Eaton Corporation, PLC $ETN Stock Acquired by TD Waterhouse Canada Inc.

TD Waterhouse Canada Inc. grew its position in shares of Eaton Corporation, PLC (NYSE:ETN) by 2.5% in the 3rd quarter, Holdings Channel.com reports. The firm owned 193,681 shares of the industrial products company’s stock after buying an additional 4,711 shares during the period. TD Waterhouse Canada Inc.’s holdings in Eaton were worth $84,753,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also recently made changes to their positions in the company. Security National Bank of SO Dak purchased a new stake in Eaton during the second quarter worth $26,000. Manning & Napier Advisors LLC acquired a new stake in Eaton during the second quarter valued at $27,000. Gunpowder Capital Management LLC dba Oliver Wealth Management acquired a new stake in Eaton during the fourth quarter valued at $28,000. Boreal Capital Management LLC purchased a new position in Eaton in the first quarter valued at $33,000. Finally, North Point Portfolio Managers Corp OH purchased a new position in Eaton in the third quarter valued at $34,000. 82.97% of the stock is currently owned by institutional investors and hedge funds.

Key Stories Impacting Eaton

Here are the key news stories impacting Eaton this week:

• Positive Sentiment: Unusually high options activity included approximately 48,136 call options, roughly eight times typical daily call volume, suggesting that some institutional traders are positioning for potential upside. Unusual options activity article
• Positive Sentiment: RBC Capital remains constructive on Eaton, with a reported price target of $484, while the median target from six analysts is $458. The bullish view reflects ongoing demand for electrical infrastructure, grid modernization and data-center power systems. Royal Bank of Canada Eaton forecast
• Neutral Sentiment: Eaton will report third-quarter 2026 results on November 3. Analysts reportedly expect a double-digit year-over-year EPS decline, making the release an important near-term catalyst; however, the company’s previously provided full-year adjusted EPS guidance remains $13.40 to $13.60. Eaton Q3 earnings expectations
• Neutral Sentiment: Eaton reorganized its Mobility segment in the first quarter and is updating historical reporting to reflect the new structure. The change should improve comparability but may create temporary uncertainty when investors assess segment trends. Eaton reporting update
• Negative Sentiment: The recent pullback appears largely sentiment-driven, with investors rotating away from infrastructure and AI-related beneficiaries. Concerns about margin compression, higher input costs and Eaton’s elevated valuation are adding pressure despite strong prior sales, orders and backlog trends. Eaton infrastructure stock analysis

Eaton Price Performance

Shares of NYSE ETN traded down $12.09 during trading on Friday, hitting $390.39. The company had a trading volume of 3,101,350 shares, compared to its average volume of 2,150,870. The firm has a market capitalization of $151.63 billion, a price-to-earnings ratio of 39.71, a price-to-earnings-growth ratio of 2.34 and a beta of 1.13. The stock has a fifty day simple moving average of $423.02 and a two-hundred day simple moving average of $410.24. The company has a quick ratio of 0.79, a current ratio of 1.24 and a debt-to-equity ratio of 0.91. Eaton Corporation, PLC has a fifty-two week low of $311.92 and a fifty-two week high of $478.00.

Eaton (NYSE:ETN) last released its quarterly earnings results on Friday, July 31st. The industrial products company reported $3.15 earnings per share for the quarter, topping the consensus estimate of $3.08 by $0.07. The firm had revenue of $8.53 billion during the quarter, compared to the consensus estimate of $8.16 billion. Eaton had a net margin of 12.75% and a return on equity of 24.58%. The company’s revenue for the quarter was up 21.4% on a year-over-year basis. During the same quarter in the prior year, the firm 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. On average, research analysts expect that Eaton Corporation, PLC will post 13.57 earnings per share for the current year.

Eaton Announces Dividend

The company 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. This represents a $4.40 annualized dividend and a yield of 1.1%. The ex-dividend date was Friday, August 7th. Eaton’s payout ratio is 44.76%.

Analysts Set New Price Targets

ETN has been the topic of several recent analyst reports. Weiss Ratings raised shares of Eaton from a “buy (b-)” rating to a “buy (b)” rating in a research note on Thursday, October 8th. Raymond James Financial raised their target price on Eaton from $465.00 to $525.00 and gave the company an “outperform” rating in a research report on Wednesday, August 5th. Robert W. Baird set a $500.00 price target on Eaton and gave the company an “outperform” rating in a research note on Thursday, August 20th. Citigroup lifted their price target on Eaton from $485.00 to $498.00 and gave the company a “buy” rating in a research note on Monday, October 12th. Finally, Argus upped their price target on Eaton from $475.00 to $528.00 and gave the stock a “buy” rating in a report on Tuesday, August 18th. One analyst has rated the stock with a Strong Buy rating, twenty have issued a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat.com, Eaton currently has an average rating of “Moderate Buy” and an average target price of $484.10.

Insiders Place Their Bets

In other news, insider Adam A. Wadecki sold 525 shares of the firm’s stock in a transaction that occurred on Tuesday, August 4th. The stock was sold at an average price of $440.54, for a total value of $231,283.50. Following the transaction, the insider owned 1,054 shares in the company, valued at $464,329.16. This trade represents a 33.25% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Gerald Johnson purchased 130 shares of the stock in a transaction dated Thursday, August 13th. The stock was purchased at an average cost of $455.90 per share, for a total transaction of $59,267.00. Following the completion of the purchase, the director directly owned 1,829 shares of the company’s stock, valued at approximately $833,841.10. The trade was a 7.65% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. 0.10% of the stock is owned by company insiders.

About Eaton

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.