3,265 Eaton Corporation, PLC $ETN Shares Bought by Asset Management One Co. Ltd.

Key Points

• Asset Management One increased its Eaton stake by 1.9%, purchasing 3,265 shares to own 172,862 shares valued at approximately $74.3 million. Institutional investors collectively hold 82.97% of Eaton’s stock.
• Eaton recently beat quarterly expectations with EPS of $3.15 versus the $3.08 consensus, while revenue rose 21.4% year over year to $8.53 billion. Management issued 2026 EPS guidance of $13.40–$13.60.
• Analyst sentiment remains positive, with a consensus “Moderate Buy” rating and a $484.10 price target. Eaton is also benefiting from expectations for earnings growth, higher long-term estimates and demand from AI-related data-center infrastructure.

Asset Management One Co. Ltd. boosted its position in shares of Eaton Corporation, PLC (NYSE:ETN - Free Report) by 1.9% in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 172,862 shares of the industrial products company's stock after buying an additional 3,265 shares during the quarter. Asset Management One Co. Ltd.'s holdings in Eaton were worth $74,281,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also added to or reduced their stakes in ETN. Security National Bank of SO Dak bought a new stake in Eaton in the 2nd quarter worth $26,000. Manning & Napier Advisors LLC purchased a new position in shares of Eaton in the second quarter valued at about $27,000. Curry Webb Wealth Management LLC purchased a new position in shares of Eaton in the third quarter valued at about $29,000. North Point Portfolio Managers Corp OH bought a new position in shares of Eaton during the third quarter valued at about $34,000. Finally, Archer Investment Corp bought a new position in shares of Eaton during the second quarter valued at about $35,000. Hedge funds and other institutional investors own 82.97% of the company's stock.

Eaton Trading Up 3.2%

NYSE:ETN opened at $383.78 on Wednesday. The company has a 50-day moving average price of $413.39 and a 200-day moving average price of $395.18. Eaton Corporation, PLC has a 12 month low of $311.92 and a 12 month high of $478.00. The stock has a market cap of $149.06 billion, a price-to-earnings ratio of 39.04 and a beta of 1.13.

Eaton (NYSE:ETN - Get Free Report) last announced its quarterly earnings results 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. The company had revenue of $8.53 billion for the quarter, compared to analysts' expectations of $8.16 billion. During the same quarter in the prior 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. Equities analysts forecast that Eaton Corporation, PLC will post 13.59 EPS for the current fiscal year.

Analyst Ratings Changes

Several analysts recently issued reports on ETN shares. Rothschild & Co Redburn raised their target price on Eaton from $386.00 to $403.00 and gave the stock a "neutral" rating in a research note on Wednesday, September 30th. Morgan Stanley boosted their price target on Eaton from $500.00 to $520.00 and gave the company an "overweight" rating in a report on Friday, August 28th. Raymond James Financial upped their price target on Eaton from $465.00 to $525.00 and gave the company an "outperform" rating in a research report on Wednesday, August 5th. HSBC increased their price objective on Eaton from $440.00 to $460.00 and gave the stock a "buy" rating in a report on Monday, August 3rd. Finally, Wells Fargo & Company began coverage on Eaton in a research report on Thursday, September 24th. They issued an "overweight" rating and a $503.00 price objective on the stock. One research analyst has rated the stock with a Strong Buy rating, twenty have issued a Buy rating and two have assigned a Hold rating to the company's stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $484.10.

Key Headlines Impacting Eaton

Here are the key news stories impacting Eaton this week:

• Positive Sentiment: Positive earnings expectations: Zacks says Eaton has factors supporting a likely earnings beat in next week’s report. Analysts expect earnings growth, building on the company’s latest quarter, when revenue rose 21.4% year over year and EPS exceeded consensus estimates. Eaton Earnings Expected to Grow
• Positive Sentiment: Analysts raise long-term estimates: Zacks Research increased its Q3 2027 EPS estimate to $4.35 from $4.25 and its Q3 2028 estimate to $4.70 from $4.58. Higher forecasts suggest improving confidence in Eaton’s growth outlook. Eaton Stock Gets Increased EPS Forecast
• Positive Sentiment: Dividend maintained: Eaton declared a quarterly dividend of $1.10 per ordinary share, payable November 27 to shareholders of record November 10. The company has paid annual dividends since 1923, reinforcing its shareholder-return profile. Eaton Declares Quarterly Dividend
• Positive Sentiment: AI and data-center exposure: Investor commentary highlights Eaton’s data-center business as a beneficiary of expanding AI infrastructure investment, supporting the broader growth narrative around intelligent power management. Eaton Data Center Business and AI Infrastructure
• Neutral Sentiment: Eaton recently outperformed the broader market, indicating favorable near-term momentum, although the report provided no new company-specific fundamental information. Eaton Outpaces Stock Market Gains

Insiders Place Their Bets

In other news, insider Heath Monesmith sold 18,036 shares of the stock in a transaction that occurred on 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 completion of the transaction, the insider owned 50,368 shares of the company's stock, valued at approximately $23,070,558.72. This represents a 26.37% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Gerald Johnson bought 130 shares of the stock in a transaction dated Thursday, August 13th. The stock was purchased at an average price of $455.90 per share, with a total value of $59,267.00. Following the purchase, 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. 0.10% of the stock is currently owned by company insiders.

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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