Eaton Corporation, PLC $ETN Stock Bought by Ethic Inc.

Ethic Inc. lifted its position in shares of Eaton Corporation, PLC (NYSE:ETN) by 3.7% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 51,381 shares of the industrial products company’s stock after buying an additional 1,834 shares during the period. Ethic Inc.’s holdings in Eaton were worth $22,079,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. Wellington Management Group LLP boosted its holdings in Eaton by 19.6% in the second 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 purchased a new stake in Eaton during the third quarter valued at about $85,752,000. Clal Insurance Enterprises Holdings Ltd increased its stake in Eaton by 112.6% during the first quarter. Clal Insurance Enterprises Holdings Ltd now owns 336,060 shares of the industrial products company’s stock worth $120,199,000 after acquiring an additional 178,000 shares during the last quarter. Public Employees Retirement System of Ohio acquired a new stake in Eaton during the second quarter worth about $64,858,000. Finally, Assenagon Asset Management S.A. increased its stake in Eaton by 87.1% during 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 last quarter. 82.97% of the stock is owned by hedge funds and other institutional investors.

Eaton Trading Up 4.5%

NYSE ETN opened at $341.80 on Friday. The stock has a market cap of $132.79 billion, a P/E ratio of 34.15, a PEG ratio of 2.15 and a beta of 1.15. The company’s fifty day simple moving average is $405.12 and its 200-day simple moving average is $396.59. The company has a current ratio of 1.23, a quick ratio of 0.79 and a debt-to-equity ratio of 0.85. Eaton Corporation, PLC has a 52 week low of $311.92 and a 52 week high of $478.00.

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

Eaton Dividend Announcement

The company 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 $1.10 dividend. This represents a $4.40 dividend on an annualized basis and a yield of 1.3%. The ex-dividend date of this dividend is Tuesday, November 10th. Eaton’s dividend payout ratio is presently 43.96%.

Insider Transactions at Eaton

In related news, insider Heath B. Monesmith sold 18,036 shares of the business’s stock in a transaction dated Tuesday, August 11th. The stock was sold at an average price of $458.04, for a total value of $8,261,209.44. Following the transaction, the insider owned 50,368 shares in the company, valued at approximately $23,070,558.72. The trade was 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, Director Gerald Johnson purchased 130 shares of the business’s stock in a transaction that occurred on Thursday, August 13th. The stock was acquired at an average price of $455.90 per share, for a total transaction of $59,267.00. Following the purchase, the director owned 1,829 shares of the company’s stock, valued at approximately $833,841.10. This represents a 7.65% increase in their position. The SEC filing for this purchase provides additional information. Corporate insiders own 0.10% of the company’s stock.

Eaton News Roundup

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

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on ETN. UBS Group upgraded Eaton from a “neutral” rating to a “buy” rating and raised their price objective for the stock from $450.00 to $515.00 in a report on Monday, September 7th. Argus boosted their target price on Eaton from $475.00 to $528.00 and gave the stock a “buy” rating in a report on Tuesday, August 18th. Morgan Stanley increased their target price on shares of Eaton from $500.00 to $520.00 and gave the stock an “overweight” rating in a research report on Friday, August 28th. Mizuho set a $485.00 target price on shares of Eaton in a research report on Wednesday. Finally, Deutsche Bank Aktiengesellschaft raised their price target on shares of Eaton from $493.00 to $521.00 and gave the company a “buy” rating in a report on Wednesday, September 30th. 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 stock. Based on data from MarketBeat.com, Eaton presently has an average rating of “Moderate Buy” and an average price target of $483.91.

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.