Brookstone Capital Management Sells 4,138 Shares of Eaton Corporation, PLC $ETN

Key Points

• Brookstone Capital Management cut its Eaton stake by 13%, selling 4,138 shares and retaining 27,701 shares valued at approximately $11.9 million. Despite the reduction, institutional investors collectively own 82.97% of Eaton.
• Eaton reported quarterly earnings of $3.15 per share, beating estimates of $3.08, while revenue rose 21.4% year over year to $8.53 billion. The company maintained fiscal 2026 EPS guidance of $13.40–$13.60.
• Analyst sentiment remains broadly positive, with Eaton carrying a “Moderate Buy” consensus rating and an average price target of $484.10, although one firm recently downgraded the stock to “Hold” and Baird lowered its price target to $485.

Brookstone Capital Management reduced its stake in shares of Eaton Corporation, PLC (NYSE:ETN - Free Report) by 13.0% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 27,701 shares of the industrial products company's stock after selling 4,138 shares during the quarter. Brookstone Capital Management's holdings in Eaton were worth $11,904,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of ETN. Wellington Management Group LLP lifted its stake in shares of Eaton by 19.6% during the second 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. National Pension Service raised its holdings in Eaton by 3.5% during the 2nd quarter. National Pension Service now owns 864,731 shares of the industrial products company's stock worth $368,479,000 after purchasing an additional 29,436 shares during the last quarter. AMF Tjanstepension AB raised its holdings in Eaton by 1.4% during the 3rd quarter. AMF Tjanstepension AB now owns 364,814 shares of the industrial products company's stock worth $156,764,000 after purchasing an additional 5,168 shares during the last quarter. Assenagon Asset Management S.A. lifted its position in Eaton by 87.1% during the 3rd quarter. Assenagon Asset Management S.A. now owns 282,750 shares of the industrial products company's stock valued at $121,501,000 after purchasing an additional 131,624 shares during the period. Finally, Clal Insurance Enterprises Holdings Ltd lifted its position in Eaton by 112.6% during the 1st 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. Institutional investors and hedge funds own 82.97% of the company's stock.

Insiders Place Their Bets

In related news, Director Gerald Johnson acquired 130 shares of the stock in a transaction dated Thursday, August 13th. The stock was bought 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 directly owned 1,829 shares of the company's stock, valued at $833,841.10. The trade was a 7.65% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Adam A. Wadecki sold 525 shares of Eaton stock in a transaction that occurred on Tuesday, August 4th. The stock was sold at an average price of $440.54, for a total value of $231,283.50. Following the completion of the transaction, the insider directly owned 1,054 shares in the company, valued at approximately $464,329.16. This represents a 33.25% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders own 0.10% of the company's stock.

Eaton Price Performance

Shares of ETN opened at $366.12 on Friday. The company has a current ratio of 1.24, a quick ratio of 0.79 and a debt-to-equity ratio of 0.91. Eaton Corporation, PLC has a 1-year low of $311.92 and a 1-year high of $478.00. The company's fifty day simple moving average is $415.65 and its 200 day simple moving average is $411.02. The company has a market cap of $142.20 billion, a price-to-earnings ratio of 29.85, a PEG ratio of 2.14 and a beta of 1.13.

Eaton (NYSE:ETN - Get Free Report) last announced its earnings results on Friday, July 31st. The industrial products company reported $3.15 EPS for the quarter, topping the consensus estimate of $3.08 by $0.07. Eaton had a net margin of 12.75% and a return on equity of 24.58%. The business had revenue of $8.53 billion during the quarter, compared to the consensus estimate of $8.16 billion. During the same quarter in the previous year, the firm posted $2.95 EPS. Eaton's 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. On average, research analysts forecast that Eaton Corporation, PLC will post 13.59 earnings per share for the current fiscal year.

Key Stories Impacting Eaton

Here are the key news stories impacting Eaton this week:

• Positive Sentiment: Analysts continue to raise their earnings outlook. Zacks lifted its fourth-quarter 2026 EPS estimate to $4.04 from $4.03, while Erste Group raised its fiscal 2026 estimate to $13.59 and fiscal 2027 forecast to $16.32. These revisions suggest expectations for continued growth in Eaton’s higher-margin electrical and data-center businesses. Eaton earnings estimate revisions
• Positive Sentiment: Eaton was highlighted for its energy-efficient electrical products and recognized by IBD as one of the Most Sustainable Companies for a second consecutive year. Its focus on efficient power infrastructure may benefit from expanding electricity and data-center demand. Eaton sustainable profits
• Neutral Sentiment: Eaton has scheduled its next results for November 3. Investors will look for confirmation of its current fiscal 2026 EPS guidance of $13.40–$13.60 and indications that demand from data centers and electrical infrastructure remains strong. Eaton schedules November 3 results
• Negative Sentiment: Baird lowered its price target for ETN to $485 from $500. Although the revised target remains well above recent trading levels, the cut can weigh on sentiment, particularly with the stock trading below its 50-day and 200-day moving averages. Baird cuts Eaton price target
• Negative Sentiment: The shares recently fell 6.33% in one session, indicating broad near-term selling pressure. With quarterly results approaching and valuation still elevated at roughly 37 times earnings, investors may be locking in gains or reducing exposure until Eaton reports. Eaton shares decline more than the market

Wall Street Analyst Weigh In

ETN has been the topic of several recent research reports. Wall Street Zen lowered shares of Eaton from a "buy" rating to a "hold" rating in a research note on Sunday, August 16th. Robert W. Baird set a $500.00 price target on shares of Eaton and gave the stock an "outperform" rating in a research note on Thursday, August 20th. Raymond James Financial increased their price objective on shares of Eaton from $465.00 to $525.00 and gave the company an "outperform" rating in a report on Wednesday, August 5th. Royal Bank Of Canada raised their price objective on shares of Eaton from $512.00 to $526.00 and gave the company an "outperform" rating in a research note on Wednesday, October 14th. Finally, Wells Fargo & Company started coverage on shares of Eaton in a report on Thursday, September 24th. They set an "overweight" rating and a $503.00 target price for the company. One 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. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $484.10.

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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