Eaton Corporation, PLC $ETN Stock Sold by Boston Trust Walden Corp

Key Points

• Boston Trust Walden cut its Eaton stake by 13.3% in the third quarter, selling 9,408 shares and retaining 61,148 shares valued at about $26.3 million.
• Eaton beat quarterly estimates, reporting revenue of $8.95 billion and adjusted EPS of $3.68; management raised its growth and earnings outlook amid strong electrical demand and a roughly $20 billion backlog.
• Despite the strong results and positive analyst sentiment, Eaton shares fell sharply, with the article reporting a 7.7% decline amid investor concerns about execution and high expectations.

Boston Trust Walden Corp trimmed its stake in shares of Eaton Corporation, PLC (NYSE:ETN - Free Report) by 13.3% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 61,148 shares of the industrial products company's stock after selling 9,408 shares during the quarter. Boston Trust Walden Corp's holdings in Eaton were worth $26,276,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of the stock. Wellington Management Group LLP increased its position in Eaton by 19.6% during the 2nd quarter. Wellington Management Group LLP now owns 6,827,266 shares of the industrial products company's stock worth $2,909,235,000 after buying an additional 1,120,567 shares during the period. National Pension Service raised its position in shares of Eaton by 3.5% in the 2nd quarter. National Pension Service now owns 864,731 shares of the industrial products company's stock valued at $368,479,000 after buying an additional 29,436 shares in the last quarter. AMF Tjanstepension AB lifted its stake in Eaton by 1.4% during the third quarter. AMF Tjanstepension AB now owns 364,814 shares of the industrial products company's stock worth $156,764,000 after purchasing an additional 5,168 shares during the last quarter. Assenagon Asset Management S.A. boosted its stake in Eaton by 87.1% in the third quarter. Assenagon Asset Management S.A. now owns 282,750 shares of the industrial products company's stock valued at $121,501,000 after buying an additional 131,624 shares in the last quarter. Finally, Clal Insurance Enterprises Holdings Ltd boosted its stake in shares of Eaton by 112.6% in the 1st quarter. Clal Insurance Enterprises Holdings Ltd now owns 336,060 shares of the industrial products company's stock valued at $120,199,000 after purchasing an additional 178,000 shares in the last quarter. 82.97% of the stock is owned by institutional investors.

More Eaton News

Here are the key news stories impacting Eaton this week:

• Positive Sentiment: Eaton reported record third-quarter revenue of about $8.9 billion and adjusted EPS of $3.68, while its electrical backlog reached roughly $20 billion. Management raised its 2026 organic-growth and earnings outlook and described stronger demand heading into 2027. Eaton Q3 Earnings Call Highlights Stronger 2027 Growth Outlook
• Positive Sentiment: Growth in data centers and the Boyd Thermal business, which provides chip-cooling solutions, is adding to Eaton’s opportunity in power infrastructure. RBC raised its price target to $539 and maintained an outperform rating; Bernstein and KeyBanc also reiterated Buy ratings. What's Going On With Eaton Shares On Wednesday?
• Neutral Sentiment: Eaton says the shift from AC to DC power in data centers is real and is investing in solid-state transformers to pursue it. However, CEO Paulo Ruiz cautioned that the timing of the transition is outside the company’s control. Eaton CEO: AC to DC migration for data centers is real
• Negative Sentiment: The strong results and raised guidance did not ease market concerns about execution, contributing to a sharp selloff after the earnings report. The reaction suggests investors may be focused on whether Eaton can deliver on ambitious expectations, rather than just its current results. Eaton Stock Sinks As Q3 Results Fail To Calm Execution Fears

Eaton Stock Down 7.7%

Shares of NYSE:ETN opened at $325.97 on Friday. The company has a debt-to-equity ratio of 0.85, a quick ratio of 0.79 and a current ratio of 1.23. Eaton Corporation, PLC has a 52-week low of $311.92 and a 52-week high of $478.00. The business's 50 day simple moving average is $406.61 and its two-hundred day simple moving average is $396.56. The firm has a market cap of $126.61 billion, a P/E ratio of 32.56, a PEG ratio of 2.01 and a beta of 1.15.

Eaton (NYSE:ETN - Get Free Report) last posted its earnings results on Tuesday, November 3rd. The industrial products company reported $3.68 EPS for the quarter, topping the consensus estimate of $3.54 by $0.14. The company had revenue of $8.95 billion during the quarter, compared to the consensus estimate of $8.53 billion. Eaton had a net margin of 12.18% and a return on equity of 25.09%. The firm's revenue for the quarter was up 28.0% on a year-over-year basis. During the same period in the previous year, the firm posted $3.07 earnings per share. As a group, research analysts forecast that Eaton Corporation, PLC will post 13.82 EPS for the current fiscal year.

Eaton Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, November 27th. Shareholders of record on Tuesday, November 10th will be given a $1.10 dividend. The ex-dividend date of this dividend is Tuesday, November 10th. This represents a $4.40 annualized dividend and a yield of 1.3%. Eaton's payout ratio is currently 43.96%.

Insiders Place Their Bets

In related news, Director Gerald Johnson purchased 130 shares of the business's stock in a transaction that occurred on Thursday, August 13th. The shares were bought at an average cost of $455.90 per share, with a total value of $59,267.00. Following the acquisition, the director owned 1,829 shares of the company's stock, valued at $833,841.10. This represents a 7.65% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, insider Heath Monesmith sold 18,036 shares of the business's 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 completion of the transaction, the insider owned 50,368 shares in the company, valued at approximately $23,070,558.72. The trade was a 26.37% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 0.10% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on ETN. BMO Capital Markets boosted their price objective on Eaton from $477.00 to $487.00 and gave the stock an "outperform" rating in a research report on Monday, August 3rd. UBS Group raised Eaton from a "neutral" rating to a "buy" rating and lifted their price objective for the stock from $450.00 to $515.00 in a research note on Monday, September 7th. Evercore increased their target price on shares of Eaton from $502.00 to $515.00 and gave the company an "outperform" rating in a research report on Tuesday, August 11th. Argus raised their price target on shares of Eaton from $475.00 to $528.00 and gave the stock a "buy" rating in a report on Tuesday, August 18th. Finally, Rothschild & Co Redburn boosted their price target on shares of Eaton from $386.00 to $403.00 and gave the stock a "neutral" rating in a research report on Wednesday, September 30th. One equities research analyst has rated the stock with a Strong Buy rating, twenty have issued a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $483.91.

Eaton 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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