Eaton Corporation, PLC $ETN Shares Newly Acquired by Ashton Thomas Securities LLC

Key Points

• Ashton Thomas Securities LLC purchased 4,710 Eaton shares worth approximately $2.0 million during the third quarter. Institutional investors and hedge funds collectively own 82.97% of Eaton’s outstanding stock.
• Eaton’s latest quarterly results exceeded expectations, with adjusted EPS of $3.15 versus the $3.08 consensus and revenue of $8.53 billion, up 21.4% year over year. The company guided for fiscal 2026 EPS of $13.40–$13.60.
• Analysts maintain a generally positive outlook, with Eaton receiving a “Moderate Buy” consensus rating and an average price target of $484.10; recent targets include $498 from Citigroup and $521 from Deutsche Bank.

Ashton Thomas Securities LLC purchased a new position in shares of Eaton Corporation, PLC (NYSE:ETN - Free Report) during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 4,710 shares of the industrial products company's stock, valued at approximately $2,024,000.

Several other hedge funds and other institutional investors have also bought and sold shares of ETN. Wellington Management Group LLP raised its holdings in Eaton by 19.6% in the 2nd 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. Sustainable Growth Advisers LP bought a new position in shares of Eaton in the third quarter worth $85,752,000. Clal Insurance Enterprises Holdings Ltd increased its position 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 period. Munich Reinsurance Co Stock Corp in Munich raised its stake in Eaton by 24,986.3% in the first quarter. Munich Reinsurance Co Stock Corp in Munich now owns 154,281 shares of the industrial products company's stock valued at $55,182,000 after purchasing an additional 153,666 shares in the last quarter. Finally, Public Employees Retirement System of Ohio acquired a new position in Eaton in the second quarter valued at about $64,858,000. Institutional investors and hedge funds own 82.97% of the company's stock.

Eaton Stock Up 3.2%

Shares of ETN stock opened at $383.78 on Wednesday. Eaton Corporation, PLC has a twelve month low of $311.92 and a twelve month high of $478.00. The company has a market cap of $149.06 billion, a P/E ratio of 39.04 and a beta of 1.13. The business has a fifty day simple moving average of $413.39 and a 200 day simple moving average of $395.18.

Eaton (NYSE:ETN - Get Free Report) last released its quarterly earnings data on Friday, July 31st. The industrial products company reported $3.15 earnings per share for the quarter, beating the consensus estimate of $3.08 by $0.07. The business had revenue of $8.53 billion during the quarter, compared to analyst estimates of $8.16 billion. The business's quarterly revenue was up 21.4% compared to the same quarter last year. During the same period last year, the business earned $2.95 earnings per share. 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, equities research analysts anticipate that Eaton Corporation, PLC will post 13.59 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on ETN shares. Citigroup upped their price objective on shares of Eaton from $485.00 to $498.00 and gave the stock a "buy" rating in a research report on Monday, October 12th. Weiss Ratings lowered shares of Eaton from a "buy (b)" rating to a "buy (b-)" rating in a report on Friday. Wall Street Zen lowered shares of Eaton from a "buy" rating to a "hold" rating in a report on Sunday, August 16th. Sanford C. Bernstein restated an "outperform" rating and issued a $534.00 target price (up from $509.00) on shares of Eaton in a research report on Monday, August 3rd. Finally, Deutsche Bank Aktiengesellschaft upped their price target on shares of Eaton from $493.00 to $521.00 and gave the stock a "buy" rating in a report on Wednesday, September 30th. One 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 company. According to MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $484.10.

Insider Buying and Selling at Eaton

In related news, insider Heath B. Monesmith sold 18,036 shares of the firm's stock in a transaction on Tuesday, August 11th. The stock was sold at an average price of $458.04, for a total transaction of $8,261,209.44. Following the sale, the insider owned 50,368 shares of the company's stock, valued at $23,070,558.72. This trade represents a 26.37% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Gerald Johnson acquired 130 shares of the business's stock in a transaction that occurred on Thursday, August 13th. The shares were purchased at an average cost of $455.90 per share, for a total transaction of $59,267.00. Following the acquisition, the director owned 1,829 shares in the company, valued at $833,841.10. This represents a 7.65% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Company insiders own 0.10% of the company's stock.

Eaton News Roundup

Here are the key news stories impacting Eaton this week:

• Positive Sentiment: Positive earnings expectations: Zacks says Eaton has factors supporting a likely earnings beat in next week’s report. Analysts expect earnings growth, building on the company’s latest quarter, when revenue rose 21.4% year over year and EPS exceeded consensus estimates. Eaton Earnings Expected to Grow
• Positive Sentiment: Analysts raise long-term estimates: Zacks Research increased its Q3 2027 EPS estimate to $4.35 from $4.25 and its Q3 2028 estimate to $4.70 from $4.58. Higher forecasts suggest improving confidence in Eaton’s growth outlook. Eaton Stock Gets Increased EPS Forecast
• Positive Sentiment: Dividend maintained: Eaton declared a quarterly dividend of $1.10 per ordinary share, payable November 27 to shareholders of record November 10. The company has paid annual dividends since 1923, reinforcing its shareholder-return profile. Eaton Declares Quarterly Dividend
• Positive Sentiment: AI and data-center exposure: Investor commentary highlights Eaton’s data-center business as a beneficiary of expanding AI infrastructure investment, supporting the broader growth narrative around intelligent power management. Eaton Data Center Business and AI Infrastructure
• Neutral Sentiment: Eaton recently outperformed the broader market, indicating favorable near-term momentum, although the report provided no new company-specific fundamental information. Eaton Outpaces Stock Market Gains

Eaton Company 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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