Eaton Corporation, PLC $ETN Shares Purchased by QRG Capital Management Inc.

QRG Capital Management Inc. grew its holdings in shares of Eaton Corporation, PLC (NYSE:ETN) by 11.7% in the second quarter, HoldingsChannel reports. The fund owned 90,731 shares of the industrial products company’s stock after buying an additional 9,491 shares during the period. QRG Capital Management Inc.’s holdings in Eaton were worth $38,662,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently modified their holdings of the company. Wellington Management Group LLP increased its holdings in shares of 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 valued at $2,909,235,000 after purchasing an additional 1,120,567 shares during the period. National Pension Service lifted its holdings in 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 purchasing an additional 29,436 shares during the period. Clal Insurance Enterprises Holdings Ltd lifted its holdings in 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 worth $120,199,000 after purchasing an additional 178,000 shares during the period. Bartlett & CO. Wealth Management LLC grew its position in Eaton by 12.1% in the 1st quarter. Bartlett & CO. Wealth Management LLC now owns 266,845 shares of the industrial products company’s stock valued at $95,442,000 after buying an additional 28,815 shares in the last quarter. Finally, Bowen Hanes & Co. Inc. increased its stake in Eaton by 0.5% during the 1st quarter. Bowen Hanes & Co. Inc. now owns 204,380 shares of the industrial products company’s stock valued at $73,101,000 after buying an additional 1,025 shares during the period. Institutional investors own 82.97% of the company’s stock.

Insider Activity

In related news, Director Gerald Johnson purchased 130 shares of the firm’s stock in a transaction that occurred on Thursday, August 13th. The stock was acquired at an average price of $455.90 per share, for a total transaction of $59,267.00. Following the transaction, the director directly owned 1,829 shares of the company’s stock, valued at $833,841.10. This trade represents a 7.65% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, insider Heath Monesmith sold 18,036 shares of Eaton stock in a transaction dated Tuesday, August 11th. The stock was sold at an average price of $458.04, for a total value of $8,261,209.44. Following the completion of the transaction, the insider directly owned 50,368 shares in the company, valued at $23,070,558.72. This represents a 26.37% decrease in their position. The SEC filing for this sale provides additional information. 0.10% of the stock is currently owned by company insiders.

Eaton Price Performance

Eaton stock traded down $4.32 during mid-day trading on Wednesday, hitting $438.17. The company’s stock had a trading volume of 1,786,977 shares, compared to its average volume of 2,561,378. 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 capitalization of $170.19 billion, a P/E ratio of 44.58, a P/E/G ratio of 2.64 and a beta of 1.17. Eaton Corporation, PLC has a twelve month low of $311.92 and a twelve month high of $478.00. The stock’s fifty day moving average price is $417.31 and its two-hundred day moving average price is $401.86.

Eaton (NYSE:ETN) last announced its quarterly earnings data on Friday, July 31st. The industrial products company reported $3.15 EPS for the quarter, beating analysts’ consensus estimates of $3.08 by $0.07. The company had revenue of $8.53 billion during the quarter, compared to the consensus estimate of $8.16 billion. Eaton had a return on equity of 24.58% and a net margin of 12.75%.The company’s quarterly revenue was up 21.4% compared to the same quarter last year. 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. Research analysts forecast that Eaton Corporation, PLC will post 13.56 earnings per share for the current year.

Eaton Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, August 28th. Stockholders of record on Friday, August 7th were issued a dividend of $1.10 per share. This represents a $4.40 annualized dividend and a dividend yield of 1.0%. The ex-dividend date of this dividend was Friday, August 7th. Eaton’s dividend payout ratio is currently 44.76%.

Analysts Set New Price Targets

A number of analysts have commented on the stock. Wall Street Zen downgraded shares of Eaton from a “buy” rating to a “hold” rating in a research report on Sunday, August 16th. Royal Bank Of Canada raised their price objective on shares of Eaton from $484.00 to $512.00 and gave the company an “outperform” rating in a research note on Monday, August 3rd. Sanford C. Bernstein reissued an “outperform” rating on shares of Eaton in a report on Monday, August 3rd. Citigroup upped their target price on Eaton from $471.00 to $485.00 and gave the stock a “buy” rating in a research report on Monday, August 3rd. Finally, 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. Two investment analysts have rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Buy” and a consensus target price of $451.62.

Eaton News Summary

Here are the key news stories impacting Eaton this week:

• Positive Sentiment: Eaton announced expanded aerospace aftermarket capabilities in Asia-Pacific, including a new FAA certification for its Eaton Aero Services joint venture with SIA Engineering and Singapore investments supported by the Economic Development Board. The initiatives could strengthen Eaton’s aerospace services presence and provide longer-term growth opportunities. Eaton announces the expansion of aerospace aftermarket capabilities across Asia-Pacific
• Positive Sentiment: Zacks Research raised its Eaton estimates for second-quarter 2027 EPS to $3.93 from $3.92, third-quarter EPS to $4.26 from $4.21, and full-year 2027 EPS to $15.83 from $15.80. The revisions indicate modestly improved expectations for future earnings. Eaton analyst earnings estimates
• Neutral Sentiment: Value-focused coverage comparing Eaton with Vestas Wind Systems asks which stock offers the better opportunity. The discussion may draw attention to Eaton’s strong business prospects but also to its premium valuation, with the stock trading at roughly 45 times earnings. VWDRY or ETN: Which Is the Better Value Stock Right Now?
• Neutral Sentiment: A separate comparison with Vertiv highlights Eaton’s exposure to data-center power demand but concludes that Vertiv offers a more direct AI-infrastructure opportunity, supported by stronger growth and raised guidance. This could temper enthusiasm for ETN despite its participation in the data-center trend. Eaton vs. Vertiv: Which Data Center Power Stock Has an Edge?
• Negative Sentiment: Zacks Research slightly reduced its fourth-quarter 2027 EPS forecast for Eaton to $4.18 from $4.21. Although the change is small, it introduces a modestly negative signal amid elevated investor expectations. Eaton analyst earnings estimates

About Eaton

Eaton plc is a power management company that helps businesses, utilities, data centers, industrial facilities and other customers manage electrical, hydraulic and mechanical power more safely and efficiently. Its products and systems support power distribution, circuit protection, power quality, backup power, industrial automation and energy management.

The company also supplies aerospace systems, including hydraulic, fuel, motion-control and air-management equipment, as well as components and systems for commercial and military aircraft.