Eaton Corporation, PLC $ETN Stock: Kestra Advisory Services LLC Grows Holdings

Kestra Advisory Services LLC grew its stake in shares of Eaton Corporation, PLC (NYSE:ETN) by 1.1% in the third quarter, HoldingsChannel.com reports. The firm owned 201,522 shares of the industrial products company’s stock after purchasing an additional 2,236 shares during the period. Kestra Advisory Services LLC’s holdings in Eaton were worth $86,596,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Assenagon Asset Management S.A. grew its holdings 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 buying an additional 131,624 shares in the last quarter. Sustainable Growth Advisers LP bought a new stake in shares of Eaton in the 3rd quarter worth $85,752,000. Wedmont Private Capital raised its holdings in shares of Eaton by 69.6% in the third quarter. Wedmont Private Capital now owns 11,413 shares of the industrial products company’s stock valued at $4,845,000 after purchasing an additional 4,684 shares during the last quarter. Envestnet Portfolio Solutions Inc. raised its holdings in shares of Eaton by 5.5% in 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 purchasing an additional 3,638 shares during the last quarter. Finally, IFP Advisors Inc lifted its position in shares of Eaton by 48.2% during the third 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. 82.97% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other news, Director Gerald Johnson acquired 130 shares of the company’s stock in a transaction that occurred on Thursday, August 13th. The shares were acquired at an average price of $455.90 per share, for a total transaction of $59,267.00. Following the completion of the purchase, the director owned 1,829 shares in the company, valued at approximately $833,841.10. This trade represents a 7.65% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, insider Heath B. Monesmith sold 18,036 shares of the company’s stock in a transaction that occurred 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 completion of 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 position. Additional details regarding this sale are available in the official SEC disclosure. 0.10% of the stock is owned by corporate insiders.

Eaton Trading Down 7.7%

NYSE ETN opened at $325.97 on Friday. The business’s fifty day moving average is $406.61 and its 200-day moving average is $396.56. The company has a debt-to-equity ratio of 0.85, a current ratio of 1.23 and a quick ratio of 0.79. The stock has a market capitalization of $126.61 billion, a price-to-earnings ratio of 32.56, a PEG ratio of 2.01 and a beta of 1.15. Eaton Corporation, PLC has a one year low of $311.92 and a one year high of $478.00.

Eaton (NYSE:ETN) last posted its quarterly earnings results on Tuesday, November 3rd. The industrial products company reported $3.68 earnings per share for the quarter, beating the consensus estimate of $3.54 by $0.14. Eaton had a net margin of 12.18% and a return on equity of 25.09%. The company had revenue of $8.95 billion during the quarter, compared to analyst estimates of $8.53 billion. During the same quarter in the prior year, the business earned $3.07 earnings per share. The firm’s revenue for the quarter was up 28.0% on a year-over-year basis. Equities research analysts predict that Eaton Corporation, PLC will post 13.82 EPS for the current year.

Eaton Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, November 27th. Stockholders of record on Tuesday, November 10th will be given a dividend of $1.10 per share. This represents a $4.40 dividend on an annualized basis and a dividend yield of 1.3%. The ex-dividend date of this dividend is Tuesday, November 10th. Eaton’s dividend payout ratio is currently 43.96%.

Eaton News Summary

Here are the key news stories impacting Eaton this week:

• Positive Sentiment: Eaton reported record third-quarter revenue of about $8.9 billion and adjusted EPS of $3.68, while its electrical backlog reached roughly $20 billion. Management raised its 2026 organic-growth and earnings outlook and described stronger demand heading into 2027. Eaton Q3 Earnings Call Highlights Stronger 2027 Growth Outlook
• Positive Sentiment: Growth in data centers and the Boyd Thermal business, which provides chip-cooling solutions, is adding to Eaton’s opportunity in power infrastructure. RBC raised its price target to $539 and maintained an outperform rating; Bernstein and KeyBanc also reiterated Buy ratings. What’s Going On With Eaton Shares On Wednesday?
• Neutral Sentiment: Eaton says the shift from AC to DC power in data centers is real and is investing in solid-state transformers to pursue it. However, CEO Paulo Ruiz cautioned that the timing of the transition is outside the company’s control. Eaton CEO: AC to DC migration for data centers is real
• Negative Sentiment: The strong results and raised guidance did not ease market concerns about execution, contributing to a sharp selloff after the earnings report. The reaction suggests investors may be focused on whether Eaton can deliver on ambitious expectations, rather than just its current results. Eaton Stock Sinks As Q3 Results Fail To Calm Execution Fears

Analyst Upgrades and Downgrades

ETN has been the subject of a number of recent analyst reports. Raymond James Financial upped their price objective on shares of Eaton from $465.00 to $525.00 and gave the stock an “outperform” rating in a research report on Wednesday, August 5th. HSBC lifted their target price on shares of Eaton from $440.00 to $460.00 and gave the stock a “buy” rating in a research report on Monday, August 3rd. Evercore boosted their target price on Eaton from $502.00 to $515.00 and gave the stock an “outperform” rating in a research note on Tuesday, August 11th. Weiss Ratings lowered Eaton from a “buy (b)” rating to a “buy (b-)” rating in a report on Friday, October 23rd. Finally, Citigroup increased their price target on Eaton from $485.00 to $498.00 and gave the company a “buy” rating in a research report on Monday, October 12th. One analyst has rated the stock with a Strong Buy rating, twenty have issued a Buy rating and two have given a Hold rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $483.91.

About Eaton

Eaton Corporation plc is a global intelligent power management company that helps businesses, utilities, data centers, manufacturers and other organizations manage electrical, hydraulic and mechanical power more safely, efficiently and reliably. Its solutions support applications ranging from power distribution and backup systems to industrial automation, building infrastructure and transportation.

The company’s Electrical segment provides products and systems such as circuit breakers, switchgear, power distribution equipment, surge protection, energy management software and data center power solutions.