Prime Capital Investment Advisors LLC Sells 4,221 Shares of Eaton Corporation, PLC $ETN

by · The Markets Daily

Prime Capital Investment Advisors LLC trimmed its holdings in shares of Eaton Corporation, PLC (NYSE:ETN – Free Report) by 5.0% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 80,106 shares of the industrial products company’s stock after selling 4,221 shares during the period. Prime Capital Investment Advisors LLC’s holdings in Eaton were worth $34,423,000 as of its most recent SEC filing.

Other institutional investors have also recently modified their holdings of the company. Wellington Management Group LLP lifted its stake in Eaton by 19.6% in the 2nd 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 buying an additional 1,120,567 shares in the last quarter. National Pension Service grew its holdings in Eaton by 3.5% during 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 during the last quarter. Clal Insurance Enterprises Holdings Ltd increased its position 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 buying an additional 178,000 shares in the last quarter. Assenagon Asset Management S.A. increased its position in Eaton by 87.1% during the third quarter. Assenagon Asset Management S.A. now owns 282,750 shares of the industrial products company’s stock worth $121,501,000 after buying an additional 131,624 shares in the last quarter. Finally, Bartlett & CO. Wealth Management LLC raised its holdings in shares of Eaton by 12.1% in the first quarter. Bartlett & CO. Wealth Management LLC now owns 266,845 shares of the industrial products company’s stock worth $95,442,000 after acquiring an additional 28,815 shares during the last quarter. 82.97% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

ETN has been the topic of several recent research reports. Wells Fargo & Company started coverage on Eaton in a research report on Thursday, September 24th. They issued an “overweight” rating and a $503.00 price objective on the stock. BMO Capital Markets lifted 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. Argus boosted their target price on shares of Eaton from $475.00 to $528.00 and gave the company a “buy” rating in a research note on Tuesday, August 18th. BNP Paribas Exane upped their target price on shares of Eaton from $490.00 to $500.00 and gave the company an “outperform” rating in a report on Monday, August 3rd. Finally, Robert W. Baird set a $500.00 price target on shares of Eaton and gave the stock an “outperform” rating in a research note on Thursday, August 20th. One analyst has rated the stock with a Strong Buy rating, twenty have given a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat, Eaton has an average rating of “Moderate Buy” and a consensus target price of $484.10.

View Our Latest Stock Analysis on ETN

Eaton Trading Down 2.6%

Shares of ETN stock traded down $10.18 during mid-day trading on Tuesday, hitting $381.32. 1,506,512 shares of the company’s stock were exchanged, compared to its average volume of 2,519,281. Eaton Corporation, PLC has a fifty-two week low of $311.92 and a fifty-two week high of $478.00. The stock has a 50-day simple moving average of $421.96 and a two-hundred day simple moving average of $410.95. The company has a quick ratio of 0.79, a current ratio of 1.24 and a debt-to-equity ratio of 0.91. The stock has a market cap of $148.10 billion, a price-to-earnings ratio of 38.80, a PEG ratio of 2.27 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 EPS for the quarter, beating the consensus estimate 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 period 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. Equities analysts expect that Eaton Corporation, PLC will post 13.57 EPS for the current fiscal year.

Eaton Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, August 28th. Stockholders of record on Friday, August 7th were paid a dividend of $1.10 per share. The ex-dividend date of this dividend was Friday, August 7th. This represents a $4.40 dividend on an annualized basis and a dividend yield of 1.2%. Eaton’s dividend payout ratio is currently 44.76%.

Eaton News Summary

Here are the key news stories impacting Eaton this week:

  • Positive Sentiment: Eaton’s second-quarter electrical backlog rose 43% year over year, while companywide organic sales increased 14%. The backlog highlights continued demand from data centers, grid modernization and broader electrification, although investors will want evidence that orders convert into durable earnings and cash flow without excessive capital spending. Eaton: Will Its Electrical Backlog Translate Into Lasting Earnings Power?
  • Positive Sentiment: The company previously exceeded quarterly expectations, reporting $3.15 in earnings per share versus the $3.08 consensus and revenue of $8.53 billion versus expectations of $8.16 billion. Management’s 2026 guidance calls for third-quarter EPS of $3.46–$3.56 and full-year EPS of $13.40–$13.60.
  • Neutral Sentiment: Eaton will release third-quarter results on November 3 and hold an investor conference call the same day. The announcement itself provides no change to guidance, but the upcoming report could clarify backlog conversion, margins, cash flow and demand trends. Eaton to announce third-quarter 2026 earnings
  • Negative Sentiment: At roughly 39.7 times earnings, Eaton trades above its recent 12-quarter average multiple of 35.9 times. That premium leaves less room for disappointing guidance or slower backlog conversion, particularly after the stock’s weaker performance than the broader market over the past year. What Could Eaton Stock Be Worth In Three Years?
  • Negative Sentiment: Analyst comparisons currently favor Forgent over Eaton as a data-center power investment, citing Forgent’s faster projected earnings growth and backlog coverage. This may be encouraging investors to rotate toward higher-growth alternatives. Forgent vs. Eaton: Which Data Center Power Stock Is the Better Buy?

Insider Transactions at Eaton

In related news, insider Adam A. Wadecki sold 525 shares of the company’s stock in a transaction that occurred 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 transaction, 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 sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Heath B. Monesmith sold 18,036 shares of the stock in a transaction that occurred on Tuesday, August 11th. The stock was sold at an average price of $458.04, for a total transaction of $8,261,209.44. Following the transaction, the insider directly owned 50,368 shares in the company, valued at approximately $23,070,558.72. This represents a 26.37% decrease in their position. The SEC filing for this sale provides additional information. Insiders own 0.10% of the company’s stock.

About Eaton

(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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