Eaton Corporation, PLC $ETN Shares Acquired by ZWJ Investment Counsel Inc.

ZWJ Investment Counsel Inc. grew its holdings in Eaton Corporation, PLC (NYSE:ETN) by 37.8% in the 3rd quarter, according to the company in its most recent filing with the SEC. The firm owned 5,569 shares of the industrial products company’s stock after buying an additional 1,528 shares during the quarter. ZWJ Investment Counsel Inc.’s holdings in Eaton were worth $2,393,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in ETN. Envestnet Portfolio Solutions Inc. increased its position in 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 period. Wedmont Private Capital boosted its stake in shares of Eaton by 69.6% during the 3rd quarter. Wedmont Private Capital now owns 11,413 shares of the industrial products company’s stock valued at $4,845,000 after purchasing an additional 4,684 shares in the last quarter. QRG Capital Management Inc. boosted its stake in shares of Eaton by 11.7% during the 2nd quarter. QRG Capital Management Inc. now owns 90,731 shares of the industrial products company’s stock valued at $38,662,000 after purchasing an additional 9,491 shares in the last quarter. Ameritas Advisory Services LLC boosted its stake in shares of Eaton by 667.9% during the 2nd quarter. Ameritas Advisory Services LLC now owns 7,556 shares of the industrial products company’s stock valued at $3,220,000 after purchasing an additional 6,572 shares in the last quarter. Finally, S&CO Inc. purchased a new position in shares of Eaton during the second quarter valued at about $3,824,000. 82.97% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on ETN shares. Royal Bank Of Canada increased their price target on shares of Eaton from $512.00 to $526.00 and gave the stock an “outperform” rating in a research note on Wednesday. Morgan Stanley raised their target price on Eaton from $500.00 to $520.00 and gave the company an “overweight” rating in a research note on Friday, August 28th. Citigroup lifted their price target on Eaton from $485.00 to $498.00 and gave the company a “buy” rating in a research report on Monday. Rothschild & Co Redburn upped their price target on Eaton from $386.00 to $403.00 and gave the stock a “neutral” rating in a research note on Wednesday, September 30th. Finally, UBS Group upgraded Eaton from a “neutral” rating to a “buy” rating and increased their price objective for the stock from $450.00 to $515.00 in a report on Monday, September 7th. One investment analyst has rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $481.41.

Eaton Trading Down 4.7%

NYSE:ETN opened at $408.05 on Thursday. The firm has a market capitalization of $158.49 billion, a P/E ratio of 41.51, a PEG ratio of 2.49 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. Eaton Corporation, PLC has a one year low of $311.92 and a one year high of $478.00. The company’s 50-day simple moving average is $425.12 and its 200 day simple moving average is $410.06.

Eaton (NYSE:ETN) last announced its earnings results 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 net margin of 12.75% and a return on equity of 24.58%. The business had revenue of $8.53 billion during the quarter, compared to the consensus estimate of $8.16 billion. During the same quarter last year, the firm earned $2.95 earnings per share. The business’s revenue for the quarter was up 21.4% on a year-over-year basis. 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 forecast that Eaton Corporation, PLC will post 13.57 EPS for the current fiscal year.

Eaton Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, August 28th. Shareholders of record on Friday, August 7th were paid a dividend of $1.10 per share. The ex-dividend date was Friday, August 7th. This represents a $4.40 dividend on an annualized basis and a yield of 1.1%. Eaton’s payout ratio is presently 44.76%.

Insider Buying and Selling at Eaton

In related news, Director Gerald Johnson purchased 130 shares of the stock in a transaction dated Thursday, August 13th. The stock was purchased at an average price of $455.90 per share, with a total value of $59,267.00. Following the transaction, the director directly owned 1,829 shares in the company, valued at $833,841.10. This trade represents a 7.65% increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Heath Monesmith sold 18,036 shares of the company’s stock in a transaction dated 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 completion of the transaction, the insider owned 50,368 shares in the company, valued at approximately $23,070,558.72. The trade was a 26.37% decrease in their position. The disclosure for this sale is available in the SEC filing. 0.10% of the stock is owned by company insiders.

Eaton News Roundup

Here are the key news stories impacting Eaton this week:

• Positive Sentiment: Royal Bank of Canada raised its price target to $526 from $512 and maintained an “outperform” rating, implying substantial upside from recent trading levels. Royal Bank of Canada raises Eaton price target
• Positive Sentiment: Deutsche Bank increased its Eaton price target to $521 from $493, reinforcing analyst confidence in the company’s growth prospects. Deutsche Bank raises Eaton price target
• Positive Sentiment: Erste Group lifted its FY2027 EPS forecast to $16.12 from $16.00 and its FY2026 estimate to $13.57 from $13.55, reflecting modestly improved earnings expectations. Erste Group raises Eaton earnings estimates
• Positive Sentiment: A favorable investment case highlights Eaton’s strong backlog, margin-recovery potential and participation in the AI data-center buildout, which could support future revenue and earnings growth. Eaton strong backlog and margin recovery support buy case
• Neutral Sentiment: Eaton trades at roughly 43 times earnings, a premium to peers such as Emerson Electric and Parker Hannifin. The premium reflects faster sales growth, but Eaton’s operating-margin conversion is weaker than that of many competitors. Is Eaton stock worth more than its competitors?

Eaton Company Profile

Eaton Corporation plc (NYSE: ETN) is a global power management company that helps customers manage electrical, hydraulic and mechanical power more safely, efficiently and reliably. Its products and systems serve commercial, industrial, utility, data center, residential, aerospace, vehicle and mobility applications.

The company’s electrical businesses provide circuit protection and control equipment, power distribution systems, connectivity solutions, backup power and other technologies used to support critical infrastructure and improve energy efficiency.