Bank Pictet & Cie Europe AG lowered its stake in shares of Eaton Corporation, PLC (NYSE:ETN – Free Report) by 3.5% during the third quarter, Holdings Channel.com reports. The firm owned 150,231 shares of the industrial products company’s stock after selling 5,402 shares during the quarter. Eaton makes up about 1.2% of Bank Pictet & Cie Europe AG’s investment portfolio, making the stock its 24th biggest position. Bank Pictet & Cie Europe AG’s holdings in Eaton were worth $64,556,000 at the end of the most recent reporting period.
A number of other institutional investors also recently added to or reduced their stakes in ETN. 55 North Private Wealth LLC grew its stake in Eaton by 21.1% in the third quarter. 55 North Private Wealth LLC now owns 826 shares of the industrial products company’s stock valued at $355,000 after purchasing an additional 144 shares during the last quarter. Dagco Inc. raised its holdings in Eaton by 0.4% in the third quarter. Dagco Inc. now owns 9,175 shares of the industrial products company’s stock worth $3,943,000 after purchasing an additional 35 shares in the last quarter. Cypress Capital LLC lifted its position in shares of Eaton by 1.4% during the third quarter. Cypress Capital LLC now owns 7,132 shares of the industrial products company’s stock valued at $3,065,000 after buying an additional 96 shares during the last quarter. CWA Asset Management Group LLC lifted its position in shares of Eaton by 4.0% during the third quarter. CWA Asset Management Group LLC now owns 7,050 shares of the industrial products company’s stock valued at $3,030,000 after buying an additional 274 shares during the last quarter. Finally, CFS Investment Advisory Services LLC boosted its holdings in shares of Eaton by 9.5% in the 3rd quarter. CFS Investment Advisory Services LLC now owns 1,152 shares of the industrial products company’s stock valued at $513,000 after buying an additional 100 shares in the last quarter. Institutional investors own 82.97% of the company’s stock.
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?
Insiders Place Their Bets
In other news, insider Heath B. Monesmith sold 18,036 shares of the business’s stock in a transaction on Tuesday, August 11th. The shares were sold at an average price of $458.04, for a total transaction of $8,261,209.44. Following the sale, the insider directly owned 50,368 shares of the company’s stock, valued at $23,070,558.72. The trade was a 26.37% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Gerald Johnson bought 130 shares of the business’s stock in a transaction that occurred on Thursday, August 13th. The stock was purchased at an average cost of $455.90 per share, for a total transaction of $59,267.00. Following the completion of the transaction, the director owned 1,829 shares in the company, valued at $833,841.10. This trade represents a 7.65% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Corporate insiders own 0.10% of the company’s stock.
Eaton Stock Down 2.9%
Shares of ETN stock traded down $11.21 during trading hours on Tuesday, reaching $380.30. 1,365,450 shares of the company’s stock were exchanged, compared to its average volume of 2,518,818. Eaton Corporation, PLC has a 1 year low of $311.92 and a 1 year high of $478.00. The company has a current ratio of 1.24, a quick ratio of 0.79 and a debt-to-equity ratio of 0.91. The stock has a market cap of $147.71 billion, a PE ratio of 38.76, a PEG ratio of 2.27 and a beta of 1.13. The stock’s fifty day moving average price is $421.96 and its two-hundred day moving average price is $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 EPS for the quarter, beating the consensus estimate of $3.08 by $0.07. The firm had revenue of $8.53 billion during the quarter, compared to analyst estimates of $8.16 billion. Eaton had a net margin of 12.75% and a return on equity of 24.58%. Eaton’s revenue was up 21.4% on a year-over-year basis. During the same period last year, the firm posted $2.95 EPS. Eaton has set its Q3 2026 guidance at 3.460-3.560 EPS and its FY 2026 guidance at 13.400-13.600 EPS. Research analysts predict that Eaton Corporation, PLC will post 13.57 EPS for the current year.
Eaton Dividend Announcement
The business also recently declared a quarterly dividend, which was paid on Friday, August 28th. Shareholders of record on Friday, August 7th were issued a $1.10 dividend. The ex-dividend date of this dividend was Friday, August 7th. This represents a $4.40 dividend on an annualized basis and a dividend yield of 1.2%. Eaton’s dividend payout ratio (DPR) is currently 44.76%.
Wall Street Analysts Forecast Growth
A number of research analysts have recently issued reports on the stock. Weiss Ratings raised shares of Eaton from a “buy (b-)” rating to a “buy (b)” rating in a research report on Thursday, October 8th. BNP Paribas Exane increased their target price on shares of Eaton from $490.00 to $500.00 and gave the company an “outperform” rating in a research report on Monday, August 3rd. Citigroup increased their target price on shares of Eaton from $485.00 to $498.00 and gave the company a “buy” rating in a research report on Monday, October 12th. Evercore raised their target price on shares of Eaton from $502.00 to $515.00 and gave the company an “outperform” rating in a research note on Tuesday, August 11th. Finally, Rothschild & Co Redburn lifted their price target on shares of Eaton from $386.00 to $403.00 and gave the stock a “neutral” rating in a report on Wednesday, September 30th. One analyst has rated the stock with a Strong Buy rating, twenty have given a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $484.10.
View Our Latest Analysis on ETN
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.
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