Eaton Corporation, PLC $ETN Shares Bought by Riverbridge Partners LLC

Riverbridge Partners LLC increased its position in shares of Eaton Corporation, PLC (NYSE:ETN) by 129.0% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 61,644 shares of the industrial products company’s stock after purchasing an additional 34,725 shares during the period. Riverbridge Partners LLC’s holdings in Eaton were worth $26,489,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Wellington Management Group LLP grew its stake in shares of Eaton by 19.6% in 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 purchasing an additional 1,120,567 shares during the period. Sustainable Growth Advisers LP bought a new position in shares of Eaton during the 3rd quarter worth approximately $85,752,000. Clal Insurance Enterprises Holdings Ltd boosted its stake in 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 valued at $120,199,000 after buying an additional 178,000 shares in the last quarter. Public Employees Retirement System of Ohio acquired a new stake in Eaton in the 2nd quarter valued at $64,858,000. Finally, Assenagon Asset Management S.A. grew its position in 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 valued at $121,501,000 after acquiring an additional 131,624 shares during the period. 82.97% of the stock is currently owned by institutional investors and hedge funds.

Eaton Trading Down 1.4%

Shares of ETN opened at $354.34 on Wednesday. The company has a debt-to-equity ratio of 0.85, a quick ratio of 0.78 and a current ratio of 1.23. The company has a market cap of $137.66 billion, a price-to-earnings ratio of 35.40, a PEG ratio of 2.26 and a beta of 1.15. The stock has a fifty day moving average price of $403.30 and a two-hundred day moving average price of $396.80. Eaton Corporation, PLC has a 52-week low of $311.92 and a 52-week high of $478.00.

Eaton (NYSE:ETN) last announced its earnings results on Tuesday, November 3rd. The industrial products company reported $3.68 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 quarter in the prior year, the business earned $3.07 earnings per share. The business’s revenue for the quarter was up 28.0% on a year-over-year basis. Analysts predict that Eaton Corporation, PLC will post 13.78 EPS for the current fiscal year.

Eaton Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, November 27th. Shareholders of record on Tuesday, November 10th will be issued 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 is currently 43.96%.

Eaton News Summary

Here are the key news stories impacting Eaton this week:

• Positive Sentiment: Recent coverage says record third-quarter sales led Eaton to raise its 2026 outlook again. The supplied results also show earnings and revenue ahead of consensus, reinforcing the company’s operating momentum. Eaton stock: Record Q3 sales lift 2026 outlook again
• Positive Sentiment: Hyperscalers are projected to spend $1.3 trillion on capital investment in 2027. Eaton could benefit from demand for the electrical infrastructure needed to build and power data centers, although the projection does not guarantee specific orders for Eaton. Hyperscalers Are Projected to Spend $1.3 Trillion on Capex in 2027
• Positive Sentiment: RBC reportedly sees 58% upside, offering a bullish counterpoint to recent weakness. Eaton was selected to supply hydraulic and fuel-system technologies for Dassault Aviation’s Falcon 10X, adding an aerospace program win, though financial terms were not reported. RBC Sees 58% Upside From Here Eaton selected for Dassault Falcon 10X
• Negative Sentiment: Eaton has fallen sharply over the past month as concerns about Meta’s spending plans and political developments weighed on AI power-equipment stocks broadly. That sector-wide pressure may be offsetting Eaton’s strong results and longer-term data-center opportunity. Eaton Lost 23% in a Month
• Negative Sentiment: Raymond James lowered its price target to $485 from $525. The cut signals a more cautious view, even though the revised target remains above the share price referenced in the supplied background. Raymond James Adjusts Price Target on Eaton

Insider Buying and Selling

In related news, Director Gerald Johnson acquired 130 shares of the stock in a transaction on Thursday, August 13th. The stock was purchased at an average price of $455.90 per share, for a total transaction of $59,267.00. Following the transaction, the director owned 1,829 shares of the company’s stock, valued at $833,841.10. The trade was a 7.65% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 0.10% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on the company. Mizuho set a $485.00 price objective on Eaton in a research note on Wednesday, November 4th. Deutsche Bank Aktiengesellschaft boosted their target price on shares of Eaton from $493.00 to $521.00 and gave the company a “buy” rating in a research note on Wednesday, September 30th. HSBC upped their target price on shares of Eaton from $440.00 to $460.00 and gave the stock a “buy” rating in a report on Monday, August 3rd. Evercore increased their target price on shares of Eaton from $502.00 to $515.00 and gave the stock an “outperform” rating in a research report on Tuesday, August 11th. Finally, Morgan Stanley lifted their price target on shares of Eaton from $500.00 to $520.00 and gave the company an “overweight” rating in a report on Friday, August 28th. One investment analyst has rated the stock with a Strong Buy rating, twenty have assigned a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat, Eaton has an average rating of “Moderate Buy” and an average target price of $482.09.

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