Norris Perne & French LLP MI Purchases 31,313 Shares of Eaton Corporation, PLC $ETN

Key Points

• Norris Perne & French LLP MI increased its Eaton stake by 165.5% in the third quarter, buying 31,313 shares for a total holding of 50,233 shares valued at approximately $21.6 million. Institutional investors collectively own 82.97% of Eaton.
• Eaton’s latest quarterly results exceeded expectations, with earnings of $3.15 per share and revenue of $8.53 billion, up 21.4% year over year. Management maintained fiscal 2026 EPS guidance of $13.40–$13.60.
• Analysts remain broadly positive, giving Eaton a consensus “Moderate Buy” rating and a $484.10 price target, although the stock recently traded at $366.12—below its moving averages—and insiders have sold shares.

Norris Perne & French LLP MI lifted its position in shares of Eaton Corporation, PLC (NYSE:ETN - Free Report) by 165.5% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 50,233 shares of the industrial products company's stock after buying an additional 31,313 shares during the period. Eaton comprises 1.0% of Norris Perne & French LLP MI's investment portfolio, making the stock its 28th largest position. Norris Perne & French LLP MI's holdings in Eaton were worth $21,586,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of the company. Assenagon Asset Management S.A. lifted its holdings 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 worth $121,501,000 after acquiring an additional 131,624 shares during the last quarter. Sustainable Growth Advisers LP purchased a new stake in shares of Eaton in the 3rd quarter valued at $85,752,000. Envestnet Portfolio Solutions Inc. grew its holdings in shares of Eaton by 5.5% during the 2nd quarter. Envestnet Portfolio Solutions Inc. now owns 69,297 shares of the industrial products company's stock valued at $29,529,000 after purchasing an additional 3,638 shares during the last quarter. Wedmont Private Capital raised its position in Eaton by 69.6% in the 3rd quarter. Wedmont Private Capital now owns 11,413 shares of the industrial products company's stock worth $4,845,000 after purchasing an additional 4,684 shares during the period. Finally, QRG Capital Management Inc. raised its position in Eaton by 11.7% in the 2nd quarter. QRG Capital Management Inc. now owns 90,731 shares of the industrial products company's stock worth $38,662,000 after purchasing an additional 9,491 shares during the period. Institutional investors own 82.97% of the company's stock.

Eaton Price Performance

ETN opened at $366.12 on Friday. The firm has a market cap of $142.20 billion, a PE ratio of 37.25, a P/E/G ratio of 2.12 and a beta of 1.13. The company has a debt-to-equity ratio of 0.91, a current ratio of 1.24 and a quick ratio of 0.79. The stock has a 50-day moving average price of $415.65 and a 200-day moving average price of $411.02. Eaton Corporation, PLC has a 1 year low of $311.92 and a 1 year high of $478.00.

Eaton (NYSE:ETN - Get Free Report) last announced its quarterly earnings data on Friday, July 31st. The industrial products company reported $3.15 earnings per share for the quarter, topping analysts' consensus estimates of $3.08 by $0.07. The company had revenue of $8.53 billion during the quarter, compared to analyst estimates of $8.16 billion. Eaton had a net margin of 12.75% and a return on equity of 24.58%. The firm's revenue for the quarter was up 21.4% on a year-over-year basis. During the same period in the previous year, the business earned $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. Sell-side analysts predict that Eaton Corporation, PLC will post 13.59 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

ETN has been the subject of several recent research reports. Weiss Ratings downgraded shares of Eaton from a "buy (b)" rating to a "buy (b-)" rating in a research note on Friday. Wall Street Zen lowered Eaton from a "buy" rating to a "hold" rating in a research note on Sunday, August 16th. BMO Capital Markets increased their target price on Eaton from $477.00 to $487.00 and gave the company an "outperform" rating in a report on Monday, August 3rd. UBS Group upgraded Eaton from a "neutral" rating to a "buy" rating and boosted their price objective for the company from $450.00 to $515.00 in a research report on Monday, September 7th. Finally, Robert W. Baird set a $500.00 price objective on Eaton and gave the company an "outperform" rating in a research note on Thursday, August 20th. One equities research analyst has rated the stock with a Strong Buy rating, twenty have given a Buy rating and two have assigned a Hold rating to the company's stock. According to data from MarketBeat.com, Eaton presently has an average rating of "Moderate Buy" and a consensus price target of $484.10.

Insider Transactions at Eaton

In related news, insider Heath Monesmith sold 18,036 shares of Eaton stock in a transaction 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 completion of the sale, the insider owned 50,368 shares of the company's stock, valued at $23,070,558.72. The trade was a 26.37% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Adam Wadecki sold 525 shares of the business's stock in a transaction dated Tuesday, August 4th. The shares were 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 approximately $464,329.16. This represents a 33.25% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Company insiders own 0.10% of the company's stock.

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

Eaton Company 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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