed coverage on Eaton in a research report on Thursday, September 24th. They set an “overweight” rating and a $503.00 price target on the stock. One investment analyst has rated the stock with a Strong Buy rating, twenty-one have given a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $481.41.

Eaton Stock Performance

ETN stock opened at $408.05 on Thursday. The firm has a 50 day simple moving average of $425.12 and a 200 day simple moving average of $410.06. Eaton Corporation, PLC has a 52 week low of $311.92 and a 52 week high of $478.00. The stock has a market cap of $158.49 billion, a P/E ratio of 41.51, 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 quick ratio of 0.79 and a current ratio of 1.24.

Eaton (NYSE:ETN) last released its quarterly earnings data on Friday, July 31st. The industrial products company reported $3.15 earnings per share for the quarter, beating the consensus estimate of $3.08 by $0.07. Eaton had a net margin of 12.75% and a return on equity of 24.58%. The firm had revenue of $8.53 billion for the quarter, compared to analyst estimates of $8.16 billion. During the same quarter in the prior year, the business earned $2.95 EPS. The company’s revenue for the quarter was up 21.4% compared to the same quarter last year. Eaton has set its Q3 2026 guidance at 3.460-3.560 EPS and its FY 2026 guidance at 13.400-13.600 EPS. Research analysts anticipate that Eaton Corporation, PLC will post 13.57 earnings per share for the current fiscal year.

Eaton Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, August 28th. Stockholders of record on Friday, August 7th were issued a dividend of $1.10 per share. This represents a $4.40 annualized dividend and a dividend yield of 1.1%. The ex-dividend date was Friday, August 7th. Eaton’s payout ratio is currently 44.76%.

Insider Transactions at Eaton

In other news, insider Heath Monesmith sold 18,036 shares of the company’s stock in a transaction on Tuesday, August 11th. The shares were sold at an average price of $458.04, for a total value of $8,261,209.44. Following the transaction, the insider directly owned 50,368 shares of the company’s stock, 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 SEC, which can be accessed through this link. Also, insider Adam Wadecki sold 525 shares of the stock in a transaction on Tuesday, August 4th. The stock was sold at an average price of $440.54, for a total value of $231,283.50. Following the sale, the insider owned 1,054 shares of the company’s stock, valued at approximately $464,329.16. This represents a 33.25% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 0.10% of the stock is currently owned by company insiders.

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?

About Eaton

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.