Eaton Corporation, PLC $ETN Holdings Lessened by Annex Advisory Services LLC

Annex Advisory Services LLC lessened its stake in Eaton Corporation, PLC (NYSE:ETN - Free Report) by 48.6% during the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 13,163 shares of the industrial products company's stock after selling 12,430 shares during the quarter. Annex Advisory Services LLC's holdings in Eaton were worth $5,656,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Wellington Management Group LLP grew its stake in 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 in the last quarter. National Pension Service grew its position in shares of Eaton by 3.5% during the second quarter. National Pension Service now owns 864,731 shares of the industrial products company's stock valued at $368,479,000 after purchasing an additional 29,436 shares in the last quarter. Assenagon Asset Management S.A. grew its position in shares of Eaton by 87.1% during the third 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 in the last quarter. Clal Insurance Enterprises Holdings Ltd increased its holdings in shares of Eaton by 112.6% in the first quarter. Clal Insurance Enterprises Holdings Ltd now owns 336,060 shares of the industrial products company's stock worth $120,199,000 after purchasing an additional 178,000 shares during the last quarter. Finally, Bartlett & CO. Wealth Management LLC increased its holdings in shares of Eaton by 12.1% in the first quarter. Bartlett & CO. Wealth Management LLC now owns 266,845 shares of the industrial products company's stock worth $95,442,000 after purchasing an additional 28,815 shares during the last quarter. Institutional investors own 82.97% of the company's stock.

Insider Activity at Eaton

In related news, insider Adam A. Wadecki sold 525 shares of Eaton stock in a transaction dated 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 sale, the insider directly owned 1,054 shares in the company, valued at $464,329.16. The trade was a 33.25% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Gerald Johnson acquired 130 shares of the stock in a transaction that occurred on Thursday, August 13th. The stock was acquired at an average cost of $455.90 per share, with a total value of $59,267.00. Following the completion of the purchase, the director owned 1,829 shares of the company's stock, valued at $833,841.10. This trade represents a 7.65% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. 0.10% of the stock is currently owned by company insiders.

Eaton Stock Performance

Shares of Eaton stock opened at $390.39 on Friday. The stock's fifty day moving average is $423.02 and its two-hundred day moving average is $410.24. The company has a market capitalization of $151.63 billion, a PE ratio of 32.56, a price-to-earnings-growth ratio of 2.34 and a beta of 1.13. The company has a quick ratio of 0.79, a current ratio of 1.24 and a debt-to-equity ratio of 0.91. Eaton Corporation, PLC has a 52 week low of $311.92 and a 52 week high of $478.00.

Eaton (NYSE:ETN - Get Free Report) last released its earnings results on Friday, July 31st. The industrial products company reported $3.15 earnings per share for the quarter, topping analysts' consensus estimates 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 for the quarter, compared to analyst estimates of $8.16 billion. During the same quarter last year, the firm posted $2.95 earnings per share. The business'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. As a group, analysts expect that Eaton Corporation, PLC will post 13.57 earnings per share for the current year.

Eaton Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, August 28th. Investors of record on Friday, August 7th were paid a $1.10 dividend. This represents a $4.40 annualized dividend and a yield of 1.1%. The ex-dividend date of this dividend was Friday, August 7th. Eaton's dividend payout ratio (DPR) is currently 44.76%.

Analyst Ratings Changes

A number of brokerages recently commented on ETN. Argus increased their price target on Eaton from $475.00 to $528.00 and gave the company a "buy" rating in a research note on Tuesday, August 18th. HSBC upped 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. Weiss Ratings upgraded Eaton from a "buy (b-)" rating to a "buy (b)" rating in a research report on Thursday, October 8th. UBS Group upgraded shares of Eaton from a "neutral" rating to a "buy" rating and boosted their price target for the stock from $450.00 to $515.00 in a research report on Monday, September 7th. Finally, Deutsche Bank Aktiengesellschaft boosted their price target on shares of Eaton from $493.00 to $521.00 and gave the stock a "buy" rating in a research 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. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $484.10.

Key Headlines Impacting Eaton

Here are the key news stories impacting Eaton this week:

• Positive Sentiment: Unusually high options activity included approximately 48,136 call options, roughly eight times typical daily call volume, suggesting that some institutional traders are positioning for potential upside. Unusual options activity article
• Positive Sentiment: RBC Capital remains constructive on Eaton, with a reported price target of $484, while the median target from six analysts is $458. The bullish view reflects ongoing demand for electrical infrastructure, grid modernization and data-center power systems. Royal Bank of Canada Eaton forecast
• Neutral Sentiment: Eaton will report third-quarter 2026 results on November 3. Analysts reportedly expect a double-digit year-over-year EPS decline, making the release an important near-term catalyst; however, the company’s previously provided full-year adjusted EPS guidance remains $13.40 to $13.60. Eaton Q3 earnings expectations
• Neutral Sentiment: Eaton reorganized its Mobility segment in the first quarter and is updating historical reporting to reflect the new structure. The change should improve comparability but may create temporary uncertainty when investors assess segment trends. Eaton reporting update
• Negative Sentiment: The recent pullback appears largely sentiment-driven, with investors rotating away from infrastructure and AI-related beneficiaries. Concerns about margin compression, higher input costs and Eaton’s elevated valuation are adding pressure despite strong prior sales, orders and backlog trends. Eaton infrastructure stock analysis

About Eaton

Eaton Corporation plc NYSE: ETN is a global power management company that helps customers manage electrical, hydraulic and mechanical power more safely, efficiently and reliably. Its products and systems serve commercial, industrial, utility, data center, residential, aerospace, vehicle and mobility applications.

The company's electrical businesses provide circuit protection and control equipment, power distribution systems, connectivity solutions, backup power and other technologies used to support critical infrastructure and improve energy efficiency.

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