Eaton Corporation, PLC $ETN Shares Sold by Ancora Advisors LLC

Key Points

• Ancora Advisors reduced its Eaton stake by 7.2% in the second quarter, selling 13,147 shares and retaining 169,523 shares valued at approximately $72.2 million. Institutional investors collectively own 82.97% of the company.
• Eaton exceeded quarterly expectations, reporting earnings of $3.15 per share versus the $3.08 consensus and revenue of $8.53 billion, up 21.4% year over year. The company guided for third-quarter EPS of $3.46–$3.56 and full-year EPS of $13.40–$13.60.
• Analysts remain broadly positive, with a consensus “Buy” rating and a $442 target price, although shares fell 3.3% to $388.44 in the cited trading session. Eaton also maintains a quarterly dividend of $1.10 per share, yielding about 1.1%.

Ancora Advisors LLC reduced its stake in shares of Eaton Corporation, PLC (NYSE:ETN - Free Report) by 7.2% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 169,523 shares of the industrial products company's stock after selling 13,147 shares during the quarter. Eaton accounts for approximately 1.4% of Ancora Advisors LLC's portfolio, making the stock its 14th largest holding. Ancora Advisors LLC's holdings in Eaton were worth $72,237,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently modified their holdings of the company. Hilton Head Capital Partners LLC purchased a new stake in shares of Eaton in the fourth quarter valued at about $26,000. Manning & Napier Advisors LLC purchased a new position in shares of Eaton during the second quarter valued at approximately $27,000. Sfam LLC purchased a new position in shares of Eaton during the fourth quarter valued at approximately $27,000. Gunpowder Capital Management LLC dba Oliver Wealth Management purchased a new position in shares of Eaton during the fourth quarter valued at approximately $28,000. Finally, Boreal Capital Management LLC purchased a new position in shares of Eaton during the first quarter valued at approximately $33,000. Hedge funds and other institutional investors own 82.97% of the company's stock.

Analyst Ratings Changes

A number of research firms have weighed in on ETN. BMO Capital Markets increased their price target on shares of Eaton from $477.00 to $487.00 and gave the stock an "outperform" rating in a research note on Monday, August 3rd. Evercore raised shares of Eaton from an "in-line" rating to an "outperform" rating and set a $502.00 price objective for the company in a research report on Monday, August 3rd. Wall Street Zen lowered shares of Eaton from a "buy" rating to a "hold" rating in a research report on Sunday, August 16th. Erste Group Bank initiated coverage on shares of Eaton in a research report on Tuesday, May 5th. They issued a "buy" rating for the company. Finally, Robert W. Baird set a $500.00 price objective on shares of Eaton and gave the stock an "outperform" rating in a research report on Thursday, August 20th. Three equities research analysts have rated the stock with a Strong Buy rating, fourteen have given a Buy rating and three have given a Hold rating to the company's stock. According to data from MarketBeat.com, Eaton has an average rating of "Buy" and a consensus target price of $442.00.

Key Stories Impacting Eaton

Here are the key news stories impacting Eaton this week:

• Positive Sentiment: Zacks Research raised multiple EPS forecasts for Eaton. Estimates increased for the third and fourth quarters of fiscal 2026, all fiscal 2027, and fiscal 2028. The FY2028 forecast rose to $17.91 from $17.41, while FY2027 increased to $15.80 from $15.48. The revisions signal improving expectations for Eaton’s long-term earnings growth. Zacks Research earnings estimates
• Positive Sentiment: Analysts remain broadly bullish despite recent relative weakness. Eaton has underperformed the Nasdaq Composite over the past year, but the analyst outlook remains favorable, suggesting investors may view the pullback as a valuation or entry-point issue rather than a deterioration in the company’s fundamentals. Is Eaton Corporation Stock Underperforming the Nasdaq?
• Neutral Sentiment: Eaton remains tied to data-center power demand. Commentary comparing Eaton with Vertiv indicates that suppliers of data-center power infrastructure remain in focus. Eaton’s relative resilience during a sector selloff may be constructive, but the article does not identify a new company-specific catalyst. GE Vernova Slides, Vertiv Holdings and Eaton Sit Out the Selloff
• Negative Sentiment: Put-option purchases rose well above normal levels. Traders bought 10,916 put options, 62% more than the typical volume of 6,753. The activity points to increased hedging or bearish speculation and can pressure sentiment in the near term.
• Negative Sentiment: Leverage is becoming a greater investor concern. A recent analysis argues that debt represents a larger share of Eaton’s assets than historically, increasing financial risk. With a price-to-earnings ratio near 39.5, investors may also be less tolerant of balance-sheet concerns or any slowdown in growth. Is Eaton Stock Riskier Than It Was A Year Ago?

Eaton Trading Down 3.3%

Shares of NYSE ETN traded down $13.44 during mid-day trading on Tuesday, hitting $388.44. The company's stock had a trading volume of 866,303 shares, compared to its average volume of 2,588,086. The stock has a market cap of $150.87 billion, a price-to-earnings ratio of 39.47, a price-to-earnings-growth ratio of 2.54 and a beta of 1.18. The company's fifty day simple moving average is $416.35 and its 200-day simple moving average is $398.10. 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 Corporation, PLC has a one year low of $311.92 and a one year high of $478.00.

Eaton (NYSE:ETN - Get Free Report) last announced its quarterly earnings results on Friday, July 31st. The industrial products company reported $3.15 earnings per share for the quarter, beating analysts' consensus estimates of $3.08 by $0.07. The business had revenue of $8.53 billion for the quarter, compared to the consensus estimate of $8.16 billion. Eaton had a net margin of 12.75% and a return on equity of 24.58%. Eaton's revenue for the quarter was up 21.4% on a year-over-year basis. During the same period last year, the company posted $2.95 EPS. 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, sell-side analysts anticipate that Eaton Corporation, PLC will post 13.56 earnings per share for the current fiscal year.

Eaton Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, August 28th. Stockholders of record on Friday, August 7th were paid a dividend of $1.10 per share. This represents a $4.40 annualized dividend and a dividend 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%.

Insider Activity 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 shares were sold at an average price of $458.04, for a total value of $8,261,209.44. Following the completion of the transaction, the insider directly owned 50,368 shares of the company's stock, valued at approximately $23,070,558.72. This trade represents a 26.37% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Adam A. Wadecki sold 525 shares of Eaton stock in a transaction on Tuesday, August 4th. The stock was sold at an average price of $440.54, for a total transaction of $231,283.50. Following the transaction, the insider directly owned 1,054 shares of the company's stock, valued at approximately $464,329.16. This trade represents a 33.25% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 0.10% of the stock is owned by company insiders.

Eaton Company Profile

Eaton NYSE: ETN is a diversified power management company that designs, manufactures and distributes products and systems to manage electrical, hydraulic and mechanical power. The company's offerings are used to improve energy efficiency, reliability and safety across a wide range of applications, with core capabilities in electrical distribution and control, industrial hydraulics and aerospace systems.

Its product portfolio includes switchgear, circuit breakers, transformers, power distribution units, uninterruptible power supplies and surge protection devices for electrical infrastructure, along with hydraulic pumps, valves and filtration systems for industrial and mobile equipment.