Eaton Corporation, PLC $ETN Shares Sold by Andra AP fonden

Key Points

• Andra AP fonden cut its Eaton stake by 46.8% in the second quarter, selling 16,975 shares and retaining 19,303 shares valued at approximately $8.2 million. Institutional investors and hedge funds collectively own 82.97% of Eaton.
• Eaton reported stronger-than-expected quarterly results, posting $3.15 in EPS versus the $3.08 consensus and $8.53 billion in revenue, up 21.4% year over year. Analysts maintain a generally positive outlook, with an average “Buy” rating and a $451.62 target price.
• AI-driven power demand is a key growth catalyst for Eaton, though its premium valuation and competition from Vertiv remain risks. The company also pays a $1.10 quarterly dividend, equivalent to a 1.0% annual yield.

Andra AP fonden lessened its position in shares of Eaton Corporation, PLC (NYSE:ETN - Free Report) by 46.8% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 19,303 shares of the industrial products company's stock after selling 16,975 shares during the quarter. Andra AP fonden's holdings in Eaton were worth $8,225,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of the company. Security National Bank of SO Dak acquired a new position in Eaton during the second quarter valued at $26,000. Wellington Altus USA Inc. grew its position in Eaton by 180.4% during the 2nd quarter. Wellington Altus USA Inc. now owns 157 shares of the industrial products company's stock worth $67,000 after purchasing an additional 101 shares during the period. IKE Capital LLC purchased a new position in shares of Eaton during the 2nd quarter valued at about $591,000. Anchor Investment Management LLC lifted its holdings in shares of Eaton by 13.5% in the 2nd quarter. Anchor Investment Management LLC now owns 1,211 shares of the industrial products company's stock valued at $516,000 after buying an additional 144 shares during the period. Finally, Smith Chas P & Associates PA Cpas acquired a new position in shares of Eaton in the 2nd quarter valued at about $232,000. 82.97% of the stock is owned by institutional investors and hedge funds.

Trending Headlines about Eaton

Here are the key news stories impacting Eaton this week:

• Positive Sentiment: Analysts raised Eaton’s earnings outlook. Zacks Research increased its Q2 2027 EPS estimate to $3.93 from $3.92, its Q3 2027 estimate to $4.26 from $4.21, and its FY2027 forecast to $15.83 from $15.80. Upward revisions can reinforce expectations for continued growth. MarketBeat Eaton analyst estimates
• Positive Sentiment: AI-related power demand remains a major catalyst. Eaton’s CEO presented the company as an important beneficiary of rising electricity and infrastructure requirements from artificial intelligence, potentially improving Wall Street’s view of its long-term growth opportunity. Industrial CEO drops staggering take on AI energy
• Positive Sentiment: Recent momentum was supported by estimate revisions and above-average trading activity. Coverage noted that Eaton’s latest earnings revisions could support additional near-term gains following the prior session’s strong advance. Eaton earnings estimate revisions
• Neutral Sentiment: Investors are weighing Eaton against Vertiv as an AI infrastructure investment. Analysts see Vertiv as having more direct AI-driven data-center exposure, a higher 2026 outlook, and stronger earnings-estimate momentum, while Eaton offers broader electrical-infrastructure exposure. Eaton versus Vertiv comparison
• Negative Sentiment: Valuation and competitive positioning remain risks. Eaton trades at a premium valuation, while commentary suggesting Vertiv may be the better AI infrastructure buy could limit upside or redirect investor interest toward its rival. Vertiv versus Eaton investment comparison

Insider Activity at Eaton

In other Eaton news, Director Gerald Johnson acquired 130 shares of the business's stock in a transaction that occurred on Thursday, August 13th. The stock was purchased at an average cost of $455.90 per share, with a total value of $59,267.00. Following the transaction, 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 transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, insider Heath B. Monesmith sold 18,036 shares of Eaton stock in a transaction dated 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 sale, the insider owned 50,368 shares of the company's stock, valued at approximately $23,070,558.72. This represents a 26.37% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 0.10% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

Several analysts recently commented on the company. Sanford C. Bernstein reaffirmed an "outperform" rating on shares of Eaton in a report on Monday, August 3rd. Evercore upgraded Eaton from an "in-line" rating to an "outperform" rating and set a $502.00 price objective on the stock in a research report on Monday, August 3rd. Wall Street Zen cut shares of Eaton from a "buy" rating to a "hold" rating in a research note on Sunday, August 16th. Robert W. Baird set a $500.00 price objective on shares of Eaton and gave the company an "outperform" rating in a report on Thursday, August 20th. Finally, Morgan Stanley increased their target price on shares of Eaton from $500.00 to $520.00 and gave the stock an "overweight" rating in a research note on Friday, August 28th. 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.com, the company has an average rating of "Buy" and an average target price of $451.62.

Eaton Stock Performance

ETN opened at $443.36 on Wednesday. Eaton Corporation, PLC has a twelve month low of $311.92 and a twelve month high of $478.00. The firm has a market capitalization of $172.20 billion, a PE ratio of 45.10, a PEG ratio of 2.64 and a beta of 1.17. The company has a current ratio of 1.24, a quick ratio of 0.79 and a debt-to-equity ratio of 0.91. The firm's 50-day moving average price is $417.31 and its 200 day moving average price is $401.86.

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, beating analysts' consensus estimates of $3.08 by $0.07. The company had revenue of $8.53 billion during 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 quarterly revenue was up 21.4% on a year-over-year basis. During the same quarter in the prior year, the firm earned $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. As a group, sell-side analysts expect that Eaton Corporation, PLC will post 13.56 EPS for the current fiscal year.

Eaton Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, August 28th. Stockholders of record on Friday, August 7th were issued a dividend of $1.10 per share. The ex-dividend date was Friday, August 7th. This represents a $4.40 dividend on an annualized basis and a dividend yield of 1.0%. Eaton's dividend payout ratio (DPR) is currently 44.76%.

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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