54,968 Eaton Corporation, PLC $ETN Shares Sold by Allspring Global Investments Holdings LLC

Key Points

• Allspring Global Investments cut its Eaton stake by 13.3% in the third quarter, selling 54,968 shares; it still held 359,086 shares valued at about $157 million.
• Eaton beat quarterly expectations, reporting EPS of $3.68 versus $3.54 expected and revenue of $8.95 billion versus $8.53 billion; revenue rose 28% year over year.
• Analysts’ consensus rating was “Moderate Buy,” with an average price target of $483.91. Eaton also declared a quarterly dividend of $1.10 per share.

Allspring Global Investments Holdings LLC lowered its stake in Eaton Corporation, PLC (NYSE:ETN - Free Report) by 13.3% in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 359,086 shares of the industrial products company's stock after selling 54,968 shares during the quarter. Allspring Global Investments Holdings LLC owned 0.09% of Eaton worth $157,021,000 at the end of the most recent reporting period.

Other hedge funds also recently modified their holdings of the company. Accuvest Global Advisors boosted its position in shares of Eaton by 28.5% during the 3rd quarter. Accuvest Global Advisors now owns 2,009 shares of the industrial products company's stock worth $863,000 after purchasing an additional 446 shares in the last quarter. Burton Enright Welch acquired a new stake in shares of Eaton in the 3rd quarter valued at about $209,000. Beverly Hills Private Wealth LLC increased its position in Eaton by 25.3% in the 3rd quarter. Beverly Hills Private Wealth LLC now owns 2,874 shares of the industrial products company's stock valued at $1,235,000 after buying an additional 581 shares in the last quarter. M Holdings Securities Inc. bought a new stake in Eaton in the 3rd quarter valued at about $2,951,000. Finally, Cullinan Associates Inc. increased its position in Eaton by 16.0% in the 3rd quarter. Cullinan Associates Inc. now owns 4,573 shares of the industrial products company's stock valued at $1,965,000 after buying an additional 630 shares in the last quarter. Institutional investors own 82.97% of the company's stock.

Insider Activity at Eaton

In related news, insider Heath B. Monesmith sold 18,036 shares of the stock in a transaction 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 sale, the insider directly 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 transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Gerald Johnson purchased 130 shares of the stock in a transaction that occurred on Thursday, August 13th. The stock was bought at an average cost of $455.90 per share, with a total value of $59,267.00. Following the completion of the transaction, the director directly owned 1,829 shares in the company, valued at $833,841.10. The trade was a 7.65% increase in their position. The SEC filing for this purchase provides additional information. 0.10% of the stock is owned by insiders.

Eaton Trading Up 0.0%

ETN opened at $341.80 on Monday. Eaton Corporation, PLC has a fifty-two week low of $311.92 and a fifty-two week high of $478.00. The firm has a market capitalization of $132.79 billion, a PE ratio of 34.15, a P/E/G ratio of 2.15 and a beta of 1.15. The company has a debt-to-equity ratio of 0.85, a current ratio of 1.23 and a quick ratio of 0.78. The company's 50-day moving average is $405.12 and its 200 day moving average is $396.59.

Eaton (NYSE:ETN - Get Free Report) last released its quarterly earnings results on Tuesday, November 3rd. The industrial products company reported $3.68 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $3.54 by $0.14. The business had revenue of $8.95 billion during the quarter, compared to the consensus estimate of $8.53 billion. Eaton had a return on equity of 25.09% and a net margin of 12.18%. The company's quarterly revenue was up 28.0% on a year-over-year basis. During the same quarter in the previous year, the business earned $3.07 EPS. As a group, research analysts predict that Eaton Corporation, PLC will post 13.80 earnings per share for the current fiscal 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 issued a $1.10 dividend. This represents a $4.40 dividend on an annualized basis and a dividend yield of 1.3%. The ex-dividend date is Tuesday, November 10th. Eaton's dividend payout ratio (DPR) is currently 43.96%.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on ETN shares. Wells Fargo & Company cut their price target on Eaton from $503.00 to $485.00 and set an "overweight" rating on the stock in a report on Wednesday. Raymond James Financial raised their price objective on Eaton from $465.00 to $525.00 and gave the company an "outperform" rating in a research note on Wednesday, August 5th. Wall Street Zen downgraded Eaton from a "buy" rating to a "hold" rating in a report on Sunday, August 16th. Deutsche Bank Aktiengesellschaft upped their target price on Eaton from $493.00 to $521.00 and gave the stock a "buy" rating in a research report on Wednesday, September 30th. Finally, BNP Paribas Exane increased their target price on Eaton from $490.00 to $500.00 and gave the stock an "outperform" rating in a report on Monday, August 3rd. One analyst has rated the stock with a Strong Buy rating, twenty have assigned a Buy rating and two have assigned a Hold rating to the company's stock. Based on data from MarketBeat.com, Eaton currently has a consensus rating of "Moderate Buy" and a consensus target price of $483.91.

Key Headlines Impacting Eaton

Here are the key news stories impacting Eaton this week:

• Positive Sentiment: Eaton reported record third-quarter results and raised its 2026 outlook again. It beat the supplied consensus estimates, earning $3.68 per share versus $3.54 expected and generating $8.95 billion in revenue versus $8.53 billion expected. Eaton stock lifts 2026 outlook after record third-quarter results
• Positive Sentiment: A record electrical backlog and strong demand from data centers, grid modernization and broader infrastructure investment provide revenue visibility and potential for future growth. Can Eaton Convert Its Record Backlog Into Stronger Earnings?
• Positive Sentiment: Analyst support, including Bernstein maintaining a Buy rating and KeyBanc issuing a Buy, may help underpin investor confidence. Bernstein Sticks to Their Buy Rating for Eaton
• Neutral Sentiment: The stock’s rebound may also reflect a technical bounce after recent selling; one report described industrial shares including Eaton as deeply oversold. Top 3 Industrials Stocks That May Rocket Higher in November
• Negative Sentiment: Investors remain focused on whether Eaton can convert its large backlog into sustained sales and earnings growth. The shares sold off after the results despite the raised outlook, reflecting execution concerns and valuation sensitivity. Eaton Stock Sinks as Q3 Results Fail to Calm Execution Fears
• Negative Sentiment: Eaton sees potential in data-center power systems shifting from AC to DC, but its CEO said the timing of that transition is outside the company’s control. Eaton CEO: AC to DC migration for data centers is real

Eaton Profile

Eaton is a global power management company that designs and manufactures products and services intended to help customers manage electrical, hydraulic and mechanical power. Founded in 1911, the company serves customers across a range of industries, including utilities, commercial buildings, data centers, aerospace and transportation.

Its offerings include electrical distribution and circuit protection equipment, power quality and backup systems, and power management software and services.

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