Calamos Advisors LLC raised its holdings in Eaton Corporation, PLC (NYSE:ETN – Free Report) by 1.5% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 111,040 shares of the industrial products company’s stock after buying an additional 1,623 shares during the quarter. Calamos Advisors LLC’s holdings in Eaton were worth $47,715,000 as of its most recent SEC filing.
Several other hedge funds have also recently added to or reduced their stakes in ETN. Wellington Management Group LLP raised its holdings in shares of 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 worth $2,909,235,000 after buying an additional 1,120,567 shares in the last quarter. National Pension Service lifted its holdings in shares of Eaton by 3.5% during the second quarter. National Pension Service now owns 864,731 shares of the industrial products company’s stock valued at $368,479,000 after acquiring an additional 29,436 shares during the period. AMF Tjanstepension AB grew its holdings in shares of Eaton by 1.4% in the 3rd quarter. AMF Tjanstepension AB now owns 364,814 shares of the industrial products company’s stock worth $156,764,000 after purchasing an additional 5,168 shares during the last quarter. Clal Insurance Enterprises Holdings Ltd increased its position in shares of Eaton by 112.6% during the 1st quarter. Clal Insurance Enterprises Holdings Ltd now owns 336,060 shares of the industrial products company’s stock worth $120,199,000 after purchasing an additional 178,000 shares in the last quarter. Finally, Assenagon Asset Management S.A. increased its position in shares of Eaton by 87.1% during 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 purchasing an additional 131,624 shares in the last quarter. Institutional investors and hedge funds own 82.97% of the company’s stock.
More Eaton News
Here are the key news stories impacting Eaton this week:
- Positive Sentiment: Eaton reported record third-quarter results and raised its 2026 outlook again. It beat the supplied consensus estimates, earning $3.68 per share versus $3.54 expected and generating $8.95 billion in revenue versus $8.53 billion expected. Eaton stock lifts 2026 outlook after record third-quarter results
- Positive Sentiment: A record electrical backlog and strong demand from data centers, grid modernization and broader infrastructure investment provide revenue visibility and potential for future growth. Can Eaton Convert Its Record Backlog Into Stronger Earnings?
- Positive Sentiment: Analyst support, including Bernstein maintaining a Buy rating and KeyBanc issuing a Buy, may help underpin investor confidence. Bernstein Sticks to Their Buy Rating for Eaton
- Neutral Sentiment: The stock’s rebound may also reflect a technical bounce after recent selling; one report described industrial shares including Eaton as deeply oversold. Top 3 Industrials Stocks That May Rocket Higher in November
- Negative Sentiment: Investors remain focused on whether Eaton can convert its large backlog into sustained sales and earnings growth. The shares sold off after the results despite the raised outlook, reflecting execution concerns and valuation sensitivity. Eaton Stock Sinks as Q3 Results Fail to Calm Execution Fears
- Negative Sentiment: Eaton sees potential in data-center power systems shifting from AC to DC, but its CEO said the timing of that transition is outside the company’s control. Eaton CEO: AC to DC migration for data centers is real
Insiders Place Their Bets
In other news, insider Heath B. Monesmith sold 18,036 shares of the business’s stock in a transaction on Tuesday, August 11th. The shares were sold at an average price of $458.04, for a total value of $8,261,209.44. Following 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 document filed with the SEC, which can be accessed through the SEC website. Also, Director Gerald Johnson bought 130 shares of the firm’s stock in a transaction that occurred on Thursday, August 13th. The stock was acquired at an average cost of $455.90 per share, with a total value of $59,267.00. Following the transaction, the director owned 1,829 shares of the company’s stock, valued at $833,841.10. This represents a 7.65% increase in their position. The disclosure for this purchase is available in the SEC filing. 0.10% of the stock is currently owned by corporate insiders.
Eaton Trading Up 4.5%
Shares of Eaton stock traded up $14.78 on Friday, hitting $341.80. 4,524,149 shares of the company’s stock traded hands, compared to its average volume of 2,622,490. 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 stock has a market capitalization of $132.75 billion, a PE ratio of 34.15, a price-to-earnings-growth ratio of 2.12 and a beta of 1.15. The firm’s 50-day moving average price is $405.12 and its two-hundred day moving average price is $396.59.
Eaton (NYSE:ETN – Get Free Report) last announced its quarterly earnings results on Tuesday, November 3rd. The industrial products company reported $3.68 EPS for the quarter, beating analysts’ consensus estimates of $3.54 by $0.14. Eaton had a return on equity of 24.58% and a net margin of 12.75%. The company had revenue of $8.95 billion during the quarter, compared to analysts’ expectations of $8.53 billion. During the same period in the prior year, the business posted $3.07 EPS. Eaton’s revenue was up 28.0% on a year-over-year basis. On average, research analysts expect that Eaton Corporation, PLC will post 13.80 EPS for the current fiscal year.
Eaton Announces Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Friday, November 27th. Stockholders of record on Tuesday, November 10th will be given a dividend of $1.10 per share. The ex-dividend date of this dividend is Tuesday, November 10th. This represents a $4.40 annualized dividend and a dividend yield of 1.3%. Eaton’s dividend payout ratio is currently 43.96%.
Analysts Set New Price Targets
ETN has been the topic of a number of recent analyst reports. Mizuho set a $485.00 price target on shares of Eaton in a research report on Wednesday. Wall Street Zen downgraded Eaton from a “buy” rating to a “hold” rating in a report on Sunday, August 16th. Wells Fargo & Company decreased their price target on Eaton from $503.00 to $485.00 and set an “overweight” rating on the stock in a research report on Wednesday. Evercore boosted their price objective on Eaton from $502.00 to $515.00 and gave the stock an “outperform” rating in a research note on Tuesday, August 11th. Finally, BMO Capital Markets increased their target price on Eaton from $477.00 to $487.00 and gave the stock an “outperform” rating in a report on Monday, August 3rd. One research analyst has rated the stock with a Strong Buy rating, twenty have assigned a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat, Eaton presently has an average rating of “Moderate Buy” and an average target price of $483.91.
About Eaton
Eaton is a global power management company that designs and manufactures products and services intended to help customers manage electrical, hydraulic and mechanical power. Founded in 1911, the company serves customers across a range of industries, including utilities, commercial buildings, data centers, aerospace and transportation.
Its offerings include electrical distribution and circuit protection equipment, power quality and backup systems, and power management software and services.
Further Reading
- Five stocks we like better than Eaton
- Astera Labs Just Crushed Earnings—So Why Are Analysts Cutting Price Targets?
- Sandisk Shares Are Oversold: Bargain or Value Trap?
- IonQ’s Record Revenue Includes a Big SkyWater Boost: Does That Change the Story?
- Airbnb Defied a Brutal Tech Sell-Off, But Can Its Post-Earnings Rally Last?
Want to see what other hedge funds are holding ETN? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Eaton Corporation, PLC (NYSE:ETN – Free Report).
Receive News & Ratings for Eaton Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Eaton and related companies with MarketBeat.com's FREE daily email newsletter.
