12,655 Shares of Eaton Corporation, PLC $ETN Purchased by NBT Bank N.A.

Key Points

• NBT Bank acquired 12,655 Eaton shares during the third quarter, valued at approximately $5.44 million. Institutional investors own about 82.97% of Eaton’s outstanding stock.
• Analysts remain broadly bullish, with one Strong Buy, 20 Buy, and two Hold ratings. Eaton has an average “Moderate Buy” rating and a consensus price target of $484.10.
• Eaton shares opened at $368.62, down 6.4%, while the company’s latest quarterly results exceeded expectations with adjusted EPS of $3.15 and revenue of $8.53 billion, up 21.4% year over year.

NBT Bank N.A. bought a new position in shares of Eaton Corporation, PLC (NYSE:ETN - Free Report) in the 3rd quarter, according to its most recent 13F filing with the SEC. The fund bought 12,655 shares of the industrial products company's stock, valued at approximately $5,438,000.

A number of other institutional investors and hedge funds also recently modified their holdings of ETN. Wellington Management Group LLP raised its position in shares of Eaton by 19.6% in the 2nd 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 period. Sustainable Growth Advisers LP bought a new position in Eaton during the 3rd quarter worth approximately $85,752,000. Clal Insurance Enterprises Holdings Ltd grew its holdings 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 valued at $120,199,000 after purchasing an additional 178,000 shares during the period. Munich Reinsurance Co Stock Corp in Munich grew its holdings in Eaton by 24,986.3% during the first quarter. Munich Reinsurance Co Stock Corp in Munich now owns 154,281 shares of the industrial products company's stock valued at $55,182,000 after purchasing an additional 153,666 shares during the period. Finally, Public Employees Retirement System of Ohio acquired a new position in Eaton during the second quarter valued at approximately $64,858,000. 82.97% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several equities research analysts have commented on the stock. Argus upped their target price on shares of Eaton from $475.00 to $528.00 and gave the company a "buy" rating in a research note on Tuesday, August 18th. Robert W. Baird set a $500.00 price target on shares of Eaton and gave the stock an "outperform" rating in a research report on Thursday, August 20th. HSBC boosted their price target on shares of Eaton from $440.00 to $460.00 and gave the company a "buy" rating in a report on Monday, August 3rd. BNP Paribas Exane upped their price objective 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. Finally, UBS Group upgraded shares of Eaton from a "neutral" rating to a "buy" rating and upped their price objective for the company from $450.00 to $515.00 in a research report on Monday, September 7th. One 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's stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $484.10.

Eaton Trading Down 6.4%

NYSE:ETN opened at $368.62 on Friday. Eaton Corporation, PLC has a fifty-two week low of $311.92 and a fifty-two week high of $478.00. The company has a debt-to-equity ratio of 0.91, a current ratio of 1.24 and a quick ratio of 0.79. The stock has a market capitalization of $143.17 billion, a PE ratio of 37.50, a price-to-earnings-growth ratio of 2.28 and a beta of 1.13. The business's 50-day simple moving average is $417.37 and its 200-day simple moving average is $411.34.

Eaton (NYSE:ETN - Get Free Report) last issued its quarterly earnings data on Friday, July 31st. The industrial products company reported $3.15 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.08 by $0.07. Eaton had a return on equity of 24.58% and a net margin of 12.75%. The business had revenue of $8.53 billion during the quarter, compared to analyst estimates of $8.16 billion. During the same period in the previous year, the firm earned $2.95 EPS. Eaton's quarterly revenue 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. Sell-side analysts expect that Eaton Corporation, PLC will post 13.58 earnings per share for the current fiscal year.

Insider Buying and Selling at Eaton

In other news, insider Heath B. Monesmith sold 18,036 shares of the 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 completion of the sale, the insider owned 50,368 shares of the company's stock, valued at $23,070,558.72. This represents a 26.37% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Adam A. Wadecki sold 525 shares of the firm's stock in a transaction on Tuesday, August 4th. The stock was sold at an average price of $440.54, for a total transaction of $231,283.50. Following the sale, the insider owned 1,054 shares in the company, valued at approximately $464,329.16. The trade was a 33.25% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders own 0.10% of the company's stock.

Eaton Company 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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