2,647 Shares of Eaton Corporation, PLC $ETN Acquired by Latitude Advisors LLC

by · The Markets Daily

Latitude Advisors LLC acquired a new position in shares of Eaton Corporation, PLC (NYSE:ETN – Free Report) in the 3rd quarter, HoldingsChannel.com reports. The firm acquired 2,647 shares of the industrial products company’s stock, valued at approximately $1,138,000.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Balance Wealth Partners LLC acquired a new stake in Eaton during the third quarter valued at approximately $38,000. SYM FINANCIAL Corp increased its holdings in shares of Eaton by 3.2% in the 3rd quarter. SYM FINANCIAL Corp now owns 1,007 shares of the industrial products company’s stock valued at $433,000 after purchasing an additional 31 shares during the period. Oakworth Capital Inc. increased its holdings in shares of Eaton by 0.7% in the 3rd quarter. Oakworth Capital Inc. now owns 4,328 shares of the industrial products company’s stock valued at $1,860,000 after purchasing an additional 29 shares during the period. Midland Wealth Advisors LLC lifted its position in shares of Eaton by 9.6% in the third quarter. Midland Wealth Advisors LLC now owns 629 shares of the industrial products company’s stock worth $270,000 after purchasing an additional 55 shares in the last quarter. Finally, Angeles Wealth Management LLC lifted its position in shares of Eaton by 6.3% in the third quarter. Angeles Wealth Management LLC now owns 5,837 shares of the industrial products company’s stock worth $2,508,000 after purchasing an additional 347 shares in the last quarter. Institutional investors own 82.97% of the company’s stock.

Insider Buying and Selling at Eaton

In other news, insider Heath Monesmith sold 18,036 shares of the company’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 of the company’s stock, valued at approximately $23,070,558.72. This represents a 26.37% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through 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, with a total value of $59,267.00. Following the acquisition, 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 SEC filing for this purchase provides additional information. Insiders own 0.10% of the company’s stock.

Eaton Stock Up 3.2%

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

Eaton (NYSE:ETN – Get Free Report) last issued its quarterly earnings results on Friday, July 31st. The industrial products company reported $3.15 EPS for the quarter, topping analysts’ consensus estimates 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. During the same quarter last year, the firm earned $2.95 earnings per share. The firm’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. As a group, analysts anticipate that Eaton Corporation, PLC will post 13.59 earnings per share for the current year.

Eaton Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, November 27th. Investors of record on Tuesday, November 10th will be paid a dividend of $1.10 per share. This represents a $4.40 annualized dividend and a yield of 1.1%. The ex-dividend date is Tuesday, November 10th. Eaton’s dividend payout ratio is presently 44.76%.

Key Headlines Impacting Eaton

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

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on the stock. Wall Street Zen lowered shares of Eaton from a “buy” rating to a “hold” rating in a research note on Sunday, August 16th. Sanford C. Bernstein reissued an “outperform” rating and issued a $534.00 price target (up from $509.00) on shares of Eaton in a research note on Monday, August 3rd. Weiss Ratings cut shares of Eaton from a “buy (b)” rating to a “buy (b-)” rating in a research note on Friday. Deutsche Bank Aktiengesellschaft upped their price objective on shares of Eaton from $493.00 to $521.00 and gave the stock a “buy” rating in a report on Wednesday, September 30th. Finally, Wells Fargo & Company started coverage on Eaton in a research report on Thursday, September 24th. They set an “overweight” rating and a $503.00 target price for the company. One 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. Based on data from MarketBeat.com, Eaton presently has an average rating of “Moderate Buy” and an average price target of $484.10.

Read Our Latest Research Report on Eaton

Eaton Profile

(Free Report)

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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