Eaton Corporation, PLC $ETN Stock Sold by Keybank National Association OH

Keybank National Association OH trimmed its holdings in shares of Eaton Corporation, PLC (NYSE:ETN) by 1.8% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 218,790 shares of the industrial products company’s stock after selling 3,957 shares during the period. Keybank National Association OH owned about 0.06% of Eaton worth $94,016,000 as of its most recent SEC filing.

Other institutional investors have also recently modified their holdings of the company. Wellington Management Group LLP increased its position in Eaton by 19.6% during the second 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 raised its holdings in shares of Eaton by 3.5% in the second quarter. National Pension Service now owns 864,731 shares of the industrial products company’s stock worth $368,479,000 after acquiring an additional 29,436 shares during the last quarter. AMF Tjanstepension AB lifted its position in shares of Eaton by 1.4% in the third quarter. AMF Tjanstepension AB now owns 364,814 shares of the industrial products company’s stock valued at $156,764,000 after acquiring an additional 5,168 shares in the last quarter. Clal Insurance Enterprises Holdings Ltd lifted its position in shares of Eaton by 112.6% in the first quarter. Clal Insurance Enterprises Holdings Ltd now owns 336,060 shares of the industrial products company’s stock valued at $120,199,000 after acquiring an additional 178,000 shares in the last quarter. Finally, Assenagon Asset Management S.A. lifted its position in shares of Eaton by 87.1% in the third quarter. Assenagon Asset Management S.A. now owns 282,750 shares of the industrial products company’s stock valued at $121,501,000 after acquiring an additional 131,624 shares in the last quarter. 82.97% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of analysts recently commented on ETN shares. Argus increased their price objective on Eaton from $475.00 to $528.00 and gave the company a “buy” rating in a research note on Tuesday, August 18th. HSBC boosted their target price on shares of Eaton from $440.00 to $460.00 and gave the company a “buy” rating in a research note on Monday, August 3rd. 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. Wall Street Zen lowered shares of Eaton from a “buy” rating to a “hold” rating in a report on Sunday, August 16th. Finally, Wells Fargo & Company decreased their price target on shares of Eaton from $503.00 to $485.00 and set an “overweight” rating on the stock in a research note on Wednesday, November 4th. One research analyst has rated the stock with a Strong Buy rating, twenty have issued a Buy rating and two have given a Hold rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $482.09.

Insiders Place Their Bets

In other Eaton news, Director Gerald Johnson purchased 130 shares of the firm’s stock in a transaction on Thursday, August 13th. The shares were purchased at an average cost of $455.90 per share, with a total value of $59,267.00. Following the purchase, 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 transaction was disclosed in a filing with the SEC, which is available at this link. Company insiders own 0.10% of the company’s stock.

Eaton Trading Down 1.4%

Shares of ETN opened at $354.34 on Wednesday. The stock has a fifty day moving average of $403.30 and a two-hundred day moving average of $396.80. The company has a debt-to-equity ratio of 0.85, a quick ratio of 0.78 and a current ratio of 1.23. The company has a market capitalization of $137.66 billion, a PE ratio of 35.40, a price-to-earnings-growth ratio of 2.26 and a beta of 1.15. 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 issued its quarterly earnings results on Tuesday, November 3rd. The industrial products company reported $3.68 earnings per share for the quarter, topping analysts’ consensus estimates of $3.54 by $0.14. Eaton had a return on equity of 25.09% and a net margin of 12.18%. The company had revenue of $8.95 billion for the quarter, compared to analyst estimates of $8.53 billion. During the same quarter in the prior year, the company posted $3.07 EPS. The business’s revenue for the quarter was up 28.0% compared to the same quarter last year. As a group, analysts forecast that Eaton Corporation, PLC will post 13.78 EPS for the current year.

Eaton Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, November 27th. Investors of record on Tuesday, November 10th will be given a dividend of $1.10 per share. The ex-dividend date is Tuesday, November 10th. This represents a $4.40 annualized dividend and a yield of 1.2%. Eaton’s dividend payout ratio is 43.96%.

Key Stories Impacting Eaton

Here are the key news stories impacting Eaton this week:

• Positive Sentiment: Recent coverage says record third-quarter sales led Eaton to raise its 2026 outlook again. The supplied results also show earnings and revenue ahead of consensus, reinforcing the company’s operating momentum. Eaton stock: Record Q3 sales lift 2026 outlook again
• Positive Sentiment: Hyperscalers are projected to spend $1.3 trillion on capital investment in 2027. Eaton could benefit from demand for the electrical infrastructure needed to build and power data centers, although the projection does not guarantee specific orders for Eaton. Hyperscalers Are Projected to Spend $1.3 Trillion on Capex in 2027
• Positive Sentiment: RBC reportedly sees 58% upside, offering a bullish counterpoint to recent weakness. Eaton was selected to supply hydraulic and fuel-system technologies for Dassault Aviation’s Falcon 10X, adding an aerospace program win, though financial terms were not reported. RBC Sees 58% Upside From Here Eaton selected for Dassault Falcon 10X
• Negative Sentiment: Eaton has fallen sharply over the past month as concerns about Meta’s spending plans and political developments weighed on AI power-equipment stocks broadly. That sector-wide pressure may be offsetting Eaton’s strong results and longer-term data-center opportunity. Eaton Lost 23% in a Month
• Negative Sentiment: Raymond James lowered its price target to $485 from $525. The cut signals a more cautious view, even though the revised target remains above the share price referenced in the supplied background. Raymond James Adjusts Price Target on Eaton

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. Eaton also makes aerospace components and systems, as well as products for vehicle powertrains and related applications.