28,174 Eaton Corporation, PLC $ETN Shares Sold by Pictet Asset Management Holding SA

Pictet Asset Management Holding SA decreased its holdings in Eaton Corporation, PLC (NYSE:ETN) by 2.7% in the third quarter, HoldingsChannel.com reports. The fund owned 997,666 shares of the industrial products company’s stock after selling 28,174 shares during the quarter. Pictet Asset Management Holding SA’s holdings in Eaton were worth $428,707,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently bought and sold shares of the stock. Security National Bank of SO Dak bought a new stake in shares of Eaton in the second quarter worth about $26,000. Manning & Napier Advisors LLC bought a new position in shares of Eaton during the second quarter valued at approximately $27,000. Curry Webb Wealth Management LLC purchased a new stake in shares of Eaton in the third quarter worth approximately $29,000. CKW Financial Group raised its holdings in shares of Eaton by 1,825.0% in the third quarter. CKW Financial Group now owns 77 shares of the industrial products company’s stock worth $34,000 after buying an additional 73 shares during the period. Finally, North Point Portfolio Managers Corp OH bought a new stake in shares of Eaton during the 3rd quarter worth approximately $34,000. 82.97% of the stock is currently owned by institutional investors.

Insider Activity

In related news, Director Gerald Johnson bought 130 shares of the business’s stock in a transaction dated Thursday, August 13th. The stock was acquired at an average price of $455.90 per share, with a total value 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. This trade represents a 7.65% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Heath Monesmith sold 18,036 shares of the business’s stock in a transaction that occurred on 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 sale, the insider owned 50,368 shares of the company’s stock, valued at approximately $23,070,558.72. This trade represents a 26.37% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 0.10% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on ETN shares. UBS Group upgraded Eaton from a “neutral” rating to a “buy” rating and boosted their price objective for the company from $450.00 to $515.00 in a report on Monday, September 7th. Citigroup raised their price objective on Eaton from $485.00 to $498.00 and gave the company a “buy” rating in a research report on Monday, October 12th. BMO Capital Markets lifted their price target on shares of Eaton from $477.00 to $487.00 and gave the stock an “outperform” rating in a report on Monday, August 3rd. Robert W. Baird initiated coverage on shares of Eaton in a report on Thursday, August 20th. They set an “outperform” rating and a $500.00 price objective on the stock. Finally, Argus raised their target price on Eaton from $475.00 to $528.00 and gave the stock a “buy” rating in a research note on Tuesday, August 18th. 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. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $483.91.

Eaton Stock Up 4.5%

Shares of ETN stock opened at $341.80 on Friday. The company has a current ratio of 1.23, a quick ratio of 0.79 and a debt-to-equity ratio of 0.85. The stock has a 50 day moving average of $405.12 and a 200 day moving average of $396.59. Eaton Corporation, PLC has a twelve month low of $311.92 and a twelve month high of $478.00. The stock has a market cap of $132.79 billion, a P/E ratio of 34.15, a P/E/G ratio of 2.15 and a beta of 1.15.

Eaton (NYSE:ETN) last announced its quarterly earnings results on Tuesday, November 3rd. The industrial products company reported $3.68 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.54 by $0.14. Eaton had a net margin of 12.18% and a return on equity of 25.09%. The firm had revenue of $8.95 billion for the quarter, compared to the consensus estimate of $8.53 billion. During the same period in the prior year, the firm posted $3.07 earnings per share. The firm’s quarterly revenue was up 28.0% compared to the same quarter last year. As a group, sell-side analysts expect that Eaton Corporation, PLC will post 13.80 EPS for the current year.

Eaton Announces Dividend

The firm also recently announced 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 is Tuesday, November 10th. This represents a $4.40 dividend on an annualized basis and a dividend yield of 1.3%. Eaton’s dividend payout ratio (DPR) is 43.96%.

Eaton News Summary

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

Eaton Company Profile

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.