Eaton Corporation, PLC $ETN Stock: First Citizens Bank & Trust Co. Cuts Stake

Key Points

• First Citizens Bank & Trust Co. reduced its Eaton stake by 5.4% in the third quarter, selling 3,010 shares and retaining 53,242 shares valued at approximately $22.9 million. Institutional investors still own 82.97% of the company.
• Eaton reported quarterly earnings of $3.15 per share on $8.53 billion in revenue, surpassing analyst estimates, while revenue increased 21.4% year over year. The company issued fiscal 2026 EPS guidance of $13.40–$13.60.
• Analysts maintain a broadly positive view, with Eaton receiving a consensus “Moderate Buy” rating and an average price target of $480.77, compared with shares opening at $428.66.

First Citizens Bank & Trust Co. lessened its holdings in Eaton Corporation, PLC (NYSE:ETN - Free Report) by 5.4% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 53,242 shares of the industrial products company's stock after selling 3,010 shares during the period. First Citizens Bank & Trust Co.'s holdings in Eaton were worth $22,879,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of the business. Security National Bank of SO Dak acquired a new position in Eaton during the second quarter worth $26,000. Manning & Napier Advisors LLC bought a new stake in shares of Eaton during the 2nd quarter worth about $27,000. Gunpowder Capital Management LLC dba Oliver Wealth Management acquired a new position in shares of Eaton during the 4th quarter valued at about $28,000. Boreal Capital Management LLC acquired a new position in shares of Eaton during the 1st quarter valued at about $33,000. Finally, North Point Portfolio Managers Corp OH bought a new position in shares of Eaton in the 3rd quarter valued at approximately $34,000. 82.97% of the stock is currently owned by institutional investors.

Eaton Trading Up 0.5%

Shares of ETN stock opened at $428.66 on Wednesday. The firm has a fifty day moving average of $425.90 and a 200-day moving average of $409.70. The stock has a market cap of $166.49 billion, a price-to-earnings ratio of 43.61, a P/E/G ratio of 2.48 and a beta of 1.13. Eaton Corporation, PLC has a 52-week low of $311.92 and a 52-week high of $478.00. The company has a debt-to-equity ratio of 0.91, a quick ratio of 0.79 and a current ratio of 1.24.

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 analysts' consensus estimates of $3.08 by $0.07. Eaton had a return on equity of 24.58% and a net margin of 12.75%. The company had revenue of $8.53 billion for the quarter, compared to the consensus estimate of $8.16 billion. During the same period in the previous year, the business earned $2.95 earnings per share. The company's quarterly 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 forecast that Eaton Corporation, PLC will post 13.57 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. Investors of record on Friday, August 7th were given a dividend of $1.10 per share. This represents a $4.40 annualized dividend and a dividend yield of 1.0%. The ex-dividend date was Friday, August 7th. Eaton's dividend payout ratio (DPR) is 44.76%.

Insider Activity at Eaton

In related news, insider Adam Wadecki sold 525 shares of the business's stock in a transaction on 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 owned 1,054 shares of the company's stock, valued at $464,329.16. The trade was a 33.25% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Heath Monesmith sold 18,036 shares of the company'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 sale, the insider owned 50,368 shares in the company, valued at $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. 0.10% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on ETN shares. Weiss Ratings upgraded shares of Eaton from a "buy (b-)" rating to a "buy (b)" rating in a research note on Thursday, October 8th. Wall Street Zen downgraded shares of Eaton from a "buy" rating to a "hold" rating in a report on Sunday, August 16th. Morgan Stanley raised their target price on shares of Eaton from $500.00 to $520.00 and gave the company an "overweight" rating in a research note on Friday, August 28th. Royal Bank Of Canada raised their target price on shares of Eaton from $484.00 to $512.00 and gave the company an "outperform" rating in a research note on Monday, August 3rd. Finally, HSBC lifted their target price on shares of Eaton from $440.00 to $460.00 and gave the stock a "buy" rating in a report on Monday, August 3rd. One analyst has rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating and two have issued a Hold rating to the company's stock. Based on data from MarketBeat.com, Eaton has an average rating of "Moderate Buy" and a consensus target price of $480.77.

Eaton Profile

Eaton Corporation plc NYSE: ETN is a global power management company that helps customers manage electrical, hydraulic and mechanical power more safely, efficiently and reliably. Its products and systems serve commercial, industrial, utility, data center, residential, aerospace, vehicle and mobility applications.

The company's electrical businesses provide circuit protection and control equipment, power distribution systems, connectivity solutions, backup power and other technologies used to support critical infrastructure and improve energy efficiency.

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