Knights of Columbus Asset Advisors LLC bought a new position in shares of Eaton Corporation, PLC (NYSE:ETN – Free Report) during the 3rd quarter, Holdings Channel reports. The institutional investor bought 15,789 shares of the industrial products company’s stock, valued at approximately $6,785,000.
Several other institutional investors have also recently added to or reduced their stakes in ETN. Security National Bank of SO Dak acquired a new position in Eaton in the second quarter valued at approximately $26,000. Manning & Napier Advisors LLC purchased a new position in Eaton in the second quarter valued at approximately $27,000. Curry Webb Wealth Management LLC acquired a new stake in Eaton during the third quarter worth approximately $29,000. Boreal Capital Management LLC acquired a new stake in Eaton during the first quarter worth approximately $33,000. Finally, North Point Portfolio Managers Corp OH acquired a new stake in Eaton during the third quarter worth approximately $34,000. Hedge funds and other institutional investors own 82.97% of the company’s stock.
Eaton Price Performance
ETN stock opened at $354.34 on Wednesday. The company has a market capitalization of $137.66 billion, a P/E ratio of 35.40, a PEG ratio of 2.26 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 business has a 50 day simple moving average of $403.30 and a 200-day simple moving average of $396.80. The company has a current ratio of 1.23, a quick ratio of 0.78 and a debt-to-equity ratio of 0.85.
Eaton (NYSE:ETN – Get Free Report) last announced its earnings results on Tuesday, November 3rd. The industrial products company reported $3.68 EPS for the quarter, beating analysts’ consensus estimates of $3.54 by $0.14. The business had revenue of $8.95 billion for the quarter, compared to analysts’ expectations of $8.53 billion. Eaton had a net margin of 12.18% and a return on equity of 25.09%. The company’s quarterly revenue was up 28.0% on a year-over-year basis. During the same period in the previous year, the company posted $3.07 EPS. As a group, equities analysts anticipate that Eaton Corporation, PLC will post 13.78 EPS for the current year.
Eaton Announces Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, November 27th. Shareholders of record on Tuesday, November 10th will be given a dividend of $1.10 per share. This represents a $4.40 annualized dividend and a yield of 1.2%. The ex-dividend date of this dividend is Tuesday, November 10th. Eaton’s dividend payout ratio (DPR) is presently 43.96%.
Insider Transactions at Eaton
In other Eaton news, Director Gerald Johnson acquired 130 shares of the stock in a transaction on Thursday, August 13th. The shares were bought at an average cost of $455.90 per share, with a total value of $59,267.00. Following the transaction, the director owned 1,829 shares of the company’s stock, valued at approximately $833,841.10. This trade represents a 7.65% increase in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Insiders own 0.10% of the company’s stock.
Trending Headlines about Eaton
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
Analyst Ratings Changes
ETN has been the topic of a number of recent analyst reports. Royal Bank Of Canada increased their target price on shares of Eaton from $526.00 to $539.00 and gave the company an “outperform” rating in a research report on Wednesday, November 4th. BMO Capital Markets boosted their price target on shares of Eaton from $477.00 to $487.00 and gave the company an “outperform” rating in a research report on Monday, August 3rd. Mizuho set a $485.00 price objective on shares of Eaton in a research note on Wednesday, November 4th. Sanford C. Bernstein reaffirmed an “outperform” rating and set a $534.00 price objective (up from $509.00) on shares of Eaton in a report on Monday, August 3rd. Finally, Citigroup lifted their target price on Eaton from $485.00 to $498.00 and gave the stock a “buy” rating in a research report on Monday, October 12th. One research analyst has rated the stock with a Strong Buy rating, twenty have issued a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat, Eaton presently has an average rating of “Moderate Buy” and a consensus target price of $482.09.
View Our Latest Analysis on ETN
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.
Further Reading
- Five stocks we like better than Eaton
- Why Kinder Morgan’s Chairman Just Bought $15 Million in Stock
- Rocket Lab’s Record Backlog Could Fuel a Rebound, But Neutron Raises the Stakes
- Don’t Let Their Low Yields Fool You: 3 Dividend Stocks Worth Watching
- A $4 Billion Jolt: NRG Energy Powers Data Center Ambitions
Want to see what other hedge funds are holding ETN? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Eaton Corporation, PLC (NYSE:ETN – Free Report).
Receive News & Ratings for Eaton Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Eaton and related companies with MarketBeat.com's FREE daily email newsletter.
