Prime Capital Investment Advisors LLC cut its holdings in Eaton Corporation, PLC (NYSE:ETN – Free Report) by 5.0% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 80,106 shares of the industrial products company’s stock after selling 4,221 shares during the quarter. Prime Capital Investment Advisors LLC’s holdings in Eaton were worth $34,423,000 as of its most recent filing with the SEC.
A number of other institutional investors and hedge funds have also made changes to their positions in ETN. Security National Bank of SO Dak acquired a new stake in shares of Eaton during the second quarter worth about $26,000. Manning & Napier Advisors LLC acquired a new position in Eaton in the 2nd quarter valued at about $27,000. North Point Portfolio Managers Corp OH acquired a new position in Eaton in the 3rd quarter valued at about $34,000. Archer Investment Corp purchased a new stake in Eaton during the 2nd quarter valued at approximately $35,000. Finally, Boreal Capital Management LLC purchased a new stake in Eaton during the 1st quarter valued at approximately $33,000. 82.97% of the stock is owned by hedge funds and other institutional investors.
Wall Street Analysts Forecast Growth
Several research analysts have weighed in on the company. Raymond James Financial lifted their target price on Eaton from $465.00 to $525.00 and gave the company an “outperform” rating in a research note on Wednesday, August 5th. Wells Fargo & Company started coverage on Eaton in a research note on Thursday, September 24th. They set an “overweight” rating and a $503.00 price target for the company. Citigroup increased their price target on Eaton from $485.00 to $498.00 and gave the stock a “buy” rating in a report on Monday, October 12th. Sanford C. Bernstein reiterated an “outperform” rating and issued a $534.00 price objective (up from $509.00) on shares of Eaton in a research report on Monday, August 3rd. Finally, Robert W. Baird set a $500.00 price objective on shares of Eaton and gave the company an “outperform” rating in a research note on Thursday, August 20th. One equities research analyst has rated the stock with a Strong Buy rating, twenty have assigned a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $484.10.
View Our Latest Stock Analysis on Eaton
Insider Buying and Selling
In other Eaton news, Director Gerald Johnson acquired 130 shares of the company’s stock in a transaction that occurred on Thursday, August 13th. The shares were purchased at an average price of $455.90 per share, with a total value of $59,267.00. Following the completion of the acquisition, the director directly owned 1,829 shares of the company’s stock, valued at approximately $833,841.10. The trade was a 7.65% increase in their position. The acquisition was disclosed in a filing with the SEC, which is available through this hyperlink. Also, insider Heath Monesmith sold 18,036 shares of the company’s stock in a transaction on Tuesday, August 11th. The stock was sold at an average price of $458.04, for a total transaction of $8,261,209.44. Following the transaction, the insider directly owned 50,368 shares in the company, valued at approximately $23,070,558.72. This trade represents a 26.37% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 0.10% of the stock is currently owned by corporate insiders.
Key Headlines Impacting Eaton
Here are the key news stories impacting Eaton this week:
- Positive Sentiment: Eaton’s second-quarter electrical backlog rose 43% year over year, while companywide organic sales increased 14%. The backlog highlights continued demand from data centers, grid modernization and broader electrification, although investors will want evidence that orders convert into durable earnings and cash flow without excessive capital spending. Eaton: Will Its Electrical Backlog Translate Into Lasting Earnings Power?
- Positive Sentiment: The company previously exceeded quarterly expectations, reporting $3.15 in earnings per share versus the $3.08 consensus and revenue of $8.53 billion versus expectations of $8.16 billion. Management’s 2026 guidance calls for third-quarter EPS of $3.46–$3.56 and full-year EPS of $13.40–$13.60.
- Neutral Sentiment: Eaton will release third-quarter results on November 3 and hold an investor conference call the same day. The announcement itself provides no change to guidance, but the upcoming report could clarify backlog conversion, margins, cash flow and demand trends. Eaton to announce third-quarter 2026 earnings
- Negative Sentiment: At roughly 39.7 times earnings, Eaton trades above its recent 12-quarter average multiple of 35.9 times. That premium leaves less room for disappointing guidance or slower backlog conversion, particularly after the stock’s weaker performance than the broader market over the past year. What Could Eaton Stock Be Worth In Three Years?
- Negative Sentiment: Analyst comparisons currently favor Forgent over Eaton as a data-center power investment, citing Forgent’s faster projected earnings growth and backlog coverage. This may be encouraging investors to rotate toward higher-growth alternatives. Forgent vs. Eaton: Which Data Center Power Stock Is the Better Buy?
Eaton Stock Performance
NYSE:ETN traded down $10.18 during mid-day trading on Tuesday, reaching $381.32. The stock had a trading volume of 1,506,512 shares, compared to its average volume of 2,519,281. The company has a debt-to-equity ratio of 0.91, a quick ratio of 0.79 and a current ratio of 1.24. The firm has a market capitalization of $148.10 billion, a price-to-earnings ratio of 38.80, a PEG ratio of 2.27 and a beta of 1.13. 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 $421.96 and a 200 day simple moving average of $410.95.
Eaton (NYSE:ETN – Get Free Report) last announced its quarterly earnings data on Friday, July 31st. The industrial products company reported $3.15 earnings per share for the quarter, beating analysts’ consensus estimates of $3.08 by $0.07. Eaton had a return on equity of 24.58% and a net margin of 12.75%. The company had revenue of $8.53 billion for the quarter, compared to analyst estimates of $8.16 billion. During the same quarter in the previous year, the company earned $2.95 EPS. The firm’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. On average, analysts expect that Eaton Corporation, PLC will post 13.57 earnings per share for the current fiscal year.
Eaton Dividend Announcement
The firm also recently declared a quarterly dividend, which was paid on Friday, August 28th. Investors of record on Friday, August 7th were paid a $1.10 dividend. The ex-dividend date was Friday, August 7th. This represents a $4.40 dividend on an annualized basis and a dividend yield of 1.2%. Eaton’s payout ratio is 44.76%.
Eaton Profile
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.
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