Latitude Advisors LLC Makes New $1.14 Million Investment in Eaton Corporation, PLC $ETN

Key Points

• Latitude Advisors acquired a new $1.14 million stake in Eaton during the third quarter by purchasing 2,647 shares. Institutional investors collectively own 82.97% of the company.
• Wall Street remains broadly bullish, with one Strong Buy, 20 Buy and two Hold ratings; Eaton has a “Moderate Buy” consensus and an average price target of $484.10.
• Eaton recently beat quarterly earnings and revenue estimates, with sales rising 21.4% year over year, and declared a $1.10 quarterly dividend, equivalent to a 1.1% annual yield.

Latitude Advisors LLC bought a new stake in Eaton Corporation, PLC (NYSE:ETN - Free Report) in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor bought 2,647 shares of the industrial products company's stock, valued at approximately $1,138,000.

A number of other hedge funds also recently bought and sold shares of the business. Wellington Management Group LLP grew its holdings in shares of Eaton by 19.6% in the second quarter. Wellington Management Group LLP now owns 6,827,266 shares of the industrial products company's stock valued at $2,909,235,000 after purchasing an additional 1,120,567 shares during the period. Sustainable Growth Advisers LP acquired a new stake in Eaton during the third quarter worth about $85,752,000. Clal Insurance Enterprises Holdings Ltd raised its stake in Eaton by 112.6% during the first quarter. Clal Insurance Enterprises Holdings Ltd now owns 336,060 shares of the industrial products company's stock worth $120,199,000 after purchasing an additional 178,000 shares during the period. Munich Reinsurance Co Stock Corp in Munich raised its stake in Eaton by 24,986.3% during the first quarter. Munich Reinsurance Co Stock Corp in Munich now owns 154,281 shares of the industrial products company's stock worth $55,182,000 after purchasing an additional 153,666 shares during the period. Finally, Public Employees Retirement System of Ohio acquired a new position in Eaton in the 2nd quarter valued at about $64,858,000. Institutional investors and hedge funds own 82.97% of the company's stock.

Wall Street Analysts Forecast Growth

ETN has been the subject of several research analyst reports. Argus increased their target price on shares of Eaton from $475.00 to $528.00 and gave the stock a "buy" rating in a research note on Tuesday, August 18th. BMO Capital Markets upped their price target on Eaton from $477.00 to $487.00 and gave the stock an "outperform" rating in a research note on Monday, August 3rd. Citigroup raised their price target on Eaton from $485.00 to $498.00 and gave the stock a "buy" rating in a research report on Monday, October 12th. Morgan Stanley lifted their price objective on Eaton from $500.00 to $520.00 and gave the company an "overweight" rating in a research note on Friday, August 28th. Finally, Rothschild & Co Redburn lifted their price objective on Eaton from $386.00 to $403.00 and gave the company a "neutral" rating in a research note on Wednesday, September 30th. One research analyst has rated the stock with a Strong Buy rating, twenty have issued a Buy rating and two have given a Hold rating to the stock. According to MarketBeat, Eaton has an average rating of "Moderate Buy" and an average price target of $484.10.

Eaton Trading Up 3.2%

NYSE:ETN opened at $383.78 on Wednesday. Eaton Corporation, PLC has a 12-month low of $311.92 and a 12-month high of $478.00. The stock's 50 day simple moving average is $413.39 and its 200-day simple moving average is $395.18. The firm has a market cap of $149.06 billion, a P/E ratio of 39.04 and a beta of 1.13.

Eaton (NYSE:ETN - Get Free Report) last released its earnings results on Friday, July 31st. The industrial products company reported $3.15 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.08 by $0.07. The business had revenue of $8.53 billion for the quarter, compared to analyst estimates of $8.16 billion. The business's revenue for the quarter was up 21.4% on a year-over-year basis. During the same quarter in the previous year, the firm posted $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. Research analysts forecast that Eaton Corporation, PLC will post 13.59 EPS for the current fiscal year.

Eaton Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, November 27th. Stockholders of record on Tuesday, November 10th will be given a $1.10 dividend. This represents a $4.40 dividend on an annualized basis and a dividend yield of 1.1%. The ex-dividend date of this dividend is Tuesday, November 10th. Eaton's payout ratio is currently 44.76%.

Insider Buying and Selling

In other Eaton news, Director Gerald Johnson purchased 130 shares of the firm's stock in a transaction on Thursday, August 13th. The shares were purchased at an average cost of $455.90 per share, with a total value of $59,267.00. Following the purchase, the director owned 1,829 shares in the company, valued at approximately $833,841.10. This 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 link. Also, insider Adam Wadecki sold 525 shares of the company's stock in a transaction dated Tuesday, August 4th. The shares were sold at an average price of $440.54, for a total transaction of $231,283.50. Following the transaction, the insider directly owned 1,054 shares of the company's stock, valued at approximately $464,329.16. This represents a 33.25% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 0.10% of the stock is owned by company insiders.

More Eaton News

Here are the key news stories impacting Eaton this week:

• Positive Sentiment: Positive earnings expectations: Zacks says Eaton has factors supporting a likely earnings beat in next week’s report. Analysts expect earnings growth, building on the company’s latest quarter, when revenue rose 21.4% year over year and EPS exceeded consensus estimates. Eaton Earnings Expected to Grow
• Positive Sentiment: Analysts raise long-term estimates: Zacks Research increased its Q3 2027 EPS estimate to $4.35 from $4.25 and its Q3 2028 estimate to $4.70 from $4.58. Higher forecasts suggest improving confidence in Eaton’s growth outlook. Eaton Stock Gets Increased EPS Forecast
• Positive Sentiment: Dividend maintained: Eaton declared a quarterly dividend of $1.10 per ordinary share, payable November 27 to shareholders of record November 10. The company has paid annual dividends since 1923, reinforcing its shareholder-return profile. Eaton Declares Quarterly Dividend
• Positive Sentiment: AI and data-center exposure: Investor commentary highlights Eaton’s data-center business as a beneficiary of expanding AI infrastructure investment, supporting the broader growth narrative around intelligent power management. Eaton Data Center Business and AI Infrastructure
• Neutral Sentiment: Eaton recently outperformed the broader market, indicating favorable near-term momentum, although the report provided no new company-specific fundamental information. Eaton Outpaces Stock Market Gains

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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