Eaton Corporation, PLC $ETN Holdings Reduced by Alps Advisors Inc.

Key Points

• Alps Advisors reduced its Eaton stake by 18.2% in the third quarter, selling 3,180 shares and ending the period with 14,330 shares valued at about $6.16 million. Institutional investors collectively own 82.97% of Eaton shares.
• Eaton beat quarterly estimates, reporting $3.68 in earnings per share and $8.95 billion in revenue; revenue rose 28% year over year.
• Analysts maintained a broadly positive view, with a “Moderate Buy” consensus and an average price target of $483.91. Eaton also declared a quarterly dividend of $1.10 per share.

Alps Advisors Inc. lowered its stake in shares of Eaton Corporation, PLC (NYSE:ETN - Free Report) by 18.2% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 14,330 shares of the industrial products company's stock after selling 3,180 shares during the quarter. Alps Advisors Inc.'s holdings in Eaton were worth $6,158,000 at the end of the most recent quarter.

Several other large investors have also modified their holdings of ETN. Assenagon Asset Management S.A. grew its holdings in Eaton by 87.1% in 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 during the period. Sustainable Growth Advisers LP purchased a new position in Eaton during the third quarter worth approximately $85,752,000. Envestnet Portfolio Solutions Inc. raised its stake in Eaton by 5.5% during the second quarter. Envestnet Portfolio Solutions Inc. now owns 69,297 shares of the industrial products company's stock worth $29,529,000 after purchasing an additional 3,638 shares during the period. Wedmont Private Capital boosted its holdings in shares of Eaton by 69.6% in the 3rd quarter. Wedmont Private Capital now owns 11,413 shares of the industrial products company's stock valued at $4,845,000 after purchasing an additional 4,684 shares during the last quarter. Finally, IFP Advisors Inc boosted its holdings in shares of Eaton by 48.2% in the 3rd quarter. IFP Advisors Inc now owns 16,026 shares of the industrial products company's stock valued at $6,887,000 after purchasing an additional 5,212 shares during the last quarter. 82.97% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Eaton

In related news, insider Heath B. Monesmith sold 18,036 shares of the business's stock in a transaction dated 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 transaction, the insider owned 50,368 shares in the company, valued at approximately $23,070,558.72. The trade was a 26.37% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Gerald Johnson purchased 130 shares of the business's stock in a transaction that occurred on Thursday, August 13th. The stock was acquired at an average price of $455.90 per share, for a total transaction of $59,267.00. Following the purchase, the director owned 1,829 shares of the company's stock, valued at approximately $833,841.10. This represents a 7.65% increase in their position. The SEC filing for this purchase provides additional information. Corporate insiders own 0.10% of the company's stock.

Eaton Trading Up 0.0%

NYSE ETN opened at $341.80 on Monday. The company's fifty day simple moving average is $405.12 and its 200-day simple moving average is $396.59. Eaton Corporation, PLC has a 52 week low of $311.92 and a 52 week high of $478.00. The company has a current ratio of 1.23, a quick ratio of 0.78 and a debt-to-equity ratio of 0.85. The stock has a market cap of $132.79 billion, a P/E ratio of 34.15, a PEG ratio of 2.15 and a beta of 1.15.

Eaton (NYSE:ETN - Get Free Report) last announced its earnings results on Tuesday, November 3rd. The industrial products company reported $3.68 earnings per share for the quarter, beating the consensus estimate 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 net margin of 12.18% and a return on equity of 25.09%. The business's quarterly revenue was up 28.0% compared to the same quarter last year. During the same period in the prior year, the firm earned $3.07 earnings per share. Equities research analysts predict that Eaton Corporation, PLC will post 13.80 EPS for the current fiscal year.

Eaton Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, November 27th. Shareholders of record on Tuesday, November 10th will be given a $1.10 dividend. This represents a $4.40 dividend on an annualized basis and a yield of 1.3%. The ex-dividend date of this dividend is Tuesday, November 10th. Eaton's dividend payout ratio is presently 43.96%.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on the stock. UBS Group raised shares of Eaton from a "neutral" rating to a "buy" rating and boosted their price objective for the company from $450.00 to $515.00 in a research note on Monday, September 7th. BMO Capital Markets lifted their target price on Eaton from $477.00 to $487.00 and gave the company an "outperform" rating in a report on Monday, August 3rd. HSBC lifted their target price on Eaton from $440.00 to $460.00 and gave the company a "buy" rating in a report on Monday, August 3rd. Rothschild & Co Redburn boosted their price target on Eaton from $386.00 to $403.00 and gave the company a "neutral" rating in a research report on Wednesday, September 30th. Finally, Royal Bank Of Canada upped their price target on Eaton from $526.00 to $539.00 and gave the stock an "outperform" rating in a research note on Wednesday, November 4th. One research 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 stock. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $483.91.

Key Stories 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 Company 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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