Eaton Corporation, PLC $ETN Shares Bought by QRG Capital Management Inc.

Key Points

• QRG Capital Management increased its Eaton stake by 11.7% in the second quarter, bringing its holdings to 90,731 shares worth approximately $38.7 million. Institutional investors and hedge funds collectively own 82.97% of ETN.
• Analyst sentiment remains broadly positive: Eaton has a consensus “Buy” rating and a $451.62 average price target, with several firms recently raising targets and Evercore upgrading the stock to “Outperform.”
• Eaton reported quarterly EPS of $3.15 and revenue of $8.53 billion, exceeding estimates, while revenue grew 21.4% year over year. Shares traded near $438, but the stock’s valuation remained elevated at roughly 44.6 times earnings, alongside a 1.0% dividend yield.

QRG Capital Management Inc. lifted its position in shares of Eaton Corporation, PLC (NYSE:ETN - Free Report) by 11.7% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 90,731 shares of the industrial products company's stock after purchasing an additional 9,491 shares during the period. QRG Capital Management Inc.'s holdings in Eaton were worth $38,662,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in ETN. North Star Investment Management Corp. increased its stake in Eaton by 0.3% during the 1st quarter. North Star Investment Management Corp. now owns 8,101 shares of the industrial products company's stock worth $2,897,000 after buying an additional 28 shares during the period. Bogart Wealth LLC boosted its position in Eaton by 1.3% in the 1st quarter. Bogart Wealth LLC now owns 2,184 shares of the industrial products company's stock valued at $781,000 after buying an additional 29 shares during the last quarter. Pring Turner Capital Group Inc. boosted its position in Eaton by 0.3% in the 4th quarter. Pring Turner Capital Group Inc. now owns 10,528 shares of the industrial products company's stock valued at $3,353,000 after buying an additional 30 shares during the last quarter. Ellevest Inc. grew its stake in shares of Eaton by 2.5% during the fourth quarter. Ellevest Inc. now owns 1,281 shares of the industrial products company's stock valued at $408,000 after acquiring an additional 31 shares in the last quarter. Finally, Tanager Wealth Management LLP increased its position in shares of Eaton by 5.4% during the second quarter. Tanager Wealth Management LLP now owns 606 shares of the industrial products company's stock worth $258,000 after acquiring an additional 31 shares during the last quarter. 82.97% of the stock is owned by institutional investors and hedge funds.

Key Stories Impacting Eaton

Here are the key news stories impacting Eaton this week:

• Positive Sentiment: Eaton announced expanded aerospace aftermarket capabilities in Asia-Pacific, including a new FAA certification for its Eaton Aero Services joint venture with SIA Engineering and Singapore investments supported by the Economic Development Board. The initiatives could strengthen Eaton’s aerospace services presence and provide longer-term growth opportunities. Eaton announces the expansion of aerospace aftermarket capabilities across Asia-Pacific
• Positive Sentiment: Zacks Research raised its Eaton estimates for second-quarter 2027 EPS to $3.93 from $3.92, third-quarter EPS to $4.26 from $4.21, and full-year 2027 EPS to $15.83 from $15.80. The revisions indicate modestly improved expectations for future earnings. Eaton analyst earnings estimates
• Neutral Sentiment: Value-focused coverage comparing Eaton with Vestas Wind Systems asks which stock offers the better opportunity. The discussion may draw attention to Eaton’s strong business prospects but also to its premium valuation, with the stock trading at roughly 45 times earnings. VWDRY or ETN: Which Is the Better Value Stock Right Now?
• Neutral Sentiment: A separate comparison with Vertiv highlights Eaton’s exposure to data-center power demand but concludes that Vertiv offers a more direct AI-infrastructure opportunity, supported by stronger growth and raised guidance. This could temper enthusiasm for ETN despite its participation in the data-center trend. Eaton vs. Vertiv: Which Data Center Power Stock Has an Edge?
• Negative Sentiment: Zacks Research slightly reduced its fourth-quarter 2027 EPS forecast for Eaton to $4.18 from $4.21. Although the change is small, it introduces a modestly negative signal amid elevated investor expectations. Eaton analyst earnings estimates

Analyst Upgrades and Downgrades

ETN has been the subject of a number of analyst reports. Evercore raised Eaton from an "in-line" rating to an "outperform" rating and set a $502.00 price target for the company in a report on Monday, August 3rd. Weiss Ratings upgraded Eaton from a "hold (c+)" rating to a "buy (b-)" rating in a report on Friday, August 28th. Royal Bank Of Canada upped their target price on Eaton from $484.00 to $512.00 and gave the company an "outperform" rating in a research report on Monday, August 3rd. BMO Capital Markets increased their target price on Eaton from $477.00 to $487.00 and gave the company an "outperform" rating in a research note on Monday, August 3rd. Finally, Citigroup raised their price target on shares of Eaton from $471.00 to $485.00 and gave the stock a "buy" rating in a research report on Monday, August 3rd. Two research analysts have rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and two have given a Hold rating to the company's stock. Based on data from MarketBeat, the company presently has an average rating of "Buy" and a consensus target price of $451.62.

Eaton Stock Performance

Shares of ETN stock traded down $4.32 on Wednesday, hitting $438.17. 1,786,977 shares of the stock traded hands, compared to its average volume of 2,561,378. The company's fifty day moving average is $417.31 and its 200 day moving average is $401.86. Eaton Corporation, PLC has a 1-year low of $311.92 and a 1-year high of $478.00. The company has a market capitalization of $170.19 billion, a PE ratio of 44.58, a PEG ratio of 2.64 and a beta of 1.17. The company has a debt-to-equity ratio of 0.91, a current ratio of 1.24 and a quick ratio of 0.79.

Eaton (NYSE:ETN - Get Free Report) last released its quarterly earnings data on Friday, July 31st. The industrial products company reported $3.15 EPS for the quarter, topping analysts' consensus estimates of $3.08 by $0.07. Eaton had a net margin of 12.75% and a return on equity of 24.58%. The firm 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 company posted $2.95 earnings per share. The firm's revenue was up 21.4% on a year-over-year basis. 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, equities research analysts predict that Eaton Corporation, PLC will post 13.56 earnings per share for the current fiscal year.

Eaton Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, August 28th. Shareholders of record on Friday, August 7th were given a $1.10 dividend. The ex-dividend date of this dividend was Friday, August 7th. This represents a $4.40 annualized dividend and a yield of 1.0%. Eaton's dividend payout ratio (DPR) is currently 44.76%.

Insider Buying and Selling at Eaton

In other news, insider Heath Monesmith sold 18,036 shares of the business's stock in a transaction on Tuesday, August 11th. The shares were sold at an average price of $458.04, for a total transaction 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. The trade was a 26.37% decrease in their ownership of the stock. The sale was disclosed in a legal 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 dated Thursday, August 13th. The shares were purchased at an average price of $455.90 per share, with a total value of $59,267.00. Following the transaction, the director directly owned 1,829 shares of the company's stock, valued at approximately $833,841.10. The trade was a 7.65% increase in their position. The disclosure for this purchase is available in the SEC filing. 0.10% of the stock is currently owned by company insiders.

Eaton Company Profile

Eaton plc is a power management company that helps businesses, utilities, data centers, industrial facilities and other customers manage electrical, hydraulic and mechanical power more safely and efficiently. Its products and systems support power distribution, circuit protection, power quality, backup power, industrial automation and energy management.

The company also supplies aerospace systems, including hydraulic, fuel, motion-control and air-management equipment, as well as components and systems for commercial and military aircraft.

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