Eaton Corporation, PLC $ETN Stock: AMF Tjanstepension AB Boosts Holdings

AMF Tjanstepension AB raised its holdings in Eaton Corporation, PLC (NYSE:ETN - Free Report) by 1.4% during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 364,814 shares of the industrial products company's stock after purchasing an additional 5,168 shares during the quarter. Eaton accounts for approximately 0.9% of AMF Tjanstepension AB's investment portfolio, making the stock its 29th biggest holding. AMF Tjanstepension AB owned 0.09% of Eaton worth $156,764,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Assenagon Asset Management S.A. lifted its stake in shares of Eaton by 87.1% in the 3rd 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 acquired a new stake in Eaton during the third quarter valued at $85,752,000. Envestnet Portfolio Solutions Inc. grew its position 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 valued at $29,529,000 after buying an additional 3,638 shares during the period. Wedmont Private Capital increased its holdings in Eaton by 69.6% in the third quarter. Wedmont Private Capital now owns 11,413 shares of the industrial products company's stock valued at $4,845,000 after buying an additional 4,684 shares in the last quarter. Finally, QRG Capital Management Inc. increased its holdings in Eaton by 11.7% in the second quarter. QRG Capital Management Inc. now owns 90,731 shares of the industrial products company's stock valued at $38,662,000 after buying an additional 9,491 shares in the last quarter. 82.97% of the stock is owned by institutional investors and hedge funds.

Eaton Stock Performance

NYSE:ETN opened at $368.62 on Friday. The company has a debt-to-equity ratio of 0.91, a quick ratio of 0.79 and a current ratio of 1.24. The company has a fifty day moving average of $417.37 and a two-hundred day moving average of $411.34. The stock has a market capitalization of $143.17 billion, a PE ratio of 31.87, a P/E/G ratio of 2.28 and a beta of 1.13. Eaton Corporation, PLC has a fifty-two week low of $311.92 and a fifty-two week high of $478.00.

Eaton (NYSE:ETN - Get Free Report) last posted its quarterly earnings data on Friday, July 31st. The industrial products company reported $3.15 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.08 by $0.07. Eaton had a net margin of 12.75% and a return on equity of 24.58%. The business had revenue of $8.53 billion for the quarter, compared to the consensus estimate of $8.16 billion. During the same period last year, the firm posted $2.95 earnings per share. The company's revenue was up 21.4% compared to the same quarter last year. 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, research analysts forecast that Eaton Corporation, PLC will post 13.58 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on the stock. Evercore upped their price objective on shares of Eaton from $502.00 to $515.00 and gave the stock an "outperform" rating in a research report on Tuesday, August 11th. Wall Street Zen cut Eaton from a "buy" rating to a "hold" rating in a research report on Sunday, August 16th. Royal Bank Of Canada lifted their price target on Eaton from $512.00 to $526.00 and gave the company an "outperform" rating in a research note on Wednesday, October 14th. Deutsche Bank Aktiengesellschaft lifted their price target on Eaton from $493.00 to $521.00 and gave the company a "buy" rating in a research note on Wednesday, September 30th. Finally, Morgan Stanley upped their price target on Eaton from $500.00 to $520.00 and gave the stock an "overweight" rating in a report on Friday, August 28th. One investment analyst has rated the stock with a Strong Buy rating, twenty have issued a Buy rating and two have issued a Hold rating to the company's stock. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $484.10.

Insider Buying and Selling

In related news, insider Adam A. Wadecki sold 525 shares of Eaton stock in a transaction dated Tuesday, August 4th. The stock was sold at an average price of $440.54, for a total value of $231,283.50. Following the sale, the insider directly owned 1,054 shares in the company, valued at approximately $464,329.16. The trade was a 33.25% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, insider Heath B. Monesmith sold 18,036 shares of the business's stock in a transaction that occurred on 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 sale, the insider 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 disclosure for this sale is available in the SEC filing. Insiders own 0.10% of the company's stock.

About Eaton

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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