Eaton Corporation, PLC $ETN Stock Sold by Citizens Financial Group Inc. RI

Key Points

• Citizens Financial Group reduced its Eaton stake by 2.8% in the third quarter, selling 3,806 shares and retaining 131,131 shares valued at approximately $56.3 million. Institutional investors collectively own 82.97% of Eaton.
• Analyst sentiment remains positive: Eaton has an average “Moderate Buy” rating and a $484.10 price target, with several firms recently raising their targets to between $525 and $534.
• Eaton exceeded quarterly expectations with adjusted earnings of $3.15 per share and revenue of $8.53 billion, while maintaining fiscal 2026 EPS guidance of $13.40–$13.60. However, the stock trades at a relatively high P/E of 37.25 and has recently faced selling pressure.

Citizens Financial Group Inc. RI lessened its holdings in shares of Eaton Corporation, PLC (NYSE:ETN - Free Report) by 2.8% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 131,131 shares of the industrial products company's stock after selling 3,806 shares during the quarter. Citizens Financial Group Inc. RI's holdings in Eaton were worth $56,348,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently modified their holdings of ETN. Valen Private Capital LLC purchased a new stake in shares of Eaton during the 3rd quarter valued at $262,000. Simplicity Wealth LLC lifted its holdings in shares of Eaton by 9.8% during the 3rd quarter. Simplicity Wealth LLC now owns 3,029 shares of the industrial products company's stock worth $1,301,000 after acquiring an additional 270 shares during the last quarter. Sowell Financial Services LLC grew its position in Eaton by 12.0% in the third quarter. Sowell Financial Services LLC now owns 2,140 shares of the industrial products company's stock worth $919,000 after acquiring an additional 229 shares in the last quarter. Evergreen Capital Management LLC grew its position in Eaton by 4.7% in the third quarter. Evergreen Capital Management LLC now owns 11,219 shares of the industrial products company's stock worth $4,821,000 after acquiring an additional 506 shares in the last quarter. Finally, Mascoma Wealth Management LLC increased its stake in Eaton by 67.6% in the third quarter. Mascoma Wealth Management LLC now owns 496 shares of the industrial products company's stock valued at $213,000 after acquiring an additional 200 shares during the last quarter. Hedge funds and other institutional investors own 82.97% of the company's stock.

Insider Activity at Eaton

In other Eaton news, insider Adam Wadecki sold 525 shares of the stock in a transaction on Tuesday, August 4th. The shares were sold at an average price of $440.54, for a total transaction of $231,283.50. Following the completion of the sale, the insider owned 1,054 shares of the company's stock, valued at $464,329.16. This represents a 33.25% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Gerald Johnson purchased 130 shares of the business's stock in a transaction on Thursday, August 13th. The stock was purchased at an average cost of $455.90 per share, for a total transaction of $59,267.00. Following the acquisition, the director owned 1,829 shares in the company, valued at approximately $833,841.10. The trade was a 7.65% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. 0.10% of the stock is currently owned by company insiders.

Analyst Ratings Changes

A number of equities research analysts have weighed in on the company. Sanford C. Bernstein restated an "outperform" rating and set a $534.00 price target (up from $509.00) on shares of Eaton in a research report on Monday, August 3rd. Raymond James Financial lifted their price target on Eaton from $465.00 to $525.00 and gave the stock an "outperform" rating in a research note on Wednesday, August 5th. Royal Bank Of Canada upped their price objective on Eaton from $512.00 to $526.00 and gave the stock an "outperform" rating in a report on Wednesday, October 14th. BMO Capital Markets increased their price objective on Eaton from $477.00 to $487.00 and gave the company an "outperform" rating in a research report on Monday, August 3rd. Finally, Argus increased their price objective on Eaton from $475.00 to $528.00 and gave the company a "buy" rating in a research report on Tuesday, August 18th. One 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 company. Based on data from MarketBeat.com, Eaton presently has an average rating of "Moderate Buy" and an average price target of $484.10.

Eaton Price Performance

Shares of Eaton stock opened at $366.12 on Friday. 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. The business's 50 day simple moving average is $415.65 and its two-hundred day simple moving average is $411.02. The stock has a market capitalization of $142.20 billion, a P/E ratio of 37.25, a price-to-earnings-growth ratio of 2.12 and a beta of 1.13.

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 firm had revenue of $8.53 billion during the quarter, compared to analyst estimates of $8.16 billion. During the same quarter in the prior year, the firm posted $2.95 earnings per share. The business's quarterly 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. Analysts forecast that Eaton Corporation, PLC will post 13.59 EPS for the current year.

Key Stories Impacting Eaton

Here are the key news stories impacting Eaton this week:

• Positive Sentiment: Analysts continue to raise their earnings outlook. Zacks lifted its fourth-quarter 2026 EPS estimate to $4.04 from $4.03, while Erste Group raised its fiscal 2026 estimate to $13.59 and fiscal 2027 forecast to $16.32. These revisions suggest expectations for continued growth in Eaton’s higher-margin electrical and data-center businesses. Eaton earnings estimate revisions
• Positive Sentiment: Eaton was highlighted for its energy-efficient electrical products and recognized by IBD as one of the Most Sustainable Companies for a second consecutive year. Its focus on efficient power infrastructure may benefit from expanding electricity and data-center demand. Eaton sustainable profits
• Neutral Sentiment: Eaton has scheduled its next results for November 3. Investors will look for confirmation of its current fiscal 2026 EPS guidance of $13.40–$13.60 and indications that demand from data centers and electrical infrastructure remains strong. Eaton schedules November 3 results
• Negative Sentiment: Baird lowered its price target for ETN to $485 from $500. Although the revised target remains well above recent trading levels, the cut can weigh on sentiment, particularly with the stock trading below its 50-day and 200-day moving averages. Baird cuts Eaton price target
• Negative Sentiment: The shares recently fell 6.33% in one session, indicating broad near-term selling pressure. With quarterly results approaching and valuation still elevated at roughly 37 times earnings, investors may be locking in gains or reducing exposure until Eaton reports. Eaton shares decline more than the market

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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